www.homestakeresource.com
Homestake Resource Corporation is committed to increasing shareholder value with an experienced management team that has successfully demonstrated the ability to identify, explore and develop gold/silver properties within North America.
The Company’s major asset is the 100% owned 2,585ha Homestake Ridge Project in northwest British Columbia, a gold-rich epithermal/VMS-related vein system which is rapidly advancing with excellent drill results.
Bravo Gold unveils high grade drill results from Kinskuch project
Bravo Gold Corp. (CVE:BVG) said Thursday that it has encountered high grade silver-polymetallic mineralization in three of four core holes along the Illiance River trend, located on the eastern side of its Kinskuch project in northwestern British Columbia.
The Illiance River trend is the first of several high-priority areas to be drill-tested by Bravo on the large 59,600 hectare property located adjacent to its Homestake Ridge project.
Highlights from the latest drilling include a 2.8 metre interval averaging 318 grams per tonne (g/t) of silver, 0.4 g/t gold, 2.2% lead, and 6.5% zinc, which includes a 0.7 metre interval grading 735 g/t silver, 0.82 g/t gold, 3.5% lead, and 11.3% zinc from drill hole KN11-002.
Hole KN11-003 returned a 3.9 metre interval averaging 268 g/t silver, 0.2 g/t gold, 1.3% lead, and 6.5% zinc, which includes a 0.9 metre interval grading 584 g/t silver, 0.3 g/t gold, 3.4% lead, and 17.7% zinc from drill hole KN11-003.
In addition, the company hit a 9.7 metre interval averaging 77 g/t silver, 0.1% copper, 1.4% lead and 3.9% zinc, which includes a 1.6 metre interval averaging 338 g/t silver, 0.2 g/t gold, 0.6% copper, 5.0% lead, and 15.9% zinc from drill hole KN11-004.
The company drilled four holes on the Illiance River trend after mapping and sampling early in last year's exploration season provided encouragement, it said.
Silver and base-metal mineralization is exposed in a series of surface outcrops and hand-dug trenches along a 2.5 kilometre, northerly-trending zone of the same stratigraphic host rocks as mineralization at the nearby Homestake Ridge project, the company added.
Mineralization remains open at depth as well as to the south and north.
Bravo said that results from this initial program suggest that a resource can be delineated with further drilling, which is planned for the 2012 season.
Most of the 2.5 kilometre trend has not yet been explored by drilling as only shallow portions of three of the six known mineral occurrences were drill tested during the 2011 program, leaving significant strike length for future exploration.
In addition to the Illiance River trend, several other targets have been identified throughout the Kinskuch project that are yet to be tested, Bravo said.
The goal of the Kinskuch project is to add to Bravo's existing mineral resources and maximize the engineering and design efficiencies of the Homestake Ridge project.
Bravo Gold has a 100 percent interest in the Homestake Ridge project, which is located in a prolific mineral belt in northwestern British Columbia.
The project is being advanced as a potential high-grade underground mining operation with a current NI 43-101 compliant indicated resource, at a 3.0 g/t gold equivalent cut-off, of 191,000 ounces gold and 1.35 million ounces silver plus an inferred resource of 530,000 ounces of gold and 13.47 million ounces silver.
Two deposits have been delineated to date, with a third, South Reef, discovered late in 2011.
The company holds an option to acquire the 596-square-kilometre Kinskuch project located adjacent to, and to the southeast of, Homestake.
