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Additional Information
Market: TSX-V
Sector: Gold Mining
EPIC: HSR
Latest Price: 0.20  (-4.76% Descending)
52-week High: 1.15
52-week Low: 0.18
Market Cap: 4.31M
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Homestake Resource
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.

Full Homestake Resource profile here
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Bravo Venture hits more bonanza gold and silver grades at Homestake Ridge

6th Oct 2009, 1:04 pm by Andre Lamberti
Bravo Venture hits more bonanza gold and silver grades at Homestake Ridge

Bravo Venture Group Inc. (TSX-V: BVG)  said it intersected bonanza-grade gold and silver mineralization in a second hole at the Homestake Silver zone and continued to return strongly anomalous gold assays in drill holes at the Main Homestake zone on its wholly owned Homestake Ridge project in northwest British Columbia.

Drill hole HR09-146 intersected a 0.7 metre interval averaging 49.0 grams per ton gold and 9,027 g/t silver within a 3.6 metre interval of higher-grade averaging 10.6 g/t gold and 1,689.6 g/t silver which form part of an overall 22.6 metre interval averaging 2.1 g/t gold and 294.3 g/t silver.

This mineralized intercept is an approximately 70 metre lateral and down-dip offset from previously reported high-grade mineralization in hole HR09-137 and represents the expansion of this newly identified gold-enriched area of mineralization within the Homestake Silver zone. Assays from additional portions of drill hole HR09-146, both above and below the reported intercept, are pending.

The company also reported that additional assays from drill hole HR09-137 have expanded an earlier reported mineralized interval to 26.8 metres grading 1.4 g/t gold and 51.3 g/t silver and have identified a deeper silver-enriched interval which returned 3.5 metres grading 0.25 g/t gold and 162.9 g/t silver. All intervals are reported as estimated true thickness.

The company continues to drill-test the Homestake Silver zone. Eight holes have now been completed to target depth and up to 2,000 additional metres of drilling are planned for the remainder of the season.

Bravo Venture also received assays from two drill holes at the northwestern margin of the Main Homestake zone and two drill holes that tested base-metal rich mineralization deeper in the deposit. Higher-grade assays of 9.2 g/t gold over a 1.1 metre interval and 5.0 g/t gold over a 1.5 metre interval were returned from drill hole HR09-129, which extended this portion of the deposit 75 metres to the northwest of the deposit boundary delineated by 2008 drilling.

Drilling in the northeastern part of the deposit returned a 23.8 metre interval averaging 1.7 g/t gold and 1.5 g/t silver from drill hole HR09-143 and a 0.9 metre interval grading 11.4 g/t gold and 15.2 g/t silver from HR09-141. These holes offset mineralization from drill holes HR06-41 and HR07-51 and provide further definition to the distribution of mineralization in the lower parts of the deposit.

The company said it has now completed 34 holes for approximately 8,500 metres in the 2009 program and is awaiting assays for 20 holes. Ten holes have been drilled in Homestake Silver zone, 20 holes in the Main Homestake zone and four holes tested other targets on the claim group.

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