Homestake Resource Corp. is a Canadian-based exploration company, 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 B.C., a gold-rich epithermal/VMS-related vein system hosted within Eskay Creek equivalent stratigraphy, which is rapidly advancing with excellent drill results. Since 2003, Homestake Resource has completed 58,736 meters in exploration and delineation drilling on the property. In 2011, Homestake Resource reported an updated mineral resource estimate, (NI43-101 compliant) of 191,000oz gold and 1,350,000oz silver indicated plus 530,000oz gold and 13,470,000oz silver inferred at a 3.0 g/t AuEq. cut-off in two separate deposits (1).

Recently, the Company substantially added to its land position in the area by acquiring the Kinskuch Project, which is a 59,600ha package of land contiguous to the Homestake Ridge Project. This project contains several highly prospective exploration and drill ready targets within similar stratigraphy to the Homestake Ridge Project. Homestake Resource plans to target some of these with an aggressive geophysical, surface exploration and drilling program in 2011.

The Company’s Nevada holdings, strategically located within the Battle Mountain/Eureka, Walker Lane, Northern Nevada Rift, Austin and Kings River Rift gold trends, have been spun-out to Bravada Gold Corp. Homestake Resource holds a 13 percent shareholding interest in Bravada Gold Corp.

Homestake Resource Corp. is affiliated with Manex Resource Group, a private company comprised of an exceptional multi-disciplinary team of professionals, with specific expertise in all the areas of exploration, development and public company administration.

Projects Overview

Currently the company is active in N.W. British Columbia. The VMS/ Epithermal gold/silver Homestake Ridge project in British Columbia is advancing with excellent drill results and a NI 43-101 compliant resource which reported a total inferred resource of 530,000oz gold and 13,470,000 ounces of silver and a total indicated resource of 191,000oz gold and 1,350,000oz silver. The Company has aggressively explored the Homestake Ridge project and, by the end of 2010 completed 216 drill holes on the project for a total of 58,736 metres of drilling at a cost of +$25 million. Exploration has focused on identifying and upgrading the mineral resources at the Main Homestake zone and delineation of the Homestake Silver zone and other targets.

The recent acquisition of the 59,600ha Kinskuch Project, which is contiguous to the Homestake Ridge Project, greatly enhances the Comapny’s land position within this largely underexplored region of northwestern British Columbia. This project contains several highly prospective exploration and drill ready targets within similar stratigraphy to the Homestake Ridge project. Homestake Resource plans to target some of these with an aggressive geophysical, surface exploration and drilling program in 2011.

Homestake Ridge

The Homestake Ridge Project is favourably located within the Iskut-Stewart-Kitsault Belt approximately 32km north-northwest of the tidewater communities of Alice Arm and Kitsault, BC, with road access within six kilometres. The Homestake Ridge property comprises 26 mineral claims containing 151 units and seven crown grants for a total area of 2,585 ha in the Skeena Mining Division with specific claims subject to a 2% net smelter return (NSR).

Infrastructure Highlights:

• Superior access
• 32km to tidewater at Alice Arm by historic roadway
• Road access to within 6km of property
• Synergies with  proposed hydro-development projects and existing infrastructure

Exploration on the property has identified two major accumulations of gold and silver mineralization of potential economic significance, known as the Main Homestake and Homestake Silver deposits. Mineralization is hosted within a complex sequence of lower to middle Jurassic sedimentary, volcanic and intrusive rocks of the Hazelton Group which, elsewhere in the Iskut-Stewart-Kitsault Belt have hosted multiple past producing mines, (each producing >1million oz gold) and other major mineral deposits.

To date the area has produced

• 7mm+ oz Au
• 220mm+ oz Ag
• 3b+ lbs Cu

43-101 compliant resources and reserves of:

• 65mm+ oz Au
• 25b+ lbs. Cu

For more information CLICK HERE

Kinskuch Project

The Kinskuch Project is a newly acquired 56,700ha property which borders the Homestake Ridge Property on the eastern side, and extends south east to tidewater at The Company’s logistical center at Alice Arm. This strategic acquisition contains not only most of the access road to Homestake Ridge, but also contains over 37 historical BC minfile occurrences in areas that have been explored since the early 1900s. This acquisition substantially increases The Company’s land holdings in the area and increases their regional presence in a district that has already produced a substantial amount of base and precious metals.

Initial exploration on the Kinskuch property will focus on two areas in the same stratigraphic section as the Homestake Ridge deposits: the area bordering the access road from The Company’s logistical center in Alice Arm, where limited soil sampling contains gold values from 1 to 660 ppb; and Illiance Valley, where multiple Ag-Au-Pb-Zn enriched mineral showings occur along a 8 kilometer long trend of discontinuously exposed felsic tuff and intrusive rocks.

Select chip and grab samples taken by Teck Cominco Ltd in 2001 at several occurrences along the Illiance River trend returned values of up to 3761g/t Ag, 7.6% Pb and 17.0%Zn ⁽¹⁾ with several samples containing in excess of one gram per tonne gold. Limited soil sampling at the Gold Stream target by the Optionor outlined a 300 metre x 900 metre gold-in-soil anomaly (>40ppb) that is open on three sides and represents a possible early-stage drill target on the project for the upcoming 2011 exploration program.

The Kinskuch property provides The Company with several near-term drill targets and much attractive and highly prospective ground in this strongly mineralized district. Any discoveries will be accretive to the 43-101 compliant resources at the two deposits already discovered by The Company at the adjacent Homestake Ridge property. Initial exploration in 2011 will begin on areas in the same stratigraphic section that hosts the Homestake Ridge deposits, including Esperanza and Road North Anomaly, which border the access road from The Company’s logistical center in Alice Arm, and the Illiance River Trend. Three possible early-stage drill targets have been identified on the property through detailed data review and compilation, and these will be field checked prior to choosing drill sites. Other exploration will focus on the identification of additional drill targets. Airborne geophysics is planned to assist with geologic mapping and targeting in this area of very poor exposure, where mineral deposits can be well hidden.

Joseph A. Kizis, Jr., M.S., B.S., P.Geo.
President & Director

Lawrence Page, Q.C., B.A., LL.B.
Chairman & Director

Mahesh Liyanage, CA
CFO

Robert Macdonald, MSc., P.Geo
VP Exploration

Fred Sveinson, P. Eng
Consulting Mining Engineer & Director

Declan Costelloe
Director

Stephen Beardslee, B.Sc., MBA
Director & Audit Committee Member

Terry Eyton, F.C.A and ICD.D
Director & Audit Committee Member

Scott B. Hean, BA, MBA, ICD.D
Director & Audit Committee Member

Share Structure

Shares Outstanding:     21 million
Fully Diluted:               27 million