Canadian Mining Journal

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SILVER: Fourth deposit found at Homestake Ridge

BRITISH COLUMBIA – Homestake Resource Corp. of Vancouver has wrapped up the season's drilling at its Homestake Ridge silver project 32 km southeast of Stewart with the discovery of a fourth mineralized zone. The latest bonanza silver...



BRITISH COLUMBIA – Homestake Resource Corp. of Vancouver has wrapped up the season’s drilling at its Homestake Ridge silver project 32 km southeast of Stewart with the discovery of a fourth mineralized zone. The latest bonanza silver intercept was made southeast of the Homestake Ridge deposit where hole 13-253 returned 18.6 metres averaging 101.8 g/t Ag, including a 0.5 metre interval of 1,675.0 g/t Ag at about 364 metres below surface.

Referred to as the Slide target, the new discovery appears to be the edge of a new deposit, possibly on the same structure or on a parallel structure to the Main Homestake and Homestake deposits, according to the company. The mineralization in the core comprises a series of colloform banded quartz-carbonate veins containing galena, sphalerite, pyrite, chalcopyrite and black sulphosalts. The mineralization is similar in style to veins in the upper parts and lateral margins of the Homestake silver deposit.

The operator of the project is Agnico Eagle Mines that has optioned 65% of the project.

More information about Homestake Ridge can be found at HomestakeResource.com.