Homestake Resource Corporation Receives Funding for 2012 Exploration Program

Homestake Resource Corporation(TSXV:HSR) announced that it has received funding for its 2012 exploration program. The offering is based upon a non-brokered basis and will consist of flow-through common shares and non-flow through units.

As quoted in the press release:

Drilling on the Homestake Ridge Project in 2012 will delineate the extent of mineralization discovered in 2011 at the South Reef deposit, which is located about 800 metres to the southwest of the Homestake Silver deposit. The planned holes will offset three holes from the 2011 program that tested a 75 metre strike-length of the mineralized trend to depths of 260 metres and intersected +30g/t gold in each hole, including a 3.1m interval averaging 30.8g/t Au and 3.3g/t silver within a 8.7 metre interval averaging 11.3g/t gold and 1.6g/t silver from drill hole HR11-232 (see NR-14-11).

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