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    Homestake Resource Clarifies Technical Disclosure Issues Identified by BCSC

    Investing News Network
    Dec. 03, 2013 01:07PM PST
    Gold Investing

    Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) addressed and clarified Technical Disclosure issues as identified by the British Columbia Securities Commission (BCSC) as being non-compliant to NI43-101.

     Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) addressed and clarified Technical Disclosure issues as identified by the British Columbia Securities Commission (BCSC) as being non-compliant to NI43-101.

    As quoted in the press release:

    In its Corporate Presentation and website the Company disclosed an exploration target for its Illiance River project which included a potential target size (5 million tonnes to 10 million tonnes) without providing the appropriate cautionary language that the target is conceptual and that there has been insufficient exploration to define a mineral resource on the project as per section 2.3 (2) of NI 43-101.

    The Company clarifies that the potential quantity and grade of the target is conceptual in nature and that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration would result in the identification of a mineral resource.

    When identifying the target size, the strike-length of the surface mineralization (+2.0km), the grade and thickness of mineralized intercepts from drilling (+5m cumulative thickness) within this strike-length and the spacing of the drill holes were all considered.

    Click here to read the Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) press release

    See this press release on Marketwire
    Click here to see the Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) profile

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