Homestake Resource Completes Drilling Program

Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) announced the completion of 13 diamond holes during the 2012 exploration season for a total of 4,743 metres at its Homestake Ridge project in Northwest British Columbia. Planning is underway to transfer operatorship of the property to Agnico-Eagle in January, as agreed to in the Option Agreement between the parties.

As quoted in the press release:

The program consisted of two phases, with the second phase being funded by Agnico-Eagle Mines Limited (“Agnico-Eagle”). The first phase was conducted at the South Reef target, which is located approximately 800 m to the southwest of, and on a parallel mineralized trend to, the project’s current resource inventory at the Main Homestake deposit and the Homestake Silver deposit. The second phase tested shallow, on-strike projections of the South Reef target as well as several other targets on the property.

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

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