The Conversation (0)
Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) has entered into a loan agreement with an arm’s length individual for $100,000. Proceeds from the loan will be used to pay acquisition expenses for Homestake’s 625 square kilometre Kinskuch property located in northwestern British Columbia, where two additional exploration targets have been identified as high-priority.
As quoted in the press release:
Homestake has subdivided the large Kinskuch property into four general prospect areas; three of the prospects have somewhat different types of exploration targets, and a fourth area has not yet been evaluated by the Company. Homestake is seeking funding partners to drill test targets that have already been identified at three of the prospect areas, while developing additional drill targets on this well-mineralized and extensive land package. Two specific targets have been identified recently as high priority from existing data; the Kitgold target as part of the Esperanza property package and the Goldstream target as part of the Illiance property package.
Click here to read the Homestake Resource Corporation (TSXV:HSR) press release
Click here to see the Homestake Resource Corporation (TSXV:HSR) profile.