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Homestake Resource Corporation (TSXV:HSR,FWB:B6I) filed a NI 43-101 compliant technical report entitled “NI 43-101 Technical Report, an Updated Mineral Resource Estimate, Homestake Ridge Project, Kitsault, British Columbia”.
As quoted in the press release:
The new Mineral Resource Estimate represents significant increase for the Homestake Ridge Project at roughly equivalent gold and silver grades when compared to the earlier April 6, 2011 Mineral Resource Estimates (see NR-05-11). The increase in mineral resources is due to the identification of new high-grade resources through additional drilling, optimization of the block models to 3D wireframes at a 2g/t AuEq cut-off grade and a lower cut-off value due to higher average metal prices. The updated Mineral Resource estimate utilized an $85 NSR/t cut-off value. The 2011 resource estimate was given using a 3.0g/t AuEq cut-off grade, which equates to an approximate $118NSR cut-off value.
Click here to read the Homestake Resource Corporation (TSXV:HSR,FWB:B6I) press release
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