Homestake Resource Reports Bonanza-grade Silver at Homestake Ridge

Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) reported that optionee Agnico Eagle Mines Limited provided results from the 2013 exploration program on the Homestake Ridge project. Highlights include a bonanza-grade silver intercept in drilling southeast of the Homestake Silver Deposit, appearing to be the edge of a new mineral deposit. Hole HR13-253 contained a 18.6 metre interval averaging 101.8 g/t silver from 364.4 to 383.0 metres down hole, including a 0.5 metre interval averaging 1,675.0 g/t silver from 364.4 to 364.9 metres.

As quoted in the press release:

The bonanza-grade silver drill intercept is in an area referred to as the Slide Target, which is located 400 metres to the south of the Homestake Silver deposit. Elevated silver values and strongly anomalous pathfinder minerals, such as antimony, barium and arsenic, were returned from two holes drilled up-dip from the bonanza-grade intercept. These holes contain similar pathfinder values to those present in holes located adjacent to the Homestake Silver deposit.

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