More than 90,000 metres in 275 holes have been drilled at Homestake Ridge forming a resource of high-grade gold and silver (along with copper and lead values) as follows:
More than 90,000 metres in 275 holes have been drilled at Homestake Ridge forming a resource of high-grade gold and silver (along with copper and lead values) as follows:
Homestake Ridge comprises the 75 sq. km. northern half of the Company’s 163 sq. km. Kitsault Valley project located in the Golden Triangle of Northwest British Columbia and features a high-grade gold and silver resource. It includes three known precious metal deposits: Homestake Main, Homestake Silver and South Reef.
Catergory | Zone | Tonnes (Mt) | Gold (g/t Au) | Gold (oz) | Silver (g/t Ag) | Silver (Moz) | Copper (%) | Copper (Mlbs) | Lead (%) | Lead (Mlbs) |
---|---|---|---|---|---|---|---|---|---|---|
Indicated | HM | 0.736 | 7.02 | 165,993 | 74.8 | 1.8 | 0.18 | 2.87 | 0.077 | 1.25 |
Total | 0.736 | 7.02 | 165,993 | 74.8 | 1.8 | 0.18 | 2.87 | 0.077 | 1.25 | |
Inferred | HM | 1.747 | 6.33 | 355,553 | 35.9 | 2.0 | 0.35 | 13.32 | 0.107 | 4.14 |
HS | 3.354 | 3.13 | 337,013 | 146.0 | 15.7 | 0.03 | 2.19 | 0.178 | 13.20 | |
SR | 0.445 | 8.68 | 124,153 | 4.9 | 0.1 | 0.04 | 0.36 | 0.001 | 0.00 | |
Total | 5.545 | 4.58 | 816,719 | 100.0 | 17.8 | 0.13 | 15.87 | 0.142 | 17.34 |
See NI43-101 Technical report dated March 23, 2023, with effective date September 28, 2022 titled “Technical Report on the Combined Kitsault Valley Project, British Columbia, Canada” on SEDAR
On January 20, 2022, Dolly Varden Silver filed an updated Technical Report and Updated Mineral Resource Estimate for the Homestake Ridge Gold Project, prepared by Apex Geoscience Ltd.
The former project owner, Fury Gold Mines Ltd., completed a previous Preliminary Economic Assessment on the Homestake Ridge project with robust economics. This historic NI 43-101 compliant technical report dated May 29, 2020, prepared by Minefill Services, Inc. can be found by searching www.SEDAR.com.