Homestake Ridge - British Columbia

In 2011, Homestake Resource reported an updated mineral resource estimate, (NI43-101 compliant) of 191,000oz gold and 1,350,000oz silver indicated plus 530,000oz gold and 13,470,000oz silver inferred at a 3.0 g/t AuEq. cut-off in two separate deposits.

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Message: Bravo Announces Private Placements

The question, as I see it, is 'are they expanding the drill program because they think something adddional is there but haven't found it yet or because they've been making finds that need further definition?'. If the latter we can expect their recently hired PR firm to be supplying a stream of good news NR's and an appreciation in the SP. Otherwise we may just drift back into the 30's.

I'm completely out as of the opening this AM but watching the trading like a hawk for indications.

Interesting that they changed their minds about the scope of the additional drilling so quickly. Here's hoping it means they are finding new ore pods.

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