"Never seen a project like Belmonte"
Homerun Resources (TSX.V: HMR, FSE: 5ZE, WKN: A3CYRW) has commenced a new auger drilling programme at the Belmonte silicate deposit in the town of the same name in the Brazilian province of Bahia. It will have a scope of 2,000 metres of drilling.
On 20 May, Homerun Resources started the work, which will be carried out by a small team in cooperation with local geologists. The objective is to utilise the knowledge gained from the drilling to delineate a Canadian NI 43-101 compliant mineral resource.
The drilling programme is part of Homerun Resoruces‘ commitment to its partnership with Companhia Baiana de Pesquisa Mineral (CBPM) under the parties’ 40-year lease agreement.
Brian Leeners, CEO of Homerun Resources, stated: ‘In my 25+ years of experience, I have never seen a project like Belmonte. In less than twelve months and with an investment of less than US$1.0 million, we have created such incredible value. Normally this kind of value creation in the resource sector takes years. Shareholders of Homerun should be excited or seriously have their pulse checked.’
‘The drilling programme at the Belmonte resource aims to document and formalise what is already visible to the naked eye: the unique size and quality of the Belmonte quartz sand deposit. Nonetheless, the Homerun Geo team has a mandate to conduct the drilling to world-class standards of safety, environmental protection and accuracy – and I am confident that they will deliver,’ added Armando Farhate, COO of Homerun Resources.
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