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Hill End, AUS
Home of Bullion
Prospect D
Prospect
D "A"
Exploration
Targets
2006 Home of Bullion Field Exam
Drilling Results, 2006
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Home of Bullion
Mine, N.T., Australia
Home
of Bullion Mine is 50% owned by Goldstake. The mine has produced
2,500 tons of 22.5% copper. A report by ASARCO (US) and EZ
INDUSTRIES (pre NI 43-101) estimates a resource of 126,000 tons of 15%
copper from surface to a depth of 210 ft.
An estimated
7000 tons of 10% grade copper is stockpiled at surface.
Goldstake
and its joint ventures partners plan to diamond drill 9 Holes (900
metres total) to confirm these historical reserves and then commence
open-pit mining for recovery of the copper, silver, lead and zinc in
this deposit, concurrently carrying out drilling to extend the reserves
on this “Main” reef, and developing further resources on a
cluster of reefs exposed on the surface in close proximity to the
“Main” reef.
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