- Homerun Resources (TSXV:HMR) has revealed it has begun its 2,000 metre mineral resource estimate drill program at its Belmonte deposit in Brazil
- The program is part of the company’s commitment to its partnership with Companhia Baiana de Pesquisa Mineral
- Drilling at Belmonte aims to determine the size and quality of the Belmonte silica sand deposit
- Shares of Homerun Resources are up 8.75 per cent to C$0.87 as of 11:49 am ET
Homerun Resources (TSXV:HMR) has revealed it has begun its 2,000 metre MRE drill program at its Belmonte deposit in Brazil.
In a news release, the company stated the program is part of its commitment to Homerun Resources’ partnership with Companhia Baiana de Pesquisa Mineral (CBPM).
Samples from the program will be sent to SGS Geosol for analysis while the company’s team will use the information from the drilling program for the purpose of a 43-101 mineral resource estimate.
“The drilling program on the Belmonte resource aims to document and formalize what is already clear to the naked eye: the unique size and quality of the Belmonte silica sand deposit,” Armando Farhate, COO of Homerun Resources, said in a statement.
Thursday’s announcement comes after Homerun Resources announced a letter of intent with Si&Mex Solutions do Brasil Limitada where the company will provide up to 365,000 tons per year of solar glass supply to Si&Mex.
“We are very excited to be working in partnership with the team at Si&Mex Solutions toward the delivery of a vertically complete silica to solar industry in Brazil,” Brian Leeners, CEO of Homerun Resources, said in a statement.
Homerun Resources is focused on developing assets in the critical and energy materials sectors.
Shares of Homerun Resources (TSXV:HMR) are up 8.75 per cent to C$0.87 as of 11:49 am ET.
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