- Homerun Resources (TSXV:HMR) reveals results from its exploratory auger drilling program at its 100 per cent owned silica sands tenements in Brazil
- Auger drilling reveals 99.23 per cent silicon dioxide (SiO2) content, with the best result at 99.80 per cent SiO2, showcasing low impurities.
- An estimated 218 million tons of silica sand was identified across 7,930 hectares in the Belmonte Silica Sand District.
- Shares of Homerun Resources are down 0.62 per cent to C$1.61 as of 11:09 a.m. ET
Homerun Resources Inc. (TSXV: HMR) reveals results from its exploratory auger drilling program at its 100 per cent owned silica sand tenements in the Belmonte Silica Sand District in Brazil.
In a news release, the company stated that the program, which took place across its 7,930-hectare concessions, identified significant exploration targets for high-purity quartz (HPQ) silica sand in multiple areas.
These tenements are strategically located adjacent to the quartzite stone operations of global industry leader Saint Gobain, further underscoring the potential of the project.
Notably, drilling results revealed an average purity of 99.23 per cent silicon dioxide (SiO₂) across all sampled drill sites, with the highest purity reaching 99.80 per cent SiO₂.
This high-grade silica sand is characterized by very low impurity levels, making it an attractive resource for industries that require high-quality materials.
Armando Farhate, COO of Homerun Resources, emphasized the strategic value of this discovery, noting that the Belmonte Silica Sand District could be far larger than initially anticipated.
“This new discovery, backed by excellent fieldwork from our geological team, positions Homerun to significantly expand its mineral rights and enhance our control and flexibility in executing our business plan,” Farhate said.
Based on historical data and the company’s drilling work, Homerun has calculated an exploration target of over 200 million tonnes of HPQ silica sand within the concessions. The target volume is projected at 218.1 million tonnes, using a minimum depth of 10 meters and an average density of 2.2 t/m³. These figures suggest a significant resource that could support long-term operations in the rapidly growing silica sand market.
Homerun Resources is focused on its Tatooine Quartz Silica Project, which spans approximately 3,958 hectares in British Columbia and also holds the Belmonte silica concession in Belmonte, Bahia, Brazil, covering approximately 69.4 hectares.
Shares of Homerun Resources are down 0.62 per cent to C$1.61 as of 11:09 a.m. ET.
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