Homestake’s Silver, Gold and Golden Triangle Advantage
February 3, 2015 — Tracy Weslosky, Editor-in-Chief and Publisher of InvestorIntel speaks to Joseph A. Kizis, Jr., M.S., B.S., P.Geo., President and Director of Homestake Resource Corp. (TSXV: HSR) on the impressive gold and silver resource in the Golden Triangle district. Additional conversation includes Homestake’s market cap, which is “about $1.00 an ounce” and the impressive background of management.
Tracy Weslosky: Joe we have a lot of people at InvestorIntel looking for the best gold advanced junior exploration plays out there. Of course, Homestake has an incredible deposit. Can you give us a bit of an overview?
Joseph A. Kizis: Sure. We have a deposit now, 43-101 resources of about 1.4 million ounces of gold equivalent. About two-thirds of that is gold and about one-third of that is silver.
Tracy Weslosky: So with a deposit this size, of course, you must have a substantial valuation. Can you tell us a little bit more about that?
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Joseph A. Kizis: The market cap right now is about $1.00 an ounce so it’s incredibly well valued at this point.
Tracy Weslosky: So you’re one of those stocks that everybody should be looking at. If I recall, in a story we did on closeology advantages; you’re close to a number of other gold plays. Can you talk to us a little bit about your location?
Joseph A. Kizis: We’re at the southern end of what’s called The Golden Triangle. It’s called The Golden Triangle because of the fabulous deposits that have been discovered and mined there in the past. About 7 million ounces of gold, over 200 million ounces of silver has already been produced. The 43-101 resources for the mines in the area are substantial, over 100 million ounces of gold. It’s a fabulous district.
Tracy Weslosky: In addition to the valuation, the actual deposit, the management team here is substantial. I’d like to encourage people to look at your management team because, I mean, I think I read you got your masters at the Colorado School of Mines. You have quite a track record of actually, you know, finding silver and gold. Give us a little bit more of the background of management please.
Joseph A. Kizis: I’m a geologist. I have my master’s degree from the University of Colorado, my undergraduate from Kent State University. I’ve been in the exploration business now for going on forty years so I’ve been involved in a number of great discoveries and Homestake is one of them.
Tracy Weslosky: So, of course, between the valuation and the substantial deposit that we have here, it’s also my understanding that you might be entertaining the notion of a strategic partner to take Homestake to the next level. Can you tell us a little bit about that?
Joseph A. Kizis: Yes, we’re always looking for an appropriate and strategic partner. Ideally we’re looking for someone that is anxious to continue with the exploration success that we’ve had. We’ve doubled the resource since 2010. We think we can continue to expand our resource dramatically, but we’re really at a point where it’s time to bring in a company that has the experience to bring the property into production.
Tracy Weslosky: Of course, those of you that have followed the history of Homestake will appreciate that, you know, your previous partner was Agnico Eagle and you’ve got the property back now. Is that correct?
Joseph A. Kizis: That’s right. We have it back 100%. Now we’re investigating the possibility of bringing in another major partner…to hear the rest of this interview, click here
Disclaimer: Homestake Resources Corp. is an advertorial member of InvestorIntel.
An accomplished entrepreneur and corporate finance professional, Tracy Weslosky is the CEO for InvestorIntel Corp. and the VP of Business Development for Bellotti Capital Partners ... <Read more about Tracy Weslosky>