Homerun Resources Inc. Reports Discovery of HPQ Silica Sand in Multiple Locations on 100% Owned Tenements in Belmonte, Brazil
Rhea-AI Summary
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has discovered high-purity quartz (HPQ) silica sand in multiple locations across its 100% owned tenements in the Belmonte Silica Sand District, Brazil. The exploratory auger drilling program revealed an average of 99.23% SiO2 content, with the best result reaching 99.80% SiO2. The company projects an exploration target of over 200 million tonnes within the 7,930-hectare concessions. The drilling program, conducted in September 2024, included 15 holes across 4 claim areas, though heavy rainfall affected recovery and depth in several locations.
Positive
- High-purity silica sand discovered with exceptional 99.23% average SiO2 content
- Large exploration target of 218 million tonnes projected
- 100% ownership of 7,930 hectares of tenements
- Strategic location adjacent to Saint Gobain operations
- Very low impurities in samples
Negative
- Drilling program by heavy rainfall and water interference
- Several drill holes hit obstacles (water, clay, rock) at shallow depths
News Market Reaction 1 Alert
On the day this news was published, HMRFF gained 4.34%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has performed an exploratory auger drilling program on its
HIGHLIGHTS:
- The concessions are contiguous to the quartzite stone operations of Saint Gobain (Brazil).
- HPQ silica sand is visible at surface across these tenements.
- The drilling was performed during a heavy rain season, which jeopardized recovery and caused water to limit the depth of several holes.
- Average results across all sampled drilling is
99.23% Si02 with best result being99.80% Si02 all with very low impurities. - Exploration target of over 200 million tonnes is projected within the concessions.
Figure 1. Map of area, silica sand occurrence, holes and walked path.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4082/229945_homerun_figure1.jpg
The drilling was performed during a heavy rain season, which jeopardized recovery and caused water to limit the depth of several holes. Nevertheless, there is no underground water in the drilling areas outside of heavy rain periods.
Figures 2 and 3: images from the drilling site.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4082/229945_homerun_image.jpg
Samples were prepared by Homerun's geology team by sorting, homogenizing, composing, washing and bagging, and subsequently sent to SGS for Analysis. SGS uses the ICM42Q assay method, which was performed on pure SiO2 samples. The technique includes a multi-acid (HCl, HNO3, HCLO4 and HF) digestion with ICP-OES / ICP-MS finish. Table 1 below shows a summary of the obtained results:
| Element (unit) | Average result | Best result |
| SiO2 (%) | 99.23 | 99.80 |
| Fe (ppm) | 189 | 73 |
| Al (ppm) | 432 | 173 |
| Ti (ppm) | 302 | 78 |
Table 1. Summary of lab results
Figure 4: areas of silica sand occurrence.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4082/229945_8d3df35394b8887e_004full.jpg
The program was executed between September 2nd and 6th, 2024, when 15 holes were drilled at 4 claim areas (ANM process numbers):
871.952/2023
871.953/2023
871.954/2023
871.955/2023
| Hole | Dept (m) | Remark |
| HREH-001 | 2,00 | hit water |
| HREH-002 | 2,00 | hit water |
| HREH-003 | 5,00 | stop recovery |
| HREH-004 | 1,43 | hit water |
| HREH-005 | 2,00 | hit clay |
| HREH-006 | 4,00 | collapsed |
| HREH-007 | 2,00 | hit water |
| HREH-008 | 1,59 | hit water |
| HREH-009 | 2,00 | hit water |
| HREH-010 | 2,00 | hit water |
| HREH-011 | 2,00 | hit water |
| HREH-012 | 2,00 | hit rock |
| HREH-013 | 3,62 | hit water |
| HREH-014 | 1,76 | hit water |
| HREH-015 | 4,00 | stop recovery |
Table 2. Depth and observations of drillholes
Satellite image analysis allowed our geological team to calculate the extension of the four sand occurrences as 9,914,354 m² (as detailed in Figure 4 above).
Based on the historical data and the previous work done by the Company in the Belmonte Silica Sand District, and using a minimum depth of 10 meters of silica sand occurrence with an average density of 2.2 t / m³, an exploration target of 218,115,788 tonnes can be set for the future development of these tenements.
"The work performed in this new area discovered by Homerun with great technical accuracy by our exceptional field geology group demonstrates that the Belmonte Silica Sand District has great potential to be exponentially larger than previously known, and developing our
Qualified Person
Mr. Roque Yuri Tandel is a consulting geologist and has reviewed and approved the scientific and technical information in this news release. Mr. Tandel is Geologist (1985), Master (1993) and PhD in Geology (1998) by the University of São Paulo (USP SP). He is a founding partner and Technical Director of Geoinform Pesquisas Geológicas Ltda, for 39 years in the market of geological services, Mining and Environment, with special emphasis on mineral prospecting, cubing, mineral law, geophysics, geostatistics, and investigation of environmental liabilities.
About Homerun Resources (https://homerunresources.com/)
Homerun Resources is focused on the development of its business within the critical and energy materials sectors. With a steadfast commitment to operational excellence, sustainability, and building shareholder value, Homerun Resources Inc. is poised to make a lasting impact in these industries.
On behalf of the Board of Directors of
Homerun Resources Inc.
"Brian Leeners"
Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229945
FAQ
What is the average SiO2 content discovered in Homerun Resources' (HMRFF) Belmonte silica sand project?
How many tonnes of silica sand does Homerun Resources (HMRFF) project in their Belmonte exploration target?
When did Homerun Resources (HMRFF) conduct their drilling program in Belmonte?
How many hectares does Homerun Resources' (HMRFF) Belmonte silica sand project cover?
