Homerun Resources Inc. announced that the Company has completed a 1,055-line-kilometre airborne magnetic survey on its Homathko Gold Project, and the expansion of the property by an additional 17,700 hectares. This property expansion connects the two, previously separate, blocks of the Homathko Project, which now cover a combined total of 30,970 hectares across the highly prospective and generally underexplored Homathko Icefield.
A total of 1,055 line-kilometres was flown at a 100-metre spacing with a Scintrex CS-3 cesium vapour airborne magnetometer sensor, providing sample spacings of 1-2 metres. The airborne magnetic survey identified magnetic trends and potential structures associated with the primary Homathko showing and around Homathko Peak, as well as towards the east, near the historic Morris Mine. Magnetic highs coincident with the primary Homathko showing form a curvilinear feature, locally extending east-west around the circumference of Homathko Peak into Homerun's newly expanded claim area, further to the west. These magnetic highs coincide with structural measurements and grab samples, including one sample yielding 57.9 g/t gold, taken during the Company's property visit in late 2020, as well as mapping done by previous operators. Also of note are several roughly north-south trending magnetic highs parallel to those which strike through the Morris Mine area. These trends appear to continue further towards the south, roughly parallel to topographic features, which suggests a possible continuation towards historical MINFILE showings in the southern extension of the newly-expanded property area.