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Homerun Resources Inc. Completes Drilling and Sampling Under Its Belmonte Silica District MRE Drill Program

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Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has completed its comprehensive MRE auger drilling and sampling program at the Belmonte high-purity silica deposit in Bahia, Brazil. The program, which began on May 22nd, 2024, concluded on September 16, 2024, with 254 auger holes drilled for a total of 2,565 metres, exceeding the initial forecast by 565 m while staying within budget. All samples have been sent to SGS for analysis using the ICM42Q assay method. The company aims to use this data to issue a 43-101 compliant Mineral Resource Estimate (MRE). This program is part of Homerun's 40-year lease agreement with Companhia Baiana de Pesquisa Mineral (CBPM).

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha completato il suo programma di perforazione e campionamento MRE con trivelle presso il giacimento di silice ad alta purezza di Belmonte, in Bahia, Brasile. Il programma, iniziato il 22 maggio 2024, si è concluso il 16 settembre 2024, con 254 fori di trivellazione eseguiti per un totale di 2.565 metri, superando la previsione iniziale di 565 m mantenendosi comunque entro il budget. Tutti i campioni sono stati inviati a SGS per l'analisi utilizzando il metodo di assaggio ICM42Q. L'azienda ha l'obiettivo di utilizzare questi dati per emettere una stima delle risorse minerali conforme al 43-101 (MRE). Questo programma fa parte dell'accordo di locazione di 40 anni di Homerun con Companhia Baiana de Pesquisa Mineral (CBPM).

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha completado su programa integral de perforación y muestreo MRE en el depósito de sílice de alta pureza de Belmonte en Bahía, Brasil. El programa, que comenzó el 22 de mayo de 2024, concluyó el 16 de septiembre de 2024, con 254 agujeros perforados para un total de 2.565 metros, superando la previsión inicial en 565 m, manteniéndose dentro del presupuesto. Todas las muestras han sido enviadas a SGS para su análisis utilizando el método de ensayo ICM42Q. La empresa tiene como objetivo usar estos datos para emitir una Estimación de Recursos Minerales (MRE) conforme a la 43-101. Este programa es parte del acuerdo de arrendamiento de 40 años de Homerun con Companhia Baiana de Pesquisa Mineral (CBPM).

호머런 리소스 주식회사 (TSXV: HMR) (OTCQB: HMRFF)는 브라질 바이아의 벨몬트 고순도 실리카 매장지에서 종합 MRE 오거 드릴링 및 샘플링 프로그램을 완료했습니다. 이 프로그램은 2024년 5월 22일에 시작되어 2024년 9월 16일에 종료되었으며, 총 2,565미터에 254개의 오거 구멍이 뚫렸습니다. 이는 초기 예측을 565미터 초과했으며 예산 내에 있었습니다. 모든 샘플은 ICM42Q 분석 방법을 사용하여 분석을 위해 SGS에 보내졌습니다. 회사는 이 데이터를 사용하여 43-101에 부합하는 광물 자원 추정치(MRE)를 발행할 계획입니다. 이 프로그램은 Companhia Baiana de Pesquisa Mineral (CBPM)과의 40년 임대 계약의 일환입니다.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) a terminé son programme complet de forage et d'échantillonnage MRE sur le dépôt de silice haute pureté de Belmonte, en Bahia, au Brésil. Le programme, qui a débuté le 22 mai 2024, s'est achevé le 16 septembre 2024, avec 254 trous de forage forés pour un total de 2 565 mètres, dépassant la prévision initiale de 565 m tout en restant dans le budget. Tous les échantillons ont été envoyés à SGS pour analyse en utilisant la méthode d'essai ICM42Q. La société vise à utiliser ces données pour émettre une estimation des ressources minérales conforme au 43-101 (MRE). Ce programme fait partie du contrat de location de 40 ans de Homerun avec la Companhia Baiana de Pesquisa Mineral (CBPM).

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) hat sein umfassendes MRE Bohr- und Probennahmeprogramm im Hochrein-Siliziumdioxidvorkommen Belmonte in Bahia, Brasilien, abgeschlossen. Das Programm, das am 22. Mai 2024 begann, wurde am 16. September 2024 abgeschlossen, mit 254 Bohrlöchern, die insgesamt 2.565 Meter ergaben, was die ursprüngliche Prognose um 565 m übertraf und dennoch im Budget blieb. Alle Proben wurden zur Analyse an SGS gesendet, wobei die ICM42Q-Testmethode verwendet wurde. Das Unternehmen plant, diese Daten zu nutzen, um eine Mineralressourcenschätzung (MRE) gemäß der Norm 43-101 herauszugeben. Dieses Programm ist Teil des 40-jährigen Pachtvertrags von Homerun mit der Companhia Baiana de Pesquisa Mineral (CBPM).

Positive
  • Completed 254 auger holes, exceeding initial forecast by 565 meters
  • Stayed within original budget despite increased drilling
  • Program completed without incidents and fulfilling all QAQC requirements
  • Part of a 40-year lease agreement with CBPM, indicating long-term potential
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - September 18, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has completed its comprehensive MRE auger drilling and sampling grogram at the Belmonte high-purity silica deposit in Belmonte, Bahia, Brazil.

The program commenced on May 22nd, 2024, as scheduled, and drilling was completed on September 04, 2024 while the final Samples were submitted on September 16, 2024. A total of 254 auger holes for a cumulative 2,565 metres have been completed, exceeding the initial forecast by 565 m while staying within the original budgetary allocation.

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Map of the complete MRE auger drilling program

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All samples have been sent to SGS for Analysis. SGS uses the ICM42Q assay method, which is performed on pure SiO2 samples. The technique includes a multi-acid (HCl, HNO3, HCLO4 and HF) digestion with ICP-OES / ICP-MS finish. The Company will publish a comprehensive summary, upon receipt of all assay results. Ultimately, the Homerun Resources Geology team aims to use the information generated by this drilling program to issue a 43-101 compliant Mineral Resource Estimate (MRE).

This drilling program is part of Homerun's commitment under its partnership with Companhia Baiana de Pesquisa Mineral (CBPM), within the scope of the 40-year lease agreement between the parties.

"The Homerun geology team has performed an outstanding job, delivering an incident-free campaign, within budget and fulfilling all the QAQC requirements. Upon completion of the laboratory analyses, we will work expeditiously to produce the comprehensive 43-101 compliant MRE as per our Strategic 3-Phase Business Plan," says Armando Farhate, COO of Homerun.

Qualified Person

Nico Scholtz is a consulting geologist and has reviewed and approved the scientific and technical information in this news release. Mr. Scholtz is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No. 400299/07). Mr. Scholtz is the Company's "Qualified Person" as defined by NI 43-101.

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/223734

FAQ

How many auger holes did Homerun Resources Inc. (HMRFF) complete in its Belmonte silica drilling program?

Homerun Resources Inc. completed 254 auger holes for a total of 2,565 metres in its Belmonte high-purity silica deposit drilling program.

When did Homerun Resources Inc. (HMRFF) complete its Belmonte silica drilling program?

The drilling program was completed on September 4, 2024, with final samples submitted on September 16, 2024.

What is the purpose of Homerun Resources Inc.'s (HMRFF) drilling program at the Belmonte silica deposit?

The purpose is to generate data for issuing a 43-101 compliant Mineral Resource Estimate (MRE) for the Belmonte high-purity silica deposit.

Which laboratory is analyzing the samples from Homerun Resources Inc.'s (HMRFF) Belmonte silica drilling program?

All samples from the Belmonte silica drilling program have been sent to SGS for analysis using the ICM42Q assay method.

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