Holmer Gold Mines Limited Profile
Holmer Gold Bullion Mines Limited [TSXV:HGM] is a well-managed and focused junior precious metal exploration and development company with a strong asset base. The Company has two advanced gold and silver projects nearing production decisions.
A recent drill program on the Timmins Gold Project has tripled its estimate of the indicated and inferred resources. In the indicated bullion category there are 1.37 million tonnes grading 16.45 g/t Au uncut, triple the 422,000 tonnes at 17.78 g/t estimated in 2002. This year’s gold price estimate also includes 200,000 tonnes at 12.43 g/t in the inferred category and additional inferred resources of 1 million tonnes grading 3 to 6 g/t Au.
Lake Shore Gold, the operator of the project, wil continue to drill off the deposit on 100-metre sections located west of the known resource from 4500E to 4200E, and will initiate a surface exploration program to for new mineralized zones. Lake Shore holds a 50% interest in the Timmins project. A 3-D model, maps and photos of the Timmins mineralization are posted at www.LSgold.com
The Loma Hierro Silver Project is now ready for production awaiting permitting from the Cuban Government to develop the 2 million ounce per year mine. The Company is currently seeking financing for the Loma Hierro Silver Project.
These projects are at these stages of development because of years of systematic work in successfully outlining and adding confidence to the need to buy gold. An investment in Holmer Gold provides investors with excellent leverage to both exploration and development of gold and silver projects.