SILVER – Homestake Resource Corp. June 4 said Agnico Eagle Mines Ltd. will begin a C$3 million exploration program at the Homestake Ridge property in mid-June. 2014 exploration program, expected to include at least 7,500 meters of core drilling, will start on a potential new mineralized zone called the Slide target, first identified in 2013 and located southeast of the Homestake Silver deposit. Drilling in 2014 program will test areas on strike to the southeast and down dip of hole HR13-253, which cut a 18.6-meter interval averaging 101 grams per metric ton silver, including a 0.5-meter interval averaging 1,675 g/t silver (the true thickness has not been determined yet). Homestake Vice President of Exploration Rob Macdonald said, “The high-grade silver intercept in hole-253 is very important. Of the 262 holes drilled at Homestake Ridge since 2003, only 30 holes contain intervals greater than 500g/t Ag. Twenty eight of these holes occur within the Main Homestake or Homestake Silver deposits, one hole lies between these two deposits, and the remaining hole is HS13-253. Geochemistry from the few existing nearby drill holes also suggests that hole -253 is on the edge of the next high-grade gold-silver deposit at Homestake Ridge.” Further drilling is also anticipated to test lateral extensions of the South Reef deposit, potential depth extensions of the Main Homestake and Homestake Silver deposits and up to two holes to test “Eskay-equivalent” stratigraphy in the upper Hazelton Group exposed to the east and south of the Homestake Silver deposit.

ZINC/LEAD/SILVER – Canada Zinc Metals Corp. June 4 said crews have been mobilized to begin exploration at the company’s Akie and Kechika Regional projects in northern British Columbia. Akie hosts the Cardiac Creek SEDEX zinc-lead-silver deposit and the Kechika Regional projects is a series of property blocks extending northwest from the Akie for about 140 kilometers (85 miles). The 2014 exploration program will include at least 1,600 meters of diamond drilling targeting the Cardiac Creek deposit and an airborne gravity survey on the Akie and Mt. Alcock properties to follow up on an electromagnetic survey completed in 2012. Canada Zinc President and CEO Peeyush Varshney said, “The Akie project stands out as one of the premier zinc-lead-silver exploration projects in today’s marketplace. There is tremendous potential in 2014 to expand the existing Cardiac Creek resource and airborne gravity can help us discover new deposits.” The 2014 drilling program will test several key infill targets along the northwest and southeast margins of the deposit and within the internal high grade core. The primary goal of the gravity survey will be to delineate gravity anomalies within the highly prospective Gunsteel Formation. Canada Zinc said interpretative results generated from data acquired during a 2012 VTEM survey indicate an excellent correlation between the known geological and structural data and the electromagnetic conductivity response generated from the survey. The prospective Gunsteel Formation is easily identified as a conductive trend that can be traced across the Akie, Pie and Mt. Alcock properties. Areas of known mineralization such as Cardiac Creek and Mt. Alcock are located along these conductive trends and exhibit elevated conductivity and depressed magnetic signatures. Canada Zinc said coincident VTEM and gravity anomalies will be prioritized as drill targets.

COPPER/MOLY/GOLD – Carmax Mining Corp. June 3 said crews have been mobilized to begin a planned C$1.2-million exploration program at its Eaglehead property in northern British Columbia. The program will include line cutting, ground geophysics, metallurgical testing, core re-logging and roughly 4,000 meters of diamond drilling. A line cutting program, to be undertaken by Sawtooth Exploration Services, is to start on June 9; followed by a ground geophysics program scheduled to begin June 16. Using Quantec Geoscience’s Titan 24 DCP system, the geophysics grid will cover both the East and Bornite zones with penetration to a depth of 550-650 meters. The diamond drill program is planned to commence in early July. The first two holes will be for metallurgical testing, one in each of the East and Bornite zones, for a total of 1,000 meters. This will be followed by about six exploration holes to provide additional testing of the East and Bornite zones, as well as testing for continuity of mineralization along strike between these two zones. The Eaglehead property hosts an inferred mineral resource of 102.5 million metric tons of 0.29 percent (662 million pounds) copper, 0.010 percent (22 million pounds molybdenum and 0.08 grams per metric ton (265,000 ounces) gold. The mineral resource is contained within two conceptual open pits covering the East and Bornite zones. A re-logging of historical drill core will be carried out to establish continuity and enhance the geological model of the property. Carmax President and CEO Jevin Werbes said, “We are delighted to commence the 2014 Exploration Program following one year of inactivity caused by the devastating 2013 venture market conditions. With the company’s just completed financing and the addition of a strong new financial participant in the future of the company, we anticipate that this program will significantly enhance the potential of the Eaglehead project.” In April, Copper Fox Metals Inc. invested C$1 million to purchase 20 million units of Carmax Mining, with the proceeds to be used for exploration at Eaglehead.