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HOMERUN RESOURCES INC. PRELIMINARY MINERAL RESOURCE ESTIMATE BELMONTE SILICA SAND DISTRICT
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Vancouver, B.C.: Homerun Resources Inc. (“Homerun” or the “Company”) (TSXV: HMR) (OTCQB: HMRFF) is pleased to release the preliminary Mineral Resource Estimate (MRE) from the Company’s high purity silica sand located in the Belmonte Silica Sand District in the State of Bahia, Brazil. After the completion of a comprehensive auger drilling and sampling program (see press release dated September 24, 2024), the MRE contains a preliminary resource of 25.56 Mt measured and 38.35Mt Inferred of high-purity silica sand (>99.6% SiO2).
MRE Highlights: - A total of 2,565.51 metres of drilling have been completed over 254 auger drill holes. And a total of 1033 samples were analyzed (including QA/QC analyses) in accredited laboratories.
- Auger drilling depth was generally constrained to 10 metres and drilling to a depth of 30 metres is expected to significantly increase this preliminary MRE given the proximity and continuity with historical extraction in the Belmonte District to depths beyond 30 metres.
- The MRE program demonstrates that a simple washing process serves to remove organic matter and clay impurities and significantly increases the average grade of the silica sand, without using any further physical or chemical processes.
The proximity of the Jundu operations (with extraction and wash and sort processing) on the border of the Homerun concessions provides significant volumes of combined silica sand resources for long-term, high-volume exploitation in the Belmonte Silica Sand District. During a site visit, the Company’s QP verified the continuity of the resources extending across the HMR and Jundu areas at depths greater than those reached by preliminary MRE drilling.
The QP geologist attended the Belmonte District from November 4th to 6th 2024. During this inspection, the QP verified the access, sampling locations and reported geology of the Homerun Belmonte Project. After the QP site visit and data review, the data collected during the drilling and sampling program, was incorporated into the preliminary MRE through geological modeling. Five percent of the samples were sent to a third-party laboratory for cross-check (the laboratory at the University of São Paulo).
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About Homerun (www.homerunresources.com) Homerun (TSXV: HMR) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:
Advanced Materials - Operating through ownership and partnerships to control two of Brazil’s premier Silica Districts with in-place logistics.
- Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California – Davis.
- Developing silicon carbide and thermoelectric materials for next-generation battery solutions.
Energy Solutions - Building Latin America’s first dedicated high-efficiency solar glass manufacturing facility (365,000t/yr capacity).
- Commercializing the integration of Perovskite PV on solar glass technology (PSC is at +25% solar efficiency and now commercializing globally as Tandem Solar).
- Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company’s high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.
With six profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company’s HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.
Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.
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)
Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)
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FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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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.
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