British Columbia Gold Projects

The GNC property immediately adjoins the high grade Eskay Creek mine of Barrick Gold. The property is joint ventured with Barrick (66 2/3%) and covers the favourable Eskay Creek ore horizon along strike and at depth. Homestake continues to explore the property systematically for Eskay Creek-type ore bodies that tend to be small but extremely high grade.

Canarc Resource Corp. owns a 100 percent interest (subject to a 10 to 15 percent net profits royalty) in the New Polaris gold property in northwestern British Columbia, Canada. New Polaris (previously Polaris Taku) is a high grade, underground, past-producing gold mine located approximately 60 km east of Juneau, Alaska and 100 km south of Atlin, BC, on the west bank of the Tulsequah River. Drilling over the past 12 years has delineated a significant gold resource below and beyond the old mine workings.