The Homestake (L.2475) occurrence is located in the bed of Homestake Creek at an elevation of 540 metres and approximately one kilometre from the shore of Pryce Channel, on West Redonda Island.

Regionally, the area is underlain by dioritic and granodioritic intrusive rocks of the Jurassic to Cretaceous Coast Plutonic Complex. Age dating from the southern part of West Redonda Island indicates 111 to 113 million years by potassium-argon from biotite and hornblende (Geological Survey of Canada Open File 480). Locally, highly metamorphosed greenstone and limestone of unknown group, formation or age are found in diorite. The strata strikes north with a dip of 65 degrees east.

There are three magnetite occurrences on West Redonda Island. They have almost identical geological settings and are close enough to each other to indicate the possibility of a continuous zone (Open File 1988-28, page 68). The three occurrences are Redonda Iron Mine (MINFILE 092K 039), Black Warrior (MINFILE 092K 040) and Homestake (MINFILE 092K 063).

Locally, magnetite is recorded to occur in outcrop for a width of approximately 18.2 metres. The magnetite, where it outcrops, does not occur at the actual line of contact between limestone and diorite, but a short distance away. No assays, or examinations of the extent and quality of the magnetite have been made at this location (Minister of Mines Annual Report 1918, page 283).

Work History

In the late 1800s or early 1900s a number of opencuts were developed on the occurrence area.

During 2007 through 2014, Homegold Resources Ltd. conducted minor programs of prospecting, rock sampling and geological mapping on the area as the West Redonda property.