The Gold Reef showing is located 1.5 kilometres to the southwest of Homestake Creek, 30 kilometres north-northwest of Alice Arm.

The showing consists of a series of west striking quartz-carbonate veins, 0.3 metre wide. The veins are hosted in altered plagioclase-hornblende porphyritic andesite (informally called the "Copper Belt") of the Lower Jurassic Hazelton Group. The porphyry is thought to be the intrusive equivalent of the felsic Mount Dilworth Formation (Hazelton Group). The veins are mineralized with pyrite and minor chalcopyrite, galena and sphalerite. A 0.40 metre long channel sample assayed 31.7 grams per tonne gold and 4.5 grams per tonne silver (Assessment Report 16034, Figure 5).

In 2003, Bravo Venture Group Inc. acquired the Homestake Ridge (103P 216) and focused its drill program primarily on structurally controlled gold mineralization in the Goldslide pluton rather than exploring for a precious metal enriched volcanogenic massive sulphide (VMS) deposit as Teck Cominco Ltd. had. Six holes tested a zone of quartz-pyrite stockwork veining and breccia at the contact of the feldspar-hornblende porphyry stock. Bravo drilled five additional holes to test four other targets: the rhyolite–argillite contact formerly explored by Teck Cominco, the Silver Crown zone (103P 082), the Fox-Gold Reef zone (103P 093, 213), and the Dilly vein. No significant assays resulted.

During the 2004 field season, Bravo focused on delineating the strike potential of the main Homestake shear. Ten line-kilometres of cut grid were established over the main and adjacent structures. Soil sampling and ground magnetic geophysics were conducted over the grid. Several zones of interest were identified mapped and sampled. In 2005, Bravo returned to the Homestake Ridge gold prospect (103P 216) to complete 1643 metres of drilling in 11 holes, intersecting significant gold-silver values.

During 2017 through 2019, Auryn Resources Inc. completed programs of geological mapping, geochemical (rock and soil) sampling, airborne and ground geophysical surveys and re-logging of historical drill cores.

Please refer to Homestake (103P 216) for further details.