Banks Island, Homestake eye golden synergies

Homestake Resource Corp. and Banks Island Gold Ltd. Nov. 19 reported the signing of a letter of intent in which Banks Island has the option to earn 50 percent of the Homestake Ridge gold property in northwestern British Columbia by investing C$16.5 million in work and option payments over a three-year period.

Exploration at Homestake Ridge has outlined 6.77 million metric tons of inferred resource...