Homestake Mine

The Homestake Gold Mine in the northern Black Hills of South Dakota was the largest iron-formation-hosted gold deposit in the world and produced 1241.4 tons (or approximately 40 million ounces) of gold over its 125 year history at an average historical reserve grade of approximately 0.3 ounces gold per ton.

Homestake Corridor Map 2020-10-26

In terms of total historic U.S. gold production, the Black Hills ranks second only to the Carlin District of northeast Nevada, with the gold production of the Black Hills concentrated in a 100 square mile area known as the Homestake District.

The Legendary Homestake Mine is just a small part of this District.

In the 1980’s and 1990’s Homestake Mining Company undertook a 70-million dollar exploration program (managed by current executive leadership and Founders of Dakota Territory Resource Corp) which was focused primarily on the search for a repeat of the Homestake Mine.

The Homestake Deposit lies within the Early Proterozoic core of the Black Hills uplift, which represents the southernmost exposure of Trans-Hudson orogeny rocks. Tectonism and thermal activity associated with Trans-Hudson event occurred as a result of collision of Wyoming and Superior Cratonic Plates. Proterozoic gold metallization is interpreted to be a result of an evolved, long lived tecto-thermal process that relied on plate scale shear zones as fluid conduits and zones of high geothermal gradient as fluid mobilizers.

Gold ore bodies at the Homestake Mine were hosted within the Homestake Formation, consisting of siderite phyllite and/or grunerite schist, depending on the metamorphic grade. Individual ore bodies were contained within plunging synclinal fold structures of Homestake Formation known as ledges. Dakota Territory’s Blind Gold Property is located in the productive structural corridor of the Homestake District and approximately 4 miles northwest of the historic Homestake Gold Mine.

Richard Bachman, Co-Founder and Board Member of Dakota Territory Resource Corp managed Homestake Mining Companies Black Hills exploration program of the 1980′s and 1990′s and was responsible for the drilling of diamond drill core holes that document Homestake iron-formation underlying the Blind Gold Property.

Jerry Aberle, Dakota Territory CEO, President and COO served as head of mining engineering at Homestake Mining Company and believes that the existence of Homestake iron-formation under the younger Phanerozoic-age rocks covering the Blind Gold Property presents a significant exploration opportunity in so much as the repeat of the Homestake style gold mineralization is not only possible, but has already been demonstrated to occur down plunge after the directors purchased new mining equipment parts for those who are going to heading down on the expedition.