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Exec Hopes Keystone Could Yield Next Homestake

July 9, 2012, 5:25 AM

Exec Hopes Keystone Could Yield Next Homestake
Keystone, SD

KEYSTONE, SD -

The president and chief executive officer of a Canadian company planning to explore for gold in the Keystone area says that with sound exploration and proper techniques, the company could unearth another Homestake Mine.

Nelson Baker says he hopes the gold ore reserves waiting to be explored by Mineral Mountain Resources Ltd., in the Keystone area could rival those of Homestake's past.

Prior to its closure as an operating mine in January 2002, the Homestake Gold Mine was the oldest, largest and deepest gold mine in the Western Hemisphere.

Baker spoke Friday night during a public meeting in Keystone. Questions ranged from whether the company would buy and hire locally to how a gold operation might affect traffic patterns, tourism and groundwater supplies.

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