Adelaide, Australia – Resolution Minerals Ltd (ASX:RML; OTCQB:RLMLF) is pleased to announce that pleased to report encouraging early results from its maiden diamond core drilling program at the Golden Gate Target within the Horse Heaven Gold-Antimony-Tungsten-Silver Project in Idaho, USA.
The Company has completed the first four holes (960 metres) of a planned 3,000-metre Phase 1 program of up to 12 holes. Notably, scheelite – a tungsten ore mineral – has been visually identified in the first three drill holes under ultraviolet light, with host rock textures and vein systems comparable to those seen at the neighbouring Stibnite Gold Project operated by Perpetua Resources Corp. (PPTA.NAS, A$3 billion market cap).
Highlights
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960 metres drilled across four holes in just 14 days, with a fifth hole underway.
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Visual scheelite identified in all three logged drill holes, confirming potential tungsten mineralisation.
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Host rock textures closely resemble mineralisation at the adjacent world-class Stibnite Gold Project.
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Phase 1 program designed to validate historical drilling and expand the mineralised footprint at Golden Gate.
Resolution’s CEO of U.S. Operations, Craig Lindsay, said:
“The drilling is more encouraging than initially expected, with alteration textures similar to the adjoining Stibnite mine and visible tungsten as scheelite in all logged holes to date. Initial assay results are eagerly awaited, not just for gold and silver, but for tungsten as well which had not been assayed for in this area, despite previous workings.
What is also exciting is that this target is only a postage stamp size in a much larger project.”
Assays for gold, silver, antimony, and tungsten are pending, with first results expected within six to eight weeks. To accelerate progress, the Company is considering the addition of a second drill rig to complete the Phase 1 program by early October.
The Golden Gate Target represents only a small portion of the broader Horse Heaven Project, which hosts significant potential across multiple commodities.
ENDS
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About Resolution Minerals
Resolution Minerals Ltd (ASX:RML) is a resource company engaged in the acquisition, exploration and development of precious, battery and strategic metals such as antimony, gold, copper, and uranium.
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Jane Morgan
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M: +61 405 555 618
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