Resolution about to start drilling in Alaska in its hunt for the next ‘Pogo’
Link copied to
Special Report: Resolution is on the cusp of resuming drilling at its 64North project in Alaska in its goal of finding the next ‘Pogo’.
Resolution Minerals (ASX:RML) has already revealed evidence of a “Pogo-style, intrusion related gold system” at 64North, which it acquired in late 2019.
Pogo is Northern Star’s (ASX:NST) big 10-million-ounce mine located right next door.
Shareholders will be keenly awaiting the results. Shares edged up over 8 per cent today to an intra-day high of 6.6c.
Maiden drilling at the compelling 2km by 5km Aurora gold target has confirmed that Resolution is in tier 1 territory.
The company is now mobilising a rig to site for 2200m of diamond core drilling to continue through June and July.
Drilling at the Aurora Prospect will initially focus on “high priority” hole A6, which is located immediately north of an earlier drill hole that identified 11 zones of gold mineralisation from near surface to the base of the hole at 462m.
Resolution also plans to fly geophysical surveys in June to define new drill targets on the Echo Prospect, collect comparison data over the Echo and Aurora prospects and enhance drill targeting on the Aurora prospect.
Resolution is also collecting data across Northern Star’s neighbouring Goodpaster prospect to allow for direct comparison with potential targets on the 64North ground.
Rock chip sampling will also be undertaking along Resolution’s new drill access road, across the Anglo Trench and Aurora prospects.