Resolution Minerals builds on new gold discovery with step-out drilling at Golden Gate

• Follow-up RC drilling to target strike, width and depth extensions of gold hits
• All three discovery holes ended in mineralisation, confirming large intrusive-related gold system mirroring adjacent $4 billion Stibnite Project
• New Golden Gate discovery sits just 6km from the Stibnite gold-antimony mine

Special Report: A reverse circulation (RC) rig is mobilising to drill three more holes at the new Golden Gate target after all three discovery holes ended in gold mineralisation.

Resolution Minerals (ASX:RML) is keen to define the boundaries of the Horse Heaven project’s new gold discovery, and will look to determine how far the gold mineralisation extends laterally, as well as along strike and at depth.

Last week RML reported an impressive downhole interval of 253m @ 1.5 g/t Au from surface, which included 111.9m @ 2.31 g/t Au from their third hole. This followed similarly impressive results from holes 1 and 2.

CEO of US operations Craig Lindsay said the standout results from the maiden drilling program confirms Golden Gate as a new gold discovery in a highly prospective and strategically important US critical minerals district.

“By bringing an RC rig onsite now, we are able to rapidly and cost-effectively step out from the discovery zone to begin defining the scale of the system,” he said.

“The aim of this program is simple, to extend the mineralised footprint and set up the platform for our much larger 50-hole follow-up drill program.

“With drilling now underway, remaining core assays to come, and project wide exploration continuing, we are positioned for strong and sustained news flow as we advance Golden Gate.”

Close proximity to Stibnite gold-antimony mine

The Horse Heaven project sits within the US state of Idaho, just 6km to the west of the fully permitted Stibnite gold project, home to the Stibnite gold-antimony mine owned by the $4 billion Perpetua Resources Inc (PPTA.NAS).

Antimony has become a hot commodity of late after China restricted exports of the defence- and advance-technology-critical mineral.

The US Department of Defense and Export-Import Bank have provided millions of dollars in finance and valuable supply contracts to companies targeting domestic US antimony production, clear evidence of the minerals’ strategic importance to the US.

RML’s latest drilling program has been carefully targeted to investigate the scale of the new Golden Gate discovery.

The first hole will target a northern strike and western width extension of the previous diamond-drilled holes, down to 300m of depth.

The second will hit depth extensions, western width extensions and southern strike extensions, down to 250m.

The final hole will investigate any extensions to the south as well, again down to 300m of depth.

Resolution expects to release drilling results progressively as they become available, alongside remaining assays from the Phase 1 batch of drilling.

This article was developed in collaboration with Resolution Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.