Resolution Minerals spies the right Stibnite signs in its own private Idaho project

• Resolution Minerals’ first phase drilling shows early signs of similarities to a major $3 billion gold-antimony neighbour
• Previously unchecked tungsten also confirmed to be present
• Assays keenly awaited as RML looks to expand its mineralised presence

Special Report: Resolution Minerals has been buoyed by the early signs from a first phase drilling campaign into its Horse Heaven gold-antimony-tungsten project in the US state of Idaho.

While assays are still a bit away yet, the observation of very similar textures to that of the neighbouring $3 billion Stibnite gold project and the visual confirmation in two cores of tungsten in scheelite is a very encouraging early return for Resolution Minerals (ASX:RML) The adjacent Perpetua Resources project is touted as holding the largest known antimony resource in the US alongside a top 10 gold deposit, and local technical experts have told RML that the core textures suggest a kinship at its own project.

And tungsten, an element past produced in the area but unassayed for in any recent work, has now been confirmed by way of UV light to indeed be present at Horse Heaven.

Resolution CEO of US operations Craig Lindsay said that the drilling had already proven more encouraging than first expected.

“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,” Lindsay said.

“What is also exciting is that this target is only a postage stamp size in a much larger project.”

But that postage stamp is at least a little bigger for now, with the mineralised footprint of the Golden Gate target now expanded to 3.0 by 0.5km wide from recent rock chip sampling.

Horse Heaven out of the slips

Though drill approvals can often be a strain stateside, Resolution received the all clear for a 3000m, nine-to-ten-hole diamond drill campaign to test mineralisation trends at depth and along strike of the project’s Golden Gate target.

The beginning of the campaign itself was enough to return a nice 26% share price bump last month, with RML apparently not alone in reckoning that a $3bn market-capped neighbour might have some similarities on its own side of the fence.

The program’s key objective is to confirm historic shallow drilling and expand Golden Gate’s mineralised footprint, with assays for previously-unincluded antimony and tungsten now keenly awaited alongside the return of gold and silver.

Resolution is now getting started on its fourth hole, with almost 750m of drilling already in the books.

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.