Special Report: Resolution believes it is on the right track at its 64North project with the first partial hole intersecting the same host rocks at Northern Star’s producing Pogo gold mine in Alaska.

The first hole, on the edge of the Aurora Creek Prospect, was drilled because it was the closest to the all-year access road and was designed to test structural and geophysical signatures as an orientation to the project geology. However drilling at the subsequent, higher quality targets was interrupted due to a combination of Covid-19 and the spring thaw. It is scheduled to restart in the second half of May.

Resolution Minerals (ASX:RML) noted the assays indicated that the rock type, quartz veining, alteration and pathfinder minerals such as arsenic and bismuth supports the presence of sulphide mineralisation typical of a Pogo-style mineral system.

The 64North Project is adjacent to Northern Star Resources’ (ASX:NST) high-grade Pogo mine that has produced 4 million ounces of gold over the past 13 years and the more recent Goodpaster discovery.

 

Goodpaster is considered to be a continuation of the main Pogo mineralised trend and remains open in all directions.

Notably, recent exploration success by Northern Star has been carried out just 450m from the boundary of Resolution’s tenement.

READ: Junior explorer Resolution is now drilling for Alaska’s next 10moz gold discovery

Section line showing the initial hole and the next planned hole at the Aurora prospect in Alaska
Section line showing the initial hole and the next planned hole at the Aurora prospect in Alaska Pic: Supplied

 

“These assays increase our confidence that we are drilling in the right neighbourhood and confirm a Pogo-style mineral system is present at Resolution’s Aurora prospect,” managing director Duncan Chessell said.

“The large 2km x 5km scale potential of the target is compelling and we look forward to drilling across more areas of the target zone in the coming summer season and testing our highest priority drill targets.

“Our next task is to vector in on the zones that contain higher grade gold.”

Resolution – formerly Northern Cobalt – reached a deal to acquire up to 80 per cent of the 64North project last year from Milrock Resources.

Milrock had quietly been acquiring the prospective and sparsely explored ground surrounding the Pogo mine lease while its larger neighbour was still getting around production issues at Pogo.

NOW READ: Barry FitzGerald: This $12m gold play is in the same region as the big boys but is undervalued

This story was developed in collaboration with Resolution Minerals, a Stockhead advertiser at the time of publishing. This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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