Resolution Minerals Ltd's CEO Craig Lindsay earlier this week provided an update on the company's acquisition of the Horse Heaven project in Idaho, USA.
Highlights
- Resolution Minerals is acquiring 100% of the Horse Heaven project in Idaho.
- The site is adjacent to Perpetua Resources, which plans to produce 450,000oz of gold and meet up to 35% of US antimony needs.
- The 57 sq km project benefits from nearby infrastructure, including a power line and road to Knight Mine.
- Horse Heaven has historically produced tungsten, antimony, and gold.
- Shallow historical drilling has shown strong gold mineralisation but hasn’t tested deeper sulphide zones.
- Rock chip sampling has returned silver up to 400g/t and antimony up to 19%.
- A 20-hole, 6,000m drill program is planned for this year, with results expected in the US Autumn.
- The company sees potential for Horse Heaven to become a transformational asset, particularly given US demand for critical metals.
Strategic and infrastructure advantages
The Horse Heaven project covers 57 square kilometres and lies adjacent to Perpetua Resources, which is expected to produce 450,000 ounces of gold per year and supply up to 35% of the United States' antimony requirements.
Resolution noted that this proximity offers both strategic and infrastructure advantages, including a high-voltage power line and road network that cross its property.
Strong results
The company told investors that the Horse Heaven project has historically produced tungsten, antimony, and gold on a small scale. Recent drilling efforts have targeted shallow oxide gold mineralisation, with three highlighted results from the Golden Gate target: 36 metres at 1.5 grams per tonne, 71 metres at 1.4 grams per tonne, and 60 metres at over 1 gram per tonne.
It also reported high-grade rock chip samples, with silver reaching nearly 400 grams per tonne and antimony grades up to 19%. Resolution said previous drilling did not test for antimony or tungsten and that future drilling would target sulfide zones where stronger grades may be found.
A 6,000-metre, 20-hole drill program is planned for later this year.
The company highlighted the potential for the project to be “transformational,” citing increased US government support for critical metal projects.