Resolution Minerals Ltd (ASX:RML, OTC:RLMLF) last week shared plans to begin exploration at the Horse Heaven Gold, Antimony, Silver, and Tungsten Project in Idaho, USA. Resolution Minerals CEO of US Operations Craig Lindsay talked with Proactive about the company’s upcoming maiden exploration program.
Highlights
- Resolution Minerals is commencing exploration at the Horse Heaven Project in Idaho.
- Initial work includes soil sampling and mapping at three targets: Antimony Ridge, Golden Gate, and V2 Creek.
- Horse Heaven covers over 55 square kilometres; current targets occupy a small area.
- The US currently lacks domestic antimony production and relies entirely on imports.
- Lindsay highlighted US legislative support via a proposed USD 2.5 billion investment in critical minerals.
- Drilling program of 20 holes (20,000 feet) is set to begin in August.
- Results from assays are expected later in the year and early next year.
- The company is evaluating additional growth opportunities in North America and Australia.
- The board has shown strong support by funding exploration ahead of the formal transaction completion.
Three targets
Resolution Minerals' initial work will focus on soil sampling and mapping at three targets—Antimony Ridge, Golden Gate, and V2 Creek. These targets make up only a small portion of the 55-square-kilometre project area.
The company told investors that a drill program is scheduled to start in August. It will include 20 holes and cover a total of 20,000 feet. Results from this work are expected to begin flowing later in the year and continue into early next year.
Antimony supply
Lindsay also highlighted that the US currently has no domestic antimony production and relies entirely on imports. It also pointed to a proposed US$2.50 billion federal investment aimed at advancing critical minerals projects as a positive signal for its operations.
He said the Horse Heaven project is still at a greenfield stage. It noted that further drilling is required to define additional gold and initial antimony and tungsten resources.
Resolution is reviewing other growth opportunities in North America and Australia. It said the board had already approved capital spending on Horse Heaven even before the formal transaction was completed.