Resolution Minerals Ltd (ASX:RML, OTC:RLMLF) earlier this week announced high-grade surface sampling results from the Antimony Ridge target within its Horse Heaven Project in Idaho, USA. US CEO Craig Lindsay talked with Proactive about the standout results.
Highlights
Resolution Minerals Ltd has announced surface sample results of:
- Up to 60% antimony
- 1,420g/t silver
- 3g/t gold
Previous highs at the project included:
- 90% antimony, 360g/t silver, and 5g/t gold
Commodity prices have risen significantly:
- Gold at US$3,600/oz
- Silver at US$42/oz
- Antimony at US$35,000/tonne, up from US$10,000 two years ago
Lindsay noted the combination of high grades and high prices increases project value
Horse Heaven is a 14,000-acre project with active targets including Antimony Ridge and Golden Gate
First six holes at Golden Gate are already complete
Investors can expect:
- Drill results over the next 6 weeks to 3 months
- Ongoing soil sampling data
- Metallurgical testing updates
- New plan of operations for expanded exploration
Strong commodity prices and increasing confidence
Grades that included 60.0% antimony, 1,420g/t silver and 3g/t gold were obtained through soil and rock chip sampling. The company highlighted that past results from the same area included up to 90.0% antimony, 360g/t silver and 5g/t gold. Resolution said the new data strengthens the geological model and increases confidence in the project's potential.
Resolution noted the strength of commodity prices as a key factor. It told investors that gold is currently priced at US$3,600 per ounce, silver at US$42 per ounce, and antimony at US$35,000 per tonne. The company said this represents a significant increase for antimony, which was priced at US$10,000 per tonne just two years ago.
Exploration continues
The company said exploration continues across the broader 14,000-acre project, which includes the Golden Gate and Antimony Ridge targets. It said the first six drill holes at Golden Gate have been completed.
Looking ahead, the company said it expects to deliver drill results over the next two to three months. It also confirmed soil sampling and metallurgical testing are ongoing. A new plan of operations for expanded exploration is also being prepared.