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Mining

Resolution Minerals starts three-hole RC program to step out from Golden Gate gold discovery

Resolution Minerals Ltd (ASX:RML, OTC:RLMLF) has begun a three-hole reverse circulation (RC) drill program at the Golden Gate Prospect to rapidly test the strike, width and depth extents of gold mineralisation identified in recent discovery diamond holes. Results will be reported as they are received.

Key points

  • Three RC holes (≈2,789 ft / 850 m total) now underway at Golden Gate.
  • Program targets extensions to mineralisation intersected in maiden diamond holes HH-GG25-001C, -002C and -003C.
  • All three discovery holes ended in mineralisation, supporting a large, open intrusion-related gold system ~6 km from the Stibnite Gold–Antimony mine.
  • RC campaign aims to deliver fast, cost-effective footprint growth ahead of a larger 50-hole program currently in permitting.
  • No new pads required; drilling proceeds under the existing permit.
  • Assay results will be released progressively, alongside remaining Phase 1 batches.

Horse Heaven Project location map, highlighting the location of the two current major antimony-gold-silver-tungsten targets, the Golden Gate Target (where the Phase 1 Core Drilling Program was conducted) and the Antimony Ridge Target. Also highlighted is the fully-permitted Stibnite Gold Project, which is only 6km east of Horse Heaven. Note: Coordinates are UTM metres north and east metric system, not latitude/longitude.

“The first three diamond core holes at Golden Gate all intersected broad, continuous gold mineralisation from surface and each of them ended in mineralisation. That is a standout results for a maiden program and confirms Gold Gate as a new gold discovery in a highly prospective and strategically important US critical minerals district.

'By bringing an RC rig onsite now, we are able to rapidly and cost-effectively step out from the discovery zone to begin defining the scale of the system. The aim of this program is simple, to extend the mineralised footprint and set up the platform for our much larger 50-hole follow-up drill program.

"With drilling now underway, remaining core assays to come, and project-wide exploration continuing, we are positioned for strong and sustained newsflow as we advance Golden Gate.”

Photo of the RC drill rig on site at Golden Gate.

Program detail

The RC step-out work follows up on discovery core holes located in the northern third of the Golden Gate Prospect area. Hole designs are intended to probe both along-strike and across-strike, as well as down-dip continuity:

  • DS18-4 – tests the northern strike and western width extensions of HH-GG25-001C and HH-GG25-002C, and the western width extension of HH-GG25-003C. Planned depth: 984 ft (300 m).
  • DS16-3 – targets down-dip (depth) continuity, the western width extension and the southern strike extension of HH-GG25-001C and HH-GG25-002C. Planned depth: 820 ft (250 m).
  • DS19-2 – tests the southern strike extension of HH-GG25-003C. Planned depth: 984 ft (300 m).

Drill parameters of the RC Program holes.

Rationale and next steps

RML is using RC to accelerate follow-up on the discovery while controlling costs. By stepping out from intersections that persisted to end-of-hole in the three diamond holes, the company aims to quickly expand the mineralised footprint and better define priority targets for the pending 50-hole campaign.

All drilling is being conducted from existing platforms within the current permit area. The company expects ongoing newsflow as RC assays are returned, which will be reported in sequence together with any remaining Phase 1 assay batches.

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