All holes are positive with 960m of drilling completed in 14 days.
First four holes in maiden drilling program are encouraging for gold and tungsten at the Golden Gate Target at Resolution Minerals’ Horse Heaven Gold-Antimony-Tungsten-Silver Project in Idaho, U.S.A.
Visual mineralisation in the form of the tungsten ore mineral scheelite was identified in the first three drill holes (100% of the logged holes).
Fifth hole underway of planned Phase 1 drill program of up to 12 holes.
HIGHLIGHTS
- Resolution Minerals Ltd (“RML” or the “Company”) is encouraged by initial results of its maiden Diamond Core Drill Program (“Drill Program” or “Program”) being conducted at the Golden Gate Target (“Golden Gate”) within the Horse Heaven Gold-Antimony-Tungsten-Silver Project in Idaho USA (“Horse Heaven”).
- To date, the Company has completed four holes for 960 metres of a planned, 3,000 metre Phase 1 drill program of up to twelve holes.
- Host rock mineral textures observed in the drill core are very similar to that observed at the adjacent Perpetua Resources’ Stibnite Gold Project, including presence of quartz veins associated with fine grain sulphides, according to RML’s local technical experts.
- Scheelite, a tungsten ore mineral, has been visually identified in core in the first three holes, drillholes HHGG25-001, HHGG25-002 and HHGG25-003, using an ultraviolet lamp; the fourth hole has not been logged.
- The key objective of the Phase 1 drill program at Horse Heaven is to confirm historical shallow drilling results and expand the mineralised footprint at Golden Gate. Assays for antimony and tungsten, not performed in prior historical drilling, will be a part of anticipated results together with confirming prior gold and silver assays
