Resolution Mining (ASX:RML) will be leaning on “strong historical data” from its recently acquired Horsen Heaven Atimony-Gold-Silver-Tungsten Project when exploration mapping and sampling starts in Idaho this month.
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The Antimony Ridge Fault Zone stretches 1.2 kilometres in strike length and hosts known Au-Sb-Ag-W mineralisation, while the Golden Gate Fault Zone runs 3.5 kilometres and hosts known disseminated gold mineralisation.
Golden Gate especially has been touted as a juicy target; the prospect received the lion’s share of original drilling, but most was “shallow and still of a preliminary nature,” setting Resolution up well. Exploration at the fault zone has already been well-received, too, returning significant gold.
Holders have been waiting for Resolution to crack dirt and rock at Horse Heaven since the Australian explorer got its hands on the Idaho project in June.
The buzzword then “drill-ready targets” amid the sale – and now RML’s looking to prove it by capitalising on the target area’s “strong historical production legacy.”
To that end, Horsen Heaven exploration will begin “imminently,” with extensive mapping and sampling at the Golden Gate first on the agenda.
Identifying extensions of potential mineralisation to both the north and south of the project’s historical drill sites is also a top objective; so too more mapping and sampling at Antimony Creek to “expand geologic knowledge.”
Vibeka Creek rounds out the target areas in this July search, the company says.
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“This maiden exploration program represents a key step forward in progressing our flagship U.S.-focused critical metals development strategy,” Resolution’s CEO elect Craig Lindsey declared as work gets underway.
“Horse Heaven… is well-located adjacent to the US$2.2 billion Stibnite Mine development and represents significant blue-sky potential for investors.”
RML heads into Thursday trade at 5.3cps, up as much as +341% this year.
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Isaac McIntyre
The Market Online
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