64North Project, ALASKA
Watch a 90sec Explainer and get the headlines of the 64North Project.
The 64North Project is a gold project in big country with big potential. It is situated in the heart of the Tintina gold belt which stretches from the Yukon in Canada to the Alaskan Coast. The 64North project is right next door to, and completely surrounds, Northern Star’s Pogo Gold Mine, which has produced over 4M ounces of gold at 300,000 ounces of gold per year at an impressive 13.6g/t Au and has a total endowment of over 11 million ounces.
Since signing an agreement with Millrock Resources in late 2019, to acquire a 60% interest over 4 years with a conditional pathway for up to 80% interest of the 64North Project, RML has completed 5000m of diamond core drilling across 9 holes at the Aurora, Reflection and Echo Prospects on the West Pogo Block, as well as laid the foundations for future exploration with an extensive regional program of rock-chipping, trenching and high-tech geophysical surveys.
In 2021 we will be using the new data we have collected to expand our exploration activities right across the project. This year will see a particular focus on the East Pogo Block, the E1 Prospect, and the recently identified Sunrise Prospect.
THE KEY PROSPECTS
EAST POGO BLOCK
By combining new airborne geophysical surveys, surface mapping and geochemistry surveys, with historic drilling intercepts of up to 35g/t Au, Resolution has defined shallow, potentially high-grade targets at the Boundary Prospect and additional large scale, high priority targets to the south and south-west of the East Pogo Block. These targets lie on the Pogo Trend that stretches from Northern Star's Pogo Gold Mine to the west through to Tectonic's recent Tibbs Gold discovery in the east. In December 2020, encouraged by the early results from our regional program, Resolution added 19 new State of Alaska Mining Claims expanding the footprint of the East Pogo Block.
An initial 2,000m program of shallow Pogo style drill targets has been planned for the summer 2021 season.
WEST POGO BLOCK
Since commencing exploration on the West Pogo Block Resolution has conducted 5,000m of intensive drill testing on the road and heli-accessible West Pogo prospects along-strike from Northern Star’s Pogo Gold Mine intersecting multiple ‘pogo-style' quartz veins. Our team is now undertaking a review of all the structural data from the orientated core and geophysics data sets collected to determine the next steps for the Aurora, Echo and Reflection Prospects and how this knowledge can be applied to future targets across the 64North project.
In 2021 Resolution's focus will turn to the recently identified Sunrise Prospect. The mineralisation falls within a broad 1100m x 400m, historic soil anomaly adjacent to drill hole AGGP-1 which returned results of up to 5.26g/t Au. Trenching completed during the 2020 field season returned elevated gold across the entire 137m cutting. This suggests the presence of an outcropping Fort Knox style (intrusion hosted) gold system. The results included 27m @ 0.53g/t Au and a maximum 1m interval of @ 1.89g/t Au. The Fort Knox gold mine is one of Alaska’s most profitable mines and is located at the nearby city of Fairbanks. Fort Knox currently produces 200k oz Au/year from a 2.8M oz Au reserve & resource grading 0.3g/t Au using a cut off grade of only 0.1g/t Au.
The gold mineralisation at the Sunrise Prospect is interpreted to be derived from a large-scale granite that extends 1km southwards. It is poorly exposed, with only partial coverage by surface geochemistry and untested by drilling. Road-side shallow RAB drilling on an initial 25 hole, 3000m program will test the large-scale potential and is planned to commence in March 2021.
During the 2020 summer Resolution built a 20km access trail from the Pogo Mine Road south to the E1 Prospect so that we could begin drill testing the huge 10 sq km anomalous surface geochemical footprint with historic drilling results of up to 14g/t Au.
Results from the early field work completed at E1 is encouraging with 716m of trenches across highest priority structures intersecting numerous gold mineralised zones of up to 0.56 g/t Au. These zones are consistent with a typical Fort Knox style mineral system that is suggested by the anomalous surface geochemical footprint.
Follow up field work is scheduled for summer 2021.