AGREEMENT TO ACQUIRE MAJOR DRILL-READY ANTIMONY-GOLD-TUNGSTEN PROJECT IN STIBNITE MINING DISTRICT, IDAHO, USA

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The Horse Heaven Project, directly adjacent to the Perpetua Resources Corp. (PPTA.NAS) Stibnite Gold Mine, has strong Antimony, Gold, Silver and Tungsten mineralisation in two highly prospective structurally controlled mineralised corridors, and includes past-production of Antimony, Tungsten and artisanal Gold.

“The Board considers that the acquisition of the Horse Heaven Project has the potential to be a transformative event for RML. As many governments around the world look to onshore their supply of critical minerals, such as antimony and tungsten, we have secured a commanding ground position with known antimony occurrences and next to what is likely to become the largest antimony producer in the USA.

RML’s entry into US critical minerals comes at a terrific time, with the market attributing huge premiums to ASX-listed companies operating in the space over the last 8 weeks, such as Dateline Resources (DTR), Trigg Minerals (TMG) and Locksley Resources (LKY) which have all seen significant re-ratings in recent weeks, thanks to the supportive pro-mining policies of new President Donald Trump.”

- Executive Director, Aharon Zaetz

 

 HIGHLIGHTS 
  • Resolution Minerals Ltd (ASX:RML) has entered into a binding agreement to acquire the Horse Heaven Antimony-Gold-Silver-Tungsten Project (“Horse Heaven” or “Project”), located in the historical Stibnite Mining District of Valley County, central Idaho.
  • Horse Heaven shares its eastern boundary with NASDAQ-listed Perpetua Resources’ Stibnite Gold- Antimony Project (PPTA.NAS ~A$2bn market cap).
  • Horse Heaven hosts two highly prospective Gold- Antimony-Tungsten prospects known as the Antimony Ridge Fault Zone (“ARFZ”) and the Golden Gate Fault Zone (“GGFZ”).
  • Drill-ready targets; drilling planned to start in 2025
  • The Antimony Ridge Fault Zone has an approximate
    strike length of 1.2 km and hosts known gold    –antimony–
    silver-tungsten mineralisation associated with hydrothermally altered and sheared granodiorite.
  • The Golden Gate Fault Zone has an approximate strike length of 3.5km and hosts the Golden Gate Hill target. It hosts known disseminated gold mineralisation, like Antimony Ridge Fault Zone, associated with hydrothermally altered and sheared granodiorite.
  • Tungsten was produced from Golden Gate Hill between the 1950’s and 1980’s.
  • Results from past systematic sampling and preliminary drilling at both prospects are highly encouraging, indicating large tonnage mining potential.
  • Historical, non-JORC gold resource of 216,000 ounces of gold in 7,256,800 tons of material at a grade of 0.93g/t at Golden Gate Hill, and gold resource of 70,000 ounces of gold in 3,174,850 tons of material at a grade of 0.69g/t at Antimony Hill are noted in previous reports of Horse Heaven.

 

  • Past rock chip results at Horse Heaven (Antimony Ridge) include:
    • Rock chip sample 329003 with 3.68g/t gold, 303g/t silver and 2.72% antimony over 4m.
    • Rock chip sample 329014 with 1.33g/t gold, 367g/t silver and 13.75% antimony over 1m.
    • Rock chip sample 329015 with 4.65g/t gold, 70.5g/t silver and 19.15% antimony over 1m.
    • Rock chip sample 329085 with 3.21g/t gold, 178g/t silver and 0.37% antimony over 3m.
    • Rock chip sample 329089 with 5.99g/t gold, 246g/t silver and 0.71% antimony over 1m.

 

  • Past drilling results at Horse Heaven include drill intersections of:

    • Drill hole 87-GGR-31: 85.34m @ 0.937g/t Au (true width unknown), including 38.10m @ 1.459g/t Au.

    • Drill hole 86-GGR-10: 105.16m @ 0.787g/t Au (true width unknown); including 51.82m @ 0.990g/t Au.

    • Drill hole 86-GGR-01: 30.48m @ 1.354g/t Au (true width unknown).

 

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