ALASKA OPERATIONS UPDATE – 64NORTH PROJECT
Resolution Minerals advises that, assay results from the trenching program at the Tourmaline Ridge Prospect at the 64North Project are now expected in early 2022.
Resolution remains confident that the assays results will be available in time to prepare for the 2022 field season.
The reason for the delay to the Tourmaline Ridge Prospect assays is two-fold;
1. massive increase in exploration activities in North America have swamped the laboratories, and
2. an ill-timed cyber-attack has necessitated our service provider to revert to a paper-based system and this has slowed the processing of samples considerably - no impact on data accuracy and integrity.
Resolution’s service provider for assays is globally well renowned Bureau Veritas (BV) with 1600 offices worldwide, established in 1828. BV is exercising considerable caution to maintain its excellent reputation. BV announced on 2 December 2021 (see press release) that 80% of its world-wide systems were back up and running (not Alaska) and that no data breach has occurred. Resolution is also assured and confident that while slow to process, progress is being made and the final data will be accurate. BV has not been able to give Resolution a time line for results at this stage.
The company will advise the market of results as soon as results are available.
Upon receipt of assay results, Resolution will provide exploration plans for the 64North Project for 2022. The Project is prospective for gold and Cu-Mo porphyry mineral systems. The Company remains confident in the prospectivity of the 64North Project. Many highly prospective targets remain untested or require follow up - East Pogo, Elaine, Aurora and Tourmaline Ridge Prospects - to name just a few.
The Company thanks all shareholders for support in 2021 and looks forward to an exciting and positive 2022 with compelling projects in battery metals and gold in Australia and Alaska.