DRILLING COMMENCED AT REFLECTION PROSPECT, 64NORTH

A Field Geologist's view of the Reflections Prospect taken a few days before drilling started on Hole #20RE06.

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“The Reflection Prospect drill target is a very exciting target, which we interpret as a structural repeat of the Pogo trend and is only a mile along strike from the neighbouring Goodpaster Prospect, which is about to see a $21m resource drill out”.

Managing Director, Duncan Chessell

 

Executive Summary

  • Drilling has commenced on the Reflection Prospect immediately adjacent Northern Star’s (ASX: NST) Goodpaster Prospect and Pogo Gold Mine. Hole 20RE06 will test a target zone from 220m to 600m interpreted to be a potential repeat of the Liese Zone at the Pogo Mine

  • The Goodpaster Prospect is the focus of A$21m resource delineation program by NST

  • Echo Prospect hole 20EC05 was completed to a depth of 321m with the intersection of altered country rock confirming the CSAMT geophysical interpretation, assays expected late September

  • Further road accessible drilling is planned at the 2km x 5km Aurora Prospect after completion of the current helicopter supported drilling on the Reflection Prospect

  • Field work is underway during the current Alaskan summer field season to finalise drill targets at the Boundary and E1 Prospects, results and planned program to be announced in September

  • Fully funded exploration on multiple drilling targets with news flow for the remainder of 2020 after recent $5.1m placement and SPP

 

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Resolution Minerals is pleased to announce that the third phase of drilling for 2020 is well underway at the compelling West Pogo Block adjacent to Northern Star’s Pogo Gold Mine, Alaska. Using a helicopter supported diamond core drill rig Hole ID: 20EC05 was completed on 19 August 2020 to a depth of 321m. The hole intersected strong alteration zones as predicted by the CSAMT geophysics survey. Detailed logging is underway and samples for this hole will be submitted for assay and reported separately. Assays are expected to be returned in late September.

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The Drill rig in action at the Reflections Prospect. 

Reflection Prospect (Drill hole ID: 20RE06)

The current hole ID: 20RE06 is designed to test a west dipping conductive unit at 220m to 550m depth which mirrors the dip of mineralisation on the Pogo Mine and Goodpaster Prospect. The drill hole is only 1.6km NW from the Goodpaster Prospect which will be the focus of a $21m resource delineation program for FY2021 announced by Northern Star. Resolution interprets that the Goodpaster Prospect mineralisation may continue to the NW onto RML’s claims at the Reflection Prospect, but is expected to be significantly deeper than the conductive unit targeted by this drill hole (20EC06 - see figures 2 and 3). Resolution’s technical team has combined with Millrock Resources (TSXV:MRO) (64North Project vendor and partner) geologists and using CSAMT (2019) and new ZTEM geophysics data believe the west dipping conductive unit targeted by this hole is potentially a repeat of the greater Pogo trend from east to west (figure 2). Technical team member Gabe Graf was responsible for the Goodpaster Discovery when it was held by Sumitomo and strongly supports the drilling of this target.

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