HIGH GRADE ANTIMONY AND ANTIMONY-GOLD PROJECTS ACQUIRED
Resolution Minerals Ltd (ASX: RML) is pleased to announce that it has entered into a Binding Agreement for the acquisition of three highly prospective antimony-gold, antimony, and gold- copper exploration projects, comprising four tenements totalling approximately 194 square kilometres in area.
These include:
- Drake East Antimony-GoldProject(NSW)
- Neardie Antimony Project(QLD)
- Spur South Gold-Copper Project (NSW)
These acquisitions represent exceptional value and strategic exposure to antimony and gold.
The Drake East Antimony-Gold Project hosts high-grade antimony (Sb), high-grade gold (Au) and high-grade silver (Ag) mineralisation including peak values of:
- 5.72%Sb (Ball&Smith’sMineNSWGSSample#G00/363)
- 60.9g/tAu (PineGullyProspect–MalachiteResourcesNL1998Presentation)
- 214 g/t Ag
Theantimony occurrences cover a large area with a strike length of over 15km. The project also hosts a placer gold deposit that has a non-JORC compliant Mineral Resource. Alluvial gold mineralisation occurs over a 750m x 100m area
The Neardie Project, which includes 3 past producing antimony mines, hosts very high-grade antimony mineralisation including peak values of 19.5% Sb
Spur South, located within the highly mineralised Macquarie Arc region in NSW, hosts a large magnetic anomaly of a scale and potential similar to magnetic signatures of mineralised systems in the near vicinity
“The acquisitions are largely through the issue of share capital and represent an exceptional exploration opportunity for the Company and value for the shareholders” says RML’s Executive Director, Aharon Zaetz.
