INTEREST EARNED IN 64NORTH PROJECT, ALASKA
Summary
• Resolution has earnt a 30% interest in the 64North Project by successfully completing the Stage 1 expenditure requirements and issuing 10m shares and US$50k cash to Millrock (Vendor)
• Multiple compelling shallow drill targets identified during extensive groundwork in Stage 1
• Multiple compelling shallow drill targets identified during extensive groundwork in Stage 1
• RAB drilling can commence in March on the outcropping gold mineralised Sunrise Prospect
• RML can earn up to a 60% on the entire project and a 80% interest on a single “best block”
• RML holds a first right of refusal over the Millrock interest and can elect to form a JV at any stage
• RML is now the Operator, removing the 8% management fee paid during Stage 1
• RML is now the Operator, removing the 8% management fee paid during Stage 1
"The opportunity for Resolution shareholders to secure the ground completely surrounding the operating world-class high-grade Pogo Gold Mine, was created (in 2019) by a unique set of circumstances that a junior is rarely able to grab. The solid work and extensive new data sets collected in 2020 has set RML up to test multiple highly prospective large scale gold drill targets at the 64North Project in Alaska this year. The focus of drilling for 2021 will be the recently identified compelling 50-150m depth high-grade East Pogo Block targets and the road-side outcropping Fort Knox style gold system at the Sunrise Prospect. As operator of the project we look to continue to deliver more shots on goal in 2021, benefiting from a stronger AUD$ and extensive groundwork completed to be drill ready on multiple targets using cost effective RAB drilling."
- Managing Director, Duncan Chessell
