Maiden Exploration Program To Commence At RML's Horse Heaven Gold-Antimony Project

Antimony Ridge.1200px. extended

 

READ THE FULL ASX RELEASE

 

SUMMARY

Work will begin immediately following final preparations at Resolution’s Horse Heaven Project. Located directly adjacent to the NASDAQ-listed Perpetua Resources Corp (PPTA.NAS) $2 billion Stibnite Gold Mine, the planned exploration is designed to fast track the generation of high priority targets for drill testing.

HIGHLIGHTS
  • Resolution Minerals to commence its maiden exploration program at the Horse Heaven Antimony-Gold-Silver-Tungsten Project in Idaho, USA this month.
  • The key objective of the upcoming exploration program is to determine the true extent of the surface mineralisation at both the Golden Gate and Antimony Hill Fault Zones, which remain open ended. In the process, the Company intends generating targets for its first phase drilling.
  • The program will also target highly-prospective historic anomalies and aim to determine extensions of previously-identified mineralisation that can be incorporated into future exploration plans. 
  • RML aims to significantly expand its resource base at Horse Heaven through the application of modern exploration technologies including a combination of deeper RC and diamond core drilling, soil geochemistry and selective geophysical techniques to define additional drill targets at Horse Heaven. 
  • The U.S. currently has no domestic antimony production and is 100% reliant on imports, making Horse Heaven strategically very well positioned to potentially address the long-term antimony supply shortage if progressed through to production.
  • Antimony was produced at Horse Heaven during World War I and World War II, highlighting the Project’s strategic significance as a potential source of military-grade antimony during periods of global conflict. 
  • Tungsten was produced and milled sporadically at Horse Heaven from the 1950’s to the 1980’s.
  • RML has commenced U.S. government engagement to explore potential access to various federal programs and incentives to fast-track permitting approvals and U.S. Department of Defence funding grants for Horse Heaven.
  • U.S. OTC listing is progressing well, and further updates will be provided imminently.

 

READ THE FULL ASX RELEASE