Operations Update: Drilling Complete At Reflection Prospect, 64North Project, Alaska

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Summary Operations:

• Reflection Prospect hole ID: 20RE06 was completed to a depth of 553m. The hole was designed to test a target zone (from 300 to 550m) interpreted to be a potential repeat of the Liese Zone at the Pogo Mine and is adjacent to Northern Star’s (NST) Goodpaster Prospect. Logging, core cutting and sampling for submission is underway with assays to be reported when available.

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

• Drilling has commenced on hole ID: 20AU07 at the 2km x 5km Aurora Prospect, the hole is designed to test the different structural zone on the central-northern edge of the Aurora prospect, proximal to the diorite and coincides with conductive rocks identified by the recent ZTEM geophysics survey. The Aurora Prospect is road accessible which allows for year-round drilling.

• Assays from Aurora drill holes 20AU03 and 20AU04 are planned to be released next week, when available from the laboratory. The delay from the laboratory is due to a mechanical issue which has been resolved in addition to increased gold exploration demand for gold (fire) assays.

• Fully funded exploration on multiple drilling targets with news flow for the remainder of 2020 after the 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 (ASX:NST) 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 and hole ID: 20RE06 was completed to a depth of 553m on 1 September. Drilling production rates have improved throughout the year and high-quality structural data has been collected from orientated HQ core. The structural information will be crucial in unlocking the structural controls on mineralisation and will be combined with assay data when it becomes available to enhance drill targeting. Detailed logging is underway and samples for these two holes will be submitted for assay and reported individually. Due to a surge in gold exploration in North America, we are experiencing longer time frames on return of assays from laboratories and are taking steps to minimise time frames as best possible.


Hole ID: 20AU07 – Aurora Prospect

A track mounted diamond core drilling rig has commenced the third and final diamond core hole for this phase of drilling at current hole ID:20AU07 at the Aurora Prospect. The hole is designed to a depth of 600m and will test a NE trending structural zone, positioned along strike from the Goodpaster Prospect. The hole is located on the central-northern edge of the Aurora prospect, proximal to an outcropping diorite intrusive and coincident with conductive rocks identified by the ZTEM geophysics survey. The Aurora Prospect is road accessible, which allows for year-round drilling.

Corporate Update – change to corporate office phone number

The Company also advises of a change to its corporate office contact details. In accordance with Listing Rule 3.14, the Company’s telephone number has changed as of 3 September 2020. The Company’s new telephone number is: +61 8 6118 7110.

 

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WATCH a field geologists view of the Reflection Prospect (filmed during preparations for drilling HoleD: 20RE06.)