Regional Exploration Results, 64North Project

WATCH Exploration Manager Christine Lawley discuss the highlights of the regional exploration program.

Highlights

  • Shallow gold target identified within the proximal zone of an Intrusion-Related Gold System (IRGS) at East Pogo, Miranda Prospect, during 2022 regional work

  • New Independent Geological Review (IGR) ranked the East Pogo Prospects as the highest priority targets on the 64North Project area

  • The IGR further recommended a detailed field-based structural assessment of Tourmaline Ridge and West Pogo Block prior to follow-up drilling

    • 2022 drill results of up to 6.7g/t Au at Tourmaline Ridge

  • Resolution has engaged globally renowned structural geologist Dr David Selley to verify the current interpretations through on-ground structural mapping this field season

  • Structural mapping will be completed over prospects at East Pogo, West Pogo and Divide, in combination with further surface geochemistry and geophysics

  • Structural mapping will direct follow-up drilling at Tourmaline Ridge and East Pogo, undertaken as a single, large, cost-effective campaign based on results

  • The Company now holds a majority 51% interest in the 64North gold project in Alaska and is in the process of forming a JV with Millrock Resources (project vendor), with all future exploration to be undertaken on a co-funding basis with RML as operator

 

 

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"Resolution’s East Pogo Prospects are positioned on the mineralised east-west Pogo gold trend between the 12M oz gold-endowed Pogo Gold Mine and high-grade gold intersections on the neighbouring Tibbs Project.

Previous explorers drilled six holes between 2000 and 2007 following up a strong gold-bismuth-tellurium surface geochemical anomaly without geophysics at the East Pogo Prospect. They intersected up to 35g/t Au in narrow veins but were not able to put this into the context of a larger mineral system in the absence of any ground geophysics surveys.

Resolution has a significant advantage over the previous explorers having collected ZTEM, CSAMT and ELFEM geophysical datasets over multiple seasons, since commencing work on the 64North Project in 2019. The survey results support the presence of a stacked, thick, blind, flat lying shear package, beneath the demonstrated historical gold intersections. Furthermore, mapping and shallow RC drilling during 2021 by Resolution confirmed the presence of the shear package, coinciding with the geophysics further to the west, albeit distal to the gold occurrence.

The exploration work-up completed by Resolution over a 3 year’ period demonstrates the geology, geophysics and geochemistry at the East Pogo Prospects support the presence of a mineralised shear package at moderate depth, giving Resolution the conviction to continue working up the targets with structural mapping."

- RML Exploration Manager Christine Lawley