SUNRISE PROSPECT ASSAY RESULTS CONFIRM FORT KNOX STYLE MINERALISATION

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Highlights:

• Assays results - Sunrise Prospect shallow RAB drilling received – significantly thick intervals include:
  • Hole: 21SU007
    • 36.6m @ 0.33 g/t Au from surface,

      • including 1.5m @ 1.42 g/t Au from 1.5m; and 1.5m @ 2.60 g/t Au from 9.1m.

    • Hole: 21SU009
      • 74.7m @ 0.26 g/t Au (entire hole) from surface,

        • including 1.5m @ 1.77 g/t Au from 12.2m; and 1.5m @ 1.02 g/t Au from 48.8m. 

• Results confirm the presence of thick intervals of Fort Knox style mineralisation in a 280m wide gold mineralised corridor open at depth and to the north and south. The host granite intrusion is interpreted to extend more than 1km to the south of the recently completed RAB drilling. 

• Fort Knox is one of Alaska’s most profitable operating gold mines producing 237k oz Au in 2020 from a Resource and Reserve of grade 0.3 g/t Au (kinross.com annual report).
• Other potential Fort Knox style intrusive targets have now been recognised near the Pogo Mine road, proximal to the Sunrise Prospect. Ground appraisal of the Sunrise Prospect and surrounding prospects will commence in late May. Further drilling, trenching and geophysics are under consideration. 
• The road accessible Sunrise Prospect is located at Resolution’s flagship 64North Project Alaska, 4km from the operating world-class Pogo Gold Mine.
• 2,000m RC helicopter supported drilling program on the East Pogo Prospect will commence early June, testing compelling high grade Pogo-style gold targets identified in 2020 field programs.
• Australian exploration ongoing targeting copper and base metals in the NT (drilling mid-year).

Resolution Minerals is pleased to announce significantly thick gold mineralisation results from the recent Sunrise Prospect RAB drill holes at the Company’s 64North Project in Alaska under an earn-in arrangement with project partner Millrock Resources (TSXV: MRO).

Assay results have been received for all 27 holes from the Sunrise RAB drill program testing a 1400m east-west fence line of holes across the Sunrise Prospect to assess the scale and grade. The drilling identified a zone of thick gold mineralisation approximately 280m wide, open at depth and open to the north & south. Follow up “boots on ground” geology to commence shortly to identify potential further drilling targets and/or geophysics program(s).

Resolution’s Sunrise Prospect drilling results confirming the Fort Knox style of mineralisation has cast a new light on the 64North Project. It has highlighted the potential for the district to host multiple deposits of not only high grade Pogo-style, but the more classic Alaskan giant-size low-grade intrusion hosted Fort Knox style.

The current drill program only tested of the northern edge of the granite intrusion and we are now considering the best way to approach follow up drilling and/or trenching and geophysics across this large target area, as well as prioritising the sampling of multiple interpreted Fort Knox systems nearby that are very encouraging in light of these results. Fortunately, the Pogo Mine Road allows year-round access to these targets.

While we are planning the next move at the Sunrise prospect, our team in the field will make use the Alaskan summer todrill test the highest ranked prospect at the 64North Project – the East Pogo high-grade gold targets in June.

- Managing Director – Duncan Chessell

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