Resolution Minerals Ltd (ASX: RML): 45-Hole Drilling Campaign Targets Major Expansion at Golden Gate
Resolution Minerals is accelerating exploration at its flagship Horse Heaven Project in Idaho, launching a large-scale 13,700m Phase 2 drilling program aimed at defining a potentially district-scale gold system with multi-commodity upside.
The campaign marks a significant step toward a maiden JORC resource, building on strong Phase 1 results that confirmed widespread mineralisation from surface and open in all directions.
Up to 45 diamond drill holes planned (~13,700m program)
Two rigs deployed with drilling set to commence May 2026
Strong Phase 1 results including:
Mineralisation remains open at depth and along strike
Targeting Golden Gate North & South expansion
π Multi-Commodity Upside
Gold-dominant system with additional exposure to:
Antimony (Sb) β critical defence metal
Tungsten (W) β strategic industrial metal
Tungsten intercepts already confirmed:
21m @ 0.06% W (incl. 8m @ 0.14%)
π£οΈ Management Commentary
Craig Lindsay, CEO of US Operations, highlighted that all Phase 1 holes intersected mineralisation, confirming a large continuous gold system, with the upcoming program focused on defining its full scale and advancing toward a maiden resource.
Aggressive drilling across North & South zones
Step-out and deeper drilling to expand mineralisation
Metallurgical work and permitting activities underway
Targeting JORC Resource Estimate by Q1 2027
π Market Snapshot
π° Share Price: $0.050
π§’ Market Cap: ~$104.8M
Resolution Minerals is entering a high-impact phase with continuous newsflow expected from a fully funded drilling campaign. With strong existing intercepts, multi-commodity exposure, and a clear pathway to resource definition, the next phase of drilling could be a key catalyst for re-rating.
π Read more: https://colitco.com/resolution-minerals-expansion-major-45-hole-campaign/
β οΈ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.