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Resolution Minerals Further Advances Transition from Critical Minerals Explorer to Developer

Resolution Minerals (ASX: RML) announced the discovery of new gold occurrences and the appointment of key consultants in the three months to end December, as it continues its transition from critical minerals explorer to developer.

The company identified significant new mineralisation during maiden diamond drilling at the Golden Gate prospect, confirming the Golden Gate North intrusion-related gold system (IRGS) discovery and delivering best results of 253 metres at 1.50 grams per tonne gold from surface including 111.9m at 2.31g/t from 130.5m and 18.3m at 3.98g/t from 149.4m, with the highest result of 5.91g/t gold over a downhole width of 1.5m.

Other highlights were 265.2m at 0.60g/t gold from surface including 89.9m at 1.15g/t from 121.9m, and 240.8m at 0.64g/t gold from surface to end-of-hole including 61.6m at 0.98g/t from 40.5m and 35.8m at 0.83g/t from 119.5m.

At the end of the quarter, Golden Gate North remained open in all directions.

Resolution has since completed a shallow, three-hole reverse circulation drilling program to test for northern, southern, and western strike extensions and follow-up on diamond work in the northern third of the prospect area.

Remington Capital Acquisition

Resolution secured the purchase during the period of Canadian company Remington Capital Corporation, which has an option to acquire the Johnson Creek tungsten-antimony mill, camp and other assets near its Horse Heaven project in Idaho.

The acquisition includes approximately 2,000 tonnes of tungsten ore across the Northern and Southern stockpiles from Resolution’s past-producing Golden Gate mine.

An old mill originally designed to process antimony and tungsten was also part of the transaction.

The camp comprises 10 acres of private land including a storage shed, along with electricity and water rights, and is well-located to support the company’s exploration and processing activities.

Ambitious Metallurgical Program

Resolution engaged Canada’s Kingston Process Metallurgy (KPM) to deliver critical ore characterisation and concentration test work on high-grade antimony samples from pits and trenches within Antimony Ridge.

The ambitious metallurgical program will see samples sent to labs in Canada and Australia for multi-element analytical characterisation to quantify antimony content and confirm impurity screening, mineralogical analysis including texture and liberation studies, and the assessment of optimal antimony processing pathways.

KPM will also conduct pyrometallurgical support test work to produce samples of antimony trioxide and metal from the high-grade concentrate and provide definition around recovery and purity of antimony products via conventional processing.

Resolution has engaged the minerals department at the Australian Nuclear Science and Technology Organisation (ANSTO) to deliver hydrometallurgical test work on Antimony Ridge high-grade samples and support the development of an integrated antimony recovery flowsheet.

The work conducted by KPM and ANSTO will form the basis of a simplified options study on Antimony Ridge samples and will allow Resolution to make an informed decision on the project’s ideal processing route.

Source: SmallCaps