RML’s flagship Horse Heaven project is proving to be both an analogue and major geological extension of its 6Moz neighbour just 5km away – the Stibnite mine, which is currently being developed by US$3 billion market cap Perpetua Resources (NASDAQ: PPTA).
RML’s first assay from its 20-hole, 5,490m drilling campaign proved to be a major discovery hole at the Golden Gate Prospect, hitting 189.2m at 1.30 g/t Au from 34m, including 12.9m at 2.32 g/t Au from 94.4m and 70.8m at 2.24 g/t Au from 128.8m. The hole ended in mineralisation and proved sulfide. Golden Gate has a historical resource of 216koz at 0.93g/t Au, and has also produced over 2,000t of tungsten oxide that graded between 1.5-2% W.
Horse Heaven’s other prospect, Antimony Ridge, has historical production of over 1,000t of antimony that graded an astounding 45% Sb, and a recent raft of insanely high-grade rock chips up to 49.8% Sb, 1,420 g/t Ag and 3.12 g/t Au, as well as grab samples up to 10.35% Sb, 68.5 g/t Ag and 4.43 g/t Au.
RML just raised $27 million through Oakley Capital Partners and Roth Capital Partners, which included investments from John Hancock’s Family Office, Astrotricha Capital SEZC, Tribeca Investment Partners and Next Investors.
Read our latest coverage on RML
- 13,700m Drilling Commenced, FAST-41 Designation, Imminent Nasdaq Listing and $20M Placement Sets Up Perfect Catalyst Environment for RMLA 13,700m diamond drilling campaign will test the large-scale gold and high-grade tungsten prospects at Resolution Minerals’ (ASX: RML) Horse Heaven project, with 45 holes set to follow up on outstanding assays such as 253m at 1.5g/t Au from surface and 197.5m at 1.26g/t from 34m for expansion and infill resource drilling at Golden Gate,… Read more: 13,700m Drilling Commenced, FAST-41 Designation, Imminent Nasdaq Listing and $20M Placement Sets Up Perfect Catalyst Environment for RML
- Incredibly High Grade Tungsten at RML’s Stockpile & Mill as US Launches Urgent Development Funding for Domestic MinesA highly strategic processing plant and ore stockpile acquisition, combined with an aggressive drilling campaign, has Resolution Minerals (ASX: RML) on track to become a domestic tungsten producer, while it also advances the continued testing of its massive gold targets next to the neighbouring 6Moz Stibnite mine – which is just 5km away and owned… Read more: Incredibly High Grade Tungsten at RML’s Stockpile & Mill as US Launches Urgent Development Funding for Domestic Mines
- Major Gold Discovery at RML’s American Gold and Antimony Project, Next Door to US$3B PPTAA truly incredible intercept of 189.2m at 1.30 g/t Au from 34m, including 12.9m at 2.32 g/t Au from 94.4m and 70.8m at 2.24 g/t Au from 128.8m, at Resolution Minerals’ (ASX: RML) flagship Horse Heaven project in Idaho has demonstrated both grades and continuity of mineralisation that are excitingly similar it’s neighbouring 6Moz Stibnite… Read more: Major Gold Discovery at RML’s American Gold and Antimony Project, Next Door to US$3B PPTA