- Resolution Minerals (RML) commences drilling at East Progo Gold, located within the 64North Project in Alaska
- The 2000-metre drilling program is testing high-grade gold targets at the prospects
- Drilling is expected to take about three weeks to complete with assay results expected at the end of July
- On the market, Resolution is up 4.35 per cent and is trading at 2.4 cents per share
Resolution Minerals (RML) has commenced drilling at its East Pogo Gold Prospect, within the 64North Project in Alaska.
The company is undertaking 2000-metre reverse circulation drilling program to test high-grade gold targets.
The gold targets were found over 20 months of fieldwork, reviews, surveys and planning.
Drilling is expected to take about three weeks to complete with assay results expected at the end of July.
East Pogo is located on the Pogo Trend, located between the 11-million-ounce Pogo Gold Mine and the Tibbs Discovery.
"We have been working systematically on our flagship 64North Project for almost two years and built a strong understanding of the local geology," Managing Director Duncan Chessell.
"Our geology team has deployed cutting-edge geophysics, reviewed all historic works and conducted multiple drilling campaigns to better refine our targeting methodology.
"The East-Pogo Prospect has emerged as the best prospect to deliver high-grade gold or Pogo-style results, near-surface. Now with the summer field season upon us, rigs turning on compelling targets and the gold price rising we are very excited to see the results of this program."
On the market, Resolution is up 4.35 per cent and is trading at 2.4 cents per share at 3:28 pm AEST.