Total
0
Shares
Resolution Minerals’ (ASX:RML) survey work highlights targets at Boundary
  • Resolution Minerals (RML) has announced results from a geophysical survey conducted at the Boundary prospect, which is part of the 64North Project in Alaska
  • A controlled source audio-frequency magnetotelluric survey aimed to confirm that historic gold intersections could be detected using that method
  • The survey also targeted potential extensions to gold mineralisation for drilling over the next few months
  • Pleasingly, Resolution identified a large anomaly at depth and a 2.2-kilometre-by-1.5-kilometre target
  • Resolution followed this up with mapping and sampling work with assays expected next month
  • Company shares last traded nearly four per cent higher at 5.3 cents

Resolution Minerals (RML) has announced results from a ground-based geophysical survey conducted at the Boundary prospect within the Pogo Trend.

The Pogo Trend is situated within the 64North Project in Alaska. The trend contains Northern Star Resources' (NST) 10-million ounce Pogo gold mine and Goodpaster prospect, as well as Tectonic Metals' Tibbs project.

Historic surface geochemistry at Boundary includes a broad gold soil anomaly of more than 100 parts per billion, which is marked by multiple high-grade rock chips grading up to 24.85g/t gold.

The main aim of the survey was to confirm historic mineralised drill intersections could be detected using the controlled source audio-frequency magnetotelluric (CSAMT) method. The second aim was to determine potential extensions to gold mineralisation for drilling over the next few months.

Pleasingly, the survey work identified an anomaly at depth beneath a historical drill hole. The large anomaly extends and shallows to the west.

The CSAMT survey also defined a second target over a large 2.2-kilometre-by-1.5-kilometre, northwest-trending, gently northeast-dipping anomaly that lies less than 900 metres to the southwest.

The anomaly appears to neighbour multiple CSAMT lines, with the top of the anomaly expressing a depth range from 0 to 500 metres.

"Identification of new drill targets and extensions of historic prospects using modern geophysics demonstrates the Camp Scale potential for the region and how highly prospective and underexplored the 64North Project remains," Managing Director Duncan Chessell said.

Survey results were followed up with detailed structural mapping and surface geochemical sampling that focused on areas for potential anomalies.

Assay results are expected in October and will be combined with CSAMT results and structural mapping to refine drilling targets.

Company shares last traded 3.92 per cent higher for 5.3 cents at 12:51 pm AEST.


Subscribe


RML by the numbers
More From The Market Herald
Perpetual Resources (ASX:PEC) - Executive Chairman, Julian Babarczy - The Market Herald

" Perpetual Resources (ASX:PEC) raises $2M for Beharra Silica Sands project

Silica sands explorer Perpetual Resources (PEC) has completed a heavily oversubscribed $2 million placement as sand prices rise off the back of worldwide
Aurelia Metals (ASX:AMI) doubles gold production at Peak and Hera

" Aurelia Metals (ASX:AMI) reports steady quarter with bank balance growth

High-grade gold and base metals producer Aurelia Metals (AMI) has updated the market on its financial results for the first quarter of the
Maca (ASX:MLD) - Operations Director, Geoff Baker - The Market Herald

" Fenix Resources (ASX:FEX) awards Maca (ASX:MLD) $185M Iron Ridge contract

Mining and civil services contractor Maca (MLD) has been awarded a contract for Fenix Resources’ (FEX) Iron Ridge Project in Western Australia.
Dart Mining (ASX:DTM) - Managing Director & Chairman, James Chirnside - The Market Herald

" Dart Mining (ASX:DTM) extends gold at Fairley’s, Buckland Project

Dart Mining (DTM) has received strong results from rotary air blast (RAB) drilling at the Fairley’s prospect at its Buckland Gold Project in