Resolution Minerals hits 253m of gold at Horse Heaven - ICYMI
MTIMTI(US:MTX) Proactiveinvestors NA·2025-11-07 07:13

Core Insights - Resolution Minerals Ltd has reported a significant drill intercept at the Golden Gate target, part of its Horse Heaven gold project in the United States, indicating promising gold mineralization [1][2] Drill Results - The latest drill hole returned 253 metres at 1.5 grams per tonne (g/t) gold, with a higher-grade zone of 120 metres at 2.3 g/t [2] - This intercept is mineralized from surface to end-of-hole and remains open-ended at the bottom, marking the third result from an ongoing ten-hole drilling program [3][7] - Previous intercepts included 189 metres at 1.3 g/t and 250 metres at 0.6 g/t gold [3][8] Drilling Program Expansion - In response to the positive results, the company has mobilized a second drill rig to the site, planning to target an additional five holes, equivalent to 5,000 feet of extra drilling [3][9] - The company is fully funded for this expanded drilling program, having recently raised USD 25 million, followed by an additional USD 2 million placement [4][10] Market Position and Future Plans - Resolution Minerals is advancing plans to list on Nasdaq, with increasing liquidity on the OTCQB market in the United States, which is expected to attract more US-based investors [4][11] - The company has received positive feedback and strong liquidity, indicating a growing interest in its operations [11]