Antimony Trisulfide
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Resolution expands Horse Heaven gold discovery - ICYMI
Proactiveinvestors NAยท 2025-12-05 07:31
Core Insights - Resolution Minerals Ltd has released promising assay results from its initial drilling program at the Horse Heaven project in Idaho, confirming extensive gold mineralization and planning for an expanded drilling campaign in 2026 [1][6] Drilling Results - The latest results are from six diamond drill holes totaling 1,600 meters at the Golden Gate target, which spans approximately 3 kilometers, with only 20% of its strike length tested [1][12] - Drilling has identified 600 meters of strike, 200 meters in width, and 300 meters in vertical extent, all mineralized, indicating an intrusive-related gold system [2][12] Project Comparison - The Golden Gate structure is geologically similar to the nearby Stibnite gold project, which is being developed by Perpetua Resources and is expected to become a major U.S. gold producer [2][3] Infrastructure and Location - The Horse Heaven project benefits from infrastructure upgrades related to the Stibnite project, including a new access road and power transmission line that cross its tenements [3][16] - Resolution Minerals has a 100% interest in the Horse Heaven project, which spans 15,000 acres and is strategically located next to the Stibnite project [8][9] Future Plans - The company has completed 10 core holes in 2025, with results from four holes pending, and plans to drill an additional 45 holes in 2026, with funding secured from recent capital raises [4][14] - The Antimony Ridge target, a past-producing mine, is also being advanced, with samples sent to a Canadian laboratory for military-grade antimony trisulfide production [4][15] Government Support and Strategic Position - Resolution is in discussions with the U.S. Department of Defense regarding potential funding to meet strategic stockpile targets, with reported antimony grades up to 50% [5][18] - The current market conditions for gold and antimony are favorable, positioning the company well for future developments [19]