Resolution Minerals doubles drill programme at Horse Heaven and expands land
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An in-depth ASX small-cap update on Resolution Minerals (RML.ASX). James Whelan chats with Craig Lindsay, Head of US Operations, about the expansion of the Horse Heaven drill programme and the strategic land package now under control. The video breaks down what changed, why it matters, and what investors should watch next as the company eyes a maiden resource.
What we cover: - Expanded land package: around 59 square kilometres after adding ~600 acres near the southern end, adjacent to the Stibnite district and its active financing backdrop. - Drill programme expansion: the plan extends drilling into October, switching from core to RC drilling to roughly double the footage and accelerate knowledge of the Golden Gate target. - QA/QC and cost dynamics: core provides structural detail, RC offers lower cost and higher footage; the plan combines both to map the structure along Golden Gate. - Golden Gate mineralisation: ongoing gold dominance with tungsten potential at the northern end, plus an antimony anomaly parallel to the fault zone. - Assay timing and catalysts: eight holes drilled, three samples submitted to ALS with a four-to-six week turnaround; potential maiden resource next year. - Near-term catalysts: RC results, stream sediment results around a buried intrusion, metallurgical test work, and a refreshed financing position. - Operational context: strong relationships with the town of Yellow Pine and the US Forest Service underpin the extended drill season and broader project progress.
Why this matters for shareholders: The combination of an expanded land package and a longer drill window could accelerate the path to a maiden resource while preserving optionality on tungsten and antimony signals at Golden Gate. Management views the extended season as a way to generate more data with a more efficient RC phase later in the year, helping to de-risk the project and bolster the funding runway.
If you enjoyed this update and want more ASX small-cap analysis and the latest on Resolution Minerals, hit subscribe and turn on notifications so you don’t miss the maiden resource data as it’s released.
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