What is the story about?
What's Happening?
Resolution Minerals Ltd has announced exceptional rockchip and soil assay results from the Antimony Ridge target, part of its Horse Heaven Gold-Antimony-Silver-Tungsten Project in Idaho. The rockchip samples revealed grades up to 49.8% antimony, 1,420 g/t silver, and 3.12 g/t gold, marking the highest recorded at Horse Heaven. Soil sampling defined a broad mineralized corridor, expanding the mineralized footprint and identifying additional parallel zones. Historical trenches and drilling have confirmed significant mineralization, with past results showing up to 5.9 g/t gold, 19% antimony, and 367 g/t silver.
Why It's Important?
The discovery of high-grade mineralization at Antimony Ridge is crucial for Resolution Minerals as it enhances the project's potential as a significant source of antimony, gold, silver, and tungsten. High-grade antimony is particularly valuable due to its limited processing requirements, making it sought after in the market. This development could attract investment and boost the local economy in Idaho, while also contributing to the U.S. supply of critical minerals. The findings may also influence the company's strategic decisions and exploration efforts in the region.
What's Next?
Resolution Minerals plans to advance additional rockchip, mapping, and bulk sampling programs at Antimony Ridge, followed by a Phase 1 drilling campaign. Concurrently, the company is conducting Phase 1 drilling at the Golden Gate target, with assay results from the initial holes pending. These steps are aimed at further delineating the mineralized zones and assessing the project's full potential. The company may also seek partnerships or funding to support its exploration and development activities.
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