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- Resolution Minerals (RML) will begin drilling in early March at the Aurora targets in Alaska after securing Northern Star’s contractor, Ruen Drilling
- This maiden program will test the eastern Aurora targets close to the boundary that Resolution shares with Northern Star
- Drilling will take one month to complete and once completed assays will be sent to a laboratory in batches for a four week process period
- After a recent $4.5 million capital raise, Resolution is now well funded to complete multiple drilling programs
- Resolution has ended the day 7.04 per cent in the green with shares trading for 7.6 cents apiece
Resolution Minerals (RML) will begin drilling in early March at the Aurora targets after securing Northern Star’s (NST) contractor, Ruen Drilling.
The Aurora targets form part of the 64North Gold project which Resolution has entered a binding term sheet with Millrock Resources to earn up to 80 per cent.
64North lies within the Tintina gold province in Alaska which hosts more that 100 million ounces in gold.
The maiden program will test the eastern Aurora targets close to the boundary that Resolution shares with Northern Star.
These targets have significant geophysical characteristics in both the magnetic and CSAMT (controlled-source audio-frequency magnetotellurics) signatures to Northern Star’s Goodpaster Discovery and the Pogo Gold Mine.
“Our immediate aim is to drill test for Pogo Style mineralisation on a series of look-a-like size and geophysical features to NST’s Goodpaster Discovery and Pogo Gold Mine,” Managing Director Duncan Chessell commented.
“We are pleased to have secured Ruen Drilling for our maiden drilling program given their local experience of drilling conditions from neighbours Northern Star’s Goodpaster Discovery,” he added.
Drilling is planned to begin in early March and will take a month and once completed, assays will be sent to a laboratory in batches for a four week process period.
Ruen Drilling will drill the initial 4-5 hole drilling program on the high priority eastern Aurora and while this is happening Resolution will continue to assess the 660 square kilometre project to build a pipeline of drill ready prospects.
After a recent $4.5 million capital raise, Resolution is now well funded to complete multiple drilling programs.
Resolution has ended the day 7.04 per cent in the green with shares trading for 7.6 cents apiece in a $11.63 million market cap.
