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Resolution Minerals (ASX:RML) has fired up the drill rigs hunting for critically needed metals antimony and tungsten on-site at its U.S.-based Horse Heaven project in Idaho; the driver of much conviction in the stock for some traders.
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This content has been prepared as part of a partnership with Resolution Minerals Ltd and is intended for informational purposes only.
Right next door lies acreage owned by A$3 billion capped Nasdaq-listed Perpetua Resources Corp, which is a U.S. mine for gold and stibnite – the host mineral for antimony.
Geotechs working for Resolution also have their eyes on potential mineral systems for silver and tungsten, making Horse Heaven a bona fide polymetals project. It’s been of enough interest to solicit takeover queries in its infancy.
The first phase of drilling on-site will cover 3,000 metres worth of diamond rig drilling with a target depth of 300 metres per hole.
There is also potential to double the size of the drill run, should RML see fit.
Drilling will aim to verify historic data collected from Horse Heaven in the mid-20th century, when it was last assessed for antimony mineralisation and aim, naturally, to find areas of deposit that former drillers did not.
Should the company hit gold (metaphorically more than literally in this case), it could be a boon: The U.S. doesn’t produce any of its own antimony.
RML last traded at 5cps.
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