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Resolution Minerals (ASX:RML) has issued a trading halt on Friday to be lifted no later than Tuesday relating to an announcement disclosing “significant exploration results” – which has HotCopper users wondering what the company’s got to show next week.
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More than one user was hopeful the company is sitting on news it may or may not have hit tungsten mineralisation at its Horse Heaven antimony-gold project, should that be the case, it could be the catalyst for upside some momentum-loving Resolution investors could be hoping for.
We know that the company hit high-grade gold at its Golden Gate target of interest, part of the Horse Heaven project, earlier this month. In September, the company reported results from a target called Antimony Ridge suggested to geotechs the mineralised boundary envelope for the project could be a “much larger opportunity.”
The company’s latest quarterly report outlined that the company had spotted visible tungsten in the first 3 of 10 diamond drill holes recently sunk and pointed towards the potential for tungsten mineralisation, another high-demand and high-value metal used in tech and defence, which would obviously harmonise with Resolution’s overall plans for a US antimony supply.
“Visible scheelite tungsten identified in first three drill holes at Golden Gate, confirming mineralisation potential alongside gold and antimony,” Resolution wrote in its latest quarterly (Oct 31), giving longer-term-memory-blessed users excitement RML may unveil tungsten assays by Tuesday.
“Assay results from initial holes, including multielement analysis for Au, Ag, Sb and W, are expected in the December quarter and will be included in the December quarterly report. The successful identification of scheelite across multiple holes provides early validation of the Project’s polymetallic potential and underpins RML’s strategy to define a maiden resource in 2026.”
RML last traded at 6.9cps.
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