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Resolution Minerals (ASX:RML) wraps up first drilling at Sunrise prospect

Mining
ASX:RML      MCAP $4.025M
15 April 2021 16:40 (AEST)

Source: Resolution Minerals

Resolution Minerals (RML) has wrapped up a drilling program at the Sunrise gold prospect which lies within the 64North Project in Alaska.

Importantly, this drilling program marks the first undertaken at Sunrise after the prospect was discovered through a trenching program in 2020.

The Sunrise prospect is also located less than five kilometres from Northern Star Resources’ (NSR) multi-million-ounce Pogo gold mine.

The program included 27 rotary air blast holes, which aimed to test outcropping mineralisation for the potential of large-scale gold mineralisation.

“If the drilling program at Sunrise proves successful in identifying this style of gold mineralisation it also opens up other look-alike prospects across the 64North Project and demonstrates the potential for this underexplored region to host multiple gold mines,” Managing Director Duncan Chessell said.

Resolution has sent the samples off for assaying and results are expected in the next four weeks. If the results turn out to be pleasing, the company will consider a reverse circulation and diamond drilling program.

Next month, the company will begin drilling at the East Pogo prospects for Pogo-style mineralisation.

Company shares are up 3.85 per cent and are trading at 2.7 cents at market close.

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