Resolution Minerals Ltd (ASX:RML) Launches Maiden Exploration Program at Horse Heaven Project
Exploration Program Initiation
Resolution Minerals Ltd has announced the commencement of its maiden exploration program at the Horse Heaven Antimony-Gold-Silver-Tungsten Project in Idaho, USA. The program is set to begin immediately following final preparations and aims to fast-track the generation of high priority drill targets.
Project Acquisition and Preparations
The Company has entered into a binding agreement to acquire the Horse Heaven Project, located adjacent to the NASDAQ-listed Perpetua Resources Corp’s Stibnite Gold Mine. Resolution Minerals is investing funds in preparatory exploration activities ahead of completing the acquisition, anticipated in late July 2025, following shareholder approval. This early preparation allows drilling to commence in August.
Strategic Significance
Horse Heaven has historical production of antimony, gold, silver, and tungsten, underscoring its strategic importance, especially for antimony, for which the US has no domestic production and relies entirely on imports. Resolution Minerals is engaging with the U.S. government to access permits and potential funding grants.
Planned Exploration Activities
The exploration program will focus on mapping and sampling to determine the extent of surface mineralisation at the Golden Gate and Antimony Hill Fault Zones. The Company intends to utilise modern exploration technologies, including deeper RC and diamond core drilling, soil geochemistry, and selective geophysical techniques to define additional drill targets.
Executive Comments
Craig Lindsay, Resolution Minerals CEO elect of U.S. Operations, commented: “This maiden exploration program represents a key step forward in progressing our flagship U.S.-focused critical metals development strategy. The Horse Heaven Project boasts a strong historical production legacy, is well-located adjacent to the US$2.2B Stibnite Mine development and represents significant blue-sky potential for investors. Our fieldwork will focus on confirming historical data, assessing the location and state of previous workings, and gaining insight into the broader geological footprint, which is analogous to Perpetua’s Stibnite Project.”
OTC Listing Progress
Resolution Minerals’ U.S. OTC listing is progressing well, with further updates to be provided imminently.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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