Resolution Minerals reports 500m gold zone at Golden Gate North
Three new holes support mineralisation to at least 300 metres depth, with more than 32 holes still awaiting complete assays.
Mara Quinlan
Resolution Minerals Ltd ASXRML NASDAQRML reported on Sunday a 324-metre interval grading 0.49 grams per tonne gold from surface at Golden Gate North in Idaho. The three-hole batch supports a mineralised zone at least 500 metres long and 200 metres wide.
Shares rose 6.5 per cent to A$0.033 on the ASX at 10:33 a.m. AEDT on Monday, according to ASXRML.
The Oct. 25 announcement says the results extend mineralisation down dip of the previous season's discovery holes to at least 300 metres depth. Resolution is an explorer that owns the Horse Heaven gold, antimony, tungsten and silver project in Idaho outright.
The completed 2026 program comprised 42 diamond core holes totalling 12,236 metres, according to the company's release distributed through Medianet. Assays remain incomplete for more than 32 holes drilled across the Golden Gate North and Golden Gate South prospects, while the next drilling program is planned for 2027.
The June-quarter report outlined a drilling plan of up to 13,700 metres across up to 45 holes for the 2026 season.
The announcement's highlights assign the longest intercept to hole HH-GG26-032C. The detailed text reverses that hole's headline result with HH-GG26-031C, leaving the attribution inconsistent within the document.
The highlights also report a surface-starting interval of 322 metres at 0.37 grams per tonne gold. Hole HH-GG26-039C returned 134.2 metres at 0.40 grams per tonne from surface.
Higher-grade intervals include 8.7 metres at 1.05 grams per tonne gold, starting 62.5 metres downhole. All reported assay intervals are downhole lengths measured along the drill holes and do not necessarily represent true widths.
The company says mineralisation remains open in both directions and at depth. Earlier gold-in-soil sampling suggests potential beyond the drilled zone, including a further 500 metres north, but those soil anomalies do not establish another drilled extension.
Golden Gate South lies about 2 kilometres south of the northern prospect. Resolution says the soil anomaly indicates a potential extension between the two zones, which the planned corridor drilling will test.
Read more: Gold Strike Resources reports 400m at 0.53 g/t gold at Florin
"The assay results continue to strengthen a major zone of gold mineralisation at Golden Gate North," Craig Lindsay, chief executive of U.S. operations, said in the release.
Initial tungsten assays are also awaited, alongside further gold results from both prospects. Permitting work for Golden Gate and Antimony Ridge includes field studies being completed for the Environmental Assessment process.
Resolution's planned 2027 drilling will test the 2,000-metre corridor between Golden Gate North and South, northern extensions and infill targets.
