공지 • Feb 25
Resolution Minerals Limited Announces Positive Trenching Results Identify Pogo-Style Drill Targets
Resolution Minerals Ltd. announced the first results from the Tourmaline Ridge trenching program completed in September 2021. On 24 December 2021 the Company advised the market of considerable delays to assays results due to a cyber hack of service provider Bureau Veritas (BV), and the return to a slow paper-based processing system. They have disclosed all results available, ~34% of the samples submitted in September 2021, and have no indication from BV of a timeline for the remaining assays. Positively, geology team has seen enough new assay results in conjunction with a detailed review and update to the 3D geological model, to upgrade the TR Prospect to a Priority One drill target and commence logistics planning for drilling this summer. They will update the market when the remaining trench results are received. Resolution has also undertaken a detailed regional review of the 64North Project, ranking all prospects and has derived drill targets in order of priority 1 to 4. The Company intends to focus its efforts on the Priority One drill targets at the Tourmaline Ridge (TR) prospect which has a high probability of success and all-year-access via existing roads allowing lowest drilling costs to maximise shareholder value. If the East Pogo drill targets identified by the 2021 RC drill program, were road accessible, they would have ranked equivalent or second only to the TR targets. Results of the full project review are described below in more detail and highlight the potential of the 64North Project to host multiple gold deposits with drilling targets ranked in order of priority. Divide Block Cu-Mo-Au Porphyry Detailed Review Results: A separate release will be made to the market shortly, with the results of a detailed technical review of the separate Divide Block with prospects Elaine, George and Kramer. In April, team will undertake a ten-day ELF-EM surface geophysics program to sharpen up the interpreted depths of the NW dipping shear zone - potential Pogo-style target and identify the best location for drill holes to minimize the depth of drilling to intersect the target on the Goodpaster-Aurora-Tourmaline Ridge trend. Current interpretation warrants a ~2,000m 4-hole diamond core drill program at The Tourmaline Ridge Prospect in summer 2022. They are currently making enquiries to lock in a drilling rig. The planned program will take 6 weeks to complete, selective samples will be cut and transported to laboratories outside of Alaska for efficient turn-around times. As part of the drilling program, Resolution will make improvements to the access tracks to allow for follow up winter drilling, in anticipation of the summer season results. They will provide an update to the market of the ELF-EM program results and more detailed plans as details are locked down. A minor regional exploration program is being planned, aiming to sharpen drill targets at East Pogo and follow up other prospects with the aim to upgrade selected prospects to drill ready status. The Tourmaline Ridge trenching program was completed in September 2021, however only partial results are available to present, due to extreme lab delays in northern America. Despite the availability of only partial results, mineralisation links have been observed between the trenching results and historical drill data. Preliminary trenching assay results confirm Resolution's 3D geological model for the surface expression at Tourmaline Ridge, representing antithetic hanging wall veins, which RML believe to sit directly above a dilation northwest dipping shear, with a high probability of hosting significant gold mineralisation. Resolution updated the 3D geological model and the 64North target ranking summary over a 3-month period during the field off-season, which has incorporated the latest trenching results. Pogo-style is essentially the interplay of three geological ingredients: (1) hydrothermal fluid source (intrusions). (2) fluid conduits (high-angle faults). (3) dilation zones (low-angle regional shear -- compression with later extension for more dilation). This results in the formation of high-grade 5-20m thick, flat-lying, low-sulphide quartz veins (~ 3%) with a dolomite-sericite alteration halo with a typical resistivity of <600 Ohm.m. A detailed description of vein types (Larimer, 2016). To the end of 2019 the total production history of Pogo was: 3.9 million oz Au at 13.1g/t Au. Low-Angle Veins (Liese 1-3, East Deep). These veins contain the bulk of the ore at Pogo: 520 m thick, Hosted in regional shear zone -- compression with later, extension for more dilation, Shear exploits mafic and graphitic rocks within gneiss, High Angle Veins (North Zone, X-Vein), Previously not important sources of ore 15 m thick NS/NESW oriented escape structures for plutonic fluids, which are thought to be feeder structures. Other characteristics of Pogo: Free milling gold, Low-sulphide quartz veins ~3% pyrite, arsenopyrite, pyrrhotite, Bi-Te-S, Dolomite-sericite alteration halo. Magmatic fluid source. The Tourmaline Ridge trenching program was completed in September 2021, however only partial results are available to present, due to extreme lab delays in northern America. Despite the availability of only partial results, mineralisation links have been observed between the trenching results and historical drill data. Preliminary trenching assay results confirm Resolution's 3D geological model for the surface expression at Tourmaline Ridge, representing antithetic hanging wall veins, which RML believe to sit directly above a dilation northwest dipping shear, with a high probability of hosting significant gold mineralisation. Resolution updated the 3D geological model and the 64North target ranking summary over a 3-month period during the field off-season, which has incorporated the latest trenching results.