Resolution Minerals has announced a significant gold discovery at its Golden Gate North Prospect, marking a pivotal shift from exploration to development. The company also advances its critical minerals strategy with key acquisitions and a $25 million capital raise.
- Major gold mineralisation intersected in all maiden diamond drill holes at Golden Gate North
- Broad, continuous gold zones remain open in multiple directions, indicating large potential resource
- Acquisition agreement for Johnson Creek Tungsten & Antimony Mill and Antimony Camp properties
- Engagement of leading metallurgical firms and appointment of Chief Metallurgist to fast-track processing studies
- Successful $25 million institutional placement supports accelerated development and US market expansion
A Breakthrough Gold Discovery
Resolution Minerals Ltd (ASX – RML) has revealed a major gold discovery at its Golden Gate North Prospect within the Horse Heaven Project in Idaho, USA. The maiden diamond drilling program has intersected significant gold mineralisation in every hole, with some intervals exceeding 250 metres at grades above 0.6 grams per tonne. Notably, hole HH-GG25-003C reported 253 metres at 1.50 g/t gold from surface, including higher-grade zones up to 3.98 g/t.
This discovery confirms the presence of a large Intrusion Related Gold System (IRGS), a type of deposit known for its potential to host multi-million-ounce gold resources. The mineralisation remains open along strike and at depth, suggesting substantial upside as further drilling progresses.
Strategic Shift from Explorer to Developer
Beyond the gold find, Resolution is rapidly evolving into a critical minerals developer. The company has entered a binding agreement to acquire the Johnson Creek Tungsten & Antimony Mill and adjacent Antimony Camp properties, which include valuable tungsten ore stockpiles and milling infrastructure. This acquisition positions Resolution to fast-track processing and production capabilities.
Complementing these moves, Resolution has engaged specialist metallurgical firms, Kingston Process Metallurgy, Independent Metallurgical Operations, and ANSTO Minerals, to conduct comprehensive test work on antimony, tungsten, and gold samples. The appointment of Dr Adam Roper as Chief Metallurgist underscores the company’s commitment to advancing downstream processing and extraction technologies.
Capital and Corporate Momentum
Financially, Resolution secured a heavily oversubscribed $25.1 million institutional placement during the quarter, bolstering its balance sheet with over $15 million in cash at quarter-end. This capital injection supports an aggressive exploration and development agenda, including a planned Phase 2 drilling campaign at Golden Gate and permitting for bulk sampling at Antimony Ridge.
The company is also actively engaging with US government bodies and strategic partners to align with national critical minerals priorities. The appointment of Tribeca Capital as corporate adviser aims to enhance Resolution’s US critical minerals strategy, including potential NASDAQ listing and offtake partnerships.
Looking Ahead
Resolution plans to release final assay results from its maiden drilling program shortly and to expand its drilling footprint at Golden Gate. The company is advancing permitting for bulk sampling and further metallurgical studies, while progressing its mill acquisition and downstream processing plans. With record gold prices and growing demand for critical minerals, Resolution Minerals is positioning itself as a key player in the US supply chain for gold, antimony, and tungsten.
Bottom Line?
Resolution Minerals’ Golden Gate North discovery and strategic developments mark a defining moment as it transitions to a critical minerals producer with strong US government alignment.
Questions in the middle?
- How will pending assay results from recent drill holes impact the scale and grade of the Golden Gate North resource?
- What are the timelines and regulatory hurdles for permitting bulk sampling and production at Antimony Ridge and Johnson Creek?
- How might Resolution’s NASDAQ listing and US government collaborations influence its access to funding and market positioning?