Resolution Minerals Ltd Secures Final US Drilling Permits & Finalizes Key Acquisition, Launching Major Exploration for Gold, Antimony, and Tungsten

Wednesday, July 9, 2025
at
8:30 am
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Resolution Minerals Ltd has secured final drilling permits for its promising Horse Heaven Project in Idaho. With its Phase 1 campaign set for August, the company will test for gold, antimony, and tungsten across 19 drill sites, potentially unlocking valuable domestic mineral resources for a growing market.

Resolution Minerals Ltd has received final U.S. Forest Service approval for its proposed drilling operations at the Horse Heaven Project in Idaho, USA. The regulatory green light paves the way for an initial drilling campaign scheduled to commence in August 2025, with plans to drill up to 57 holes across 19 sites along established roads. The phase one drill program, concentrating on the Golden Gate target area, is expected to involve approximately 20 holes totaling around 20,000 feet, aimed at exploring high-priority targets for antimony, gold, silver, and tungsten just beyond the known oxide/sulphide boundary. The project, strategically located adjacent to the notable Stibnite Gold Mine, has a long history of exploration. Historical reverse circulation drilling from the mid-1980s to mid-1990s revealed encouraging gold assay intercepts and established gold mineralisation along the 3.5 km Golden Gate Fault Zone. Past drilling efforts, however, were limited to shallow oxide zones. With the new campaign planned to probe deeper into the mineralised structure, Resolution Minerals aims to confirm the existence of a gold resource and potentially unlock significant reserves of tungsten and antimony to support domestic critical metal supply in the United States. In parallel to receiving drilling permits, Resolution Minerals confirmed the vendor’s fulfillment of a key acquisition condition. The vendor has exercised its option to complete the acquisition of the Horse Heaven Project through related entities, although the transaction remains subject to final due diligence and shareholder approval at the general meeting scheduled for 25 July 2025. Additionally, the company announced upcoming releases of 12,500,000 fully paid ordinary shares and 5,000,000 quoted options, while 81,963,480 RMLO options are set to expire on 31 July 2025. Market sentiment appears mixed. Bullish factors include the regulatory milestone permitting an aggressive drilling campaign at an underexplored project, the strategic location near a major mining operation, and the potential to expand exploration focus into critical metals with significant US demand. On the other hand, uncertainties remain due to pending shareholder approval, the inherent risks associated with deep drilling in a historically under-tested zone, and the market volatility that could be influenced by the forthcoming share and option releases. This balancing of optimism against caution provides a noteworthy scenario for investors tracking emerging opportunities in the mining exploration sector.

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