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The latest announcement is out from Resolution Minerals Ltd. ( (AU:RML) ).
Resolution Minerals has announced a new gold discovery at the Golden Gate South prospect within its Horse Heaven Project in Idaho, where recent diamond drilling intersected broad, near-surface gold mineralisation that remains open at depth. Together with earlier results from Golden Gate North, the mineralised Golden Gate system now extends over 1.5km of strike, with multiple shear zones and accompanying tungsten mineralisation underscoring both the scale and multi-commodity potential of the project.
Key holes at Golden Gate South delivered intervals including 172.2m at 0.463 g/t gold and 225.5m at 0.14 g/t gold from surface to end of hole, with all three reported holes ending in mineralisation, suggesting strong potential for further extensions. The discovery materially enhances Resolution’s exploration upside at Horse Heaven and supports its strategy to define a significant gold resource in a competitive North American mining district, which could bolster the company’s long-term growth prospects and appeal to investors seeking exposure to both gold and critical minerals.
The most recent analyst rating on (AU:RML) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Resolution Minerals Ltd. stock, see the AU:RML Stock Forecast page.
More about Resolution Minerals Ltd.
Resolution Minerals Ltd is an Australian-listed exploration company focused on gold and associated critical minerals, including antimony, tungsten and silver. Its flagship asset is the 100%-owned Horse Heaven Project in Idaho, U.S., a tier-one mining jurisdiction located adjacent to Perpetua Resources’ Stibnite Gold Project, positioning the company in a prospective district-scale gold-antimony-tungsten belt.
Average Trading Volume: 27,431,297
Technical Sentiment Signal: Sell
Current Market Cap: A$94.92M
See more insights into RML stock on TipRanks’ Stock Analysis page.