Resolution Minerals Ltd (ASX:RML) Announces Interim LiDAR Results for Drake East Project
LiDAR Interpretation
Resolution Minerals Ltd (ASX:RML) received an interim LiDAR interpretation report for its Drake East Antimony-Gold Project. The LiDAR data identified 576 historical mine workings, including 534 pits, 27 shafts, and 15 adits. Additionally, 56 linear features and veins were interpreted, with a collective strike length of 4,150 meters. These findings coincide with the project’s fifteen antimony and fifty gold prospects spread over a 15km area.
Future Exploration
The final LiDAR report is expected within 7 to 10 days, after which the company will provide further updates. Resolution Minerals plans to prioritize and conduct mapping and sampling of the identified mine workings to evaluate evidence of mineralisation. The Drake East Project is adjacent to Legacy Minerals’ Drake Project (ASX:LGM), enhancing its strategic position.
Executive Comments
Executive Director Aharon Zaetz stated, “The LiDAR interpretation to date has provided RML a glimpse into the antimony and gold potential of Drake East. The plus five hundred historical mine workings that we have so far identified with LiDAR automatically become targets, which we will prioritise and move quickly to map and sample those for evidence of mineralisation. We will wait for the LiDAR interpretation to be completed, but even these interim results are beyond our expectations.”
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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