Over 500 Historic Mine Workings Unearthed at Drake East by Resolution Minerals' LiDAR Survey

March 24, 2025 01:00 PM GMT | By Team Kalkine Media
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

Highlights

  • Over 500 historic workings identified via LiDAR
  • Targets include antimony, gold, and copper prospects
  • Final survey results expected within days

Resolution Minerals (ASX:RML) has taken a significant step forward at its Drake East project in New South Wales, revealing over 500 historical mine workings through an advanced LiDAR (Light Detection and Ranging) survey. This early data has unveiled a wealth of untapped exploration potential, positioning the company for an accelerated phase of follow-up mapping and sampling.

An interim LiDAR interpretation report has already confirmed the presence of 534 pits, 27 shafts, and 15 adits throughout the Drake East area. In addition to these features, 56 linear structures and mineralised veins have been identified, collectively spanning more than 4,150 metres in strike length.

These findings suggest a rich network of historical mining activity, primarily focused on antimony and gold, and potentially copper. Drake East already includes 15 known antimony prospects, 50 gold prospects, and three copper targets, with the antimony mineralisation spread across a 15-kilometre-wide area.

The LiDAR survey was carried out by GeoCloud, a geological data services company that previously completed similar work on an adjacent project operated by Legacy Minerals (ASX:LGM). That survey led to more than doubling the number of known historic workings in that region—raising expectations that Drake East could deliver similar upside.

According to Resolution Minerals’ executive director, the ability to accurately geolocate these features is key to understanding the distribution and potential mineralisation of the site. The over 500 identified workings are now classified as immediate targets for on-ground follow-up.

The company is planning to begin mapping and sampling the most promising zones shortly after the final LiDAR report is delivered, which is expected within the next 7 to 10 days. The current findings from the interim report have already surpassed initial expectations.

Drake East’s evolving profile highlights its potential as a significant project for antimony and gold in a historically underexplored area. With new technology helping to illuminate the past, Resolution Minerals is aiming to unlock future opportunities through data-driven exploration efforts.

As the final report is awaited, the focus shifts to prioritising these targets and assessing the scale of mineralisation present—marking an exciting phase of development for the project.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

AI on the Rise: A Look at Top AI Companies and Their Stocks

Recent Articles

Investing Tips

Previous Next