Resolution Minerals Advances Exploration at High-Potential Drake East Project

3 min read | March 17, 2025 01:44 PM AEDT | By Team Kalkine Media

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Resolution Minerals Advances Exploration at High-Potential Drake East Project — Image source: shutterstock

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Highlights

Resolution Minerals (ASX:RML) initiates LiDAR study to uncover hidden mineralisation.

Antimony prices surge 250% in 2024 amid global supply concerns.

Exploration targets include historical high-grade gold and antimony deposits.

Resolution Minerals (ASX:RML) has commenced exploration activities at the newly acquired Drake East Antimony-Gold Project in New South Wales, aiming to uncover valuable high-grade mineralisation. The initiative comes at a time when antimony prices have soared by 250% in 2024 due to global supply constraints, adding further significance to the project's potential.

LiDAR Technology to Unlock Hidden Potential

As part of its strategy, the company has launched a LiDAR interpretation study in collaboration with GeoCloud Analytics. This cutting-edge analysis will provide an in-depth understanding of the extent of antimony mineralisation within the project area.

According to Resolution Minerals' executive director, Aharon Zaetz, LiDAR has proven effective in revealing previously undocumented mine workings in similar projects, including those conducted by neighboring explorers. The findings from this study are expected within ten business days and could lead to the identification of new mineralisation targets.

Comprehensive Exploration Approach

Beyond the LiDAR study, Resolution Minerals has also initiated a desktop review to refine exploration priorities and optimise future field programs. This review will incorporate:

Geological and geophysical data to assess existing mineralisation.

Historical production records to evaluate previously mined areas.

Structural mapping to locate new mineral-rich zones.

The results of these studies will guide further exploration efforts, including geophysical surveys, geochemical sampling, and potential drilling programs.

Strategic Location and Promising High-Grade Discoveries

The Drake East Project is strategically positioned adjacent to Legacy Minerals’ (ASX:LGM) Drake Gold-Copper Project, where a large epithermal gold-copper system is under development.

Legacy Minerals recently reported high-grade rock chip samples from its Lunatic Prospect, just 2.2 kilometers from Drake East, with results of 30% antimony and 0.38 g/t gold. Meanwhile, historical assays from Resolution Minerals' project area have returned impressive values, including 5.72% antimony, 60.9 g/t gold, and 214 g/t silver over a 15-kilometer strike length.

Next Steps in Exploration

Resolution Minerals plans to implement a systematic exploration strategy to maximise the potential of the Drake East Project. The company’s upcoming activities include:

Expanding LiDAR-based studies to detect hidden mine workings.

Conducting geophysical and geochemical surveys to pinpoint high-priority drill targets.

Assessing historical production sites for further exploration and potential resource definition.

With a strong focus on unlocking untapped mineralisation and leveraging record-high commodity prices, Resolution Minerals is positioning itself to advance the Drake East Project towards its full potential. The coming months will be pivotal as new exploration data emerges, shaping the company’s future development plans.

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