Drilling has been completed at the East Pogo prospect in Alaska by Resolution Minerals (ASX: RML) with seven quartz veins up to 4.6m thick being intersected across five of the 12 holes.
The company said the “compelling” shallow targets at its larger 64North project that were drilled in this latest program were the culmination of 20 months of preparatory field work, desktop review, geophysics surveys and logistics planning.
East Pogo is located on the Pogo Trend, positioned between the 11 million-ounce Pogo gold mine owned by Northern Star (ASX: NST) and the large Tibbs gold project being explored by Vancouver-based Tectonic Metals.
The 12 reverse circulation (RC) holes at East Pogo, totalling 1,663m, were targeting mineralisation between 50m and 150m beneath the surface. The holes were completed on time and on budget.
‘Encouraging’ alteration in all holes
Assay results are expected in early August.
Resolution said that “encouragingly”, intense hydrothermal alteration was present in all holes and the structural setting confirmed its Pogo-style model for this East Pogo prospect.
Resolution managing director Duncan Chessell cautioned that, while the team was excited by the drilling results, the assay results will be the real test.
“We are encouraged to see seven zones of flat-lying quartz veining with minor sulphides up to 4.6m thick,” he added.
The drill targeting had allowed the drill team to vector in on hydrothermal fluid pathways where gold mineralisation could accumulate.
Samples have been submitted to the laboratory in Fairbanks for preparation and transfer to Vancouver, Canada.
Deeper drilling will follow positive results
“Upon positive results, the company will look to undertake a combination of RC and deeper drill testing with diamond core drilling,” the company reported.
The 64North gold project is located in Alaska’s Tintina gold province.
The belt, which was discovered by Russian explorers in 1848 (Alaska, then part of the Russian Empire, was sold to the United States in 1867), extends in an arc from northern British Columbia, through the Yukon and across southwestern Alaska to the Pacific Ocean.
The arc spans approximately 2,000km and is about 200km wide.