Resolution Minerals (ASX: RML) has revealed Fort Knox-style gold mineralisation at the Sunrise prospect, within its flagship 64North project in Alaska.
Shallow rotary airblast drilling has unearthed 36.6m at 0.33 grams per tonne gold from surface, including 1.5m at 1.42g/t gold from 1.5m, and 1.5m at 2.6g/t gold from 9.1m.
A separate hole hit 74.7m at 0.26g/t gold from surface and ended in mineralisation. This intercept contained higher-grade intervals of 1.5m at 1.77g/t gold from 12.2m, and 1.5m at 1.02g/t gold from 48.8m.
Resolution managing director Duncan Chessell said the results confirm the company’s theory the prospect may host Fort Knox-style mineralisation and “cast a new light” on the 64North project.
“It has highlighted the potential for the district to host multiple deposits of not only high-grade Pogo-style, but the more classic Alaskan giant-size low-grade intrusion hosted Fort Knox style.”
At Sunrise, the company completed 27 holes and tested a 1,400m east-to-west fence-line to assess scale and grade.
Drilling has identified a thick 280m-wide gold zone, with mineralisation remaining open at depth and to the north and south.
Fort Knox-style gold
TSX and NYSE-listed Kinross operates the Fort Knox gold mine in Alaska, which has produced 8 million ounces over 20 years.
Resolution pointed out Fort Knox is one of Alaska’s most profitable operating gold mines – generating 237,000oz last year at 0.3g/t.
As well as Sunrise, Resolution has identified other Fort Knox-style targets.
Upcoming exploration at 64North
Mr Chessell said Resolution was currently planning the best way to approach follow-up drilling or trenching across the Sunrise target.
Additionally, the company will prioritise sampling of the other potential Fort Knox systems nearby.
Later this month, ground appraisal of Sunrise and nearby targets will begin prior to any further drilling.
“While we are planning the next move at the Sunrise prospect, our team in the field will make use of the Alaskan summer to drill test the highest ranked prospect at the 64North project – the East Pogo high-grade gold targets in June,” Mr Chessell added.
The East Pogo program will comprise 2,000m of reverse circulation helicopter supported drilling. It is following up on targets identified during 2020.
Meanwhile, in Australia, Resolution plans to begin drilling its copper and base metals targets.