Resolution Minerals Ltd: Operations Update 64North Project, Alaska

Perth, Australia - Resolution Minerals Ltd. (ASX:RML) announce that the drilling of Holes #8 and #9 has been completed at the "Central Zone" of the Aurora Prospect adjacent to the world-class, high-grade Pogo Gold Mine (ASX:NST)

Summary

- Drilling targeted the extensions of the shallow dipping Pogo-style 7m thick quartz vein intersected on hole #7 (20AU07) drilling pierce points up-dip and along-strike with step-outs of 100m and 200m

- Zones of quartz veining and intense alteration were intersected in both holes with zones of interest from Hole #8 (228-230m, 309-310m, 477-478m & 567-571m) and Hole #9 (112-114m & 212-213m)

- Core has been moved to Fairbanks to be cut and fast-tracked with assays expected in January

- Trenching work at the E1 Prospect has been completed on 4x200m trenches to allow identification of potential drilling targets with assays now expected in January due to laboratory overload

- Detailed structural logging of new drill core will be undertaken and combined with assay results and geophysics data sets to refine and prioritise next drill holes for 2021

- The Aurora Prospect is road accessible and drilling is possible all-year round

Drilling program details

Following on from the successful drilling of a 7m thick Pogo Style quartz vein (announced 17/9/20), drilling commenced from the same drill pad as Hole #7 to undertake two more holes to test the lateral potential of the quartz vein. Pogo-style veins have large variations in grade and thickness over short distances and it is essential to drill step out holes up-dip, down-dip and/or along strike to determine grade variation and lateral extents of the vein and the potential for stacked set repetitions. The rig was re-positioned for hole #9 (20AU09) which is slightly to the south-east of the pad for holes #7 and #8. Additional drill pads have been prepared, to allow follow up drilling through winter as required using road access. The Central Zone is 1500m by 750m in size and has the scale potential to host a significant resource. The completion of holes #8 (20AU08) and #9 (20AU09) took slightly longer than anticipated with an unseasonably cold snap of -40oC in the first week of November.

The holes tested the along-strike and up-dip presence of the dilational zone which contained a 7m thick quartz vein in Hole 7 (20AU07). The pierce points were 100m and 200m from the pierce point on hole #7. Zones of narrow quartz and intense alteration were intersected in both holes with zones of interest from Hole #8 (228-230m, 309-310m, 477-478m & 567-571m) and up-dip in Hole #9 (112-114m & 212-213m). The core has been recovered to Fairbanks for core to be cut, inspected and fast-tracked with assays expected in January.

Managing Director, Duncan Chessell commented:

"We look forward to the results of these high priority holes and to completing our preliminary evaluation of the West Pogo Block in the first season of the 64North Project."

"The 64North Project is Resolution's flagship project which contains a pipeline of prospects each of which is in reality a project in its own right, namely West Pogo Block/Aurora Prospect, East Pogo Block and the E1 Prospect."

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About Resolution Minerals Ltd:

Resolution Minerals Ltd. (ASX:RML) is a mining company engaged in the acquisition, exploration and development of precious and battery metals - such as gold, copper, cobalt, and vanadium.

The company is led by Managing Director Duncan Chessell and an experienced team with proven success in corporate finance, marketing, metallurgy and geoscience. This equips Resolution Minerals with the tools to meet the changing demands of the mining markets.

Resolution Minerals Ltd. Listed on the ASX in 2017 with a focus on the exploration of the Wollogorang Copper Cobalt Project. It has since aquired the Snettisham Vanadium Project and more entered into a binding agreement witth Millrock Resources to earn up to 80% of the highly prospective 64North Gold Project.

Source: Resolution Minerals Ltd.



Contact:

Andrew Shearer Director
Resolution Minerals Ltd.
+61 8 6118 7110
E: info@resolutionminerals.com