Resolution Minerals Ltd (ASX: RML; OTCQB: RLMLF) has taken a decisive step forward in unlocking the full potential of its flagship U.S. asset, announcing a large-scale Phase 2 drilling program at the Golden Gate fault zone within its Horse Heaven Gold-Antimony-Tungsten-Silver Project in Idaho. The Company is preparing to execute an ambitious 13,700-metre diamond drilling campaign aimed at defining the scale, continuity, and economic potential of this rapidly emerging mineral system.
A Transformational Drilling Program Underway
The Company has designed a fully permitted Phase 2 drilling program comprising:
- Up to 45 diamond drill holes
- A total of 45,000 feet (13,700 metres)
- Deployment of two MP1500 core diamond rigs
- Target start in early May 2026, running through mid-August
This program represents a substantial expansion from the successful Phase 1 campaign completed in 2025, which delivered strong gold intercepts across all 14 drill holes and confirmed that mineralisation remains open at depth.
Figure 1: Horse Heaven map shows the Golden Gate and Antimony Ridge targets, plus the nearby Stibnite Gold Project 12 km east, using UTM coordinates. [Resolution Minerals Ltd]
Building on Strong Phase 1 Success
The Phase 1 drilling campaign laid a solid foundation for this next stage of exploration. The Company reported that all drill holes intersected gold mineralisation from surface, reinforcing confidence in the scale and continuity of the system.
Key intercepts included the following:
- 253m @ 1.5 g/t gold
- 197.5m @ 1.26 g/t gold
- 265.2m @ 0.6 g/t gold
- 240.8m @ 0.64 g/t gold
These results not only demonstrated consistent mineralisation but also highlighted the potential for a large, continuous gold system.
Craig Lindsay, CEO of US Operations, emphasised the significance of these results: “Following our impressive 2025 drill campaign, it is clear that Golden Gate hosts a large continuous gold mineralised system, with all holes intersecting mineralisation and remaining open at depth.”
Strategic Focus: Defining Scale and Resource Potential
The primary objective of the Phase 2 program is to define the size, shape, and extent of mineralisation across both Golden Gate North and Golden Gate South. The Company aims to advance the Project toward a maiden JORC-compliant Mineral Resource Estimate, targeted for Q1 2027, subject to successful outcomes.
Mr Lindsay added: “The upcoming drill program is designed to define the size and shape of this system, and to advance Golden Gate toward a maiden JORC-compliant Mineral Resource Estimate.”
Importantly, mineralisation remains open in multiple directions, reinforcing the exploration upside.
“Importantly, mineralisation remains open in multiple directions, and we are only beginning to understand the full scale for the Golden Gate system.”
Golden Gate North: Expanding a Proven System
At Golden Gate North, the Company will undertake a mix of infill and step-out drilling to expand known mineralisation and test extensions.
Highlights from previous drilling include:
- 2m @ 1.30 g/t gold, including higher-grade zones:
- 12.9m @ 2.32 g/t
- 29.6m @ 2.71 g/t
- 70.8m @ 2.24 g/t
The Company has also identified tungsten mineralisation, further strengthening the Project’s multi-commodity potential. Notable intercepts include:
- 21m @ 0.06% tungsten, including 8m @ 0.14%
These results suggest continuity from historical tungsten workings nearby, adding another layer of economic opportunity.
Figure 2: Map illustrating the planned locations of Phase 2 drill holes at Golden Gate North. [Resolution Minerals Ltd]
Golden Gate South: Unlocking a New Discovery Zone
Golden Gate South represents an emerging discovery area with significant upside. Drilling will focus on expanding this zone following encouraging early results.
Key intercept:
- 99.1m @ 0.38 g/t gold from surface, ending in mineralisation
The mineralisation occurs within altered and brecciated intrusive rocks, consistent with a structurally controlled system. The presence of near-surface oxidised gold further enhances the Project’s development potential.
Additionally, the Company has identified a coincident gold and tungsten soil anomaly west of the discovery hole, marking it as a high-priority drill target for 2026.
Figure 3: Map illustrating the planned Phase 2 drill holes’ locations at Golden Gate South. [Resolution Minerals Ltd]
A Robust Geological Model Driving Exploration
The Company interprets the Golden Gate system as an intrusive-related gold (IRG) deposit, controlled by northeast-southwest trending fault structures. These structures appear to govern both mineralisation and alteration patterns.
Current exploration models suggest three possible scenarios:
- A continuous mineralised system between North and South
- Two discrete but related bodies
- Parallel or offset mineralised zones
Further drilling will help determine the most accurate model and refine future exploration strategies.
The geological similarities to the nearby Stibnite Gold Mine strengthen confidence in the exploration approach and potential scale.
Figure 4: Schematic models suggest gold at Golden Gate may be continuous, separate, faulted, or parallel systems. Further drilling in the upcoming field season will determine the most accurate interpretation. [Resolution Minerals Ltd]
Multi-Commodity Upside: Gold, Antimony and Tungsten
The Horse Heaven Project stands out due to its multi-commodity exposure, targeting:
- Gold (primary focus)
- Antimony (strategically important metal)
- Tungsten (critical industrial metal)
- Silver (additional value component)
With tightening global supply chains for antimony and tungsten, the Project is attracting increasing strategic interest, particularly from U.S. investors.
Next Steps and Ongoing Activities
The Company has outlined a clear roadmap for the 2026 field season:
- Diamond drilling across Golden Gate North and South
- Step-out drilling to extend mineralisation along strike
- Deeper drilling to test down-dip extensions
- Continuous geological logging and assay analysis
In parallel, the Company is progressing:
- Expanded Plan of Operations for Golden Gate
- Separate approvals for Antimony Ridge drilling and bulk sampling
- Ongoing metallurgical test work
This integrated approach ensures that exploration, development, and technical studies advance in tandem.
Strong Share Price Momentum Reflects Market Confidence
The Company’s recent exploration success has translated into strong share price performance:
- Last Price: $0.05
- 1 Week: +16.28%
- 1 Month: +25.00%
- 2026 YTD: +2.04%
- 1 Year: +354.55%
- 52-week range: $0.007 – $0.150
Figure 5: Share price performance of Resolution Minerals Ltd in the past 12 months
The Company currently holds a market capitalisation of approximately $104.8 million, reflecting its growing valuation in the market. Over the past 12 months, the share price has traded between $0.007 and $0.150, indicating strong upside momentum. This range highlights increasing investor confidence in the Company’s exploration success and future growth potential.
Investors’ Outlook
Resolution Minerals is entering a pivotal phase in its growth journey. The scale and ambition of the Phase 2 drilling program signal a strong commitment to rapidly advancing the Golden Gate system toward resource definition.
Several factors position the Company favourably:
- Proven mineralisation with strong drill results
- Significant exploration upside with open extensions
- Multi-commodity exposure aligned with global demand trends
- Clear pathway to a maiden resource by 2027
- Strong share price momentum and market recognition
If the upcoming drilling campaign confirms continuity and expands the mineralised footprint, the Company could unlock substantial value. The combination of gold, tungsten, and antimony adds strategic depth, particularly in a tightening global supply environment.
For investors, the next six months will be critical. With steady assay results expected throughout the drilling season, Resolution Minerals offers a high-impact exploration story with meaningful near-term catalysts and long-term development potential.
Disclaimer: This editorial is for informational purposes only and does not constitute financial, investment, or other professional advice. The information is based on publicly available announcements and may include forward-looking statements that are subject to risks and uncertainties. Readers should conduct their own research or consult a licensed financial adviser before making any investment decisions. The author and publisher accept no liability for any loss arising from the use of this information.
