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Five holes planned for prospect southwest of Pogo gold mine North of 60 Mining News – July 8, 2022
The 2021 drilling at Tourmaline Ridge will test an area where Resolution Minerals encountered steep veins with up to 4.84 g/t gold in two trenches dug last year on the West Pogo block of the 64North project in Alaska's Goodpaster Mining District.
Resolution's planned 2022 drill holes at Tourmaline Ridge.
Resolution Minerals Ltd. June 29 announced the start of a 2,200-meter drill program at the Tourmaline Ridge prospect on the West Pogo block of the 64North gold project in Alaska.
Tourmaline Ridge lies about 5,000 meters southwest of the main orebody at Northern Star Resources Ltd.'s Pogo gold mine.
Prospecting and sampling, including surface rock chip sampling that returned grades as high as 118 grams per metric ton gold, have outlined an 1,800- by 750-meter geochemical anomaly at Tourmaline Ridge.
Resolution cut two trenches for a total of 820 meters across this zone to test for a large-scale gold system that is a hybrid of vein-hosted mineralization similar to Pogo and bulk tonnage mineralization similar to the deposits at Fort Knox.
The Australian explorer says preliminary results from this trenching and the other 2021 exploration have identified the highest-ranking drill target so far at 64North, including a one-meter trench sample that averaged 4.8 g/t gold.
Recent field reconnaissance has validated the planned five-hole, 2,200-meter diamond drilling program," said Christine Lawley, interim CEO of Resolution Minerals and exploration manager at 64North. "Ground truthing of drill collars, continues to support our geological model for hanging wall gold mineralisation positioned above a Pogo-style gold system."
The five holes are being drilled along a roughly 1,000-meter stretch of the interpreted Pogo-style shear system at Tourmaline Ridge.
"There is an abundance of geologic evidence pointing to a possible gold deposit at Tourmaline Ridge," said Greg Beischer, president and CEO of Millrock Resources, which optioned 64North to Resolution.
Under a deal signed at the end of 2019, Resolution has the option to earn up to a 60% joint venture interest in 64North, which consists of nine claim blocks Millrock assembled around Northern Star's Pogo property in the Goodpaster Mining District.
So far, Resolution has earned a 42% interest in the project by paying US$150,000 and issuing 3 million shares to Millrock, as well as investing at least US$7 million in exploration through the end of January. Resolution can increase its ownership to 51% by making further cash and share payments to Millrock and funding the 2022 exploration program at 64North.
In addition to drilling at Tourmaline Ridge, this year's 64North program will include modest regional field work programs to validate drill targets at the Miranda and Last Chance prospects at East Pogo, another of the nine claim blocks that make up the 160,000-acre 64North land package.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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