Drake East Antimony Project Reveals 791 Mine Workings in LiDAR Survey
Resolution Minerals (ASX: RML) has announced compelling results from its high-quality LiDAR survey at the Drake East Antimony-Gold Project in NSW, highlighting the significant scale and potential of this critical metals asset.
Historic Mining Activity Confirms Extensive Mineralization Potential
The final LiDAR interpretation has identified an impressive 791 mine workings across the project area, including:
- 742 prospecting pits
- 33 shafts
- 16 adits
This extensive historical mining footprint corresponds with 70 previously recorded gold and antimony prospects, confirming the project's significant mineralization potential. Many newly identified workings don't match known records, suggesting additional undocumented mineral occurrences within the project area. In the mining industry, strategic investments in human capital are increasingly important for identifying and developing such promising prospects.
Five Major Mineralization Clusters Identified
The LiDAR data revealed five key areas with high concentrations of mine workings:
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Hedley's-Gully Prospect Area – 90 mine workings showing strong linear control of gold-antimony mineralization with NW-SE and NS vein orientations
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Hansen Hills-Hidden Treasure Area – 112 mine workings displaying similar vein orientation patterns
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Reliance Mine-Rileys Alluvials Area – Numerous workings combining vein prospects and extensive placer gold fields
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Ottis Mine-Lanikai Alluvial Area – Extensive alluvial gold workings covering approximately 135,500 square meters
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Pine Gully-Mosquito Creek Antimony Area – 19 mine workings including the significant Mosquito Creek Antimony Prospect with a reported 1,000m strike length
Strategic Position Adjacent to Legacy Minerals' Lunatic Antimony Field
Resolution Minerals believes the antimony-gold mineralization at Drake East forms part of the same broader system as Legacy Minerals' adjacent Lunatic Antimony Field, which has reported peak grades of 30% antimony and 85g/t gold in recent sampling. For junior mining companies like Resolution, navigating industry challenges through strategic partnerships and technical excellence is essential for success.
High-Grade Antimony and Gold Potential Confirmed
Previous sampling at the Resolution Minerals Drake East project results has demonstrated significant mineralization, with peak values of:
- 5.72% antimony
- 60.9 g/t gold
- 214 g/t silver
These results confirm the project's potential as a significant antimony and precious metals asset.
Understanding Antimony: A Critical Strategic Metal
Antimony is classified as a critical mineral by many countries including the United States, European Union, and Australia due to its essential applications and supply risks. The metal is primarily used in:
- Flame retardants for safety equipment and construction
- Lead-acid batteries, crucial for energy storage
- Military applications including ammunition and night-vision equipment
- Semiconductor manufacturing for the technology sector
Global antimony supply is dominated by China (approximately 60% of production), making the development of alternative sources strategically important for Western economies. This situation mirrors challenges in other markets, such as the lithium market's price drops and policy hurdles, highlighting the volatility in critical minerals sectors.
Upcoming Exploration Plans
Resolution Minerals is expediting field activities to capitalize on these promising Resolution Minerals Drake East project results, with plans including:
- Desktop review to prioritize the nearly 800 mine workings for field assessment
- Geological mapping and geochemical rock chip sampling of high-priority targets
- Evaluation of the 70 known mineral prospects and new target areas
- Assessment of the substantial placer gold potential across the project area
Executive Director Aharon Zaetz commented: "The final LiDAR interpretation has provided RML further insight into the antimony and gold potential of Drake East. This project clearly has very significant upside with nearly 800 mine workings, that in reality are too numerous to count. The widespread placer gold workings are in their own right a valid and exciting exploration target."
Why Investors Should Take Notice
Resolution Minerals presents a compelling investment opportunity based on several key factors:
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Strategic Critical Minerals Focus – As global demand for antimony continues to grow amidst supply concerns, Resolution's antimony projects are perfectly positioned to benefit from this market dynamic
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Substantial Historical Mining Activity – The identification of 791 mine workings provides strong validation of the project's mineral potential
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Proximity to Proven Mineralization – The project's location adjacent to Legacy Minerals' high-grade antimony field demonstrates the regional prospectivity
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Multiple Commodity Exposure – With significant gold, silver and copper potential alongside antimony, the project offers investors exposure to both critical and precious metals markets
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Clear Path Forward – With funding in place and well-defined exploration plans, Resolution has a clear strategy to rapidly advance the Resolution Minerals Drake East project results and generate value
Resolution Minerals' Drake East Project represents a rare opportunity to invest in a significant antimony asset in a tier-one mining jurisdiction, positioned to capitalise on growing global demand for this critical metal. Furthermore, as mining investment in the Middle East and Africa's mining boom continue to evolve, companies with established assets in stable jurisdictions like Australia offer important portfolio diversification for resource investors.
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