Next steps already being planned
Ramp Metals (TSXV RAMP / WKN A407UW) is primarily exploring for high-grade nickel deposits at its Rottenstone SW project. However, prior to the drilling program conducted in April, samples collected from boulders and outcrops in October 2023 also returned significant gold grades of 5.11 g/t and 1.09 g/t, respectively. The company more than surpassed these, though, with drill hole Ranger-01, the results of which have just been presented!
As Ramp has just announced, this drill hole encountered numerous zones of gold mineralization, including 73.55 g/t gold and 19.50 g/t silver over 7.5 meters (from 227 to 234.5 meters depth)! This even included an intersection of 1.5 meters with 182 g/t gold and 60.8 g/t silver! Which means that the company has drilled gold values at Rottenstone SW that are among the highest ever recorded in Saskatchewan. (Further results can be found in the company’s press release).
Some of the highest grades ever drilled in Saskatchewan
In any case, a drill program can hardly get off to a better start than that of Ramp Metals. Especially as it must be emphasized that the company has so far only received the results for the mineralization intervals between 153.5 and 171.5 metres and 174.5 and 314 metres depth in drill hole Ranger 01. Consequently, the company is still waiting for the analytical results for the area from the beginning of the drill hole down to the mentioned mineralization intervals…
Ramp Metals is currently already working on permitting and developing a comprehensive geophysical and sampling program. In this next phase of exploration at Rottenstone SW, both ground and airborne geophysical surveys are being considered. More exciting news flow to come from that, too.
Conclusion: Ramp Metals has made a sensational start to the exploration of the Rottenstone SW project and can report a new, really high-grade gold discovery. With 73.55 g/t gold and 19.50 g/t silver over a strong mineralized interval and further high gold grades in the very first drill hole, we believe the signs are good that a significant discovery is on the way. We will stay on the ball!
Disclaimer: GOLDINVEST Consulting GmbH publishes comments, analyses and news on https://goldinvest.de. This content is intended solely for the information of readers and does not constitute a call to action; it is neither expressly nor implicitly to be understood as a guarantee of share price performance. Furthermore, they are in no way a substitute for individual expert investment advice and do not constitute an offer to sell the share(s) in question or a solicitation to buy or sell securities. It is expressly not a financial analysis, but an advertising/journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so exclusively at their own risk. No contractual relationship is established between GOLDINVEST Consulting GmbH and its readers or the users of its offers, as our information relates only to the company and not to the reader’s investment decision.
The acquisition of securities is associated with high risks, which can lead to the total loss of the capital invested. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research. However, liability for financial losses or the guarantee that the content of the articles offered here is up-to-date, correct, appropriate and complete is expressly excluded. Please also note our terms of use.
According to §34b WpHG and §48f Abs. 5 BörseG (Austria) we point out that GOLDINVEST Consulting GmbH and/or partners, clients or employees of GOLDINVEST Consulting GmbH hold shares in Ramp Metals Inc. and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares in the company at any time, which may affect the price of Ramp Metals Inc. shares. In addition, GOLDINVEST Consulting GmbH is remunerated by Ramp Metals Inc. for reporting on the company. This is another clear conflict of interest.