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Ram Resources Ltd.
Summary
| Project: | Keel | |
|---|---|---|
| Deposit: | Keel | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead | |
| Date: | 3/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-3-2017: Ram Resources Ltd. announces a Resource Estimation report for its Keel deposit at the Keel project. JV - Initial Inferred Mineral Resource Estimate at Keel. Ram Resources Limited (“Ram” or the “Company”) (ASX: RMR) is pleased to announce that it | |
| Resources: | (Resource, Inf.): 6.9Mt @ 5.6% Zn, 0.8% Pb at Keel | |
| CP/QP: | [Resources]: Steve Rose, Charles Guy (CSA Global Pty Ltd.;Internal) | |
| ABSTRACT: | Ram Resources Limited (“Ram” or the “Company”) (ASX: RMR) is pleased to announce that it has completed its exclusive due diligence investigation on the Keel Zinc Project in Ireland and notified the owner that it is proceeding with the option agreement announced on 7 February, 2017. Ram’s successful due diligence programme included onsite inspections, legal ownership reviews and an assessment of over 40,000m of available drill data which resulted in an initial Mineral Resource estimate. The estimate was completed by independent consulting firm CSA Global Pty Ltd (“CSA Global”) and resulted in an initial Inferred Mineral Resource estimate of 6.9Mt at 5.6% Zn and 0.8% Pb. Ram is now focussed on designing an initial drill programme aimed at upgrading the initial Mineral Resource estimate with drilling expected to commence in late April 2017. Ram managing director, Bill Guy, commented “Ram is excited to announce that the Company will be proceeding with the option agreement to acquire a majority interest of the Keel Zinc Project in Ireland. The Company’s due diligence investigation was extremely successful and confirmed our belief that the project represents an outstanding brownfields Zinc development opportunity in a world class mining jurisdiction. The Company was surprised and excited by the ability to estimate an initial Mineral Resource prior to commencing any exploration at the project. Confirmation that the initial resource sits within a larger system provides great confidence as we proceed to design our maiden drill programme aimed at building on the initial resource estimate. The Company has commenced by commissioning reports to examine the exploration potential of the Keel Zinc Project and surrounding region, utilising new geological thinking and techniques in this well-established mineral province. These reports are expected to be received in coming weeks and the Company looks forward to updating shareholders shortly.” | |
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