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Ram Resources Ltd.
Summary
| Project: | West Kimberley | |
|---|---|---|
| Deposit: | West Kimberley | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Aluminium-Copper-Iron-Nickel-Lead-Sulphur-Zinc | |
| Date: | 6/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-6-2016: Ram Resources Ltd. announces an Exploration/Drilling Update report for its West Kimberley deposit at the West Kimberley project. Drilling results from East Kimberley with values up to 2.7ppm Ag, 0.13% Zn received. Ram Resources Limited (“Ram” o | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Charles Guy (Internal) | |
| ABSTRACT: | Ram Resources Limited (“Ram” or the “Company”) (ASX: RMR) is pleased to advise that preliminary results from field work from the west Kimberley Project have been received. The maiden drilling at its West Kimberley Project revealed the presence of strong sulphide mineralisation with anomalous silver and zinc values up to 2.7 ppm Ag, 0.13% Zn and minor base metal values (Fig.2: Drill hole location map), (Attachment 1: Drill data and assay). The drilling intersected sulphide mineralisation horizons within metamorphic basinal sediments of the Marboo Formation. Geochemical analysis (Attachment 2) indicates that Ram’s drilling may have intersected the distal part of a zoned exhalative sedimentary (SEDEX) style mineralisation (Fig.3). In sediment hosted exhalative environments, the distal part of the system is usually low in base metal content as the main sulphide species are pyrite or pyrrhotite. The proximal part of the deposit, closer to an exhalative vent often contains zinc, lead and copper, often associated with gold and silver in economic proportions. Four rock chip grab samples were collected for gold (Table 1), with a new gold Prospect (Tim Prospect) identified. The quartz outcrop, within the Marboo Formation is over 400m long, 1m to 5m’s wide and orientated in a general NW-SE direction. The best assay from the Tim Prospect returned 5g/t Au from a ferruginous boxwork quartz vein (Fig.1). The Tim Prospect and the Robinson River historical gold prospect are 8km apart and both within 4 km of Ram’s May 2016 drilling program, see Figure 2. | |
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