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Ramelius Resources Ltd.
Summary
| Project: | Edna May | |
|---|---|---|
| Deposit: | Edna May | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-6-2018: Ramelius Resources Ltd. announces a Resource Estimation report for its Edna May deposit at the Edna May project. Updated mineral resource and ore reserve estimate at Edna May. Ramelius Resources Limited (ASX:RMS) is pleased to announce a major i | |
| Resources: | (Reserve, Prob.): 1.7Mt @ 1.2g/t Au for 62Kt Au contained at Greenfinch | |
| CP/QP: | [Resources]: Rob Hutchinson (Internal) | |
| ABSTRACT: | Ramelius Resources Limited (ASX:RMS) is pleased to announce a major increase in the total Edna May and Greenfinch Mineral Resources and the Greenfinch Ore Reserve. Significant new drilling at Edna May was conducted in late 2017 and early 2018 (see ASX Releases, “December 2017 Quarterly Activities Report”, 30/01/2018, “Exploration & Resource Development Update”, 9/03/2018 & “March 2018 Quarterly Activities Report”, 30/04/2018). The Edna May deposit forms the primary ore source for the Edna May gold mine at Westonia in Western Australia, located 300km east of Perth (refer Figure 6). The Greenfinch deposit is a strike extension of the Edna May deposit and is located immediately west of the Edna May Stage 2 open pit currently being mined (refer Figure 5) This represents a 12% increase over that stated by Evolution Mining Ltd on 31 December 2016 for the Edna May Mineral Resource notwithstanding gold production of some 99 koz since that date and approximately 98 koz remaining in Stage 2 open pit and stockpiles. New drilling and resource modelling has also increased confidence in the resources. Within the Edna May deposit, the drilling has confirmed the continuity of two significant high-grade underground lodes, likely to be extensions of the underground “reefs” mined historically. Mineral Resources for these lodes (included in the above Edna May Resource) are: | |
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