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Ramelius Resources Ltd.
Summary
| Project: | Mt Magnet | |
|---|---|---|
| Deposit: | Milky Way, Stellar West, Brown Cow | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/27/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-6-2016: Ramelius Resources Ltd. announces an Exploration/Drilling Update report for its Milky Way, Stellar West, Brown Cow deposit at the Mt Magnet project. Drilling results incl. 20m @ 5.85g/t Au from 173m at Milky Way. Ramelius Resources Limited (ASX | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kevin Seymour (Internal) | |
| ABSTRACT: | Ramelius Resources Limited (ASX:RMS) is pleased to announce more high grade gold mineralisation at Milky Way, including 20m at 5.85 g/t Au suggesting the northern shoot remains open to the north; plus encouraging intersections from step out drilling at its new Stellar West and Brown Cow prospects. Stellar West and Brown Cow are located within 1km of the maiden Indicated and Inferred Milky Way resource (see ASX Release dated 9 May 2016 – Maiden 241,000oz Milky Way Resource – Mt Magnet, WA). These new targets attest to the under-explored nature of the highly prospective Boogardie Basin at Mt Magnet. Stellar West, Brown Cow and Milky Way are all located 1km south to southwest of the Galaxy mine area & 3.6km southwest of the processing plant at Mt Magnet in Western Australia (refer Figures 1 & 2). Ramelius has completed an aggregate 8,239m of reverse circulation (RC) drilling throughout May and June 2016. The drilling has been concentrated below the Milky Way Indicated Resource in addition to reconnaissance exploration drilling throughout the broader Boogardie Basin, south of the Galaxy mine area (refer Figure 3). Drilling is continuing and further results will be reported as they become available. | |
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