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Ramelius Resources Ltd.
Summary
| Project: | Mt Magnet | |
|---|---|---|
| Deposit: | Mt Magnet | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-12-2018: Ramelius Resources Ltd. announces an Exploration/Drilling Update report for its Mt Magnet deposit at the Mt Magnet project. Drilling results incl. 20.0m @ 645g/t Au from 28.0m. Ramelius Resources Limited (ASX: RMS) is pleased to report the fol | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kevin Seymour (Internal) | |
| ABSTRACT: | Ramelius Resources Limited (ASX: RMS) is pleased to report the following highly encouraging in-pit and regional exploration drilling results recently returned from its ongoing Exploration and Resource Development drilling programs at Mount Magnet and Edna May. Ramelius Managing Director, Mark Zeptner today said: “The discovery of the bonanza intersections immediately beneath the Stellar open pit, at Mount Magnet, is testament to the ongoing potential for this operation to deliver extremely high grade plunging ore shoots within and proximal to the known ore systems. This reinforces our commitment to continual exploration at Mount Magnet in driving reserve replacement to ultimately grow the gold camp well beyond its recorded 6 million ounces of production. Grade control drilling within the Stellar Open Pit had revealed the potential for a high-grade ore shoot extending beyond the current designed southern pit wall. Given the improving grades seen toward the base of the pit, two exploratory grade control RC holes were drilled from within the pit to test this plunge projection and intersected the following bonanza grade results. Eridanus Deeps diamond drilling was undertaken with three diamond holes (GXDD0074, 75 & 76) plus one diamond tail (GXRC0627) for an aggregate 2,282.2m (including 413m RC). A summary of the drilling completed is presented below. True widths remain undetermined at this stage as the litho-structural analysis of the various vein arrays observed in the diamond core is ongoing, but it is estimated that true widths will be 65-70% of the reported down hole intersections. | |
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