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Ramelius Resources Ltd.
Summary
| Project: | Mt Magnet | |
|---|---|---|
| Deposit: | Stellar | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-1-2019: Ramelius Resources Ltd. announces an Exploration/Drilling Update report for its Stellar deposit at the Mt Magnet project. Drilling results incl. 34m @ 25.3g/t Au from 8m. Ramelius Resources Limited (ASX: RMS) (“Ramelius”, “the Company”) is plea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rob Hutchison (Internal) | |
| ABSTRACT: | Ramelius Resources Limited (ASX: RMS) (“Ramelius”, “the Company”) is pleased to report results for infill drilling targeting the high-grade gold intersections reported from the Stellar open pit, at its Mt Magnet operation in Western Australia (refer Figure 1), in December 2018 (see ASX announcement 10 December 2018). New close-spaced RC infill drilling was completed from the open pit floor to test mineralisation within and immediately below the current pit design. The grade control infill drilling shows the two super high-grade intercepts (+200g/t Au) reported on 10 December 2018 relate to separate, limited extent, high-grade quartz veins. Nonetheless, the infill results have been promising, with numerous high-grade hits occurring within a moderately mineralised 10-20m wide lode zone. Results closest (5m or less) to the previous super high-grade intercepts, include 10m @ 79.9 g/t (GXMM027927) and 7m @ 38.1 g/t (GXMM027941), next to GXMM027555, and 7m @ 96.2 g/t (GXMM027931) adjacent to GXMM027554. Grade appears to increase toward the ultramafic contact which sits below the pit. True widths of individual intercepts are variable due to the steep holes and stockwork vein style and generally 20- 40% of reported intervals. Further deeper exploration of the Stellar mineralisation is planned using surface drilling to the south of the pit. Interpretation and modelling of the drilling is now in progress and should extend the comparatively high-grade resource both within the remaining, and below, the current Stellar pit design. Results of this work will be included in the December 2018 Quarterly report to be released later this month. | |
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