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Ramelius Resources Ltd.
Summary
| Project: | Symes Option | |
|---|---|---|
| Deposit: | Symes Find | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-5-2019: Ramelius Resources Ltd. announces an Exploration/Drilling Update report for its Symes Find deposit at the Symes Option project. Drilling results incl. 8.0m @ 17.05g/t Au from 33m. Ramelius Resources Limited (ASX:RMS) (“Ramelius”, “the Company”) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kevin Seymour (Internal) | |
| ABSTRACT: | Ramelius Resources Limited (ASX:RMS) (“Ramelius”, “the Company”) is pleased to announce significant surface laterite gold mineralisation plus shallow oxide and bedrock gold mineralisation at its 100% owned Symes’ Find Mining Lease, located 120km southeast from Edna May, via sealed roads (refer Figures 1 & 4). Gold mineralisation is associated with a series of stacked, shallow southeast plunging high grade mineralised shoots controlled by the intersection of subvertical shears and the east dipping mafic gneiss host rocks. Mineral Resource and Ore Reserve estimation work is now underway, with open pit optimisation work scheduled for completion before 30 June 2019. Ramelius Managing Director, Mark Zeptner today said: “The Symes’ Find drilling results are testament to the potential of the Westonia/Holleton Greenstone Belt to deliver future resources and reserves for the Company and highlight the significance of Ramelius’ decision to consolidate a dominant land package extending over 130km strike through prospective stratigraphy south of the Edna May gold mine. The Symes’ Find project represents the first significant gold discovery (outside of Edna May) to be identified in the greenstone belt, despite over 30 years of modern exploration by various companies prior to Ramelius’ involvement and it represents a potentially significant future ore source for Edna May.” | |
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