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Ramelius Resources Ltd.
Summary
| Project: | Vivien | |
|---|---|---|
| Deposit: | Vivien | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-9-2017: Ramelius Resources Ltd. announces an Exploration/Drilling Update report for its Vivien deposit at the Vivien project. Drilling results incl. 10.3m @ 9.20g/t Au from 290.73m. Ramelius Resources Limited (ASX:RMS) is pleased to announce new results | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kevin Seymour (Internal) | |
| ABSTRACT: | Ramelius Resources Limited (ASX:RMS) is pleased to announce new results from recent resource development and exploration drilling programmes at its Mt Magnet and Vivien operations in Western Australia as well as exploration drilling success at Yandan North in northern Queensland (refer Figure 1). Ramelius owns 100% of the Mt Magnet gold mine and associated processing plant located in the Murchison region of Western Australia. The Company is mining underground at the high-grade Vivien gold mine near Leinster as well as underground at Water Tank Hill and open pit mining at Mt Magnet, with several pit cut-backs and new pits underway that form part of the new Cosmos Mine Area (refer Figure 2). The Shannon deposit is located 500m south-west of the Milky Way open pit. An open pit forms part of the new Cosmos mine plan (refer Figure 2 and the June 2017 Quarterly Activities Report for details). The Shannon mineralisation is dominated by a high-grade quartz vein within the felsic porphyry host rock. The lode is truncated by an east-west trending fault to the north such that the true economic strike of the deposit is yet to be determined and will be the focus of deeper exploration drilling over the next few months. A total of thirty-one resource definition RC holes (6,269m), two HQ geotechnical diamond holes (366.4m) and one diamond tail hole (311.6m) have been completed at Shannon since March 2017, with drilling testing the mineralised lode to a depth of approximately 250m beneath surface (refer Figure 3). Assay results for the RC holes not previously reported (GXRC0556 – GXRC0569) are listed in Attachment 1. Results have now been received from the three diamond drill holes (YNDD001 – 3) completed over the North Yandan EPM last Quarter (refer Figure 5). Best results were from hole YNDD002 (Firefly Prospect) that intersected highly encouraging zones of epithermal veining and sulphide brecciation over a 160m downhole interval, with estimated true widths of the mineralisation between 5-20m (refer Figure 6, with assay results listed in Attachment 2). Strongly anomalous gold mineralised zones included intervals up to 28m at 0.27 g/t Au with sporadic higher grade zones up to 4m at 1.71 g/t Au within the andesitic to dacitic flows to a depth of 230m below surface. | |
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