Ramp Metals Announces Final Assays and Additional Gold Target
Ramp Metals Announces Final Assays and
Additional Gold Target
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2024) - Ramp Metals Inc. (TSXV: RAMP) ("
Ramp
Metals
" or the "
Company
") is pleased to provide final drill results and a technical update for its new
high-grade gold discovery in Saskatchewan. The Company has now received final assays from its winter
2024 drill program at the Rottenstone SW property. In addition to the discovery hole (Ranger-01), the
Company also intersected gold mineralization in all drillholes at its Rogue target 3km away.
Highlights
Ranger-01 discovery hole with multiple gold zones, including 73.55 g/t Au and 19.50 g/t Ag from
227-234.5m (
Table 1).
Discovery hole is still open at depth and in all directions with casing left in place.
Gold mineralization intersected at Rogue target located 3km west, across regional strike from
Ranger.
Rottenstone SW land package recently increased to a total of 32,715 Ha. (
Figure 1)
"We are thrilled to make a significant gold discovery and be the first mover in a potential new gold
district. Our discovery hole is open in all directions with the last reportable intercept being very close to
the bottom of the hole. In addition to the Ranger target, our Rogue target also encountered gold which
points to the potential for a robust gold system on our property," states Jordan Black, the Company's
Chief Executive Officer.
Figure 1: Rottenstone SW - Updated Claims Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/215704_dd616ea734e56b6a_001full.jpg
Highlights
HOLE ID
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Target
Ranger-01
227
234.5
7.5
73.55
19.50
Ranger
Including
227
228.5
1.5
164.00
33.50
Including
230
231.5
1.5
182.00
60.80
Including
231.5
233
1.5
19.90
2.70
Ranger-01
293
298
5
4.17
1.01
Ranger
Including
293
294.5
1.5
6.18
1.40
Including
296
297.5
1.5
7.28
1.90
Ranger-01
307
310
3
1.81
0.37
Ranger
Including
307
308
1
2.54
0.60
Including
309
310
1
2.85
0.50
Rogue-01
14
18.5
4.5
0.66
0.27
Rogue
Including
14
15.5
1.5
1.15
0.50
Including
17
18.5
1.5
0.81
0.30
Rogue-02
216.5
218
1.5
0.60
-
Rogue
Rogue-03
243
244
1
1.22
0.90
Rogue
* Values denoted with "-" have not yet been assayed for Ag
Table 1: Highlighting significant results received from Ranger-01, Rogue-01, Rogue-02, & Rogue-03.
True widths are unknown at this time.
Figure 2: Rottenstone SW - Winter 2024 Drill Holes.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/215704_dd616ea734e56b6a_002full.jpg
Ranger Target
Ranger-01 drillhole was drilled to a depth of 314m and tested a conductive anomaly approximately 3km
east-south-east of the Rogue target (
Figure 2
). Prospecting in October 2023 discovered angular,
ultramafic boulders and outcrop at this location. Two samples from the October program, 170677 and
170681, returned significant gold values of 5.11 g/t and 1.09 g/t, respectively. After further inspection, it's
been determined that Quartz diorite was intersected from 145.05m until the end of the hole at 314m. The
main intrusive body was cross-cut with mafic dykes and thin bands of granitic material. The high-grade
sections noted in Table 1 contained very fine-grained visible gold. Mineralization was located within
higher strain zones with more pronounced foliation and can be seen in the figures below.
Figure 3: Ranger-01, core boxes 51 & 52 showing mineralized interval 225.50-234.48m of granitoids
crosscutting massive Quartz Diorite. Core in Figure 4 is circled in red.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/215704_dd616ea734e56b6a_003full.jpg
Figure 4: showing 231.15 - 231.27m of Ranger-01 with location of visible gold circled. This section
falls within the highlighted intercept of 73.55 g/t Au over 7.5m.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/215704_dd616ea734e56b6a_004full.jpg
Figure 5: 20X magnification of visible gold from circled area in Figure 4 above
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/215704_dd616ea734e56b6a_005full.jpg
Figure 6: 30X magnification showing fine-grained gold and silver smear along cut face of 231.15-
231.27 section (Figure 4).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/215704_dd616ea734e56b6a_006full.jpg
Rogue Target
The Rogue target also shows significant potential for gold. Three drill holes totalling 866m were drilled at
the Rogue target. All three holes intersected gold mineralization. The gold mineralization intersected to
date at Rogue appears to be associated with late-stage granitic pegmatites. The Company speculates
that the multiple low-grade intercepts (
Table 3
) and alteration styles encountered (
Figure 7
) at Rogue
point to the potential of a significant gold system on the property. The Rogue and Ranger targets are
located approximately 3km apart,
across regional strike
.
Despite no significant nickel or copper mineralization being intersected, the Company believes there
may be a spatial relationship between the pyrrhotite rich sulphide zones encountered and the gold
mineralization in the region.
Figure 7: Rogue-02, core boxes 73-76 showing intensely altered metavolcanics with silica flooding
and quartz veins. The photo is for geologic context and not representative of mineralized zones
encountered at the Rogue target.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/215704_dd616ea734e56b6a_007full.jpg
HOLE ID
Depth (m)
Easting*
Northing*
Elevation (m)
Dip
Azimuth
Target
Rogue-01
250.30
490106
6208238
470
-70
100
Rogue
Rogue-02
350.00
490103
6208240
470
-50
325
Rogue
Rogue-03
266.00
490006
6208293
471
-70
030
Rogue
Ranger-01
314.00
492758
6206675
437
-60
310
Ranger
*Coordinates in UTM NAD83 Zone 13
Table 2: Winter 2024 Rottenstone SW Drill Hole Summary
Expanded Results
HOLE ID
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Target
RANGER-01
58.5
60
1.5
0.25
0.30
219
220
1
0.52
-
220
221
1
0.52
-
227
228.5
1.5
164.00
33.50
228.5
230
1.5
0.87
0.40
230
231.5
1.5
182.00
60.80
231.5
233
1.5
19.90
2.70
233
234.5
1.5
0.99
0.40
Ranger-01
234.5
235
0.5
0.34
<0.2
Ranger
235
236
1
0.23
<0.2
238.5
239
0.5
0.27
-
281
282.5
1.5
0.26
<0.2
282.5
284
1.5
0.25
<0.2
293
294.5
1.5
6.18
1.40
296
297.5
1.5
7.28
1.90
297.5
298
0.5
0.91
0.20
307
308
1
2.54
0.60
309
310
1
2.85
0.50
310
311
1
0.27
<0.2
ROGUE-01
Rogue-01
14
15.5
1.5
1.15
0.50
Rogue
17
18.5
1.5
0.81
0.30
31.63
33.13
1.5
0.84
<0.2
34.63
35.65
1.02
0.46
<0.2
46.15
47.65
1.5
0.29
0.30
49.15
50.65
1.5
0.24
<0.2
61.89
63.39
1.5
0.21
<0.2
76.37
77.87
1.5
0.25
0.20
ROGUE-02
Rogue-02
216.5
218
1.5
0.60
-
Rogue
ROGUE-03
Rogue-03
243
244
1
1.22
0.90
Rogue
* Values denoted with "-" have not yet been assayed for Ag
** a cutoff grade of 0.2g/t Au has been used for values in this table
Table 3: Results received over 0.2 g/t Au from Ranger-01, Rogue-01, Rogue-02, & Rogue-03. True
widths are unknown at this time
"We could not be happier with the results from the first ever drill program at Rottenstone SW,"
commented Garrett Smith, VP Exploration for Ramp Metals. "While gold wasn't what we were looking for
out there, this just goes to show what can happen when you actually go out and test new targets. It also
highlights the importance of assaying every meter of core that is drilled, as this discovery could have
easily been missed otherwise. We look forward to following up on these results and showing the true
potential of this new gold discovery in Saskatchewan."
Next Steps
The Company is currently in the permitting and consultation process for an extensive geophysical,
mapping, and sampling program. A follow up fall/winter drill program is also being planned.
Further assays will be submitted in select sections to fill in Multi-Element gaps in results as well as whole
rock analysis to aid in further investigation and analysis.
As a result of the discovery, the Company is planning to shift its focus from battery metals to gold
exploration and will be updating its website and corporate presentation in the near future.
Geochemical Sampling Procedures
All drill core samples were sent to Saskatchewan Research Council Geoanalytical Laboratories ("SRC")
in Saskatoon, Saskatchewan (an accredited laboratory) by secure transport for base and precious metal
assay. Base metals were assayed by their ICP3 base metal package, which includes a total of 35
analytes by ICP-OES. All samples that were assayed by the ICP3 base metal package have been
analyzed for gold, platinum and palladium using the AU5 Fire Assay Technique. Any remaining samples
not sent for ICP3/AU5 were assayed using the AU2 Fire Assay Technique.
All drill holes are systematically logged, photographed and sampled by a trained geologist at Ramp
Metals' secure core processing facility. Drill core samples are marked in intervals of up to 1.5m and cut
in half using a diamond saw with half sent for assay and the other half saved for reference. Samples are
then bagged and zip-tied, with 10-13 bagged samples placed into sealed rice bags for transport to SRC
by Company personnel directly. Sample QA/QC procedures were applied by inserting a regular and
systematic schedule of standards, blanks and duplicates into the sample stream. Certified standard
reference material, blanks and duplicates were inserted into the sample stream at a minimum target of
5% insertion rate in addition to the laboratory's internal quality assurance programs. Blanks were
inserted at the start of each batch (35-36 samples) and additionally at the discretion of a trained
geologist after samples of high sulphide content. Certified standard reference material and duplicates
were inserted into the sample sequence at a rate of 1 in every 30 samples each, alternating between a
standard and duplicate every 15 samples.
The Rottenstone SW Property
The Rottenstone SW property is located in the Rottenstone Domain, in Northern Saskatchewan,
Canada, approximately 115 kilometers North of La Ronge, Saskatchewan. The property consists of 19
mineral deposit claims covering approximately 32,715 hectares. The Rottenstone SW property is
located along a regional NE-SW structure from the historic Rottenstone Mine, which produced 40,000
tons of high-grade nickel-copper-platinum group elements plus gold (Ni-Cu-PGE + Au) ore grading
3.28% Ni, 1.83% Cu and 9.63 g/t (Pt-Pd-Au).
Qualified Person
Brett Williams, P.Geo., VP Operations and Senior Geologist for Ramp Metals, and a "qualified person"
under National Instrument 43-101
Standards of Disclosure for Mineral Projects
, has reviewed and
approved the technical content in this news release.
About Ramp Metals Inc.
Ramp Metals is a grassroots exploration company with a focus on a potential new Saskatchewan gold
district. The company currently has new high-grade gold discovery of 73.55 g/t Au over 7.5m at its
flagship Rottenstone SW property. The Rottenstone SW property comprises of 32,715 hectares and is
situated in the Rottenstone Domain.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.