Ramp Metals Discovers New Mineralized Target Northwest of Ranger Gold Discovery
Ramp Metals Discovers New Mineralized
Target Northwest of Ranger Gold Discovery
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2024) - Ramp Metals Inc. (TSXV: RAMP)
("
Ramp Metals
" or the "
Company
") is pleased to provide an update on its Rottenstone SW property
where a gold discovery of
73.55 g/t Au over 7.5m
was identified in drillhole Ranger-01. The Company
recently completed a mapping and sampling program to follow up on this discovery, and to groundtruth
other potential targets that were generated from the 2023 TDEM geophysical survey.
The mapping and sampling program focused on the Ranger, Rogue, and newly identified Rush targets
(
Figure 1
). During this program, a total of 312 rock samples and 225 soil samples were taken (
Figure 2
)
throughout the Rottenstone SW property. Assays from this program are currently pending.
Figure 1: Area of Focus for the Sampling and Mapping Program.
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Figure 2: October 2024 field program sample overview, overlaying TDEM channel 25
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Ranger
The Ranger target is in an area of exposed bedrock ridges which parallel the NE-SW striking regional
foliation. A NE-SW striking high-conductivity zone approximately 1350m in length is associated with the
target. The main lithologies encountered in this area are migmatites and intrusive quartz diorite, with
minor volcanic and sedimentary packages.
To date, gold mineralization has been found in two distinct rock packages. Prospecting in fall 2023
discovered two samples grading 5.11 g/t Au and 1.09 g/t Au in mafic packages within the migmatite
country rock. These samples were located on separate ridges approximately 100m across regional
strike (
Figure 1
). The discovery intercept of 73.55 g/t Au over 7.5m was found in a coarse grained quartz
diorite. During the October 2024 field program, a total of 177 rock samples were taken around the
Ranger target (
Figure 3
), with a focus on these two packages of interest.
Rogue
The Rogue target is located approximately 3km NW from Ranger. The area is heavily forested and is
covered by 10m of glacial till overburden. The conductive geophysical targets appear to be associated
with regional folding. The targets are located within the axis of these folds. Limited drilling to date has
identified broad zones of chlorite alteration along with pyrrhotite, arsenopyrite, pyrite, and minor gold
mineralization (
see Ramp Metals' news release dated July 8, 2024
). The Company believes that these
indicators warrant further exploration of these targets. A total of 221 soil samples and 1 rock sample
were taken throughout the Rogue target area.
Figure 3: Sample locations over Rogue & Ranger targets overlaying TDEM Channel 25
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Figure 4:
Rusty Schist outcrop at 'Ranger'
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Figure 5:
Channel sample taken at 'Ranger'
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Rush
The Rush target is a newly identified area of interest located approximately 7.5 km NW of Ranger. It
consists of a NE-SW striking zone of high conductivity approximately 1200m in length. The area is
heavily forested and bedrock exposure is limited to sporadic ridges which parallel the NE-SW regional
foliation. A total of 56 rock samples and 24 soil samples were taken over the area. Disseminated
Chalcopyrite and Malachite staining were noted in multiple rock samples.
This mineralized zone was traced for 20m along the base of an exposed ridge, and dips under cover to
the NE and SW.
Figure 6: 'Rush' sample locations overlaying TDEM Channel 25. Photos of samples SRC416800 &
SRC170558 can be seen in Figures 7 & 8 below.
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Figure 7: 'Rush' sample SRC416800 showing weathered ultramafic with malachite staining
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Figure 8. 'Rush' sample SRC170558. Example of Malachite staining taken at contact of ultramafic
and migmatite
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“The Rush target is an exciting new development as it highlights just how underexplored the Rottenstone
domain is,” commented Garrett Smith, VP of Exploration at Ramp Metals Inc. “As we eagerly await the
results from the October program, we are excited by the potential of a new deposit type to go along with
our recent gold discovery.”
The Company is currently planning an extensive airborne geophysical program in order to complete the
dataset over the entire Rottenstone SW property. The geophysical program, combined with the lab
results from the above-noted mapping program will be used to define drill targets in the upcoming winter
drill program. An amendment to allow up to 5000m of drilling has been submitted to the Saskatchewan
Ministry of Environment (
see Ramp Metals' news release dated Oct 3, 2024
) and is currently in the
review process.
QA/QC and Geochemical Sampling Procedure
All rock and soil samples were taken, described, photographed, and bagged on-site. Control samples
consisting of certified reference samples and blank samples were systematically inserted into the
sample stream and analyzed as part of the Company's QA/QC protocol at a rate of 1:15 or better. All
samples were transported by Ramp Metals staff to a secure warehouse, packaged and then transported
by Manitoulin Transport to Bureau Veritas Commodities Canada Ltd.("BV"), an internationally
recognized and ISO 17025:2017 accredited analytical services provider, at its Vancouver, British
Columbia laboratory.
Samples have been submitted to BV using the following packages and procedures:
Rock samples are prepared using the PRP70-250 package, where samples are weighed, dried, and
crushed to greater than 70% passing a 2mm sieve, then pulverized to greater than 85% passing 75
microns.
Samples are then analyzed in accordance with BV's FA330 and MA300 packages, for both
gold, platinum and palladium analysis by fire assay (30g fire assay with AAS finish) and multi-element
ICP analysis (0.25 g, multi-acid and ICP-ES analysis). Gold returning >10ppm is automatically analyzed
by gravimetric method in accordance with BV's standard of practice.
Soil samples are prepared using BV's SS80 package, where samples are dried at 60°C and sieved to
depletion to -180 μm (80 mesh). Samples are then analyzed in accordance with BV's AQ251+PGM
package, an ultra-trace by ICP-MS analysis where aqua regia digestion is used for low to ultra-low
determination on soils followed by a 37 element (including gold) ICP-MS with the platinum, palladium
add on for analysis of a 15g sample.
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 a 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.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of applicable securities
laws. All statements contained herein that are not clearly historical in nature may constitute forward-
looking statements. Generally, such forward-looking information or forward-looking statements can be
identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or may contain statements that certain
actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or
"will be achieved". The forward-looking information and forward-looking statements contained herein
include, but are not limited to, statements regarding the Company's exploration activities.
These statements involve known and unknown risks, uncertainties and other factors, which may cause
actual results, performance or achievements to differ materially from those expressed or implied by such
statements, including but not limited to: requirements for additional capital; future prices of minerals;
changes in general economic conditions; changes in the financial markets and in the demand and
market price for commodities; other risks of the mining industry; the inability to obtain any necessary
governmental and regulatory approvals; changes in laws, regulations and policies affecting mining
operations; hedging practices; and currency fluctuations.
Although the Company has attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking statements, there may be other
factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on any forward-looking statements or information.
No forward-looking statement can be guaranteed. Except as required by applicable securities laws,
forward-looking statements speak only as of the date on which they are made and the Company does
not undertake any obligation to publicly update or revise any forward-looking statement, whether as a
result of new information, future events, or otherwise.
For further information, please contact:
Ramp Metals Inc.
Jordan Black
Chief Executive Officer
Prit Singh
Director
905 510 7636
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