Ram Resources picks up Fraser Range tenements

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THE DRILL SERGEANT: Ram Resources (ASX: RMR) has moved into the country’s hottest exploration address having acquired an option over three new tenements in the Fraser Range nickel-copper belt of Western Australia.

The new tenements cover 410 square kilometres and located close to Sirius Resources’ (ASX: SIR) Crux anomaly, which has generated promising early exploration results.

Other explorers are also active in the area with recent results from Enterprise Metals (ASX: ENT) and Matsa Resources (ASX: MAT) providing some encouragement.

The new tenements, known as the Fraser Range South project, lie 32 kilometres south and along strike of Ram’s existing Fraser Range project and 65km south of Sirius’ Nova nickel-copper deposit.

 

Location Map. Source: Company announcement

 

A preliminary assessment of the new tenements has highlighted a number of high-priority areas for exploration.

Ram said it intends to implement a geo-chemistry program for nickel exploration, which will include the Fraser Range Fault zone, Fraser Range Complex and 28 VTEM anomalies identified by previous explorers.

Field work has started with geologists in the field and further work including magnetics and soil sampling will take place next quarter.

The company considers the option over the additional 410sqkm of tenements provides it with promising exploration prospects on the southern extension of the Fraser Range Complex and Biranup contact zone.

“This belt is arguably the hottest exploration ground in Australia at the moment and we have a significant land holding on three sides now,” Ram Resources managing director Bill Guy said in the company’s announcement to the Australian Securities Exchange.

“We have an active and ongoing exploration program underway on our tenements, as do many other companies in the Fraser Range.

“This combination means there is enormous opportunity for strong newsflow that could generate positive results for Ram shareholders.”

Email: info@ramresources.com.au

Website: www.ramresources.com.au