Ram Resources refines drill targets

THE CONFERENCE CALLER: Leading the announcement charge on Day Two of Diggers & Dealers, Ram Resources (ASX: RMR) reported the completion of reconnaissance aircore drilling the company’s Fraser Range nickel project in Western Australia.

The aim of the program was to further refine six high-priority targets.

Ram said the drilling had confirmed the presence of mafic rock units within the Yardilla structure.

The company intends using the results to refine exploration targets as it prepares the next phase of deeper RC drilling, which will test a number of previously identified electro-magnetic (EM) conductors.

 

Fraser Range – MLEM targets and drill collars. Source: Company announcement

 

“The drilling supported the geophysics – structurally the ultra mafics were there and the conductors sit within the contact zone, so we are pleased about that,” Ram Resources managing director Bill Guy told The Roadhouse.

According to the copany’s ASX announcement the aircore drilling confirmed mafic lithology in targets MLEML2/1, MLEML2/2, MLEML4/1, MLEM L5/1 and MLEM L6/1.

These targets have been upgraded for deeper drilling. No mafic units were intercepted at MLEM L14/1.

“Target 2 is probably a separate issue as it is a folded mafic complex, whereas targets 4, 5 and 6, we think, will actually end up being extensions of each other,” Guy explained.

Guy said that at this stage it is still too early to tell, however, the company is anticipating the drilling to confirm targets 4, 5 and 6 to be continuous.

Ram’s upcoming, deeper drilling program at the Fraser Range project will test up to 5 conductors the company has identified to depths of 122 to 200 metres.

The company said the magnetic interpretation of the Fraser Range South project had given it further confidence in its prospectivity.

Ram will undertake further geochemical and geophysical analysis over the coming months to refine what it considers to be targets that are emerging as being very promising for drilling.

Email: info@ramresources.com.au

Website: www.ramresources.com.au