THE DRILL SERGEANT: Ramelius Resources (ASX: RMS) announced results from recent drilling undertaken at Symes’ Find deposit at the company’s Hampton project in Western Australia.
Ramelius Resources said surface laterite gold mineralisation plus shallow oxide and bedrock gold mineralisation has been returned from step-out drilling beyond the previously reported 34,000 ounces Indicated and Inferred Mineral Resource at Symes’ Find.
Infill and step-out shallow oxide RC drill results from the recent drilling include:
11 metres at 4.38 grams per tonne gold from 2m, including 1m at 18.6g/t gold;
9m at 12.72g/t gold from 12m, including 1m at 99g/t gold
6m at 10.67g/t gold from 29m, including 3m at 19.58g/t gold
6m at 9.32g/t gold from 40m, including 2m at 23.8g/t gold
12m at 2.4g/t gold from 11m, including 1m at 10.4g/t gold
Deeper infill RC drill results confirmed continuity of mineralisation down dip within the fresh rock at Symes’ Find, including:
9m at 3.07g/t gold from 79m, including 1m at 8.19g/t gold
12m at 3.38g/t gold from 49m, including 1m at 9.45g/t gold
Further step-out surface laterite drill results also returned from Symes’ Find, included:
12m at 2.7g/t gold from surface
6m at 4.06g/t gold from 1m
5m at 2.61g/t gold from surface
Symes’ Find is located 120 kilometres southeast from the Edna May gold mine.
Ramelius indicated that drill access has recently been limited due to the winter grain cropping season, but where access was permissible the mineralisation shows good strike continuity to the south, into the larger Mt Hampton project.
Further strike extension step-out drilling is scheduled to commence once the winter grain crops have been harvested around mid-December this year.
“The latest Symes’ Find drilling results are further testament to the potential of the Edna May region to deliver future resources and reserves for the company and highlight the significance of Ramelius’ decision to consolidate a dominant land package extending over 130 kilometre strike through prospective stratigraphy around the Edna May gold mine,” Ramelius Resources managing director Mark Zeptner said in the companny’s announcement to the Australian Securities Exchange.
“We will continue to systematically explore the highly prospective Westonia/Holleton and Tampia greenstone belts to consolidate Edna May as a significant long-term production centre for the company.”