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Ramp Metals Inc V.RAMP

Alternate Symbol(s):  RMPMF

Ramp Metals Inc. is a Canada-based battery and base metal exploration company. The Company is focused on green field exploration and new technologies. The Company has two flagship properties located in northern Saskatchewan and one property in Nye County, Nevada. The Company’s properties include Peter Lake Domain (PLD) claims and Rottenstone SW. 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 12 mineral deposit claims covering approximately 17,285 hectares. The Rottenstone SW property is located along a regional northeast - southwest (NE-SW) structure from the historic Rottenstone Mine.


TSXV:RAMP - Post by User

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  • Oldschool2022X
Post by Oldschool2022on Jun 18, 2024 5:22pm
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Post# 36094878

Northern Miner after the close article about RAMP!

Northern Miner after the close article about RAMP!
 

Ramp Metals (TSXV: RAMP) shares rose 24% after it reported partial assay results from a new high-grade gold discovery in Saskatchewan.

The first hole the company drilled at the project, Ranger-01, hit 7.5 metres of 73.55 grams gold per tonne and 19.5 grams silver starting at 227 metres down-hole. That included a 1.5 metre section of 164 grams gold, 1.5 metres of 182 grams gold and 1.5 metres of 60.8 grams gold.

The same hole returned 5 metres of 4.27 grams gold, including 1.5 metre of 6.18 grams gold, and 1.5 metres of 7.28 grams gold, beginning at 293 metres. Another interval starting at 307 metres assayed 3 metres of 1.81 grams gold, 1 metre of 2.54 grams gold, and 1 metre of 2.85 grams gold.

The company, with a market cap of $18.6 million, ended the day 11¢ higher at 59¢ per share.

“We are thrilled to make a significant gold discovery in our first drill program on the property,” CEO Jordan Black said in a release. “These intercepts are in line with the highest-grade intercepts drilled in Saskatchewan. These drill results indicate a huge potential at Rottenstone SW and mark an exceptional milestone in Ramp Metals history.”

Ramp Metals began trading on the Toronto Venture Exchange in March after completing a reverse takeover of Anacott Acquisition Corp.

Ramp earned a 100%-interest in the Rottenstone SW and PLD properties by drilling 1,180 metres during the winter program. Three of the four holes drilled cut disseminated to semi-massive mineralization.

The Rottenstone SW target is a greenfield project located about 115 km north of La Ronge, Sask. The property includes the historic Rottenstone nickel-copper-platinum group elements plus gold mine produced about 40,000 tonnes of high-grade ore.

Ramp will continue investing two conductors (Rogue and Ranger) in the current program and two other untested conductive anomalies at Rottenstone SW with ground geophysics.

 Two grab samples taken last October from the project returned 5.11 grams gold per tonne and 1.09 grams gold.


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