{"id":2551,"date":"2024-03-29T00:06:25","date_gmt":"2024-03-29T00:06:25","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/29\/ramp-metals-provides-exploration-update-and-announces-drilling-campaign\/"},"modified":"2024-03-29T00:06:25","modified_gmt":"2024-03-29T00:06:25","slug":"ramp-metals-provides-exploration-update-and-announces-drilling-campaign","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/29\/ramp-metals-provides-exploration-update-and-announces-drilling-campaign\/","title":{"rendered":"Ramp Metals Provides Exploration Update and Announces Drilling Campaign"},"content":{"rendered":"
\n

Ramp Metals Inc. (TSXV: RAMP) (\u2018Ramp Metals\u2019 or the \u2018Company\u2019) is pleased to provide an update on the Company\u2019s exploration activities, including a drilling program at its flagship Rottenstone SW property.<\/p>\n

Key Highlights<\/p>\n

Commencement of the Company\u2019s 2024 drilling program on the Rottenstone SW property. To date, the Company has successfully drilled four (4) holes for a total of 1180m with the core being transported to a facility to be processed.Completion of the exploration program recommended in the Technical Report on the Rottenstone SW property, including airborne time domain electromagnetics (TDEM) geophysical survey, soil sampling and interpretation of the geophysical survey for drill target generation. <\/p>\n

\u2018We are excited to provide an update on our exploration activities and our initial drilling campaign,\u2019 commented Jordan Black, CEO of Ramp Metals. \u2018After receiving the data from our geophysics program, we noticed similarities between our eye structure and the Nova Eye that was discovered by Dr. Mark Bennett at Sirius Resources. The team is excited about the potential of these drill targets and making a brand new discovery in Saskatchewan.\u2019<\/p>\n

The recommended work program on the Rottenstone SW property yielded what Ramp Metals believes are favourable results, which prompted the Company to carry out a drilling program in order to better understand the subsurface geology of the property.<\/p>\n

Four high-priority targets were generated from the dataset. The Company\u2019s current drilling program is testing two of these near-surface targets. The first target is the anomaly in the center of the claims and is located within the \u2018Rottenstone Eye\u201d structure. The second is an anomaly outside the eye structure approximately 3 km East-South-East of the first location.<\/p>\n

The Rottenstone SW Property<\/p>\n

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 NE-SW structure from the historic Rottenstone Mine, which produced 40,000 tons of high grade nickel-copper-platinum group elements plus gold (Ni-Cu-PGE + Au) ore grading 3.28% Ni, 1.83% Cu and 9.63 g\/t (Pt-Pd-Au).<\/p>\n

In April 2023, the Company completed an 858 line-km airborne time domain electromagnetics (TDEM) geophysical survey which was flown at 100m spacing. The survey was flown using the 30Hz Xcite Time Domain Electromagnetic (TDEM) system towed by an FX2 helicopter platform, collecting time domain electromagnetic and total field magnetic data simultaneously.<\/p>\n

The survey generated a high-definition magnetic map of the \u2018Rottenstone Eye\u2019 structure (Figure 1) and compelling EM targets. The eye structure and location of the conductive targets show striking similarities to geophysical response of the Nova-Bollinger deposit. <\/p>\n

Figure 1: Total magnetic intensity map<\/p>\n

To view an enhanced version of this graphic, please visit:
https:\/\/images.newsfilecorp.com\/files\/8725\/203395_699aae9e840f680b_001full.jpg<\/p>\n

The EM data displays prominent, discrete conductors associated with both the early times, as well as distinct late time conductors at depth (Figure 2). The profile maps of the layered earth inversion also show conductivity continuing at depth for the anomaly in the center of the claims.<\/p>\n

Figure 2: Select EM Channel Grids: dB\/dt Z Component<\/p>\n

To view an enhanced version of this graphic, please visit:
https:\/\/images.newsfilecorp.com\/files\/8725\/203395_rampfigure2.jpg<\/p>\n

Qualified Person<\/p>\n

Brett Williams, P.Geo., VP Operations and Senior Geologist for Ramp Metals, and a \u2018qualified person\u2019 under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical content in this news release.<\/p>\n

About Ramp Metals Inc.<\/p>\n

Ramp Metals is a battery and base metal exploration company with two flagship properties located in northern Saskatchewan and one property in Nye County, Nevada. The management team is passionate about green field exploration and new technologies. The vision of Ramp Metals is to make the next big discovery required to fuel the green technology movement.<\/p>\n

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.<\/p>\n

FORWARD-LOOKING STATEMENTS<\/p>\n

This news release contains \u2018forward-looking statements\u2019 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 \u2018plans\u2019, \u2018expects\u2019 or \u2018does not expect\u2019, \u2018is expected\u2019, \u2018budget\u2019, \u2018scheduled\u2019, \u2018estimates\u2019, \u2018forecasts\u2019, \u2018intends\u2019, \u2018anticipates\u2019 or \u2018does not anticipate\u2019, or \u2018believes\u2019, or variations of such words and phrases or may contain statements that certain actions, events or results \u2018may\u2019, \u2018could\u2019, \u2018would\u2019, \u2018might\u2019 or \u2018will be taken\u2019, \u2018will continue\u2019, \u2018will occur\u2019 or \u2018will be achieved\u2019. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company\u2019s exploration activities. <\/p>\n

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.<\/p>\n

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.<\/p>\n

For further information, please contact: <\/p>\n

Ramp Metals Inc.<\/p>\n

Jordan Black
Chief Executive Officer
jordaneblack@rampmetals.com<\/p>\n

Prit Singh
Director
905 510 7636<\/p>\n

To view the source version of this press release, please visit https:\/\/www.newsfilecorp.com\/release\/203395<\/p>\n<\/div>\n

News Provided by Newsfile via QuoteMedia<\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Ramp Metals Inc. (TSXV: RAMP) (\u2018Ramp Metals\u2019 or the \u2018Company\u2019) is pleased to provide an update on the Company\u2019s exploration activities, including a drilling program at its flagship Rottenstone SW property. Key Highlights Commencement of the Company\u2019s 2024 drilling program on the Rottenstone SW property. To date, the Company has successfully drilled four (4) holes […]<\/p>\n","protected":false},"author":0,"featured_media":2552,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/2551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=2551"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/2551\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/2552"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=2551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=2551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=2551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}