Ramp Metals Announces Receipt of Exploration Permit and Commencement of 2024/25 Gold Exploration Campaign

Ramp Metals Announces Receipt of Exploration Permit and Commencement of 2024/25 Gold Exploration Campaign

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce the receipt of necessary permits to continue exploration at the Company's Rottenstone SW project. The Company will focus on its Ranger target where 73.55 gt Au over 7.5m was discovered. Mobilization of the field crew for the mapping and sampling program will occur on October 7, 2024.

"The Ramp Metals team hit a world class gold intercept after only one exploration season on site. Historically, the Rottenstone SW property has not been explored in detail. Saskatchewan is very underexplored in general, which shows the potential for a new gold district. The team will use the data from this mapping and sampling program to help prioritize areas for drill targeting," commented Jordan Black, CEO and Director of Ramp Metals Inc.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8725/225441_42fbd23f34d0dab5_001.jpg

Figure 1: Area of Focus for the Sampling and Mapping Program

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/225441_42fbd23f34d0dab5_001full.jpg

The goals of this program will be to attempt to find and trace the mineralized high-grade Quartz-Diorite at surface, and to follow up on the two samples (5.11 g/t and 1.09 g/t) from October 2023 which were found in a more mafic rock package.

Due to the presence of mineralization in two different rock packages, multiple samples will be taken from all lithologies encountered during the program. This has the potential to highlight more packages of interest and generate additional drill targets. Mapping and sampling of the surface bedrock units is critical to build a database of information essential for modeling important units and targeting mineralization accurately for the upcoming drill program.

The Ranger target has bedrock exposed at surface; therefore, the focus will be on collecting rock samples and mapping of bedrock. In lower lying areas of interest, where cover is thick and no outcrop is visible, soil samples will be taken.

The lower priority zones in Figure 1 are targets generated from our 2023 EM and Magnetic geophysical survey and will be visited if time allows. Bedrock exposure around the Rogue target is minimal and covered by 1-10m of overburden.

The Company is currently permitted for mapping, sampling and geophysics until December 2025. An amendment to allow up to 5000m of drilling has been submitted to the Saskatchewan Ministry of Environment.

In addition, Ramp Metals also announces that the Company has adopted a stand-alone restricted share unit plan (the "RSU Plan") in order to supplement its existing stock option plan, and granted an aggregate of 720,000 restricted share units (or RSUs) to certain directors, officers and consultants of the Company. Both the RSU Plan and the Company's existing stock option plan are "rolling up to 10%" plans, and the RSU Plan remains subject to the approval of the Company's shareholders as well as the acceptance of the TSX Venture Exchange (the "TSXV"). In accordance with the policies of the TSXV, none of the RSUs will vest until the date that is 12 months following the grant date, subject to certain limited exceptions.

Qualified Person

Brett Williams, P.Geo., VP Operations and Senior Geologist for Ramp Metals, and a "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical content in this news release.

About Ramp Metals Inc.

Ramp Metals is a grassroots exploration company with a focus on a potential new Saskatchewan gold district. The Company currently has new high-grade gold discovery of 73.55 g/t Au over 7.5m at its flagship Rottenstone SW property. The Rottenstone SW property comprises of 32,715 hectares and is situated in the Rottenstone Domain.

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.

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" 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 "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company's exploration activities.

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.

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.

For further information, please contact:

Ramp Metals Inc.

Jordan Black
Chief Executive Officer
jordaneblack@rampmetals.com

Prit Singh
Director
905 510 7636

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225441

News Provided by Newsfile via QuoteMedia

RAMP:CC
Ramp Metals

Ramp Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Ramp Metals (TSXV:RAMP)

Ramp Metals


Keep reading...Show less
Ramp Metals Confirms New "Rush" Copper Discovery, Announces Mobilization for Geophysics Ahead of Drill Program

Ramp Metals Confirms New "Rush" Copper Discovery, Announces Mobilization for Geophysics Ahead of Drill Program

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce a new copper discovery found during its recently completed mapping and sampling program on its flagship Rottenstone SW property. The Company has now confirmed three unique mineralized targets on the property, including the gold discovery of 73.55 gt Au over 7.5m that was identified in drillhole Ranger-01.

Key Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Ramp Metals Discovers New Mineralized Target Northwest of Ranger Gold Discovery

Ramp Metals Discovers New Mineralized Target Northwest of Ranger Gold Discovery

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to provide an update on its Rottenstone SW property where a gold discovery of 73.55 gt Au over 7.5m was identified in drillhole Ranger-01. The Company recently completed a mapping and sampling program to follow up on this discovery, and to groundtruth other potential targets that were generated from the 2023 TDEM geophysical survey.

The mapping and sampling program focused on the Ranger, Rogue, and newly identified Rush targets (Figure 1). During this program, a total of 312 rock samples and 225 soil samples were taken (Figure 2) throughout the Rottenstone SW property. Assays from this program are currently pending.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Ramp Metals Announces Sale of Railroad Valley Project to Canter Resources and Provides Exploration Update

Ramp Metals Announces Sale of Railroad Valley Project to Canter Resources and Provides Exploration Update

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce the proposed sale of the Company's Railroad Valley Project located in Nye County, Nevada, to Canter Resources Corp. (CSE: CRC) ("Canter").

On September 11, 2024, Ramp Metals USA Inc, a wholly owned subsidiary of Ramp Metals ("Ramp USA"), entered into a claims acquisition agreement with Canter and an indirect wholly owned subsidiary of Canter pursuant to which Ramp USA agreed to sell its 100% interest in 50 unpatented association placer claims to Canter's subsidiary in exchange for (i) 300,000 common shares of Canter at a deemed price of $0.13 share and (ii) the reimbursement of certain claim maintenance fees recently paid by Ramp USA.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Ramp Metals Announces Closing of Oversubscribed $4.9M Non-Brokered Private Placement Led by Strategic Investors Eric Sprott and EarthLabs

Ramp Metals Announces Closing of Oversubscribed $4.9M Non-Brokered Private Placement Led by Strategic Investors Eric Sprott and EarthLabs

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce that the Company has closed its previously announced non-brokered private placement financing (the "Financing") for total proceeds of $4,937,125.58. The Financing was led by Eric Sprott and EarthLabs.

In the Financing, Ramp Metals issued and sold an aggregate of 4,090,546 charity flow-through common shares (the "CFT Shares") at a price of $0.78 per CFT Share, plus 3,175,454 common shares (the "Common Shares") at a price of $0.55 per Common Share. No finder's' fees were payable in connection with the Financing.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Ramp Metals Announces Upsizing of Non-Brokered Private Placement Led by Strategic Investors Eric Sprott and EarthLabs

Ramp Metals Announces Upsizing of Non-Brokered Private Placement Led by Strategic Investors Eric Sprott and EarthLabs

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce that, due to investor demand, the Company is increasing the size of its previously announced non-brokered private placement financing from $4,500,000 to approximately $4,900,000 (the "Offering"). The Offering is expected to be led by Eric Sprott and EarthLabs.

The issue price of the securities in the Offering, namely the common shares of the Company (the "Common Shares") and the charity flow-through Common Shares (the "CFT Shares"), is unchanged at $0.55 per Common Share and $0.78 per CFT Share.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Noble Minerals More Than Triples the Size of the Cere Villebon Copper, Nickel, Cobalt, Platinum Group Property, Quebec

Noble Minerals More Than Triples the Size of the Cere Villebon Copper, Nickel, Cobalt, Platinum Group Property, Quebec

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario TheNewswire - January 27, 2025 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to report acquisition of additional claims on the wholly owned Cere Villebon Property located southeast of Val d'Or, Quebec.  The claims were acquired by map staking and the new property area is now approximately 1,573 Hectares.  The new area staked is currently being evaluated for the potential to host similar mineralization to that found in 2023.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heritage Receives Drill Permit  and Secures additional Drill Program Contracts and Drill Mobilization

Heritage Receives Drill Permit and Secures additional Drill Program Contracts and Drill Mobilization

(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Bold Stakes Claims Near Springpole and Grants Options

Bold Stakes Claims Near Springpole and Grants Options

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that the Company has staked 208 single cell claims covering 4180 hectares. The property, named the Springpole East Gold Project, is located 120 km east-northeast of the town of Red Lake, Ontario, and 9 km east of the Springpole Gold Deposit of First Mining Gold Corp ("First Mining") (Figure 1), which contains a resource of 4.6 Moz Au @ 0.94 gt Au in the Indicated Mineral Resource category and 0.3 Moz Au @ 0.54 gt Au in the Inferred Mineral Resources category (First Mining website).

Additionally, the Canamer or Birch Lake East Occurrence is located approximately 1.3 km west of the Property boundary, where First Mining obtained a result of 15.3 g/t Au from a grab sample in 2022 (First Mining January 17, 2023 news release). The showing is hosted in banded iron formation, a rock type which has been mapped in the northwest part of the Springpole East Property, corresponding to prominent magnetic anomalies (see Figure 2).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Nuvau Minerals Inc. Appoints Market Maker

Nuvau Minerals Inc. Appoints Market Maker

Nuvau Minerals Inc. (TSXV: NMC) ("Nuvau" or the "Company") is pleased to announce that it has entered into a market maker agreement dated January 9, 2025 (the "Agreement") to retain Ventum Financial Corp. ("Ventum"), at its principal offices in Vancouver, British Columbia to provide market making services (the "Services") in accordance with Policy 3.4 - Investor Relations, Promotional and Market-Making Activities of TSX Venture Exchange (the "Exchange").

Ventum is a full-service registered investment dealer head-quartered in Vancouver, British Columbia and Toronto, Ontario, with offices across Canada. Ventum will trade the securities of Nuvau on the Exchange for the purposes of maintaining an orderly market. In consideration of the Services provided by Ventum, the Company will pay Ventum a monthly cash fee of $5,000, to be pro-rated for any period that is less than one full month, plus any applicable taxes. It is anticipated that the total costs of the Services to the Company for the Term will be approximately $60,000, plus applicable taxes. Ventum will not receive common shares or options as compensation pursuant to providing the Services. The capital used for market making will be provided by Ventum.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Cygnus' first drill hole returns up to 9.1% Cu outside Resource

Cygnus' first drill hole returns up to 9.1% Cu outside Resource

The outstanding intersection of   7.3m at 4.2%   Cu reveals a potential new lode ~250m from the main deposit; Follow-up downhole EM identifies a large off-hole conductor; Two diamond drill rigs currently on site

HIGHLIGHTS:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Ramp Metals

Ramp Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×