Ramp Metals Provides Drilling Update and Confirms Copper-Zinc Mineralization at Rush Target

Ramp Metals Provides Drilling Update and Confirms Copper-Zinc Mineralization at Rush Target

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce that the Company has intersected semi-massive and massive sulphides with chalcopyrite and sphalerite mineralization at the Rush target.

The Rush target is a NE-SW trending conductive anomaly over 1100m in length. Rock samples from the October 2024 field program returned values of up to 1.61% copper, 0.79 g/t gold, and up to 113 g/t silver across different samples. In addition, soil geochemistry samples taken above the anomaly returned values up to 798.5ppm copper and 21,152ppb silver(21.15 g/t). More details can be found in the Press Release dated January 20th.

Drilling to date has intersected semi massive and massive sulphide mineralization in all 3 drill holes at Rush. The presence of sphalerite and chalcopyrite has been confirmed with a Thermo Scientificâ„¢ Nitonâ„¢ XL5 Plus handheld XRF analyzer.

Rush-001 was drilled to 177m and intersected disseminated sulphide and stringer mineralization from approximately 12.5m - 30m in depth. Semi-massive sulphides were intersected from approximately 31.5m - 33.25m. Massive sulphides were intersected over 3.2m from 61.50-64.69m (Figure 1).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8725/250138_775e0b64e4d5b8d9_001.jpg

Figure 1: Rush-001 Massive Sulphide Intersection at 61.50-64.69m depth

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/250138_775e0b64e4d5b8d9_001full.jpg

Discontinuous intersections of semi massive and massive sulphide were also encountered from 70.15 -73.5m along Rush-001 (Figure 2).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8725/250138_775e0b64e4d5b8d9_002.jpg

Figure 2: Rush-001 - Discontinuous intersections of semi-massive and massive sulphide from 70.15 -73.5m

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/250138_775e0b64e4d5b8d9_002full.jpg

Rush-002 was drilled to 123m and intersected semi-massive and massive sulphides over 2.7m from 69.25-71.95m depth (Figure 3).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8725/250138_775e0b64e4d5b8d9_003.jpg

Figure 3: Rush-002 - Semi-massive and massive sulphide over 2.7m beginning at 69.25m

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/250138_775e0b64e4d5b8d9_003full.jpg

Discontinuous sections of semi-massive sulphides were also encountered from approximately 76m-91.25m downhole on Rush-002(Figure 4)

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8725/250138_775e0b64e4d5b8d9_004.jpg

Figure 4: Rush-002 - boxes 17 and 18 showing discontinuous semi-massive to massive sulphide mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/250138_775e0b64e4d5b8d9_004full.jpg

The Company has decided to extend the drilling program to a total of 19-20 holes to follow up and continue the successful drilling at Rush.

"We are pleased to announce a potential VMS discovery today," said Jordan Black, CEO of Ramp Metals. "The presence of semi-massive to massive sulphides containing chalcopyrite and sphalerite within a 1,100-metre conductor represents a highly compelling development and underscores the potential of our exploration program."

Disclaimer: Grab Sample are selected samples and may not represent true underlying mineralization. Additionally, soil sampling surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery.

Ranger

The Company has completed seven holes at its Ranger target on the Rottenstone SW property.

Of the seven holes completed at Ranger, six were drilled in the vicinity of the Ranger-001 discovery hole which returned values of 73.55 g/t over 7.5m, as seen in the June 17, 2024 News Release. Quartz diorite was intersected in all six holes over significant widths. Mafic dykes cross-cut the quartz diorite intrusion. Potassic and hematite alteration was noted along with carbonate stringers (Figures 5 and 6).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8725/250138_775e0b64e4d5b8d9_005.jpg

Figure 5: Ranger-003 - Mafic dyke with altered quartz-diorite and carbonate stringers.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/250138_775e0b64e4d5b8d9_005full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8725/250138_775e0b64e4d5b8d9_006.jpg

Figure 6: Ranger-005 - Potassic alteration of quartz diorite with mafic dyke.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/250138_775e0b64e4d5b8d9_006full.jpg

The final hole drilled at Ranger, Ranger-008, tested one of the new eastern EM anomalies described in the April 14th news release.

QA/QC

Uncut whole NQ drill core was analyzed by a Thermo Scientificâ„¢ Nitonâ„¢ XL5 Plus handheld XRF, operated by Ramp Metals staff on site. The Portable X-Ray Fluorescence ("pXRF") data is exploratory in nature and is used predominantly as an internal workflow to assist in target prioritization and mineral identification through an early phase of exploration investigation. pXRF data is not provided as it is not an indicator of representative geochemistry of the entire rock mass and therefore should only be viewed as an initial screening prior to laboratory assays.

Drill core is currently being logged, sampled and cut by diamond saw. Samples will be shipped as they are processed for laboratory analysis at Bureau Veritas Commodities Canada Ltd.("BV"), an internationally recognized and ISO 17025:2017 accredited analytical services provider, at its Vancouver, British Columbia laboratory. The first batch of samples is anticipated to be shipped to within the next week.

Drill core samples are marked in maximum intervals of up to 1.5m and cut in half using a diamond saw with half sent for assay and the other half saved for reference. Samples are then bagged and zip-tied, with 15 bagged samples placed into sealed rice bags and then 20 rice bags placed in mega bags for transport to BV. Sample QA/QC procedures were applied by inserting a regular and systematic schedule of standards, blanks and duplicates into the sample stream. Control samples consisting of certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's QA/QC protocol at a rate of 1:15 or better in addition to BV's internal quality assurance programs.

Rock samples will be prepared using the PRP70-250 package, where samples are weighed, dried, and crushed to greater than 70% passing a 2mm sieve, then pulverized to greater than 85% passing 75 microns. Samples will be analyzed in accordance with BV's MA300 and FA330 packages, for both multi-element ICP analysis (0.25 g, multi-acid and ICP-ES analysis) and gold analysis by fire assay (30g fire assay with AAS finish). Gold returning >10ppm is automatically analyzed by gravimetric method in accordance with BV's standard of practice.

Market Liquidity Services

The Company is also pleased to announce that it has engaged Velocity Trade Capital Ltd. ("Velocity Trade") to provide market-liquidity services to the Company in accordance with applicable securities laws and the policies of the TSX Venture Exchange ("Exchange"). Velocity Trade will manage trading of the Company's shares from time to time for the purpose of maintaining an orderly market, with a view to reducing trading volatility and improving the liquidity of the Company's shares. The funding and securities required for these services undertaken will be provided by Velocity Trade.

In consideration of the market liquidity services, Ramp has agreed to pay Velocity Trade a monthly fee equal to $6,000 per month, and after a period of sixty days, either party may terminate the contract by providing the other with 30 days prior written notice of termination.

Velocity Trade is a private and independent investment dealer headquartered in Toronto, Ontario, and is registered for trading in the provinces of Ontario, Quebec, British Columbia, Alberta, and Manitoba. Velocity Trade is a member of the TMX, and of the Canadian Investment Regulatory Organization (CIRO). Additionally, the firm and its affiliate companies are regulated internationally by the UK's Financial Conduct Authority (FCA), the Authority for Financial Markets (AFM) in the Netherlands, the Australian Securities and Investments Commission (ASIC), South Africa's Financial Sector Conduct Authority (FSCA), and the Monetary Authority of Singapore (MAS), among others.

Velocity Trade and Ramp are not related parties and have no other agreements other than the market liquidity agreement which is the subject of this news release.

The engagement of Velocity Trade to provide market liquidity services to Ramp is subject to acceptance of the TSX Venture Exchange.

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 a 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 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/250138

News Provided by Newsfile via QuoteMedia

RAMP:CC
The Conversation (0)
Ramp Metals Announces Closing of Oversubscribed Non-Brokered Private Placement for Proceeds of Approximately $3.425M

Ramp Metals Announces Closing of Oversubscribed Non-Brokered Private Placement for Proceeds of Approximately $3.425M

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 $3,464,917.74. Due to investor demand, the Company increased the size of the flow-through portion of the Financing from $2.3M to approximately $3.07M.

In the Financing, Ramp Metals issued and sold an aggregate of 1,481,482 charity flow-through common shares (the "CFT Shares") at a price of $2.07 per CFT Share, plus 295,000 common shares (the "Common Shares") at a price of $1.35 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 $2.8M Non-Brokered Private Placement

Ramp Metals Announces $2.8M Non-Brokered Private Placement

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce a non-brokered private placement financing of up to approximately $2,800,000 (the "Offering").

The Offering is expected to consist of the issue and sale of:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Ramp Metals Provides Drill and Geophysics Update

Ramp Metals Provides Drill and Geophysics Update

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce that the Company has completed a geophysics program at its Ranger and Rush targets on the Rottenstone SW property, with the remainder of the property to be surveyed prior to the summer exploration season. The survey was flown using the Xcite HTDEM system, with 100-meter line space to provide high-resolution data for target refinement.

Over Ranger, the survey, uncovered a series of EM anomalies to the east of the main Ranger target (Figure 1). The newly identified anomalies stretch for over 1900m along a NE-SW trending structure.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Ramp Metals Initiates Drill Program for the Rottenstone SW Gold Property

Ramp Metals Initiates Drill Program for the Rottenstone SW Gold Property

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce that the Company has initiated drilling at its flagship Rottenstone SW property. The Company has completed three drill holes near Ranger-01, where 73.55 gt Au over 7.5m was identified previously. Each drill hole at Ranger has encountered the quartz diorite intrusion where the gold was previously intersected. The core is being flown back to the core shack daily where it will be logged, sampled, cut, and sent to the lab for assays.

The Company plans to drill a total of 12-15 holes across three mineralized zones including Ranger, Rush, and Rogue as shown in (Figure 1). More information on the three mineralized zones can be found in the Ramp Metals January 20th press release.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Ramp Metals Announces Receipt of Exploration Drill Permits

Ramp Metals Announces Receipt of Exploration Drill Permits

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce that the Company has received the necessary permits from the Saskatchewan Ministry of Environment to commence exploration drilling at its flagship Rottenstone SW property.

The Company plans to drill three unique mineralized targets on the property (Figure 1), focusing on the gold discovery of 73.55 g/t Au over 7.5m that was identified in drillhole Ranger-01. The Ramp Metals team will be mobilizing to the property on March 12, 2025.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Noble Announces Filing of NI 43-101 Technical Report for Previously Announced Mann Central and Mann West Initial Resources

Noble Announces Filing of NI 43-101 Technical Report for Previously Announced Mann Central and Mann West Initial Resources

 

(TheNewswire)

 
       
  Noble Mineral Exploration Inc. 
                
 

TORONTO TheNewswire - July 30, 2025 Noble Mineral Exploration Inc. (" Noble " or the " Company ") (TSXV: NOB,OTC:NLPXF) (OTCQB: NLPXF ) today announced that the Company has filed on SEDAR+ an independent technical report (the "Report") prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") supporting the initial mineral resource estimate for its Mann Nickel Sulphide Project (the "Mann Project") which consists of the Mann West and Mann Central Properties and which contain the Mann West Ni-Co-Pd-Pt Deposit and the Mann Central Ni-Co-Pd-Pt Deposit together the Mann Deposits. The Mann Project, located about 40 kilometres northeast of Timmins, Ontario, is wholly owned by East Timmins Nickel Ltd. of which Canada Nickel owns 80% and Noble Mineral Exploration Inc. owns 20%. There are no material differences in the Report from those results disclosed in the Company's news releases dated June 11, 2025, and July 15, 2025. The Mineral Resource Estimate for the Mann Deposits, effective as of July 16, 2025, was prepared following the CIM Definition Standards on Mineral Resources and Reserves (2014) and CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (2019).

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Angkor Resources Meets Ministry To Expand Boundary Of Oil & Gas Block VIII, Cambodia

Angkor Resources Meets Ministry To Expand Boundary Of Oil & Gas Block VIII, Cambodia

 

(TheNewswire)

 
      
  Angkor Resources Corp. 
             
 

GRANDE PRAIRIE, ALBERTA TheNewswire - July 29, 2025 - Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) ("ANGKOR" OR "THE COMPANY") announces its subsidiary, EnerCam Resources Co. Ltd. (Cambodia) ("EnerCam") met with officials from the Ministry of Mines and Energy ("MME") and the General Department of Petroleum ("GDP") to request an additional 220 square kilometers as part of Block VIII to include a potential sub-basin for exploration of oil and gas.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Vertex Minerals Limited  Capital Raising Update

Vertex Minerals Limited Capital Raising Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) (OTCMKTS:VTXXF) confirms that on 28 July 2025 it received A$3.9 million (before costs) through the issuance of new ordinary Shares as part of the A$11 million capital raising ("Capital Raising") announced by the Company on 12 May 2025 and approved at the General Meeting which took place on 21 July 2025.

The Capital Raising had also included the earlier issuance of A$3.5 million in Convertible Loans, bringing total proceeds received to date from the financing initiative to approximately A$7.5 million.

With respect to the A$3.9 million secured on 28 July 2025, 18,377,562 fully paid ordinary shares were issued by the Company ("Shares") at A$0.21 per Share.

At the commencement of the Capital Raising, associates of the Company's cornerstone investor and largest shareholder with 17% of the shares on issue (Gleneden Nominees Pty Ltd) committed to subscribe for A$3.6 million of Shares. Timing for receipt of these funds has now been revised to on or before 15 September 2025, as is provided for in an agreement entered on 27 July 2025 between the Company and Gleneden Nominees Pty Ltd.

The Company has also retained its ability to place the remaining A$3.6 million to other interested investors (on the same terms as the Capital Raising).

Receipt of the A$3.9 million, along with the $3.5 million Convertible Loan component of the Capital Raising, has provided the Company with financial liquidity for the near-term restart of the high-grade Hill End Gold Project, at a time of an historically strong A$ gold price.

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

 

 

Source:
Vertex Minerals Limited

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×