Additional Information
Market:ASX
Sector:General Mining
EPIC:RMR
Latest Price: 0.00  (0.00%)
52-week High:0.02
52-week Low:0.00
Market Cap:2.87M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Ram Resources Full Ram Resources profile here

Ram Resources (ASX: RMR) is focused on the Motzfeldt multi element project in Southern Greenland, which is targeting rare earths - tantalum, niobium and zircon.

 

Motzfeldt has immediate exploration targets and the company believes it has the potential to become a future world-class multi element project.

Pdf

Ram Resources trenching results point to higher rare earth mineralisation at Motzfeldt

Thursday, January 27, 2011
Ram Resources trenching results point to higher rare earth mineralisation at Motzfeldt

Ram Resources (ASX: RMR) has received results from trenching in September at its Motzfeldt Project in Southern Greenland with mineralisation found at surface 270 metres from a western drill hole.

The purpose of the trenching was to obtain geochemical data to determine the extent of mineralisation, and gather surface data that could be correlated to mineralised drill hole intersections at depth.

Best result was 1.69% Total Rare Earth Oxide (“TREO”) +Y2O3, 5040 ppm Nb2O5, 1.23% Zr02 and 385 ppm Ta205 over 5 m in trench channel samples.

Trenching was carried out along the line of the drilled holes running east to west across the Aries target.

Progress of the trenching was hampered by the small excavator available, which had limited power and reach and ultimately by the impact of Hurricane Igor, which closed the program for the season.

Work commenced on SRK_TR1, the start of which is located on the line of drilling close to drill holes SRK_14 and SRK_14B.

Sampling was completed at 5 metre intervals along the line of the trench, with a total of 20 samples taken.

Ram said "the results of the trenching support the geological interpretation from the drilling that suggests a trend of higher TREO mineralisation and comparatively lower Ta-Nb grade on the western side of the Aries target, whilst to the east the grade of Ta-Nb is higher."

Trenching/surface sampling will be continued between trench SRK_TR1A and the boreholes to establish grade continuity.

The key outcome for the 2011 season, which commences in June, will be to gather sufficient data to estimate a JORC compliant Inferred Mineral Resource at Aries.

The 2011 exploration program is planning 4,000m of diamond drilling for about 16-18 holes which will mainly target the north south strike extensions of the main mineralised zone at Aries.

The program intends to extend the drilled strike length to 1,500m with possibly 2 holes drilled further to the west to test the concept a high grade REE zone that is distinct from the main Ta-Nb central zone.

It also plans to increase the coverage of ground geophysics and geological mapping before the drill programme commences which should provide additional data to assist in the targeting of drill holes.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.