Visual estimates of up to 5% sulphide mineralization, mainly pyrite are reported from all four of these holes, representing 1166 meters (m), the company said.
"These mineralized intervals could represent potential extensions of the cobalt intercepts drilled by previous operators. Assays are pending on 550 samples representing 632.5m of core submitted for analysis," it added.
The Vancouver-based firm completed a 15 km Induced Polarity (IP) survey before this drilling started.
This detected a well-defined chargeability anomaly (A) over the known cobalt-copper occurrences drilled in 2004 by previous operators.
Also detected was a deeper anomaly (B) beneath and off-set from anomaly A and below any previous drilling. A third anomaly (C) was detected 1,000 m to the north.
One hole tested anomaly A on a line 100 m east of previous cobalt intercepts reported in 2004.
Another stepped out an additional 100 m to test the further extension of mineralization seen in that hole.
A further hole was drilled to 401 m to test both IP anomalies A and B. Another tested anomaly B at a shallower level.
The 8,000-hectare Ramsay project lies in the prolific Bathurst mining camp (BMC) in northern New Brunswick, around 25 km west of the Caribou mine operated by Trevali Mining Corp.