Will we hear "mega grades" in the future?
Get that diamond drill up and running and we might have to find a new way of reporting gold grades in the future. 0.67% gold will do for now. Getting bigger with every new announcement
Well done RMS.
Here is the first page from a press release just out:
Super high gold grades – including one intersection of nearly seven kilograms
per tonne – have been announced from new drilling at a producing gold mine
in Western Australia wholly owned and operated by Ramelius Resources
Limited.
The results include gold grades of 6.8 kilograms (217 oz) per tonne and 3.7
kilograms (118 oz) per tonne as well as intersections of several hundred
grams per tonne.
The intersections were encountered during resource extension drilling by
Ramelius at its Wattle Dam open pit mine, 25 kilometres west of Kambalda
and within the Company’s Spargoville Belt regional project area.
“These are extraordinary gold grades,” Ramelius’ Managing Director, Mr Joe
Houldsworth, said today.
“There is little doubt they are amongst the highest ever recorded in Australia’s
rich and long gold exploration history,” Mr Houldsworth said.
“We have now confirmed that Wattle Dam has the potential to be a high grade
underground mine and further drilling to extend this super high grade gold
zone will commence in the near future.”
Ramelius Chairman, Mr Robert Kennedy, said “the super high grade
intersections significantly enhance the rate at which the Company could now
entrench its position as an established gold producer, after commencing first
production last year.”
“These emerging grades point to Wattle Dam being a highly profitable
operation,” Mr Kennedy said.
“Shareholders can expect to look forward to future expansion of the mine,
supported by further exploration along the Spargoville Belt at our range of
highly prospective locations exhibiting similar profiles to Wattle Dam.”
Cheers TF
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