RMS 0.27% $1.85 ramelius resources limited

Ann: Denver Gold Forum Presentation - September 2016-RMS.AX, page-27

  1. 3,218 Posts.
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    Looking forward to viewing/hearing the presentation hopefully by the weekend as I'm sure there will be even more clarity provided by what Mark actually says.

    Most posts have covered the salient features from the presentation which are mouthwatering at the least, there are a couple of clues given which enhance the story even more.

    Vivien appears to be a real gem at the moment, looking at p 15, we have a photo of the Level 320 North Ore Drive with a face grade of 27.7 g/t.... look where the golden triangle is positioned ... at least 30 metres past the ore reserve... essentially RMS are mining ounces here outside the current reserve and if this continues further along strike and down dip as the pink in the diagram shows, then RMS 's confidence in converting a significant portion of the resource into reserve is well founded. Then we have the 2017 exploration drilling to come.

    P 13 highlighting new and historic drilling at Mt Magnet.... they have added more detail to the diagram where they demarcate the shallow (less than 40 m ) holes from the others highlighting the dearth of deeper holes generally... the old guys literally only scratched the surface over much of the territory.

    There are 30 + new holes at Boomer, 13+ new holes at Golden Stream, 20+ new holes at O' Meara, 8+ new holes at Stellar West and 38 holes at Venus.....looking at the reserve grades of Boomer, Golden Stream and O' Meara pits of around 3 g/t, and a new resource to be detailed at Stellar West. RMS have really ramped up their Mt Magnet extension drilling as promised and there should be a lot of drilling results ( hopefully higher grade open pit) coming our way soon.

    Cheers

    Dan
 
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