RMS 0.74% $2.02 ramelius resources limited

new gold zone media release

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    For immediate Release
    Friday 4th July 2008

    NEW GOLD ZONE EXTENDS RAMELIUS’ HIGH-GRADE
    POTENTIAL AT WATTLE DAM GOLD MINE

    The resource potential for one of Western Australia’s highest grade gold mines has
    been boosted after the announcement today of an entirely new gold zone just 600
    metres from the main open pit operations.
    Ramelius Resources Limited (ASX: “RMS”) said today that drilling at its Golden Orb
    prospect, 600 metres south of the Wattle Dam gold mine near Kambalda, had defined
    the new mineralisation, including two significant “Wattle Dam-style” intercepts.
    The discovery comes just a month after Ramelius recommenced open-pit mining at its
    wholly owned Wattle Dam project, 25 kilometres west of Kambalda, in preparation
    for underground mining in the December 2008 quarter.
    “We are excited by these additional high-grade gold intercepts as they reinforce the
    potential within this tenement to add further low cost, high grade gold to Wattle
    Dam’s current mineable and resource inventory,” Ramelius’ Managing Director, Mr
    Joe Houldsworth, said.
    “The Golden Orb zone is on the same contact as Wattle Dam, and is open to the north,
    south and down dip,” Mr Houldsworth said.
    The best intercepts at the Golden Orb prospect included 7 metres at 10.8 grams per
    tonne gold (g/t Au) from 117 metres depth (including 2m @ 27 g/t Au), and 4m @ 6.9
    g/t Au from 103 metres (including 2m @ 12.2 g/t Au).
    A third intercept of 12m @ 5.5 g/t Au at a shallow 28 metres, including 4m @ at 10.5
    g/t Au, was also intercepted from aircore drilling 300 metres south of Golden Orb.
    Ramelius is planning a diamond drilling program next month to further test the main
    mineralised trend at Golden Orb.
    The Company commenced open-pit mining at Wattle Dam in March 2006 and has
    forecast gold production this financial year of up to 70,000 ounces.
 
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