Ramelius Resources Limited (ASX:RMS) (“Ramelius”, “the Company”) is pleased to announce that significant gold mineralisation continues to be intersected at the Penny Project whilst the Company advances its Pre-Feasibility Study on the recently acquired Project. Encouragingly, shallow oxide and bedrock gold mineralisation has also been returned from infill drilling at Magenta, located 1.8km north of the Penny North Deposit.
Excellent deeper infill RC and diamond drill results continue at the Penny Project*, including the following intersections below the Penny West pit:
4m at 18.06 g/t Aufrom 216m, including2m at 31.63 g/t Au
3m at 18.42 g/t Aufrom 184m, including2m at 27.39 g/t Au
There's definitely a lot of gold there... there should be on the south tenements as well.
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