Ramp Metals Has A Rare Grassroots High-Grade Gold Discovery With A Discovery Hole Of 7.5 Metres Of 73.55 g/t Gold

Discoveries of grassroots high-grade gold are rare these days, especially a discovery hole with 7.5 metres of 73.55 g/t gold. Which is what Ramp Metals hit with their first and only hole into a new discovery in mining-friendly Saskatchewan.

I’m happy to report that they are a new sponsor at Rocks And Stocks News as I think they have a remarkable new high-grade gold discovery with the potential to evolve into an important discovery. They will have plenty of developments coming soon and I look forward to talking with their team in a series of interviews.

Not only do they have a brand new discovery, they have only been a publicly traded company since March of 2024. Hitting the ground running with an exciting discovery on their first hole into the target is impressive and it has afforded them the opportunity to raise funding at an attractive price and still keep their fully diluted share count at less than 50 million shares.

Making the float even tighter is that their management team owns just shy of 50% of the stock. Plus, they attracted legendary mining stock investor Eric Sprott to their share registry after the discovery hole.

When I initially saw their results I was shockingly impressed with the grade and thickness as it is in the top percentile for reported hits over several years industry wide. Then I looked at the drill core and what immediately jumped out was that the rock it is in looks more like countertop rocks than what would host high-grade gold.

My first reaction was that it is likely distal from the gold mineralizing system and probably just caught the edge of the system.

I’m looking forward to the first interview that I will do with their management as a new sponsor. It will give me a chance to ask them about where they think they are in the gold mineralizing system and also about their structural interpretation.

As it is a brand new discovery with only one hole into it, getting a clearer picture on the system will take more work. But it is an exciting prospect to unravel where that gold came from.

Before they drilled, they had run geophysics and identified two anomalies, one called Rogue and the other Ranger. At Rogue they drilled a few holes and got some sniffs of nickel sulphides. But, the one hole at Ranger which they initially thought was a nickel anomaly, they tagged the high-grade gold.

I love exploration stories that start out looking for one metal (nickel) and find another one (gold) as serious discoveries have come out from that kind of scenario in the past. Their discovery hole has definitely shown that they have the potential to be sitting on an important high-grade gold discovery.

Shortly after they announced the discovery hole, they were able to get in for a two week surface sampling program before the snow flew. The results of that sampling program are expected to come out shortly.

They are also planning to do additional geophysics to further refine their drill hole targeting with the help of the sampling program. They have applied for two-year drilling permits that they hope to receive in the next few weeks.

They have already organized their drilling contractor and are basically ready to get drilling as soon as they receive the drilling permits.

Currently, they have around C$5 million in the treasury, so they are well cashed up for their upcoming drilling program. They’re tentatively planning for around 5000 metres of drilling, but are also open to changing on the fly as they see core hitting the core box.

Most of the drilling will be focused on drilling around their high-grade gold discovery hole. But, they also want to get back and drill deeper at the Rogue target because they saw interesting nickel sulphides toward the bottom of the hole. Plus, their surface sampling also identified another target that they want to get a hole or two into.

The project is a completely under explored project as they were the first to drill it. Making it very exciting is that either they got super lucky or the project has tremendous exploration potential. Based on what I have seen in their limited drilling so far, it certainly strikes me as being the latter, not the former, or a combination of both.

All the best,

Allan Barry Laboucan

Disclosure

Ramp Metals is a sponsor of Rocks And Stocks News, content creation about them is for the benefit of the company. Sponsors also benefit readers and viewers of the reports as it makes content creation possible for no charge to the Rocks And Stocks News audience.

Rocks And Stocks News does not make buying or selling recommendations. The reports are for information purposes only. Sponsors pay a fee to Rocks And Stocks News for content creation. The business model of Rocks And Stocks News is to fund research and reporting on the sector, picks and sponsors through corporate sponsorship. We are thankful to sponsors for enabling commentary free of charge to readers and viewers of the reports. When reporting on sponsors it is on behalf of the sponsors discussed in the portion of the report mentioning the sponsor. Before making any investment decision it is important for you to speak with your financial advisors to consider your risk profile. It is also important to do your homework. To help in that process, Rocks And Stocks News means to be a gateway by doing reports and interviews of management of sponsors and picks. The reports and interviews should not be considered investment advice. Allan Barry Laboucan is the founder and owner of Rocks And Stocks News, he has worked in the mining sector since 1993 and has been reporting on the sector since 2005. He has worked with and been mentored by very talented geoscientists in geology, geochemistry and geophysics. He uses the skills he has picked up during his career to assess sponsors and picks in the reports. Whether a company is a pick or a sponsor they go through the same filter and are reported on when important news is made that Allan Barry Laboucan wants to discuss on the Rocks And Stocks News platform. He may own shares in sponsors and picks for investment purposes which he discloses when discussing them in the reports.