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Ram Resources identifies new prospective geology at Aries, eyes JORC Resource in 2011

The exploration season for Ram Resources (ASX: RMR) at the Motzfeldt Project in Southern Greenland may be wrapping up, but drilling results are yet to be received and announced.

Drilling at the Aries Prospect during 2011 was targeted at extending the drilled area along strike - which importantly - has been achieved.

Seven diamond holes for around 962 metres were completed, with Ram saying that prospective geology has been observed in all drill holes over a distance of some 600 metres from north to south.

Assays are pending, and have been forecast to be announced in late October, with the outcome of these holes, together with data from previous drilling, will then be used to estimate the Stage 1 Inferred JORC Resource for Aries, which is expected late November 2011.

Adding to the exploration results delivered from the company, selected intersections of a drill hole completed by Angus & Ross in 2001 have been re-sampled and sent for assay to confirm the earlier results.

Surface sampling

The area covered by surface sampling at Aries has also been extended to include additional ground to the west of previous exploration.

The importance of this is that additional surface sampling, combined with improved geological mapping, will add value to the geological model and allow drill results to be related to the surface geology.

A bulk sample of 400 kilograms has been collected and will be sent for metallurgical testing later in the year.

Another 40 samples have also been taken to make thin sections for petrography assessment, with a view to confirming the key lithologies and minerals present.

Sampling has already confirmed significant mineralisation over extensive areas on two new high priority exploration targets, named Voskop and Drysdale, while confirming prospectivity of targets outside of the Aries Prospect.

At Drysdale, anomalous high grade mineralisation was found to occur over a distance of 1.4 kilometres, with best preliminary results of 11,110 ppm LREO+Y2O3, 14,168 ppm Nb2O5, 275 ppm Ta2O5 and 4.36% ZrO2.

At Voskop, anomalous high grade mineralisation occurred over a distance of 1.2 kilometres, with best preliminary results of 9,375 ppm LREO+Y2O3, 3,302 ppm Nb2O5, 225 ppm Ta2O5 and 4.17% ZrO2.