🕐03.12.10 - 01:27 Uhr
Ram Resources - Positive Drilling Results from Motzfeldt Project
Ram Resources Limited
ASX Announcement
3 December 2010
POSITIVE DRILLING RESULTS FROM MOTZFELDT PROJECT
Highlights
High grade REE intercepts include 25m @ 5,031 ppm Total Rare Earth Oxides
("TREO") and 20m@ 4,852 ppm TREO
Evidence of a new REE mineralised zone -- distinct from the Ta-Nb
mineralised zone
TREO composition is typically 85% Light Rare Earth Oxides and 5% Heavy Rare
Earth Oxides and 10% Y2O3
High grade Niobium-Tantalum results include 40m @2,499 ppm Nb205 and 195
ppm Ta205
A number of distinct high-grade Ta-Nb and REE lenses of mineable width have
been interpreted which contain potentially economic mineralisation
Ram Resources Limited (ASX: RMR) ("Ram" or "the Company") is pleased to
present results from the drilling program conducted at the Aries Prospect
in September 2010.
Please click here for the full announcement:
http://www.stocknessmonster.com/news-item?S=RMR&E=ASX&N=518851
For further information please contact:
Mike Drew
Managing Director
+61 417 969 995
David Tasker / James Harris
Professional Public Relations
+618 9388 0944
Competent Person Statement
The information in this announcement relating to exploration results is
based on information reviewed by Martin Pittuck of SRK Consulting (UK) Ltd
who is a Member of the Institute of Materials, Minerals and Mining.
Mr
Pittuck has sufficient relevant exploration and resource estimation
experience in the style of mineralisation and type of deposit under
consideration to qualify as a Competent Person as defined in the 2004
Edition of the Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves.
Mr Pittuck consents to the form,
presentation and context of exploration results and supporting information
in this report.
Forward Looking Statements & Disclaimer
This document contains certain statements, which may constitute "forward
--looking statements".
Such statements are only predictions and are subject
to inherent risks and uncertainties which could cause actual values,
results, performance achievements to differ materially from those
expressed, implied or projected in any forward-looking statements.
Exploration targets set out in this document are conceptual in nature as
there is currently insufficient information to define a Mineral Resource
and it is uncertain if further exploration will result in the determination
of a Mineral Resource and potential quantity and grade is conceptual in
nature.
It should be noted that there currently exists a ban on the exploitation of
radioactive minerals in Greenland, including where those radioactive
minerals would only be mined as a by-product of other minerals (as is the
case at Motzfeldt).
This policy is currently the subject of political
debate and a period of public consultation in Greenland, which the Company
sees as a positive step forward towards a possible change in policy.
In
many respects, the situation in Greenland with respect to the mining of
uranium is similar to that which exists in some states in Australia and was
until recently the case in Western Australia, where the situation has
changed as result of evolving community attitudes and a change in
government.
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