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MELBOURNE, June 1 Asia Pulse - South Australian company Ramelius Resources Ltd (ASX:RMS) has identified extended gold mineralisation near its Black Cat open pit operation at Coolgardie in Western Australia.
Previous drilling by Ramelius at Black Cat has identified an inferred resource estimated at 22,000 ounces.
Latest drilling results show this could be upgraded with a number of significant intersections identified including one metre measuring 81 grams of gold per tonne at 18 metres depth.
Several strong results were also identified of more than four grams per tonne (g/t) gold between 30 and 40 metres.
Ramelius managing director Joe Houldsworth said additional drilling would be undertaken at the pit as some of the new intercepts were located ...