Those holes, wrapping up all of Ramp’s initial drilling last year at the 325-sq.-km project about 700 km north of Regina, compared with the Ranger-01 hole reported June 18. It hit 7.5 metres of 73.55 grams gold and 19.5 grams silver starting at 227 metres downhole.
The shares, which the company said are held 60% by management and directors, traded at C$0.49 apiece in early afternoon trading in Toronto, down from C$0.75 on Friday. The company is valued at C$15.9 million.
CEO Jordan Black considered how the Rogue holes expanded mineralization at the site: “What makes this news release even more bullish than the last is we hit gold 3 km away from the discovery hole, so it shows a cross-regional strike,” the executive said by phone on Monday.
“We’re super excited,” said Black, a geological engineer who joined Ramp after a stint in venture capital. “Hitting gold in all four holes on our first four holes ever on the…
