Ram Resources defines new rare earths targets at Motzfeldt in Greenland

Ram Resources (ASX: RMR) has revealed significant mineralisation over extensive areas from sampling at the Voskop and Drysdale high priority exploration targets within its 51% owned Motzfeldt Project in South Greenland.

More than 500 samples were taken across 12 targets on exploration licence 2011/24. Results show anomalous high grade mineralisation at Drysdale occurs over a distance of 1.4 kilometres.

The best preliminary results include 11,110 parts per million (ppm) Light Rare Earth Oxides (LREO) + Yttrium Oxide (Y2O3), 14,168 ppm Niobium pentoxide (Nb2O5), 275 ppm Tantalum Pentoxide (Ta2O5) and 4.36% zirconium oxychloride (ZrO).

Anomalous high grade mineralisation at Voskop occurs over a distance of 1.2 kilometres with best preliminary results of 9,375 ppm LREO+Y2O31, 3,302 ppm Nb2O5, 225 ppm Ta2O5 and 4.17% ZrO2.

Importantly, these results confirm the prospectivity of targets within the Motzfeldt Centre outside of Ram’s Aries prospect. The targets lie within the northern and eastern parts of exploration licence.

Mineralisation at Drysdale and Voskop occurs along a similar distance to that at Aries which is currently being drilled.

The regional reconnaissance program has now been completed and preliminary sample results from XRF analysis in the field have been received for most of the targets.

Of the 12 targets visited, Voskop and Drysdale have shown the most promise, with several others, including Dorper and Black Ram, also returning anomalous results which are worthy of further follow-up.

A review of all of the targets will be conducted after laboratory results have been received and analysed, which is expected around the end of October 2011.

Ram expects to complete about 10 drill holes at the Aries Prospect by the second week of September 2011 and results are due mid to late October.

Upon receiving results, an initial JORC Resource will be conducted by SRK consulting, which is expected at the end of November.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/19309/ram-resources-defines-new-rare-earths-targets-at-motzfeldt-in-greenland-19309.html