Ramrod Mobilizes 2nd Rig at Damoti Lake.VANCOUVER--(BUSINESS WIRE)--Jan. 18, 1996--Ramrod Gold announces the start of the 1996 winter drill campaign at Damoti Lake, Northwest Territories Northwest Territories, territory (2001 pop. 37,360), 532,643 sq mi (1,379,028 sq km), NW Canada. The Northwest Territories lie W of Nunavut, N of lat. 60°N, and E of Yukon. . Drilling resumed this week. The company plans an aggressive drill campaign, operating two drill rigs on the project. The drill targets will include deep drilling on the Horseshoe/Pyrite zone and definitional drilling on other gold zones. Drill hole D95-216 at the Horseshoe/Pyrite zone stopped at 767' for the Christmas Christmas [Christ's Mass], in the Christian calendar, feast of the nativity of Jesus, celebrated in Roman Catholic and Protestant Churches on Dec. 25. In liturgical importance it ranks after Easter, Pentecost, and Epiphany (Jan. 6). break. Drilling started at D95-216 again this week and encountered the footwall foot·wall n. Geology 1. The mass of rock underlying a mineral deposit in a mine. 2. The underlying block of a fault having an inclined fault plane. graywackes at 785' and the hole was stopped. This hole hit 0.318 opt over 18.04' at the 712 to 730 foot level, in what appears to be a new rich deeper gold zone. The second drill rig is being sent via the winter road and is expected to begin drilling late this week. The company goal during this drill campaign is to expand the resource in depth and along strike at known gold zones. Additionally, some potential new gold zones will be tested along the 7 1/2 mile banded iron formation Banded iron formations (also known as banded ironstone formations or BIFs) are a distinctive type of rock often found in primordial sedimentary rocks. The structures consist of repeated thin layers of iron oxides, either magnetite or hematite, alternating with bands . CONSOLIDATED RAMROD GOLD CORPORATION Robert J. Miller, D.Sc., P. Eng P. ENG Professional Engineer P. ENG process engineer . President CONTACT: Consolidated Ramrod Gold Corporation Robert J. Miller, (604) 682-6477 (604) |
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