Microsoft Word - ASX RELEASE 20160614 Ramelius to commence Stope Production at Vivien v7
14 June 2016
For Immediate Release
Ramelius to commence Stope Production at Vivien
Ramelius Resources Limited (ASX:RMS) is pleased to announce that the Vivien Gold Mine in Western Australia (refer Figures 1 & 2) is to commence stope production activities, ready for a full production year in FY2017.
Orebody reconciliation for development production at Vivien continues to be positive, as evidenced by the production achieved in the March 2016 Quarter and June 2016 Quarter- to-date:
Period
|
Mine Claimed
Tonnes Grade Ounces
|
Mill Reconciled Recov.
Tonnes Grade Ounces Recov. Ounces
|
Mar16 Qtr
Apr + May 16
|
9,122 6.72 1,972
13,210 8.91 3,784
|
7,571 7.46 1,816 98.0% 1,779
12,714 9.55 3,904 97.0% 3,787
|
Total
|
22,332 8.02 5,756
|
20,284 8.77 5,720 97.3% 5,567
|
1,200 7.89 304
|
14 June 2016
ISSUED CAPITAL
Ordinary Shares: 475M
DIRECTORS
NON-EXECUTIVE CHAIRMAN:
Robert Kennedy
NON-EXECUTIVE DIRECTORS:
Kevin Lines Michael Bohm
MANAGING DIRECTOR:
Mark Zeptner
www.rameliusresources.com.au [email protected]
RAMELIUS RESOURCES LIMITED
Registered Office
Suite 4, 148 Greenhill Road Parkside, Adelaide
South Australia 5063
Tel +61 8 8271 1999
Fax +61 8 8271 1988
Operations Office
Level 1, 130 Royal Street East Perth WA 6004
Tel +61 8 9202 1127
Fax +61 8 9202 1138
End of May stockpile of
Note: Rounding errors may occur
Diamond drilling in the upper part of the mine, from Stockpile #1 (refer Figure 6), has been completed with encouraging results including;
-
3.5m at 7.6 g/t Au
-
2.4m at 8.9 g/t Au
A total of 8 holes were drilled (refer Table 1 for full details) and this area of the mine (refer also Figure 4) is currently being evaluated for development.
Further drill testing, both within and below the current Mineral Resource envelope, is expected to commence late in the September 2016 Quarter from drill drive locations planned lower down in the mine (refer Figure 4).
PRODUCTION UPDATE - JUNE 2016 QUARTER
The Company remains on track to deliver gold production Guidance of 28-32,000 ounces for the Quarter based on:
-
Quarter-to-date (April & May only): fine gold production of 19,947 ounces
Ramelius Managing Director, Mark Zeptner today said:
"The Vivien mine is being progressed very efficiently by the Ramelius management team along with our underground contractor, PYBAR, where initial capital development has been completed ahead of schedule and below forecast cost".
"This excellent performance during the ramp up at Vivien and apparent out-performance on grade, combined with increasing ore grades from the Percy open pit at Mt Magnet, has the Company very well placed for a strong finish to the financial year".
For further information contact:
Mark Zeptner Duncan Gordon
Managing Director Executive Director
Ramelius Resources Ltd Adelaide Equity Partners
Ph: +61 8 9202 1127 Ph: +61 8 8232 8800
ABOUT RAMELIUS
Figure 1: Ramelius' Operations & Development Project Locations
Ramelius owns the Mt Magnet gold mining and processing operation and has commenced the high grade Vivien and Kathleen Valley gold mines near Leinster, in Western Australia. The Burbanks Treatment Plant is located approximately 9 kilometres south of Coolgardie in WA and is currently on care and maintenance.
Figure 2: Ramelius' Vivien project location
Vivien Production
Vivien is located 15km west of Leinster, WA. It is 6.5km north-east of the Agnew gold mine (Gold Fields) and only 3km north of the sealed Leinster - Mt Magnet highway.
Following a capital development phase lasting 10 months, the Vivien decline reached the top production levels and ore development commenced in February 2016. Ore haulage and milling at the Mt Magnet processing plant followed immediately. Mine development to date has progressed to planned schedules.
Claimed mine production to date is 22,332 tonnes @ 8.02 g/t for 5,756 ounces. Reconciled milled production is 20,284 tonnes @ 8.77 g/t for 5,720 ounces, with an end of month stockpile of a further 1,200 tonnes of ore.
Grade control modelling for the first stope panel shows both increased width and grade, compared to the resource model, and hence a significant increase in contained gold. While it is still too early to confirm this trend for the entire deposit, the indications are very encouraging.
The geometry of the lode between levels and ground conditions for stoping also look very positive in terms of ease of mining and the likelihood of low levels of dilution.
5m wide @ 21.5g/t
20.8
23.6
42.3
5.54
Figure 3: Vivien lode in Face 360N_064 with sample grades (Au g/t)
Figure 4: Vivien development progress (black/grey) & planned drill locations
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