Ramp East
Arya Resources has optioned the Ramp East Claims to test a compelling hypothesis: that the La Ronge gold belt's proven gold prospectivity extends westward into the Rottenstone domain - a district previously written off as base-metal-only, now upended by Ramp Metal's recent discovery.
The Howard Lake shear, a deep-seated structure within the claims with zero historical gold exploration, offers a genuine greenfields target in a jurisdiction with mines in continuous production since 1991.
Option Terms
-
Cash: $100,000 over 24 months ($25,000 paid)
-
Shares: 1,500,000 common shares over 24 months (500,000 issued)
-
NSR: 2.0% Net Smelter Return royalty; 1.5% purchasable at any time for $1,500,000
Discovery Context
The La Ronge gold belt hosts several past and present gold producers, with mines in continuous production since 1991. Until Ramp Metal's recent discovery, the Rottenstone domain within which Ramp East Claims is situated was considered a base-metal-only district. Arya's acquisition of the Ramp East Claims is a strategic response to this paradigm shift - the company aims to determine whether the prospectivity of the La Ronge gold belt mirrors itself westward into the Rottenstone domain.
The Howard Lake shear is a deep-seated NE-SW structure within the claims area with no recorded historical gold exploration - a genuine first-pass greenfields target in a proven mining district.
Current Claims
Proposed Work Program
-
Fly a fixed-wing airborne geophysical survey to provide high-resolution geophysical data over the granodiorite-quartz-diorite migmatite complex
-
Systematic outcrop mapping to better constrain the geology around the Howard Lake shear
-
Complete till sampling and HMC (Heavy Media Concentrate) analysis for gold grain count