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Update - Ram Resources Ltd

29 Jan 2014 16:05

RNS Number : 8220Y
Regency Mines PLC
29 January 2014
 



REGENCY MINES PLC

("Regency" or the "Company")

Ram Resources identifies five areas as high-priority anomalies in Fraser Range

29 January 2014

Regency Mines Plc, the mining exploration and mineral investment company with interests in nickel and other minerals in Australia, Papua New Guinea and Sudan announces an update issued by Ram Resources Ltd ("Ram") on the Fraser Range exploration tenement in Western Australia.

Results from geo-chemical sampling work have been returned from five areas that are located just 20km west of Sirius Resources' Nova nickel-copper deposit. These results, together with strong Versatile Time-Domain Electromagnetic (VTEM max) conductors from an earlier survey, have led Ram to identify these five areas as high-priority anomalies. Follow-up ground electro-magnetic work and drilling will be undertaken.

Regency owns 19.9% of Ram, in addition to a royalty over, and a 20% direct stake in, its Fraser Range project.

Ram's full announcement can be read at: http://www.asx.com.au/asxpdf/20140129/pdf/42mc1zggsxjpk1.pdf

 

For further information contact:

Andrew Bell 0207 747 9960 or 0776 647 4849

Chairman Regency Mines plc

Colin Aaronson / David Hignell 0207 383 5100

NOMAD Grant Thornton UK LLP

Nick Emerson 01483 413500

Broker SI Capital Ltd.

Guy Wheatley 0207 382 8416

Joint Broker Beaufort Securities Ltd

Rupert Trefgarne 0203 128 8817

Media Relations MHP Communications

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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