Ram Resources raises funds for Keel zinc drilling

BEIJING (Asian Metal) 31 Mar 17 - Ram Resources Limited （“Ram Resources”or the“Company”) has raised $3.Asian Metal Copyright Ram Resources expects to start drilling in late April 2017 with drill results expected in late May.Asian Metal Copyright5 million through the issue of 70 million shares at 5 cents per share.Asian Metal Copyright .Asian Metal Copyright The net proceeds will be used for the resource drilling programs at Keel and to meet other expenses.

The Keel project encompasses two prospecting licences covering 66 square kilometres. The group is targeting zinc, lead and silver mineralisation in a region which is home to some of the largest zinc mining operations including Boliden and Lundin Mining.

The Keel zinc project sits within the Irish Midlands which ranks first globally in terms of zinc deposits discovered relative to land area, with the world-class Tara underground mine (+100 million tonnes) located 90 kilometres away, but in the same geological formation as Keel (Navan Beds).

The management will be focusing on previously identified drill targets and also looking to identify regional extensions.

Ram Resources expects to start drilling in late April 2017 with drill results expected in late May. The Company has already establishment a maiden JORC resource statement.Asian Metal Copyright The Keel zinc project sits within the Irish Midlands which ranks first globally in terms of zinc deposits discovered relative to land area, with the world-class Tara underground mine +100 million tonnes located 90 kilometres away, but in the same geological formation as Keel Navan Beds.Asian Metal Copyright It expects to be completing a scoping study end of the year.

.Asian Metal Copyright The group is targeting zinc, lead and silver mineralisation in a region which is home to some of the largest zinc mining operations including Boliden and Lundin MiningAsian Metal Copyright