The West

121011kalvisiblegoldsupp Diamond drill core showing visible gold from Ramelius Resources' Wattle Dam gold mine
121011kalvisiblegoldsupp Diamond drill core showing visible gold from Ramelius Resources' Wattle Dam gold mine

Shares in Ramelius Resources were firmer after the company announced more encouraging drill results from its Water Tank Hill prospect at its Mt Magnet gold project.

Drilling last month encountered hits of 9.2 metres at 13 grams per tonne gold from 250.5 metres, including five metres at 22.90 grams per tonne and 19 metres at 6.53 grams per tonne from 194 metres, including five metres at 17.8 grams per tonne.

The holes were drilled below the Water Tank Hill pit, 4km south southeast of the company's Checkers Mill at Mt Magnet and 250m west of the existing St George underground mine decline which was mined between 2005 and 2007.

Ramelius said drilling was scheduled to recommence this month and further results would be released when they became available.

Shares in the company were up 1.2 cents, or 2.61 per cent, to 47.2 at 9.20am.

The West Australian

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