Jupiter Farm-in & JV Project – Ramelius earning 75%
Location and Access:
The Jupiter Gold Project is located in Nye County, Nevada USA, some 100km east southeast of the historical gold-silver mining township of Tonopah.
Ramelius may earn up to 75% interest in the Jupiter gold project from Renaissance Gold Inc (TSX.V: REN) by spending US$3 million within 5 years.
Geology and Mineralisation:
Exploration completed by Ramelius to date has intersected extensive argillic alteration within Tertiary volcanics/volcaniclastics, along with locally up to 10% disseminated pyrite and iron/jasperoidal silica alteration along the unconformity (contact) with the underlying Cambrian limestones. The drilling has returned encouraging anomalous gold intersections within the jasperoidal blanket, up to 7.62m at 1.28 g/t Au from 112.78m in JURC0001.