Vancouver, British Columbia – Arya Resources Ltd. is excited to announce the signing of a Letter of Intent (LOI) to purchase a 100% stake in a promising claim block next to Ramp Metals’ property in Northern Saskatchewan, Canada. The acquisition encompasses 38,926 acres strategically positioned to target the geological unit hosting Ramp Metals’ gold discovery from 2024.
The newly acquired Ramp East Claims are situated on the gold-bearing Quartz-Diorite unit, the same rock formation where Ramp Metals found gold. This area offers significant potential for further exploration and value creation. Additionally, the claims include the underexplored Howard Lake Shear Zone, a structural feature that could hold untapped gold exploration opportunities.
The acquisition expands Arya’s exploration activities in the region and complements their existing Wedge Lake Gold Project in the La Ronge Gold Belt. By adding the Ramp East claim block to their portfolio, Arya aims to investigate the potential for gold discoveries in the Rottenstone Domain, historically known for base metals.
Under the transaction terms, Arya will acquire full ownership of the property by making cash payments, issuing shares, and granting a Net Smelter Returns (NSR) Royalty. With this strategic move, Arya looks forward to advancing their exploration efforts and unlocking the mineral potential of the region.
Kevin Wells, P.Geo., a Qualified Person (QP) as per NI43-101 3.1, has reviewed and approved the technical content of this announcement. The Company advises caution when interpreting technical information from neighboring properties as it may not directly apply to the current project.
Arya Resources Ltd (TSXV: RBZ) is a mining and mineral exploration company focused on precious and energy metals in stable jurisdictions. The Company encourages a thorough evaluation of risks and uncertainties associated with forward-looking statements and pledges to provide updates as necessary.
For more information, visit the source version of this press release at https://www.newsfilecorp.com/release/252911.