Ramp Metals Launches Drilling at Rottenstone SW After High-Grade Gold Hit

Key Highlights:

• Drilling underway near 73.55 g/t Au over 7.5m discovery at Ranger Zone
• Program targets 12–15 holes across Ranger, Rush (Cu), and Rogue zones
• Company on schedule and within budget; assays pending
• Shares trade at C$1.05, up over 675% from 52-week low

Vancouver-based Ramp Metals Inc. (TSXV: RAMP) has officially commenced drilling at its flagship Rottenstone SW project in Saskatchewan, targeting an emerging gold and copper system that could signal the birth of Canada’s next significant mineral district.

The campaign follows up on a standout discovery from 2024, where the Ranger-01 drill hole returned 73.55 grams per tonne (g/t) gold over 7.5 metres—a result that pushed Ramp from a grassroots explorer into the crosshairs of speculators chasing high-grade, near-surface mineralization.

Now, with three holes already completed, each intersecting the same quartz diorite intrusion as the previous hit, the focus is on confirming continuity and scale.

On the Ground and on Track

Ramp’s technical team, led by VP of Exploration Garrett Smith, remains confident in the geology and logistics of the program.

“The drilling is currently on schedule and budget with the weather cooperating in our favour,” Smith noted. “Our priority is understanding the controls on gold mineralization at Ranger while testing new targets at Rush and Rogue.”

The Rush zone, previously flagged for copper mineralization, will be drilled for the first time in this campaign, while Rogue, a third target, offers the potential to extend gold mineralization already observed at Ranger.

In total, Ramp plans to complete 12–15 diamond drill holes, with daily core flights back to base for logging, sampling, and assays. Results from the first batch are expected in the coming weeks and could set the tone for the junior’s valuation in Q2.

Stock Riding Momentum – But Volatility Persists

Ramp shares traded at C$1.05 at the time of writing, down 0.94% on the day, but still well above its 52-week low of C$0.135. The company boasts a market cap of C$44 million and is one of the more watched microcaps in the Canadian junior exploration space, thanks in part to the strength of its 2024 discovery and a lean capital structure.

Still, average daily volume has trended down—currently around 15,000 shares compared to a 4-week average of 62,000—suggesting investors are waiting for concrete assay results before making their next move.

With no earnings, dividends, or defined resource to date, Ramp remains a high-risk/high-reward explorer, reliant on news flow and discovery success to drive valuation.

A Potential New District in the Making?

Situated within the Rottenstone Domain, the 32,715-hectare Rottenstone SW property is drawing attention not just for its grades, but for its geological setting. Saskatchewan is known for uranium and potash, but gold has traditionally flown under the radar—something Ramp is aiming to change.

CEO Jordan Black previously commented that Saskatchewan is “very underexplored” in terms of gold, and that Rottenstone SW could anchor a new regional gold belt if drilling continues to deliver.

A potential game-changer is the structural simplicity of the property: shallow mineralization, easy access, and scalability. If follow-up holes replicate the success of Ranger-01, institutional capital could take notice.

What’s Next?

In the short term, all eyes are on assay results. A confirmation of high-grade continuity at Ranger—or new discoveries at Rush or Rogue—could trigger a re-rating of Ramp’s valuation, particularly as other juniors struggle to find capital in a cautious commodity market.

Longer term, Ramp Metals' success will hinge on proving that Rottenstone SW can transition from early-stage exploration to a defined resource with scale, continuity, and economic potential.