Ramm Venture Corp., which was the third largest trader on the Vancouver exchange in 1984, trading as high as $3.10, has raised $600,000 in flow-through financing.
The money will be used, President John Wilson tells The Northern Miner, to resume drilling on a silver-lead-zinc property near Houston, B.C.
Teck Corp. will be the operator of the program which will include 12,000 ft of drilling on the Rainstorm zone, one of nine zones identified by 19 drill holes put down in 1984.
The Ruby zone which saw the most drilling contains probable reserves of five million tons grading 0.32% copper, 4.35% zinc and 0.75 oz silver per ton, according to Mr Wilson.
This week the company’s shares traded at about 65 cents .
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