02:07 PM EDT, 07/08/2024 (MT Newswires) -- Ramp Metals (RAMP.V) was last seen down 36% after the company on Monday released final drill results and a technical update for its Rottenstone SW gold discovery in Saskatchewan.

Among the highlights, the company reported Ranger-01 discovery hole with multiple gold zones, including 73.55 g/t gold and 19.50 g/t silver over 7.5 meters.

The Discovery hole is still open at depth and in all directions with the casing left in place. Gold mineralization intersected at Rogue target located 3 kilometers west, across the regional strike from Ranger.

The company said the Rottenstone SW land package was recently increased to a total of 32,715 hectares.

Further, the company is currently in the permitting and consultation process for an extensive geophysical, mapping, and sampling program. The company is planning a follow-up fall/winter drill program and is shifting its focus from battery metals to gold exploration.

The company's shares were last seen down $0.27 to $0.48 on the TSX Venture Exchange.

Price: 0.49, Change: -0.27, Percent Change: -35.33