Ramp Metals Intersects 4.0 m of 4.84% CuEq within 28.23 m of 0.86% CuEq in Rush-019, Confirms a Second Mineralized Zone, and Expands the Rush System

High-grade drill results expand mineralized zone, but economic impact remains unproven.

Risk flags

• ●There is no resource estimate, preliminary economic assessment, or financial disclosure, so investors cannot gauge the project's economic viability or potential returns. This matters because without these studies, high-grade intervals may not translate into a mineable or profitable deposit.
• ●The announcement selectively reports only certain drillhole intervals and does not provide complete data for all holes, raising the risk of reporting bias. Without full disclosure, it is impossible to assess the consistency or scale of mineralization across the target area.
• ●Pending assay results for the Runway, Redridge, and Ranger targets introduce uncertainty, as future results could materially change the exploration outlook. The lack of a timeline for these results adds to execution risk and delays clarity on the project's scope.

Bottom line

Ramp Metals Inc. reports strong technical drill results at Rottenstone SW, confirming high-grade copper-zinc-silver intervals and expanding the mineralized footprint to 250m. While these results are positive for early-stage exploration, the absence of resource estimates, economic studies, or financial data means there is no basis for assessing project value or investment merit at this stage. The company's narrative is promotional and focused on exploration potential, but lacks the disclosures needed for a credible investment case. Investors should recognize that without economic or financial milestones, these results are not actionable for most investment strategies. The most important takeaway is that technical success does not equate to economic value until supported by resource and economic analysis.

Announcement summary

(TSXV: RAMP) Ramp Metals Inc. reported that drillhole Rush-019 intersected 4.0m grading 4.84% CuEq (1.18% Cu, 13.28% Zn, and 9.7 g/t Ag) from 139 to 143m at the Rottenstone SW property. This interval is within a broader 28.23m intercept of 0.86% CuEq (0.37% Cu, 1.34% Zn, and 6.48 g/t Ag) from 123 to 151.23m. Additional mineralization was confirmed in drillholes Rush-014 and Rush-016 within the 'Deep Zone', with Rush-014 returning up to 2.76% CuEq (0.69% Cu, 7.38% Zn, 7.93 g/t Ag, and 0.04 g/t Au) over 2.7m (284.33-287m), and Rush-016 intersecting 0.6m of 7.77% CuEq (3.93% Cu, 12.17% Zn, 32.20 g/t Ag, and 0.24 g/t Au). The Rush copper-zinc-silver mineralized footprint now has a confirmed strike length of approximately 250m and remains open along strike and at depth. All nine holes drilled at the main Rush target during this program intersected 'Main Zone' mineralization. Assay results remain pending for the Runway, Redridge, and Ranger targets. The company projects that casing remains in place to support a future borehole EM program, which is expected to enhance the Company's geophysical model and guide follow-up targeting.

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