Rampart Ventures Ltd.
TSX VENTURE : RPT

Rampart Ventures Ltd.

October 31, 2005 16:32 ET

Rampart Intersects 2.99% U308 Over 1.5 Metres in Sibley Basin Drilling

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 31, 2005) - Rampart Ventures Ltd. (TSX VENTURE:RPT) is pleased to announce the results of the first 22 diamond drill holes to test the Split Rapids uranium occurrences on its Black Sturgeon property in the Sibley Basin, including 2.99% U3O8 over 1.5 metres, 1.99% over 0.30 metres, 0.56% U3O8 across 0.30 metres, 0.54% over 0.30 metres and 0.12% U3O8 across 3.52 metres.

Holes BS05-09 to BS05-17 were drilled on Split Rapids Zone A, the original uranium occurrence discovered by the Ontario Geological Survey in 1982 which graded 12% U3O8. Prospecting and stripping have now located eight new uranium occurrences, all either in or adjacent to iron formation, over a strike length of 750 metres on the original trend, and over a limited strike length in a second parallel iron formation. Of these new discoveries, Zone B was tested by holes BS05-18 to 21, Zone C was tested by holes BS05-22 to 27, and Zone D was tested by holes BS05-28 to 30.

The intersection in hole BS05-30: 2.99% U3O8 across 1.5 metres, consists of four pitchblende-bearing veins in an area of pervasive hematite alteration. All other holes that encountered mineralization cut one or more pitchblende veins, although the veins in hole BS05-16 were close enough together to give a wider intersection of relatively low grade.

The Split Rapids uranium zones are in an up-faulted part of the Sibley Basin, where the sedimentary cover rocks have been removed by erosion and Archean basement is exposed. The company believes that these mineralized zones likely represent the lowermost roots of an unconformity-type uranium deposit which once existed some hundreds of metres above the present land surface. The primary thrust of the next diamond drill program will be to follow this uranium-bearing trend westwards under Sibley Group sediments, where any unconformity-type uranium mineralization will be preserved in its entirety.

Rampart holds nine separate claim groups in the Sibley Basin, totalling approximately 131,200 acres. The property is located approximately 100 kilometres northeast of Thunder Bay, Ontario, and is accessible by road.

Following is a complete list of all significant mineralized intersections in holes BS05-09 to 30. All assays were performed by SRC Geoanalytical Laboratories in Saskatoon. Lengths quoted are core lengths; the geometry of the zones as a whole is not sufficiently well defined to estimate true widths.



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Hole From To length (m) U3O8%
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BS05-09 11.05 11.35 0.30 0.563
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BS05-10 8.00 8.30 0.30 0.082
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BS05-11 10.57 10.87 0.30 0.179
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BS05-12 5.64 5.94 0.30 1.990
and 10.55 11.19 0.64 0.110
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BS05-13 8.78 9.08 0.30 0.012
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BS05-14 18.73 19.03 0.30 0.105
and 19.40 19.70 0.30 0.070
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BS05-15 16.14 16.44 0.30 0.088
and 16.87 17.17 0.30 0.065
and 17.17 17.56 0.39 0.169
and 22.32 22.92 0.60 0.230
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BS05-16 32.33 36.99 4.66 0.098
including 32.33 35.85 3.52 0.120
including 34.83 35.85 1.02 0.224
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BS05-21 21.00 21.30 0.30 0.031
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BS05-22 8.74 9.04 0.30 0.064
and 27.16 27.46 0.30 0.213
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BS05-24 10.95 11.25 0.30 0.046
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BS05-25 25.80 26.10 0.30 0.293
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BS05-26 21.34 21.64 0.30 0.052
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BS05-27 35.26 35.56 0.30 0.013
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BS05-28 33.34 33.64 0.30 0.110
and 33.76 34.06 0.30 0.067
and 52.60 52.90 0.30 0.543
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BS05-29 45.80 46.10 0.30 0.068
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BS05-30 37.09 38.59 1.50 2.994
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Holes BS05-17, 18, 19,20 and 23 did not intersect mineralization


All technical information in this news release has been reviewed by Colin Bowdidge, Ph.D., P.Geo., Vice-President of Exploration for the company and a Qualified Person under National Instrument 43-101.

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