19 February 2008
Success from Rambler�s Surface Directional Drilling Program Continues
Drills 5.37% copper over 3.0 metres
London, England & Baie Verte, Newfoundland and Labrador � Rambler Metals and Mining plc
(TSXV: RAB, AIM: RMM) is pleased to announce new results from its surface
diamond drilling exploration program.
�
RM08-08k returns 3.4 m of 1.96%
copper with 2.55 g/T gold in the Ming Massive Sulphide Horizon
�
RM08-08k returns 31.1 m of 2.12%
copper in the Lower Footwall Stringer Zone
o Including 3.0 m of 5.37%
copper
Directional
drilling targets for the RM08 drill setup were initially designed to test the
deeper portions of the Ming Massive Sulphide Horizon and Stringer Footwall
Zones. The great success of this program over the last number of months has
confirmed the down plunge continuity of the Ming Massive Sulphide and both the
Lower and Upper Footwall Zones. All of these zones are open down plunge and
remain a target for future exploration programs.
Hole
|
From
(m)
|
To
(m)
|
Length (m)
|
Length (feet)
|
Cu
(%)
|
Au (g/T)
|
Ming Massive Sulphide
Zone
|
RM08-08k
|
1013.55
|
1022.10
|
8.55
|
28.05
|
1.52
|
1.47
|
including
|
1013.55
|
1016.95
|
3.40
|
11.15
|
1.96
|
2.55
|
|
|
|
|
|
|
|
Upper Footwall
Stringer Zone
|
RM07-08j
|
1088.50
|
1103.80
|
15.30
|
50.20
|
1.34
|
0.08
|
including
|
1094.80
|
1098.10
|
3.30
|
10.83
|
3.80
|
0.15
|
|
|
|
|
|
|
|
Lower Footwall
Stringer Zone
|
RM08-08k
|
1171.90
|
1203.00
|
31.10
|
102.03
|
2.12
|
0.09
|
including
|
1181.40
|
1189.40
|
8.00
|
26.25
|
3.21
|
0.15
|
including
|
1183.40
|
1186.40
|
3.00
|
9.84
|
5.37
|
0.30
|
|
|
|
|
|
|
|
RM07-08i
|
Hole stopped due to excessive deviation
|
Ming Massive Sulphide Zone (MMS)
Historically
the Ming Zone produced some 2.2 million tons of ore grading 3.5% copper with
2.5 g/T gold. The down plunge drilling on the RM08 setup has extended
this horizon an additional 500 metres from the existing development. More
importantly, the drill spacing from this program will allow Rambler to add the
extended MMS to the indicated category, or better, when it embarks on its first
NI43-101 resource estimate during calendar 2Q, 2008.
Upper Footwall Zone (UFZ)
The
Upper Footwall zone was originally discovered during the 2006 drill program
when RM06-04f intersected 6 metres of 14.6% copper with 1.6 g/T gold (see
Rambler release July 13, 2006). The latest UFZ intersection from RM07-08j
has allowed Rambler to correlate this high grade zone an additional 200 metres
down plunge bringing its total plunge length to 350 metres.
Lower Footwall Stringer Zone (LFZ)
RM08-08k
was drilled approximately 50 metres to the north-west of the original RM05-08
mother hole. Other drill holes in this area have also returned multiple
intersections of +2% copper confirming that both thickness and grade of the LFZ
is improving with depth. Finishing the surface footwall program on this
positive note is encouraging in that the depth potential of the LFZ is yet to
be discovered.
Larry
Pilgrim, P.Geo and Independent Consultant comments;
�It�s very encouraging that drill hole RM08-08k, the deepest hole
drilled to date on the down plunge of the Ming Massive Sulphide and the Lower
Footwall Stringer Zones, has intersected a continuation of the robust massive
and stringer mineralization and remains open at depth.�
For
more information and a complete listing of all RMM drill intersections,
corresponding maps, figures and NI43-101 compliance information please visit
our website at www.ramblermines.com.
Dewatering Progress
With 175 million gallons of
water pumped and treated from the old mine, water levels are currently nearing
the main crusher station on the 1800 level. As the water table recedes,
new air, water and electrical services have been installed. The Mine is
expected to be fully dewatered by summer 2008. If warranted, Rambler would be
in a position to begin pre-production development once the Mine is fully
dewatered.
George Ogilvie, P.Eng.
VP & COO
Rambler Metals and Mining
Canada Limited
Tel No: 709-532-4990
Leslie Little
Company Secretary
Rambler Metals & Mining Plc
Tel No: +44 (0) 20-7661-8104
David Newton
Seymour Pierce Limited
Tel No: +44 (0) 20-7107 8000
Chelsea Hayes
Pelham Public Relations
Tel No: +44 (0) 20-7743-6675
Larry Pilgrim, P.Geo. is the Qualified Person responsible for the technical
content of this release and has reviewed and approved it accordingly. Mr.
Pilgrim is an independent consultant contracted by Rambler Metals and Mining
plc.
All tonnes are dry metric
tonnes.
Drill intercepts quoted are
core lengths; true widths for the Ming, Upper and Lower Zones are estimated to
be 90% to 95% of the intersected core lengths. Analytical results for
Rambler core in this press release were determined at Eastern Analytical,
Springdale, NL. Samples are then shipped by courier to Activation
Laboratories Ltd., Ancaster Ontario, where a 34 element ICP analysis and gold
fire assay are performed.
National Instrument 43-101
compliance information regarding sampling and analytical protocols pertaining
to the Rambler Project can be accessed via the following link: http://www.ramblermines.com