14th May, 2008
Rambler Reports Latest Drill Results at the Ming Mine
Drills 5.10 metres of 3.68 g/T Gold and 15.77% Copper
London, England & Baie Verte, Newfoundland and
Labrador � Rambler Metals and Mining plc (TSXV: RAB, AIM:
RMM) is pleased to announce further positive drill results from its underground
diamond drilling exploration program at the Ming Mine.
Highlights include the following assay results:
|
Drill Hole
|
Sample Length
|
Au
|
Cu
|
|
RMUG08-46
|
2.20
m
|
0.41 g/t
|
2.75 %
|
|
RMUG08-56
|
13.90
m
|
0.82 g/t
|
2.42 %
|
|
� including
|
1.70
m
|
6.53 g/t
|
18.35 %
|
|
RMUG08-57
|
2.20
m
|
1.05 g/t
|
5.12 %
|
|
RMUG08-60
|
17.20
m
|
1.20 g/t
|
5.70 %
|
|
� including
|
5.10
m
|
3.68 g/t
|
15.77 %
|
|
RMUG08-61
|
3.95
m
|
1.47 g/t
|
5.25 %
|
|
RMUG08-62
|
2.95
m
|
2.45 g/t
|
5.28 %
|
Ming Massive Sulphide Horizon (South Zone)
During the historical production period of the Ming
Mine, ore was extracted primarily from the Ming Massive Sulphide Horizon.�� Due to lower metal prices at the time, much
of the ore on the periphery of the deposit was deemed uneconomical to
extract.� In view of the present
favourable market prices for copper and gold, Rambler has designed part of its
ongoing underground diamond drill program to define the extent of these unmined
zones. These zones of high-grade mineralization, which are close to present development,
could increase cash flows in the early years of production, reducing the
initial capital investment required for start-up and improving the overall
project economics.
The second underground drill rig is expected to arrive
at the end of May and will focus on delineating the near development massive
sulphide zones, as well as the potential high-grade gold mineralization
associated with the massive zones.
Surface
Program
After
a number of years of continuous drilling the directional surface program
officially ended April 2008 with the culmination of our first published
NI43-101 resource estimate.�� The last
holes from this program have returned encouraging results however Rambler
believes that future exploration can be better achieved through underground
drifting from existing levels.�� RM08-21
was designed to test the highly promising 1807 Massive Sulphide Zone 100m down
plunge of any existing intersection to date.
In the next few months Rambler
will be conducting a Titan 24 DCIP and MT ground geophysical survey over
Rambler Property adjacent to the known deposits. This survey will aim to
identify massive sulphide drill targets and will also be useful in helping the
Rambler team unravel the structural history of the area by identifying more
favourable horizons of mineralization.�
The Titan 24 system has the ability to effectively search for conductive
bodies up to 1 km
in depth, far beyond the capabilities of any previous geophysical surveys
completed in the area.
George Ogilvie, P.Eng, President and CEO, Rambler
commented;
�The underground diamond drilling is now beginning to
discover high grade massive sulphides with associated gold that were not
previously mined. We are confident that with the addition of a smaller second
underground drill further success can be achieved in discovering new areas of
mineralization. It�s also important to bear in mind that these results were not
considered in our recently published NI43-101 but will be included in the
resource update that we expect to publish later in the year.�
The table below summarizes the widths, grades and
drill station of the recent holes. All underground drill holes targeted the up
plunge extension of the Ming Massive Sulphide Horizon (South Zone).
|
Target
|
Drill Level
|
Hole
|
From
(m)
|
To
(m)
|
Length (m)
|
Length (feet)
|
Au
(g/t)
|
Cu
(%)
|
|
South Zone
|
1500
|
RMUG08-45
|
67.00
|
69.00
|
2.00
|
6.56
|
1.08
|
1.99
|
|
|
|
|
|
|
|
|
|
|
|
South Zone
|
1500
|
RMUG08-46
|
22.50
|
24.70
|
2.20
|
7.22
|
0.41
|
2.75
|
|
|
|
|
|
|
|
|
|
|
|
South Zone
|
1800
|
RMUG08-56
|
27.60
|
41.50
|
13.90
|
45.60
|
0.82
|
2.42
|
|
|
|
including
|
34.40
|
36.10
|
1.70
|
5.58
|
6.53
|
18.35
|
|
|
|
|
|
|
|
|
|
|
|
South Zone
|
1800
|
RMUG08-57
|
30.10
|
33.70
|
3.60
|
11.81
|
0.93
|
3.81
|
|
|
|
including
|
31.50
|
33.70
|
2.20
|
7.22
|
1.05
|
5.12
|
|
|
|
|
|
|
|
|
|
|
|
South Zone
|
1800
|
RMUG08-58
|
35.25
|
40.60
|
5.35
|
17.55
|
0.81
|
1.43
|
|
|
|
including
|
35.25
|
37.05
|
1.80
|
5.91
|
0.80
|
3.27
|
|
|
|
|
|
|
|
|
|
|
|
South Zone
|
1800
|
RMUG08-60
|
50.90
|
68.10
|
17.20
|
56.43
|
1.20
|
5.70
|
|
|
|
Including
|
54.30
|
66.60
|
12.30
|
40.35
|
1.68
|
7.96
|
|
|
|
Including
|
57.40
|
62.50
|
5.10
|
16.73
|
3.68
|
15.77
|
|
|
|
|
|
|
|
|
|
|
|
South Zone
|
1800
|
RMUG08-61
|
40.90
|
58.60
|
17.70
|
58.07
|
0.46
|
1.38
|
|
|
|
Including
|
51.05
|
55.00
|
3.95
|
12.96
|
1.47
|
5.25
|
|
|
|
Including
|
52.00
|
54.00
|
2.00
|
6.56
|
2.33
|
7.11
|
|
|
|
|
|
|
|
|
|
|
|
South Zone
|
1800
|
RMUG08-62
|
30.00
|
35.20
|
5.20
|
17.06
|
0.39
|
1.97
|
|
|
|
RMUG08-62
|
83.10
|
94.85
|
11.75
|
38.55
|
0.94
|
1.56
|
|
|
|
Including
|
91.90
|
94.85
|
2.95
|
9.68
|
2.45
|
5.28
|
|
|
|
including
|
93.00
|
94.85
|
1.85
|
6.07
|
3.83
|
8.38
|
|
|
|
|
|
Surface Drilling
|
|
1807 Zone
|
|
RM08-20o
|
660.30
|
660.80
|
0.50
|
1.64
|
3.90
|
2.90
|
|
1807 Zone
|
|
RM08-21
|
765.75
|
766.50
|
0.75
|
2.46
|
3.34
|
4.20
|
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 .
George Ogilvie, P.Eng.
President and CEO
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
Nandita Sahgal
Seymour Pierce Limited
Tel No: +44 (0) 20-7107 8000
Chelsea Hayes/Klara Kaczmarek
Pelham Public Relations
Tel No: +44 (0) 20-7743-6675 /20-3159-4395
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 Gold Zone and Ming Zone
are estimated to be in excess of 60% of the intersected core lengths.
Analytical results for Rambler core are first determined at Eastern Analytical,
Springdale, NL.�� S amples are then shipped by courier
to Activation Laboratories Ltd.(�Actlabs�), Ancaster Ontario,
where a 34 element ICP analysis and gold fire assay are performed.�� The results presented in this release are
based on assay data from Eastern Analytical and Actlabs�.�� ActLabs� data, being the accredited lab for
this project, will supersede all other results.
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