18th June 2008
Rambler�s Drills 7.50 metres of 3.62 % Copper
In Lower Footwall Drill Program at the Ming Mine
London, England & Baie Verte, Newfoundland and Labrador � Rambler Metals and Mining plc (TSXV: RAB, AIM: RMM) (�Rambler�) is pleased to announce further positive drill results from its underground exploration program drilling the Lower Footwall Zone at the Ming Mine.
Drilling highlights:
- Good progress on the underground drilling program at the Lower Footwall Zone which commenced in November 2007
- Additional drill rig acquired on 5th June 2008 to expedite the exploration program
- Latest samples demonstrate copper grades as high as 3.74%
- Average copper grades of over 2% copper or better with gold as a valuable by-product
- Next drill results update is expected in calendar [Q3 2008]
Highlights include the following assay results:
Drill Hole
|
Sample Length
|
Au
|
Cu
|
RMUG08-54
|
6.00 m
|
0.12 g/t
|
1.95 %
|
RMUG08-55
|
8.00 m
|
0.07 g/t
|
2.17 %
|
RMUG08-59
|
7.00 m
|
0.10 g/t
|
2.14 %
|
including
|
4.00 m
|
0.15 g/t
|
3.10 %
|
RMUG08-66
|
2.00 m
|
0.40 g/t
|
2.46 %
|
RMUG08-68
|
3.00 m
|
0.13 g/t
|
2.96 %
|
RMUG08-68
|
7.50 m
|
0.26 g/t
|
3.62 %
|
RMUG08-69
|
2.00 m
|
0.12 g/t
|
3.74 %
|
RMUG08-69
|
6.10 m
|
0.06 g/t
|
1.84 %
|
RMUG08-70
|
6.00 m
|
0.21 g/t
|
2.03 %
|
RMUG08-70
|
10.90 m
|
0.10 g/t
|
2.08 %
|
RMUG08-71
|
8.50 m
|
0.17 g/t
|
2.42 %
|
RMUG08-71
|
6.00 m
|
0.15 g/t
|
2.60 %
|
RMUG08-73
|
134.70 m
|
0.06 g/t
|
1.04 %
|
including
|
19.00 m
|
0.08 g/t
|
1.92 %
|
RMUG08-74
|
16.30 m
|
0.10 g/t
|
1.54 %
|
RMUG08-74
|
5.10 m
|
0.06 g/t
|
1.92 %
|
Lower Footwall Zone
The underground drill delineation program is progressing well and Rambler is pleased with the drill results to date. The continued success of this program will have a significant impact on both the size and grade of the footwall resource which will in turn strengthen the economics of this already extensive zone. Over the coming months Rambler plans to refine the 4,000 tpd mining rate envisaged in the recently completed scoping report through its pre-feasibility engineering study.
Larry Pilgrim, Chief Geologist and independent consultant commented;
�We are very pleased that Rambler now has two underground drill rigs on site especially at a time when the mining industry is facing increased demands for such equipment. These drills are now in place, testing both the footwall stringer zone and the strike extension of the Ming Massive sulphide horizon. Rambler is confident that the results of these drill programs will continue to build on the resource estimate outlined in the NI 43-101 Report released on June 16th 2008. �
A complete listing of all drill highlights for this release can be found in Appendix 1. For more information on all RMM drill intersections, corresponding maps, figures and NI43-101 compliance information please visit our website at www.ramblermines.com .
About the Company
Rambler Metals and Mining plc ("Rambler") was established to invest in the base metal sector in politically stable jurisdictions. Its principal project is the Rambler copper-gold property, located on the Baie Verte Peninsula of Newfoundland and Labrador, Canada. Rambler acquired the property from Altius Minerals Corporation in exchange for ordinary shares during 2005.
The Rambler property contains the former producing Ming and Ming West copper-gold mines. The Ming Mine last operated in 1982 and the Ming West Mine in 1996. Mining of the Ming Mine ceased when workings reached a neighbouring property boundary. Rambler Metals and Mining acquired the property after it had been successfully consolidated.
The Ming and Ming West Mines exploited relatively narrow zones of high-grade copper and gold mineralization. Sections of this mineralization remain in the lower part of the Ming Mine and it is open to depth. Rambler is dewatering the Ming Mine concurrently with an underground drill delineation program to improve the resource dataset and to prepare the mine for the next phase of pre-development. The Lower Footwall Zone is located approximately 100 metres below and generally parallel to the historic Ming Mine workings.
Enquires:
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 Lower Footwall Zone are estimated to be in excess of 60-90% 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
The TSX-Venture Exchange does not accept responsible for the adequacy or accuracy of this release.
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Rambler Metals & Mining Plc
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EXPLORATEUR |
CODE : RMM.L |
ISIN : GB00B06Y3F14 |
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Rambler Metals & Mining est une société d’exploration minière de zinc et d'or basée au Royaume-Uni. Rambler Metals & Mining détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont BIG BEAR et MING MINE au Canada. Rambler Metals & Mining est cotée au Canada et au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 1,1 milliards GBX (1,3 milliards US$, 1,2 milliards €). La valeur de son action a atteint son plus haut niveau récent le 17 février 2017 à 9,99 GBX, et son plus bas niveau récent le 30 décembre 2022 à 0,05 GBX. Rambler Metals & Mining possède 549 739 702 actions en circulation. |