See below and attached todays Rambler Metals & Mining Project Update.
Best,
Philippe
Rambler Produces Over 9,700 Ounces of Gold
Exploration Drilling Intersects 49.69 g/tonne Gold Over 4.45 Meters
London, England & Baie Verte, Newfoundland and Labrador, Canada -
Rambler Metals and Mining plc (TSXV: RAB, AIM: RMM) (Rambler or the
Company) is pleased to provide a project update for the 100% owned
Ming Copper-Gold Mine ("Ming Mine"), in Newfoundland and Labradors Baie
Verte Peninsula, Canada.
HIGHLIGHTS
GOLD
* Total of 9,714 ounces of gold has been poured to date
* Exploration diamond drilling in the 1806 zone returned new
visible gold intersections
* 4.45 metres (core length) of 49.69 g/tonne gold uncut
(7.57 g/t gold cut)
* 29.80 metres(core length) of 39.80 g/tonne gold uncut
(4.47 g/t gold cut)
Drill Hole
Heading
From
(m)
To
(m)
Length
(m)
Au
(g/t) Uncut
Au
(g/t)
cut
MMUG12-34
4stope1
13.40
43.20
29.80
39.80
4.47
MMUG12-43
4stope1
35.20
53.60
18.40
4.35
MMUG12-44
4stope6
31.80
37.30
5.50
18.04
10.33
MMUG12-45
4stope6
29.40
35.00
5.60
7.45
6.39
MMUG12-51
4stope6
34.00
38.45
4.45
49.69
7.57
MMUG12-53
4stope6
32.00
38.10
6.10
7.82
Note: see table notes below.
COPPER
* Copper concentrate production scheduled to start in May,
beginning with commissioning ore
* Continued development of the high grade copper 1807 zone
* Development face sampling in the 1807 zone 346 level returned
grades of 5.08% copper, 0.94 g/t gold and 10.04 g/t silver and 0.13% Zn
over 3.50 meters
* Development of the 1807 down ramp has intersected a previously
unknown massive sulphide lens with grades of 4.05% Cu, 4.08 g/t Au,
42.95 g/t Ag and 0.31% Zn over 1.5 meters
Zone
Heading
Sample Type
Length
(m)
Cu
(%)
Au
(g/t)
Ag
(g/t)
Zn
(%)
1807
346L
Chip
3.50
5.08
0.94
10.04
0.13
1807
Ramp
Chip
2.50
2.43
2.45
25.81
0.19
including
1.50
4.05
4.08
42.95
0.31
LFZ
1450L
Chip
4.00
1.86
0.15
0.93
0.06
George Ogilvie, President and CEO, commented:
"The early gold production from the 1806 zone has been successful; while
the recent exploration drilling in new areas of the 1806 zone has also
returned some very encouraging grades.
While there is currently 16,000
tonnes of 1806 gold ore remaining to be processed the recent exploration
drilling results have outlined additional stoping blocks for future
mining.
Based on our projections gold processing should be completed by
mid-May whereupon the Company will begin running low-grade copper ore
through the concentrator as part of the start-up and commissioning
process.
Once the process has been optimized high grade copper ore from
the 1807 zone will be fed through the mill.
"Fiscal 2013 will be an important year for the Company as we aim to
place the Company on a strong financial footing by executing our Phase I
high grade low tonnage mine plan with a mind to continuing to identify
opportunities for optimization and possible expansion beyond 2014."
Philippe Polman
Account Manager
Direct line: +44 (0)20 7861 3921
Mobile: +44 (0)7841 672 830
Pelham Bell Pottinger
5th Floor, Holborn Gate, 330 High Holborn, London, WC1V 7QD
Tel: +44 (0)20 7861 3232 Fax: +44 (0)20 7861 3233
www.pelhambellpottinger.co.uk
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