🕐11.04.12 - 09:54 Uhr

RAMBLER METALS & MINING (AIM: RMM / TSXV: RAB) OPERATIONS UPDATE



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
-------------------------------------------------------------------------------- CONFIDENTIALITY NOTICE AND LEGAL LIABILITY WAIVER: The content of this email and any attachments are CONFIDENTIAL and may contain privileged information.

If you are not the addressee it may be UNLAWFUL for you to read, copy, distribute, disclose or otherwise use the information contained herein.

The content of the message and or attachments may not reflect the view and opinions of the originating company or any party it is representing.

If you are NOT the intended recipient then please email back to ------------------------------------------------------------------------------------






Products & Services | Jobs