🕐21.09.09 - 17:37 Uhr
Rambler Explores for New Gold
21 September 2009
RAMBLER EXPLORES FOR NEW GOLD
London, England & Baie Verte, Newfoundland and Labrador Rambler Metals and
Mining plc (Rambler) (TSXV: RAB, AIM: RMM) recently announced its intent
to purchase the Nugget Pond gold processing facility on the Baie Verte
peninsula.
While it is Ramblers intentions to upgrade the mill with a new
base metal flotation circuit, to accommodate feed from its own Ming
copper-gold mine, the company is also taking a proactive approach in
searching for potential gold properties in the surrounding area.
To date two such properties have been identified.
The Corkscrew/ Big Bear
property and the Deer Cove gold deposit, both located on the Baie Verte
Peninsula are within trucking distance of Nugget Pond.
George Ogilvie, President and CEO commented;
Each property presents its own unique opportunity in turn exposing Rambler
to both short and long term production scenarios.
The Deer Cove deposit
could take advantage of Ramblers experienced mining and technical team
while the Corkscrew/ Big Bear is a grass roots, underexplored property with
significant upside potential.
The agreements potentially give Rambler the opportunity to develop a gold
property which is in close proximity to Nugget Pond, our soon to be acquired
gold hydrometallurgical facility.
Further it fits well with our strategy of
becoming a major gold and base metal producer on the Baie Verte Peninsula.
For more information please set our corporate website at
www.ramblermines.com
For further information, please contact:
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) 14-8341-9942
Nandita Sahgal
Seymour Pierce Limited
Tel No: +44 (0) 20-7107 8000
Chelsea Hayes/Klara Kaczmarek
Pelham Public Relations
Tel No: +44 (0) 20-7337-1523 /20-7337-1524
Website: www.ramblermines.com
Neither TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy
of this release.
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 intersections quoted are core lengths.
Analytical results were
determined at Eastern Analytical, Springdale, NL.
All historical samples
quoted include original assay certificates.
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
About the Company
The principal activity of the Company is to carry out development and
exploration on the Ming Property, a mineral exploration property located on
Newfoundland and Labradors Baie Verte Peninsula.
The Company is committed
to bringing the former Ming Mine back into production.
The Ming property had been a former underground copper and gold producer
that ceased production when the deposit reached a then third party property
boundary.
This neighbouring property was subsequently consolidated before
being brought into the Company.
The Company now owns a 100% interest in the
property.
With the impending acquisition of the Nugget Pond gold processing facility
and its subsequent modification Rambler will soon have the capability and
flexibility to process multiple ore types either from its own property or
through toll milling agreements.
This diversification will create direct
share holder value while further reducing the risk of fluctuating commodity
prices.
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