Rambler Metals and Mining plc – Drilling Results

Rambler Metals and Mining plc – Drilling Results

Rambler Intersects High Grade Gold, Copper and Zinc at the Ming Mine: Including 8.70 metres of 30.93 g/t Gold, 2.14% Copper and 7.98% Zinc

Rambler Metals and Mining plc (RMM) is pleased to announce exceptional high grade gold, copper and zinc drill results from its underground diamond drilling exploration program at the Ming Mine.

Ming Massive Sulphide Horizon –1806 Zone
The latest results from the diamond drilling program have returned exceptional gold mineralization directly adjacent to the now de-watered underground development near the north boundary of the Ming Massive Sulphide. The mineralization and alteration in the new drilling is very similar to that seen on the 1807 access drift, also reported in this release.

The gold zone’s alteration package has been recorded over a length of 550 metres at the 650, 740, 920 and 1600 levels and remains open both up and down plunge. The true thickness is estimated to be in excess of 10 metres while the full strike length of the zone is yet to be determined. New drill bays are being developed on the 400, 1020, and 1400 levels to further delineate this 1806 zone which will be included in the NI43-101 resource update due to be released in 1Q2009.

Rambler is also pleased to announce that the first access drift to the 1807 zone is now complete and has intersected high grade massive sulphide on the -329m elevation grading 12.83% copper over 2.40 metres and 12.55% copper over 2.60 metres. The true thicknesses of these holes are estimated to be in excess of 75% of the reported core length. Along this drift we have also assayed areas which we believe to be the 1806 zone with diamond drill holes returning average grades of 4.22 g/t and 2.70 g/t gold over 1.20 m and 4.00 m respectively. New drilling has been planned for this area to test the extent of the mineralization.

The 1806 zone was first discovered on the 1800 level during the closing days of the historic mine. However, no ore was extracted from this level, which is approximately 1000 metres in plunge length from surface, leaving this entire area open for exploration. These drill results continue to demonstrate the high resource potential of the under-explored Ming Property.

George Ogilvie, P.Eng and Chief Executive Officer, Rambler commented;
“We are very pleased by the latest drilling results which indicate that there could be a significant gold resource in addition to the 155,000 ounces of gold currently defined within our NI43-101 resource estimate. This un-mined resource is very close in proximity to our main ramp which would allow us to minimize capital and operating costs to mine the zone. The growing gold signature on the property is very encouraging as it has the potential to add value and flexibility to our mine plan, in turn creating value for our shareholders.”

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