Rambler Metals and Mining Plc (RMM)

Rambler Metals and Mining Plc (RMM)

Rambler Reports Latest Drill Results at the Ming Mine Drills 5.10 metres of 3.68 g/T Gold and 15.77% Copper

London, England & Baie Verte, Newfoundland and Labrador – Rambler Metals and Mining plc is pleased to announce further positive drill results from its underground diamond drilling exploration program at the Ming Mine by drilling 5.10 metres of 3.68g/T Gold and 15.77% copper.

Ming Massive Sulphide Horizon (South Zone)
During the historical production period of the Ming Mine, ore was extracted primarily from the Ming Massive Sulphide Horizon. Due to lower metal prices at the time, much of the ore on the periphery of the deposit was deemed uneconomical to extract. In view of the present favourable market prices for copper and gold, Rambler has designed part of its ongoing underground diamond drill program to define the extent of these unmined zones. These zones of high-grade mineralization, which are close to present development, could increase cash flows in the early years of production, reducing the initial capital investment required for start-up and improving the overall project economics.

The second underground drill rig is expected to arrive at the end of May and will focus on delineating the near development massive sulphide zones, as well as the potential high-grade gold mineralization associated with the massive zones.

George Ogilvie, P.Eng, President and CEO, Rambler commented;

“The underground diamond drilling is now beginning to discover high grade massive sulphides with associated gold that were not previously mined. We are confident that with the addition of a smaller second underground drill further success can be achieved in discovering new areas of mineralization. It’s also important to bear in mind that these results were not considered in our recently published NI43-101 but will be included in the resource update that we expect to publish later in the year.”

For more information please visit www.ramblermines.com

No Comments

Post a Comment