Rambler Metals & Mining
Rambler Metals and Mining PLC is engaged in the development and exploration programme that the Company is carrying out at the Rambler copper and gold property in the Baie Verte Peninsula of Newfoundland, Canada. The area has a history and culture of gold, base metals and industrial minerals mining. The Rambler property contains the former producing Ming and Ming West Cu-Au mines. In June 2008, the Company released its first NI43-101 compliant resource for the Rambler property.
Rambler completes NI 43-101 resource estimate for Ming copper-gold mine in Canada
Rambler Metals and Mining PLC said it has completed a NI 43-101 compliant resource update for its copper-gold Ming mine project on the Baie Verte Peninsula, Newfoundland, Canada, showing a total measured and indicated resource of 3.651 million tons grading 2.21 percent copper and 1.37 grams per ton of gold.
The inferred resource stands at 1.498 million tons grading 1.72 percent copper and 2.05 g/t gold.
George Ogilvie, Rambler's President and CEO said: ”The latest resource is significant in that we have been able to increase the tonnes, contained metal, gold and silver in the high grade massive sulphide zones. The high grade massive sulphide zones will form the basis for our initial mine plan which will be close to the historical production rate of 240,000 tonnes per annum.
“Upon completion of the project financing it is our intention to rapidly develop the Ming Massive Sulphide Zones bringing them into production in 2010. Upon the re-commencement of exploration diamond drilling additional resources will be forthcoming as all mineralized zones are open in all directions,“ he added.
Other Rambler Metals & Mining articles
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04/03/10 Rambler Metals secures gold off-take for Ming mine
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21/09/09 Rambler Metals and Mining extends gold exploration footprint near Ming Copper-Gold Mine
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05/01/09 George Ogilvie of Rambler Metals & Mining Speaks to Proactive Investors
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10/12/08 Rambler Metals and Mining expects pre-feasibility study in January
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09/09/08 Rambler Metals and Mining cuts 2.9 metres of 3.05 g/t Gold and 5.19% Copper
Other Rambler Metals & Mining news
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02/02/10 Seymour Pierce says 'buy' Rambler Metals after Nugget Pond copper-gold project update
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26/01/10 Rambler Metals hopes to part-fund asset development with gold mined on Nugget Pond property
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08/12/09 Rambler Metals working towards 2011 production at Ming Copper-Gold Mine
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28/10/09 Rambler Metals & Mining says operations on track, still in financing talks
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22/10/09 Rambler Metals Closes Placing to Fund Nugget Pond Mill acquisition
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02/10/09 Rambler Metals raises £5.5 mln in private placing for gold mill acquisition and refurbishment
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29/09/09 Rambler Metals to raise 5.5 mln in private placing for gold facility refurbishment
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09/09/09 Rambler Metals and Mining acquires Nugget Pond processing facility from Crew Gold
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12/08/09 Rambler Metals eyes up Crew Gold’s Nugget Pond processing facilities for Ming Copper-Gold Project
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27/05/09 Rambler Metals says engineering study for Ming Copper-Gold Mine nearly complete
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