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13/05/2011

George Ogilvie from Rambler Metals says the company is “significantly undervalued”

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Additional Information
Market: TSX-V AIM
Sector: General Mining
EPIC: RAB
Latest Price: 0.48  (0,00%)
52-week High: 0.78
52-week Low: 0.38
Market Cap: 59.18M
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Rambler Metals & Mining
www.ramblermines.com

Rambler Metals and Mining plc was established to invest in the base metal sector in politically stable jurisdictions. Its principal project is the Rambler copper-gold property, located on the Baie Verte Peninsula of Newfoundland and Labrador, Canada.

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Rambler completes NI 43-101 resource estimate for Ming copper-gold mine in Canada

26th Feb 2009, 12:00 am by Andre Lamberti

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.

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