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.
Rambler Metals to start copper production from Ming in Q2 as gold pours continue
18th Jan 2012, 7:49 am by Andre Lamberti
The next pour is scheduled for January 31 and every two weeks thereafter
Rambler Metals and Mining (LON:RMM, ) expects to start production of copper concentrate from its flagship Ming mine in Canada in the second quarter of the calendar year.
In the meantime, it is generating revenue with continuing gold pours. The first dore bars were produced last month and to date, Rambler has completed three gold pours for a total of 2,446 ounces.
The next pour is scheduled for January 31 and every two weeks thereafter.
The gold ore comes from the 1806 zone of the mine.
Development of the 1807 zone, which contains the high-grade copper ore that the company will turn into concentrate, is making good progress, the company said.
Chief executive George Ogilvie said: "This 1807 zone has returned some very encouraging diamond drill intersections grading over 10 per cent copper and we are anxious to begin new exploration drilling to further extend the ore body both up and down plunge.
“Our Ming copper-gold mine is now a production reality and while our feasibility study has set a production benchmark we have the ability to continue to improve those economics through the better then predicted commodity prices we see today and through the addition of new tonnes with our exploration programs.”
The Ming mine is located on Newfoundland and Labrador's Baie Verte Peninsula.
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