Proactive investors

Ming Mine Project

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

Rambler has recently finished dewatering the old mine where ground conditions remained excellent, with minimal rehabilitation, throughout the entire dewatering program.  Pre-production development is currently ongoing while work continues on the detailed engineering and business plan with an expected completion date of 1Q 2009.  In conjunction an updated resource estimate is also expected to be released in 1Q 2009.

Recent Events

    * Rambler Metals and Mining acquired the property after it had been successfully consolidated in 2001.
    * Surface drilling focused on extending the historically mined areas beyond the old property boundary.
    * Underground diamond drill rigs arrived on site in November 2007 to further delineate areas that could not be accessed from surface.
    * In June 2008 the company completed a scoping study conducted by SRK Consulting and published its first NI43-101 resource for the property. It confirmed the Ming Mine can sustain a 4,000 mtpd production rate with a life of mine in excess of 10 years.
    * In July 2008 the Ming Mine was fully dewatered while pre-production development to the 1807 Zone was started.
    * In August 2008 the company hired a General Manager for the site which completes the operations management team necessary to bring the Mine into production.

    * Exploration on the property is ongoing through delineation diamond drilling and geophysical surveys with continued excellent results being produced. (Read More)

Big Bear Project

Rambler has entered into an option agreement with Seaside Realty Ltd (Seaside) to earn up to a 50% undivided interest in the Big Bear Property, located on the Baie Verte Peninsula. As outlined in the agreement Rambler will assume project management of the property for two years. During which time Rambler will be responsible for all geologic compilation and exploration management while Seaside will be responsible for all diamond drilling related costs.

2009/2010 Work Program

A review of historical work indicated that the property is underexplored and warrants significant further work including drill testing. The property lacks a proper property scale geological map, detailed mapping of the exposed mineralization and structural interpretation that would serve to define mineralizing trends and subsequent follow-up work. All mineralized areas reported to date are open both along strike and down dip. (Read More)

Corkscrew Zone outcrop. Buff weathered gabbroic until with narrow quartz veins.

Nugget Pond Mining Facility

The Nugget Pond Milling Facility is located on the Baie Verte Peninsula in northeastern Newfoundland. Rambler purchased the facility from Crew Gold Corporation in October 2009 for $3.5 M CDN. The mill is only 40 km from the Ming Mine Site and it is envisioned that with minor modifications and the addition of a copper floatation circuit the facility will be capable of processing up to 850 mtpd of Ming Ore.

First commercial production at Nugget Pond began in April 1997 at a nominal rate of 350 mtpd. The plant was later optimized to 500 mtpd.

The Nugget Pond facility has surpassed all expectations by running continuously at 98% availability with an average recovery of 95% over the past 10 years. Since its first production in 1997 on the Nugget Pond deposit, the mill has seen ore from three other gold deposits with almost 1.5 million tonnes of ore processed over its life.

The mill itself has a modern but conventional mill circuit that includes leading edge computerized process control systems that assisted mill operators for both production and environmental control. (Read More)