Sunday 11th December 2016

Resource Clips



Rambler reports Newfoundland Gold Assays up to 39.8 g/t over 29.8m

Resource Clips - essential news on junior gold mining and junior silver miningRambler Metals and Mining plc TSXV:RAB announced assays from its Ming Copper-Gold Mine in the Baie Verte Peninsula, Newfoundland. Results (uncut) include

39.8 g/t gold over 29.8 metres
4.35 g/t over 18.4 metres
18.04 g/t over 5.5 metres
7.45 g/t over 5.6 metres
49.69 g/t over 4.5 metres
7.82 g/t over 6.1 metres

Rambler Metals also announced that a total of 9,714 ounces gold have been poured at the mine to date.

President/CEO George Ogilvie said, “The early gold production from the 1806 zone has been successful; while the recent exploration drilling in new areas of the 1806 zone has also returned some very encouraging grades. While there is currently 16,000 tonnes of 1806 gold ore remaining to be processed the recent exploration drilling results have outlined additional stoping blocks for future mining. Based on our projections gold processing should be completed by mid-May whereupon the company will begin running low-grade copper ore through the concentrator as part of the start-up and commissioning process. Once the process has been optimized high-grade copper ore from the 1807 zone will be fed through the mill. Fiscal 2013 will be an important year for the company as we aim to place the company on a strong financial footing by executing our Phase I high-grade low-tonnage mine plan with a mind to continuing to identify opportunities for optimization and possible expansion beyond 2014.”

View Company Profile

Contact:
George Ogilvie
President/CEO
709.800.1929

by Ted Niles

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