Rambler Metals & Mining Plc

Rambler Metals & Mining Plc

November 02, 2007 03:00 ET

Rambler Doubles the Upper Ming Footwall's Plunge Length 8.2 feet of 6.04% Copper

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - Nov. 2, 2007) - Rambler Metals and Mining plc (TSX VENTURE:RAB)(AIM:RMM) is pleased to announce the latest intersection from its ongoing surface drilling program.

- RM07-08h returned 33.5 feet of 2.5% copper on the Upper Ming Footwall Zone.
Including 8.2 feet of 6.04% copper

Upper Ming Footwall Zone (UMFZ)

The Upper Ming Footwall Zone was first discovered during the 2006 drill program when RM06-04f returned 19.7 feet of 14.4% copper with 1.8 g/T gold. Since its discovery three more drill holes have intersected the high grade mineralization bringing its total plunge length to 500 feet. This new hole, RM07-08h, has extended the mineralization an additional 300 feet down plunge; more importantly it has allowed Rambler to correlate the previously reported drill holes with RM05-08 that intersected the edge of the zone. The plunge length of the UMFZ now exceeds 1150 feet and is open at depth.

Additional holes are planned to further delineate the UMFZ which will play a key role in Rambler's NI43-101 resource calculation expected to begin Q2, 2008.

The table below lists the drill holes from the UMFZ that have been
previously announced, including the latest intersection in RM07-08h.

Hole From To Length Length Cu Au
(m) (m) (m) (feet) (%) (g/T)
RM06-04f 974.00 980.00 6.00 19.68 14.55 1.6
RM06-04g 966.10 980.50 14.40 47.23 5.16 0.4
including 967.50 970.80 3.30 10.82 14.60 1.4
RM06-04h 962.60 972.50 9.90 32.47 3.51 0.4
including 968.60 970.60 2.00 6.56 11.56 1.3
RM06-04l 996.00 1001.00 5.00 16.40 5.20 0.3
Including 996.00 998.00 2.00 6.56 10.70 0.6
RM07-08h 1094.30 1104.50 10.20 33.46 2.50 0.1
Including 1094.30 1096.80 2.50 8.20 6.04 0.3

For more information and a complete listing of all RMM drill intersections, corresponding maps, figures and NI43-101 compliance information please visit our website at www.ramblermines.com.

George Ogilvie, Vice President and COO stated:

"This new discovery more than doubles the previously intercepted mineralized zone and is very significant at these widths and grades. We believe that the old mine will continue to reveal other opportunities of this nature, in particular, once we start underground drilling in November. This zone is within 300 feet of the old mine workings which will facilitate a quick and cost effective start up in the mining phase."

Larry Pilgrim, P.Geo. is the Qualified Person responsible for the technical content of this release. Mr. Pilgrim is an independent consultant contracted by Rambler Metals and Mining plc.

All tonnes are dry metric tonnes.

Drill intercepts quoted are core lengths; true widths are estimated to be 90% to 95% of the intersected core lengths. Analytical results for Rambler core in this press release were determined at Eastern Analytical, Springdale, NL. Samples are then shipped by courier to Activation Laboratories Ltd., Ancaster Ontario, where a 34 element ICP analysis and gold fire assay are performed.

National Instrument 43-101 compliance information regarding sampling and analytical protocols pertaining to the Rambler Project can be accessed via the following link: http://www.ramblermines.com.

Contact Information

  • Rambler Metals and Mining Canada Limited
    George Ogilvie, P.Eng.
    VP & COO
    (709) 532-4990
    Rambler Metals & Mining Plc
    Leslie Little
    Company Secretary
    +44 (0) 20-7661-8104
    Website: www.ramblermines.com
    Insinger de Beaufort
    Nandita Sahgal
    +44 (0) 20-7190-7000
    Pelham Public Relations
    Chelsea Hayes
    +44 (0) 20-7743-6675