Rambler Metals & Mining Plc
TSX VENTURE : RAB
AIM : RMM

Rambler Metals & Mining Plc

January 16, 2008 02:00 ET

Rambler Drills 5.2m of 6.7 g/T Gold With 2.96% Copper

Underground Drilling Confirms Significant Gold Mineralization

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - Jan. 16, 2008) - Rambler Metals and Mining plc (TSX VENTURE:RAB)(AIM:RMM) is pleased to announce the first intersections from its underground diamond drilling exploration program.



- RMUG07-01 returns 34.4 m of 1.8 g/T gold with 0.61% copper
- Including 5.2 m of 6.7 g/T gold with 2.96% copper

- RMUG07-05 returns 5.5 m of 3.2 g/T gold with 1.15% copper
- Including 2.6 m of 5.9 g/T gold with 2.30% copper

- RMUG07-07a returns 27.2 m of 1.2 g/T gold with 0.05% copper
- Including 4.9 m of 3.0 g/T gold with 0.03% copper


New Gold Zone

The first Rambler exploration drill holes for the underground drill program were designed to confirm an historically reported drill intersection that returned 28 g/T (0.9 oz/tonne) gold (not NI43-101 compliant) over 2.7 m (9 feet). All of the new holes were collared from the 740 Level and were planned to test the historical mineralized intersection which had returned significant gold and copper assays. The gold mineralization appears to be located in a zone at or near the stratigraphic contact between the hangingwall and footwall rock sequence which also hosts the Ming Massive Sulphide Zone.

Historically gold had been recovered from concentrate during mining and milling of the copper rich deposits in the Rambler Camp. However, copper had been the mineral of choice and little effort appears to have been made to evaluate the gold potential of the mineralized horizons in the immediate vicinity of the Massive Sulphide deposits, no doubt due to the price of gold at the time of production. The significant gold intersections in recent holes completed by Rambler Metals and Mining indicates the possible potential for a standalone gold resource that may be realized in the Rambler Camp.

It is important to note that this potential gold resource is located in close proximity to the already developed ramp access and easily accessible with virtually no development cost. Additional holes have been planned to determine the orientation and extent of mineralization. The table below summarizes the widths and grades of the recent holes.



---------------------------------------------------------------------------
Hole From To Length Length Cu Au
(m) (m) (m) (feet) (%) (g/T)
---------------------------------------------------------------------------
RMUG07-01 0.00 34.40 34.40 112.86 0.61 1.8
including 19.5 34.00 14.90 48.88 1.27 3.3
including 29.20 34.40 5.20 17.06 2.96 6.7
RMUG07-02 78.70 81.70 3.00 9.84 0.37 1.9
RMUG07-03 7.10 9.10 2.00 6.56 0.09 0.9
RMUG07-04 9.40 13.00 3.60 11.81 1.06 0.8
including 10.40 12.10 1.70 5.58 2.24 1.6
RMUG07-05 13.00 18.50 5.50 18.04 1.15 3.2
including 14.90 17.50 2.60 8.53 2.30 5.9
RMUG07-07a 11.80 39.00 27.20 89.24 0.05 1.2
including 18.80 33.60 14.80 48.56 0.05 1.9
including 18.80 23.70 4.90 16.08 0.03 3.0
RMUG07-08 0 34.50 34.5 113.19 0.3 1.3
including 29.30 34.00 4.70 15.42 0.7 3.6


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.

Larry Pilgrim, P.Geo. is the Qualified Person responsible for the technical content of this release and has reviewed and approved it accordingly. 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 for the gold zone are estimated to be in excess of 60% 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
    or
    Rambler Metals & Mining Plc
    Leslie Little
    Company Secretary
    +44 (0) 20-7661-8104
    Website: www.ramblermines.com
    or
    Seymour Pierce Limited
    David Newton
    +44 (0) 20-7107 8000
    or
    Pelham Public Relations
    Chelsea Hayes
    +44 (0) 20-7743-6675