Rambler Metals & Mining Plc

Rambler Metals & Mining Plc

October 02, 2007 02:00 ET

Rambler Remains on Track Drilling 231 feet of 1.5% Copper Including Multiple Zones Grading Above 2.0% Copper

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

- RM07-08f returns 231.3 feet of 1.5% copper on the Ming Footwall Zone.
Including 17.4 feet of 4.5% copper
Including 44.6 feet of 2.7% copper

Ming Footwall Zone

RM07-08f was drilled in the heart of the Ming Footwall Zone (MFZ) some 400m down plunge of the old mining face. The significant widths and grades in this hole will play an important role as Rambler embarks on its NI43-101 reserve resource calculation to be published in 2008. Additional holes are planned in this area with results expected to be released in the coming weeks.

Hole From To Length Length Cu Au
(m) (m) (m) (feet) (%) (g/T)
RM07-08f 1184.60 1199.40 14.80 48.56 1.8 0.077
including 1195.00 199.40 4.40 14.44 3.1 0.172
RM07-08f 1215.60 1286.10 70.50 231.30 1.5 0.042
including 1228.00 1233.30 5.30 17.39 4.5 0.073
Including 1240.00 1253.60 13.60 44.62 2.7 0.119
RM07-08f 1293.70 1303.20 9.50 31.17 1.2 0.042
including 1293.70 1296.70 3.00 9.84 2.3 0.110

Ming and 1807 Zone

RM07-20a was planned to target the 1807 zone 25 metres across strike of RM07-20; RM07-20b's target was 50 metres up plunge and to the west of RM07-20. Although both holes intersected stringer mineralization over a metre in length, neither hole graded above 1% copper. For more information on these 2 holes 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.

Dewatering and Underground Delineation Program

The dewatering of the old mine continues and to date 83 million US gallons of water have been pumped and processed by the water treatment plant. Water levels are currently at the 600 level and the first underground drill station will be on the 740 level. The ground conditions within the mine remain good and the underground crews continue to install service including air, water and electrical power back into the mine.

George Ogilvie, Vice President and COO stated:

"We are pleased to announce continued drilling results at the heart of the Ming Footwall Zone with strong grades of copper at multiple zones of over 2%. The dewatering programme of the old mine is progressing at a steady rate and we remain on track to begin our underground delineation drilling program in 2007 Q4."

Kevin Regular, P.Geo. is the Qualified Person responsible for the technical content of this release. Mr. Regular is an independent consultant and is not an employee of 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