SOURCE: Rambler Metals & Mining Plc

March 24, 2014 07:10 ET

Marathon Continues to Succeed With Drilling at the Sprite Area

2.53 g/t Au Over 16.5 True Thickness, 2.24 g/t Au Over 12 Meters (TT)

LONDON, UNITED KINGDOM and BAIE VERTE, NL--(Marketwired - Mar 24, 2014) -  Rambler Metals and Mining plc (TSX VENTURE: RAB) (AIM: RMM) ('Rambler' or the 'Company'), a copper and gold producer operating in Newfoundland and Labrador, Canada, today announces that Marathon Gold Corp. (TSX: MOZ) ('Marathon') has provided a diamond drilling update on its 100% owned Valentine Lake Project. Rambler has a strategic investment in Marathon.

The highlights of the release have been included below. Additional information on Marathon and the Valentine Lake Project can be found on their website at www.marathon-gold.com

TORONTO, ON - March 24, 2014 - Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ) today announced the intersection of new wide intervals of near-surface QTP-gold mineralization during exploration drilling in the Sprite Area of the Valentine Lake Project (Figure 1). This latest drilling has delineated additional wide intervals of good grade in near surface gold mineralization over a strike length of more than 500 meters. Drilling is expanding the new gold mineralization at the Sprite Area which is open both along strike and down dip.

Highlights include:

  • Near surface intercepts of 2.53 g/t Au over 16.5 meters (TT) including 10.92 g/t Au over 0.83 meters (TT) and 14.12 g/t Au over 1.65 meters (TT) in VL-14-549.

  • Near surface intercepts of 2.24 g/t Au over 12.0 meters (TT) including 8.01 g/t Au over 2.4 meters (TT) in VL-14-551.

  • Intercepts of 1.69 g/t Au over 24.0 meters (TT) including 11.04 g/t Au over 1.2 meters (TT) in VL-14-552.

  • The current area of exploration step-out drilling covers 550 meters of a more than 1 kilometer long by up to 250 meter wide gold mineralized corridor which was identified during the 2013 prospecting program.

  • 14 holes with assays are pending

  • Planning is underway for the summer 2014 exploration program, including continued exploration and resource development at the Sprite, Frank and Marathon Areas and the Victory Gold Deposit.

Click on, or paste the following link into your web browser, to view the associated PDF document:
http://www.rns-pdf.londonstockexchange.com/rns/9927C_1-2014-3-24.pdf

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