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

Rambler Metals & Mining Plc

October 13, 2008 02:00 ET

Rambler Intersects High Grade Gold, Copper and Zinc at the Ming Mine: Including 8.70 Metres of 30.93 g/t Gold, 2.14% Copper and 7.98% Zinc

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - Oct. 13, 2008) - Rambler Metals and Mining plc (TSX VENTURE:RAB)(AIM:RMM) is pleased to announce exceptional high grade gold, copper and zinc drill results from its underground diamond drilling exploration program at the Ming Mine.



Highlights include the following assay results:

--------------------------------------------------------------
Drill Hole Sample Au Cu Zn
Length
--------------------------------------------------------------
RMUG08-113 1.20 m 4.37 g/t 2.66 % N.A.(i)
--------------------------------------------------------------
RMUG08-120 28.80 m 10.86 g/t 0.77 % 2.47 %
--------------------------------------------------------------
Including 8.70 m 30.93 g/t 2.14 % 7.98 %
--------------------------------------------------------------
RMUG08-121 13.50 m 3.74 g/t 0.58 % N.A.(i)
--------------------------------------------------------------
RMUG08-123 17.90 m 10.81 g/t 0.80 % 3.21 %
--------------------------------------------------------------
Including 4.50 m 28.96 g/t 2.12 % 8.71 %
--------------------------------------------------------------
RMUG08-124 11.40 m 3.01 g/t 0.42 % 1.30 %
--------------------------------------------------------------
RMUG08-125 7.90 m 20.56 g/t 4.12 % 10.13 %
--------------------------------------------------------------
329L-Th-1 2.40 m 4.95 g/t 12.83 % N.A.(i)
--------------------------------------------------------------
329L-Th-4 2.60 m 1.35 g/t 12.55 % N.A.(i)
--------------------------------------------------------------
(i)N.A. - Zinc Not Assayed


Ming Massive Sulphide Horizon -1806 Zone

The latest results from the diamond drilling program have returned exceptional gold mineralization directly adjacent to the now de-watered underground development near the north boundary of the Ming Massive Sulphide. The mineralization and alteration in the new drilling is very similar to that seen on the 1807 access drift, also reported in this release.

The gold zone's alteration package has been recorded over a length of 550 metres at the 650, 740, 920 and 1600 levels and remains open both up and down plunge. The true thickness is estimated to be in excess of 10 metres while the full strike length of the zone is yet to be determined. New drill bays are being developed on the 400, 1020, and 1400 levels to further delineate this 1806 zone which will be included in the NI43-101 resource update due to be released in 1Q2009.

Rambler is also pleased to announce that the first access drift to the 1807 zone is now complete and has intersected high grade massive sulphide on the -329m elevation grading 12.83% copper over 2.40 metres and 12.55% copper over 2.60 metres. The true thicknesses of these holes are estimated to be in excess of 75% of the reported core length. Along this drift we have also assayed areas which we believe to be the 1806 zone with diamond drill holes returning average grades of 4.22 g/t and 2.70 g/t gold over 1.20 m and 4.00 m respectively. New drilling has been planned for this area to test the extent of the mineralization.

The 1806 zone was first discovered on the 1800 level during the closing days of the historic mine. However, no ore was extracted from this level, which is approximately 1000 metres in plunge length from surface, leaving this entire area open for exploration. These drill results continue to demonstrate the high resource potential of the under-explored Ming Property.

George Ogilvie, P.Eng and Chief Executive Officer, Rambler commented;

"We are very pleased by the latest drilling results which indicate that there could be a significant gold resource in addition to the 155,000 ounces of gold currently defined within our NI43-101 resource estimate. This un-mined resource is very close in proximity to our main ramp which would allow us to minimize capital and operating costs to mine the zone. The growing gold signature on the property is very encouraging as it has the potential to add value and flexibility to our mine plan, in turn creating value for our shareholders."

The table below summarizes the widths and grades of the recent diamond drill holes.



----------------------------------------------------------------------------
Drill Hole From To Length Length Au Cu Zn
Level (m) (m) (m) (feet) (g/t) (%) (%)
----------------------------------------------------------------------------
920 RMUG08-109 40.05 42.10 2.05 6.73 1.60 1.70 N.A.

920 RMUG08-113 49.40 50.60 1.20 3.94 4.37 2.66 N.A.

920 RMUG08-116 76.80 77.10 0.30 0.98 3.49 0.17 N.A.

650 RMUG08-120 34.50 63.30 28.80 94.49 10.86 0.77 2.47
Including 38.50 62.60 24.10 79.07 12.87 0.90 2.94
Including 52.90 61.60 8.70 28.54 30.93 2.14 7.98
Including 57.00 57.90 0.90 2.85 18.82 4.00 11.25

650 RMUG08-121 33.90 79.00 45.10 147.97 1.54 0.20 N.A.
Including 43.90 57.40 13.50 44.29 3.74 0.58 N.A.
Including 45.90 46.90 1.00 3.28 13.28 1.04 N.A.

650 RMUG08-123 48.60 66.50 17.90 58.73 10.81 0.80 3.21
Including 57.70 63.60 5.90 19.36 24.32 1.78 9.08
Including 55.60 63.60 8.00 26.25 19.58 1.41 6.91
Including 59.10 63.60 4.50 14.76 28.96 2.12 8.71

650 RMUG08-124 30.60 54.00 23.40 76.77 2.11 0.26 1.41
Including 42.60 54.00 11.40 37.40 3.01 0.42 1.30

650 RMUG08-125 34.90 57.10 23.80 78.08 8.81 2.50 3.82
Including 49.10 56.40 7.90 25.92 20.56 4.12 10.13


The table below summarizes the widths and grades of select diamond drill holes from the new 1807 development drift. Further drill testing is planned to confirm the extent of this zone.



----------------------------------------------------------------------------
Drill Target Hole From To Length Length Au Cu Zn
Level (m) (m) (m) (feet) (g/t) (%) (%)
----------------------------------------------------------------------------
-329 1807 329L-Th-1 8.00 10.40 2.40 7.87 4.95 12.83 N.A.
-329 1807 329L-Th-4 10.00 12.60 2.60 8.53 1.35 12.55 N.A.
Including 11.00 12.60 1.60 5.25 2.13 19.90 N.A.
-345 1805 345L-Th-1 2.30 3.50 1.20 3.94 4.22 3.82 4.27
-345 1806 345L-Th-2 6.20 10.20 4.00 13.12 2.70 0.08 1.23

(i)N.A. - Zinc Not Assayed


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 intersections quoted are core lengths; true widths for the Gold Zone and Ming Zone in this release are estimated to be a maximum of 50% of the intersected core lengths. Analytical results for Rambler core are first determined at Eastern Analytical, Springdale, NL. Samples are then shipped by courier to Activation Laboratories Ltd.("Actlabs'), Ancaster Ontario, where a 34 element ICP analysis and gold fire assay are performed. The results presented in this release are based on assay data from Eastern Analytical and Actlabs'. ActLabs' data, being the accredited lab for this project, will supersede all other results.

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.

The TSX-Venture Exchange does not accept responsible for the adequacy or accuracy of this release.

Contact Information

  • Rambler Metals and Mining Canada Limited
    George Ogilvie, P.Eng.
    President and CEO
    (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
    Nandita Sahgal
    +44 (0) 20-7107 8000
    or
    Pelham Public Relations
    Chelsea Hayes/Klara Kaczmarek
    +44 (0) 20-7743-6675 /20-3159-4395