SOURCE: Rambler Metals & Mining Plc

February 09, 2015 02:00 ET

Rambler Metals & Mining PLC Announces Progress Update on the Lower Footwall Zone

BAIE VERTE, NEWFOUNDLAND--(Marketwired - Feb 9, 2015) - Rambler Metals & Mining PLC (TSX VENTURE: RAB) (LSE: RMM)

TSX-V: RAB; LSE: RMM

9 February 2015

Progress Update on the Lower Footwall Zone

London, England & Baie Verte, New foundland and Labrador, Canada - Rambler Metals and Mining plc (TSX-V: RAB; LSE: RMM) ("Rambler" or "the Company"), a copper and gold producer, explorer, and developer today provides an update on the Dense Media Separation ('DMS') project and the pre-feasibility study ('PFS') associated with the Lower Footwall Zone ('LFZ').

HIGHLIGHTS

PRE-FEASIBILITY STUDY

  • On 2 December 2014 the Company announced a Mineral Resource for the Lower Footwall Zone to contain an estimated 839,593,090 pounds of copper, 87,667 ounces of gold and 1,071,176 ounces of silver in the Measured and Indicated categories. None of this mineralization is included in the current reserve estimate for the Ming Copper-Gold Mine. Tables 1 and 2 under Appendix 1 provide additional information on the existing mineral reserve and resource estimates


  • The Company has engaged independent third party consultants to evaluate the mining potential of the Lower Footwall Zone resource. The initial plan, Phase 2, will evaluate a production rate up to 1250 metric tonnes per day under a staged, low capex, expansion programme


  • The objective of the PFS will be to demonstrate the viability of a ten year life of mine, or more, utilizing the full capacity of the existing copper concentrate and all mineralized zones within the Ming Copper-Gold Mine


  • The engineering and evaluation work is targeting a completion date of June 2015

Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/3549E_1-2015-2-8.pdf

For further information, please contact:

Norman Williams, CA
President and CEO
Rambler Metals & Mining Plc
Tel No: 709-800-1929
Fax No: 709-800-1921
Peter Mercer
Vice President, Corporate Secretary
Rambler Metals & Mining Plc
Tel No: +44 (0) 20 8652-2700
Fax No: +44 (0) 20 8652-2719
   
Stewart Dickson / Jeremy Stephenson
Cantor Fitzgerald Europe
Tel No: +44 (0) 20 7894 7000
Tim Blythe/ Halimah Hussain
Blytheweigh
Tel No: +44 (0) 20 7138 3204

Website: www.ramblermines.com

This information is provided by RNS
The company news service from the London Stock Exchange

Contact Information

  • Norman Williams, CA
    President and CEO
    Rambler Metals & Mining Plc
    Tel No: 709-800-1929
    Fax No: 709-800-1921

    Peter Mercer
    Vice President, Corporate Secretary
    Rambler Metals & Mining Plc
    Tel No: +44 (0) 20 8652-2700
    Fax No: +44 (0) 20 8652-2719

    Stewart Dickson / Jeremy Stephenson
    Cantor Fitzgerald Europe
    Tel No: +44 (0) 20 7894 7000

    Tim Blythe/ Halimah Hussain
    Blytheweigh
    Tel No: +44 (0) 20 7138 3204