SOURCE: Rambler Metals & Mining Plc

January 27, 2014 02:11 ET

Rambler Metals & Mining PLC: Update of Reserve and Resource Estimate

SAINT JOHNS, NL--(Marketwired - Jan 27, 2014) -

TSX-V: RAB; LSE: RMM

27 January 2014

         Rambler Updates the Reserve and Resource Estimates

                   At its Ming Copper-Gold Mine



London, England & Baie Verte, Newfoundland and Labrador - Rambler
Metals and Mining plc, a Newfoundland copper and gold producer,
explorer and developer (TSX-V: RAB; LSE: RMM) ("Rambler" or "the
Company") today provides an update on its NI43-101 Reserve and Resource
estimates at the Ming Copper-Gold Mine, located in Newfoundland,
Canada.

The reserve itself shows the replacement of all tonnes mined from the
1807 Zone to date, extending the mine life by one year. All zones
remain open to further exploration.

A summary of the Ming mine's reserve and resource estimates can be
found in Table 1 and 2 below, with additional details found under
Appendix 1.

HIGHLIGHTS on the Mineral Reserve and Resource Statement:

- The updated Mineral Reserve (contained metal) is estimated to contain
  56,719,272 pounds of copper, 101,404 ounces of gold and 459,788
  ounces of silver in the Proven and Probable categories.

- The updated Mineral Resource (contained metal) is estimated to
  contain 697,656,693 pounds of copper, 221,873 ounces of gold and
  1,511,643 ounces of silver in the Measured and Indicated
  categories.



RESERVE

- Mining of the 1807 zone has seen an average of a 39 per cent
  increase in total tonnes mined from stope ore blocks, when compared
  to the planned reserve published on August 26, 2010.

- The mining of comparable stopes and drifts, when compared to the
  August 26, 2010 reserve statement, shows an average of a 58 per cent
  increase in copper grade(3.11 per cent copper planned to 4.91 per
  cent copper actual), a 32 per cent increase in gold grade (1.10 grams
  per tonne gold planned to 1.45 grams per tonne gold actual) and a
  118 per cent increase in silver grade (5.19 grams per tonne silver
  planned to 11.30 grams per tonne silver actual).

Click on, or paste the following link into your web browser, to view
the associated PDF document:

 http://www.rns-pdf.londonstockexchange.com/rns/5466Y_2-2014-1-27.pdf 




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

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