Rambler Metals & Mining Plc

Rambler Metals & Mining Plc

February 28, 2008 02:00 ET

Rambler's 1807 Zone Returns 4.0 Metres of 6.3% Copper New 200 Metre Step-Down Holes Planned

LONDON, ENGLAND, and BAIE VERTE, NEWFOUNDLAND and LABRADOR--(Marketwire - Feb. 28, 2008) - Rambler Metals and Mining plc (TSX VENTURE:RAB)(AIM:RMM) is pleased to announce new results from its surface diamond drilling exploration program.

- RM07-20k returns 8.76 m of 2.32% copper with 0.88 g/T gold

- RM08-20m returns 4.00 m of 6.33% copper with 2.10 g/T gold

- RM08-20na returns 2.02 m of 2.78% copper with 1.21 g/T gold

1807 Massive Sulphide Zone

The 1807 Massive Sulphide Zone is proving to be an important focus for Rambler's directional drilling program. These latest holes are the deepest intersections on the zone to date bringing its total plunge length to 500m. With its high grade mineralization and close proximity to the existing underground infrastructure the 1807 Zone will play a key role when the economics of this project are evaluated.

The success from this drill setup has confirmed that the high grade mineralization continues at depth and new targets have been planned to test the zone 200m down plunge from the current setup. Both of the surface drills on the property are now testing the 1807 Zone because of the positive impact these results will have on Rambler's NI43-101 resource estimate, due for publication calendar Q2, 2008. Assay results from these new holes are expected to be released in the coming weeks.

Hole From To Length Length Cu Au
(m) (m) (m) (feet) (%) (g/T)
RM07-20k 652.50 663.26 10.76 35.30 1.92 0.73
including 653.50 662.26 8.76 28.74 2.32 0.88

RM07-20l 655.20 657.35 2.15 7.05 1.07 0.21
including 656.20 656.35 0.15 0.49 14.10 0.83

RM08-20m 664.80 668.80 4.00 13.12 6.33 2.10

RM08-20na 658.00 662.00 4.00 13.12 1.47 0.64
including 659.00 661.02 2.02 6.63 2.78 1.21

Larry Pilgrim, P.Geo and Independent Consultant comments;

"The tight controlled drilling to date utilizing directional drilling technology and based on a drill pattern of 25 meters laterally and 50 meters downdip has increased the geological confidence in the geometry of the gold rich 1807 massive sulphide zone. This confidence along with positive results has enabled the Rambler team to plan larger 100 meter to 200 meter downdip step-outs to test the zone at depth. The first 100 meter step-out should be completed within a week."

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 intercepts quoted are core lengths; true widths for the 1807 zone 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
    Seymour Pierce Limited
    Nandita Sahgal
    +44 (0) 20-7107 8000
    Pelham Public Relations
    Chelsea Hayes
    +44 (0) 20-7743-6675