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

Rambler Metals & Mining Plc

July 09, 2008 07:00 ET

Rambler's Ming Mine Dewatered and Project Update

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - July 9, 2008) - Rambler Metals and Mining plc (TSX VENTURE:RAB)(AIM:RMM) ('Rambler') is pleased to provide an update on operations and ongoing activities at the Ming Mine.

Project Highlights:

- Ming Mine dewatered.

- Development equipment arrives and access development begins to the 1807 zone.

- Detailed metallurgical work begins.

- Hiring of key personnel.

- Internal plans focusing on a start up small tonnage mine nearer the historical production rates (650 tpd) mining high grade ore.

- Titan 24 deep geophysics program to begin 14th July.

- Fish habitat work initiated.

George Ogilvie, President and CEO, commented,

"The completion of the mine dewatering is another key milestone towards Rambler's goal of bringing the former Ming Mine back into production. The development out to the 1807 Zone will provide Rambler with access to ore grading better than 4% Cu and 2 g/t Au before the end of the year. Importantly these access drifts will also act as exploration platforms to further test the extent of the 1807 zone mineralization which is open both up-plunge and down plunge. I'm also pleased to announce that Rambler has been able to attract well qualified and experienced individuals to the project particularly in light of today's difficult labour market. We now have the basis of a management team that can carry the project through to production."

Rambler Declares the Ming Mine Dewatered

After 12 months of operations and 245 million gallons of water pumped and treated, Rambler has finished dewatering the old Ming Mine. Despite most of the mine being submerged since the early 1980s ground conditions along the main ramp were excellent and required minimal rehabilitation. At the time of this release water levels sit near the 2600 level, this was the last mined level, and is in close proximity to the old property boundary.

Development equipment arrives at site and access development begins to the 1807 zone

Following recommendations made by SRK Consulting (Canada) during the Scoping Study, Rambler has planned an exploration development drift specifically targeting the high grade massive sulphide of the 1807 zone. This new development will allow drill rigs access to underexplored areas of the old mine while preparing the ore zone for production. It will also give Rambler an opportunity to explore the potential up-plunge extension of the 1806 and 1805 zones where wire gold had been reported during the closing phase of the mine in 1982. To carry out this work Rambler has purchased a jumbo underground drill rig and a second haulage truck. Development to the 1807 zone will take approximately two months.

Detailed metallurgical work begins

Metallurgy work for the Scoping Study was limited to small samples from drill core. Now that the mine is dewatered and access to old stopes and remnant pillars is possible, a bulk sample has been collected to confirm the processing flow sheet of the past and to optimize flotation for the higher grade 1807 zone. A high grade sample has been shipped to the testing lab in New Brunswick, Canada, with the final report expected to be delivered before the end of 2008.

Hiring of key personnel

Rambler is pleased to announce the addition of key personnel to the operations team. Over the past two months a Human Resources Administrator, Financial Controller and Senior Mine Planner have all been hired forming the basis of the operations management team.

Internal plans focusing on lower tonnage mining high grade ore

The NI43-101 resource statement published in April of this year outlined a substantial resource for the footwall supporting a 4000 tonnes per day operation with a mine life in excess of ten years. However to achieve this production rate a significant amount of time and capital would need to be invested upfront before any mining could take place. To accelerate Rambler's goal of putting the mine back into production internal plans have been focused on smaller scale mining of the 1807 Zone and high grade massive sulphides nearer to the historical production rates of 650 tonnes per day. Rambler believes this approach will not only allow for a quicker start up but also minimize the amount of capital required to bring the mine into production. Over the coming months the newly hired mine planner will bring this plan into reality.

Exploration

Two underground drill rigs are now operating on the property. The new smaller air drill is testing strike and plunge extensions of the Ming Massive Sulphide as well as new gold mineralization. The addition of any high grade massive sulphide fits well into Rambler's plans for a smaller high grade tonnage start up.

The second, larger drill continues delineation drilling of the Lower Footwall Zone and is focused on moving the inferred resource to the indicated category or better before the resource update at the end of this calendar year. To support the two drills, a new junior geologist has been added to the exploration team.

Line cutting for the Titian 24 deep geophysics program is now complete and the official survey is expected to begin in mid July. The purpose of this program is to explore for new sulphide mineralization across strike, near surface and at depth. The results from this work will be announced later this year.

Rambler is also pleased to announce that it has entered into a memorandum of understanding with the Geological Survey of Canada (GSC). This agreement will allow for a free exchange of data and ideas with the hopes of identifying new mineralization.

Environment and Reclamation

In preparation for the Environmental permitting process Rambler has contracted AMEC to conduct a Fish Habitat study in the waters surrounding the Ming Mine. The field work for this program is nearly complete and the final report is expected in September 2008. This work will help define the location and extent of the tailings facility.

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.

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 MiningCanada 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: http://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