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

Rambler Metals & Mining Plc

March 26, 2008 03:00 ET

Rambler's Underground Footwall Program Drills 11.7 Metres of 2.25% Copper

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - March 26, 2008) - Rambler Metals and Mining plc (TSX VENTURE:RAB)(AIM:RMM) is pleased to announce drill intersections from its ongoing lower footwall delineation program.

- RMUG08-19 returned 4.05 meters of 2.97% copper

- RMUG08-20 returned 4.40 metres of 2.15% copper

- RMUG08-21 returned 6.00 metres of 2.46% copper

- RMUG08-24 returned 4.00 metres of 1.81% copper

- RMUG08-28 returned 3.10 metres of 1.81% copper

- RMUG08-30 returned 11.70 metres of 2.25% copper

Lower Footwall Stringer Zone (LFZ)

The underground footwall delineation program is progressing well and at the time of this release 7475 metres of the 20,000 metre program have been drilled. Drill Bays on the 740, 1020, 1130, 1200, 1400 and 1500 levels are completed with additional bays cut and ready for setup on the 1600, 1700, and 1800 levels. The program so far has returned encouraging results and there appears to be a higher grade section of 2% copper or better within the overall mineralized envelope. This higher grade section will allow the scoping study to evaluate the entire lower footwall zone under a range of commodity prices and potential mining scenarios. Further 3D geologic modeling of both the mineralized zone and the cross cutting mafic intrusives will aid this evaluation.

All of these new drill results as well as the 3D modeling will be incorporated into Rambler's first NI43-101 resource estimate to be published in April 2008. The qualified resource estimate will complement the ongoing scoping level report which is evaluating the economics of mining the lower footwall stringer zone, upper footwall stringer zone and massive sulphide horizons.



---------------------------------------------------------------
Hole From To Length Length Cu Au Drill
(m) (m) (m) (feet) (%) (g/T) Level
---------------------------------------------------------------
RMUG08-16 124.70 135.80 11.10 36.42 1.49 0.25 1020
RMUG08-16 189.80 192.80 3.00 9.84 1.60 0.13

RMUG08-17 104.20 115.00 10.80 35.43 1.24 0.10 1130
RMUG08-17 136.60 147.10 10.50 34.45 1.87 0.10

RMUG08-18a 177.80 182.80 5.00 16.40 2.10 0.06 1130

RMUG08-19 129.60 135.10 5.50 18.04 1.65 0.08 1130
RMUG08-19 141.40 159.50 18.10 59.38 1.27 0.05
RMUG08-19 170.60 174.65 4.05 13.29 2.97 0.23

RMUG08-20 139.90 143.30 3.40 11.15 2.07 0.11 1130
RMUG08-20 158.90 165.10 6.20 20.34 1.88 0.09
including 158.90 163.30 4.40 14.44 2.15 0.11

RMUG08-21 124.10 130.10 6.00 19.68 2.46 0.13 1130
RMUG08-21 186.70 191.00 4.30 14.11 1.95 0.08

RMUG08-22 108.50 114.50 6.00 19.68 1.60 0.12 1130

RMUG08-23 49.70 51.70 2.00 6.56 2.65 0.62 1130
RMUG08-23 118.10 136.00 17.90 58.73 1.30 0.06

RMUG08-24 143.60 147.60 4.00 13.12 1.81 0.08 1200
RMUG08-24 171.10 183.40 12.30 40.35 1.44 0.14

RMUG08-26 118.90 120.70 1.80 5.91 1.76 1.14 1200

RMUG08-28 151.50 154.60 3.10 10.17 1.81 0.17 1200

RMUG08-29 83.90 92.90 9.00 29.53 1.10 0.06 1400

RMUG08-30 81.10 84.10 3.00 9.84 2.43 0.18 1400
RMUG08-30 104.30 117.40 13.10 42.98 1.41 0.06
RMUG08-30 121.30 133.00 11.70 38.39 2.25 0.07


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 and Independent Consultant comments;

"The Rambler Metals and Mining exploration team are pleased with the results of the Underground footwall stringer delineation drilling program to date. The 2% copper section we are seeing in most holes is certainly encouraging and with further 3D modeling we are hoping to connect this zone over the entire plunge length of the footwall zone.

"A portion of the underground drilling program is targeting the previously reported gold zone; however with the current drill program size it is difficult to drill all targets expediently. To overcome this issue we are considering adding a second, smaller, underground drill. This new drill will have the capability of testing the gold zone as well as testing any high grade pillars left behind from previous mining activities."

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 footwall 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.
    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
    +44 (0) 20-7743-6675