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Gold/Mining/Energy : Sandstorm Gold
SAND 12.120.0%Oct 24 9:30 AM EST
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From: kidl3/14/2011 3:30:36 PM
   of 1133
 
Sandstorm Gold Announces Final Construction Approval for the Ming Mine has Been Received

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2011) - Sandstorm Gold Ltd. (TSX VENTURE:SSL) ("Sandstorm" or the "Company") is pleased to announce that Rambler Metals & Mining PLC ("Rambler") (AIM:RMM)(TSX VENTURE:RAB) has received final construction approval from the Government of Newfoundland and Labrador for its Ming Copper-Gold Mine. Sandstorm has remitted the final US$6 million to Rambler, which completes all of the staged payments under the previously announced US$20 million gold purchase agreement between Sandstorm and Rambler.


MING MINE - OPERATIONAL UPDATE



With final construction approval received from the regulators, Rambler is now prepared to move into full pre-development for its Ming Copper-Gold Mine. Early construction approval for both the new copper concentrator and office dry facility has allowed Rambler to prepare for the ramp up in work force required for pre-development. This, combined with the delivery of much of the underground equipment, is expected to allow for transition to a producing mine.


For more information on the Ming Mine and the ongoing exploration program, please visit the Rambler website at www.ramblermines.com.
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