Rambler Provides Resource and Technical Update, Reporting a 52% Increase in Copper Metal Content for Its Important Lower Footwall Zone and Update on the Dense Media Separation Project
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Rambler Metals & Mining PLC December 2, 2014 2:00 AM
LONDON, UNITED KINGDOM and BAIE VERTE, NL--(Marketwired - Dec 2, 2014) - Rambler Metals and Mining plc (TSX VENTURE: RAB) (AIM: RMM) ("Rambler" or "the Company"), a copper and gold producer, explorer, and developer today provides an updated NI43-101 resource estimate for the Ming Copper-Gold Mine as well as an update on the Dense Media Separation ('DMS') project as the Company works towards a pre-feasibility study associated with the Lower Footwall Zone ('LFZ').
HIGHLIGHTS OF THE MINERAL RESERVE AND RESOURCE STATEMENT:
The Mineral Reserve remains unchanged from the previous estimate published on 27 January 2014. That estimate included 56,719,272 pounds of copper, 101,404 ounces of gold and 459,788 ounces of silver in the Proven and Probable categories.
The audited and updated Mineral Resource is estimated to contain 962,970,430 pounds of copper, 257,702 ounces of gold and 1,790,949 ounces of silver in the Measured and Indicated categories. This represents a 38 per cent increase for in-situ copper metal content for the entire Ming Copper-Gold Mine, largely driven by the mine's LFZ that saw a 52 per cent increase in contained copper metal, coinciding with a 5 per cent increase in copper grade for that zone (See Table 7 under Appendix 2).The resource estimate was completed by an independent third party consultant, WSP Canada Inc. A summary of their work can be found in Table 1 and 2 below with additional details found under the appendices section.
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