NEWFOUNDLAND – Rambler Metals and Mining of Surrey, UK, is officially declaring commercial production on Nov. 1, 2012, at its Ming copper-gold mine on the Baie Verte Peninsula. The operation reached production at 85% of designed milling capacity for 60 continuous days during October.
The first shipment of between 9,000 and 10,000 tonnes of concentrate is expected in the next 30 to 45 days. Since beginning copper production in May 2012, 7,300 metric tonnes of concentrate have been produced averaging 27% Cu, 6 g/t Au and 49 g/t Ag. Rambler has an off take agreement with Transamine Trading SA at average provisional pricing of US$3.52/lb of copper, US$1,669/oz of gold and US$30.47/oz of silver
According to Rambler, milling recoveries have been steady, averaging 90% for copper and 65% for gold. The company intends to begin reprocessing flotation tails through the CIP circuit in an attempt to boost gold recovery to 85%. Over the last two weeks, mill heads have averaged 4.5% Cu and 1.7 g/t Au.
More information, including a history of the Ming property, is available at RamblerMines.com.