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GOLD-COPPER-ZINC EXPLORATION: Underground drilling at Ming mine yields promise

NEWFOUNDLAND — Rambler Metals and Mining, with corporate offices in London, U.K. and an operations office in ...


NEWFOUNDLAND — Rambler Metals and Mining, with corporate offices in London, U.K. and an operations office in Baie Verte, is pleased with results from the underground diamond drilling and in-fill drilling program at its Ming project on the Baie Verte Peninsula. The property contains the former-producing Ming (1982) and Ming West (1995-96) copper-gold mines.

 

The latest in-fill results from the underground program have confirmed the plunge extension of the copper-gold-zinc mineralization over multiple levels. The zone’s plunge length has now been defined over 250 metres while the strike length is estimated to be at least 20 metres. Three-dimensional modeling of all drill holes has allowed Rambler’s geologists to interpret the true thickness of the 1806 zone to be approximately 10 metres.

 

Drill bays are also ready on the 1400 level and the 1050 level where the diamond drill is set up to further delineate the zone so that this information can be included in the NI43-101 resource update due to be released in calendar Q1 2009.

 

The next target is the 1807 zone on the 2200 level. Plans have been made to begin development on an access drift to that zone. Rambler plans to use the drift for exploration then as a production platform when the property is back in operation.

 

The longest recent diamond drill hole intersection was 53.0 metres grading 1.35 g/t Au, 0.13% Cu and 0.29% Zn. The best, although atypical, grades were 20.31 g/t Au, 4.21% Cu and 4.31% Zn over 9.5 metres

 

Read the October 2008 corporate presentation at www.RamblerMines.com.


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