GOLD DEVELOPMENT: Rambler gets nod for crown pillar and Tilt Cove mine

NEWFOUNDLAND - Rambler Metals and Mining has received the final provincial approval for mining the Nugget Pond crown pillar at the former gold producer. The company plans to get production started from an open pit in May 2011.

The company also said that the Tilt Cove East mine project has been released from environmental assessment. Development is to begin in June 2011, with production beginning when the crown pillar is mined out. Rambler expects to receive final approval for the Tilt Cove East gold project over the next two months.

Rambler purchased the Nugget Pond mill from Crew Gold in 2009 for $3.5 million. More information is posted at www.RamblerMines.com.