NEWFOUNDLAND - Rambler Metals and Mining of Baie Verte, NL, has three gold projects on the go on the Baie Verte Peninsula. All are advancing as planned.
Development at the Ming mine is on schedule for production in t he H2 2011. Ore from multiple headings is being stockpiled, and the construction of the concentrate storage facility at Goodyear's Cove will be complete before production begins from the Nugget Pond mill. The workforce at the mine is now 108 people, it is expected to grow.
Rambler has finished mining and milling the Nugget Pond crown pillar. A total of 1,053 oz of gold were recovered at a total cash cost of $401/oz, or a net profit of C$1.1 million from the operation.
Milling of the Tilt Cove stockpile will continue at the Nugget pond mill this summer until the new concentrator is ready for commissioning. Tilt Cove ore has an average grade of 2.64 g/t Au and an estimated gold recovery of 92%.
Rambler has posted a number of current, professional photo galleries at its website, www.RamblerMines.com.