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Rambler Metals and Mining Plc
Summary
| Project: | Ming Mine | |
|---|---|---|
| Deposit: | Ming Mine | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 11/4/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-11-2019: Rambler Metals and Mining Plc announces an Exploration/Drilling Update report for its Ming Mine deposit at the Ming Mine project. Drilling results incl. 20.70m @ 4.42% Cu, 2.13g/t Au, 13.82g/t Ag from 243.30m. London, England - Newfoundland and | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Tim Sanford (Internal) | |
| ABSTRACT: | London, England - Newfoundland and Labrador, Canada – Rambler Metals and Mining plc (AIM: RMM) (”Rambler” or the “Company”), a copper and gold producer, explorer, and developer is pleased to announce new high grade intercepts in recent drilling at its Ming Copper-Gold Mine in Eastern Canada. The Ming Mine first came into production in 1972 and over a 10-year period it extracted approximately 2.1 million short tons at 3.5% copper with 0.07 oz/t of gold. The main massive sulfide orebody exploited during the historic mining era was the Ming North Zone. At that time, it was believed that the zone narrowed downward to uneconomical mining widths just prior to the mine’s closure in 1982. Updated 3D modeling techniques and a better understanding of the geology of the mineralization have proven instead that the historic massive sulfide bodies continue at depth. Recent diamond drilling tested the Ming North Zone below the 745 level and has proven the continuation of high-grade copper mineralization to at least the 820 level. This zone remains unbounded and open at depth. Since first discovering the continuation of the MNZ down-plunge in August, 2018, the operation has developed and mined its first stope on the 725 level and is now preparing the next stope on the 710 level for production within the coming weeks. In addition, this mineralization has also been traced up-plunge, with stopes defined up to the 620 level just below the historic pre-1982 workings. | |
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