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Rambler Metals and Mining Plc
Summary
| Project: | Ming Mine | |
|---|---|---|
| Deposit: | Ming Mine | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 3/5/2020 | |
| Report Code: | (no Code) | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-3-2020: Rambler Metals and Mining Plc announces a Resource Estimation report for its Ming Mine deposit at the Ming Mine project. Updated Mineral resources and reserves for the Ming Mine. London, England & Newfoundland and Labrador, Canada - Rambler Meta | |
| Resources: | (Reserves, Prov.): 3.1Mt @ 1.92% Cu, 0.43g/t Au, 2.86g/t Ag | |
| CP/QP: | [Resources]: Mark Ross (Not stated) | |
| 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 increases in copper, gold and silver contained in estimated Mineral Resources at the Ming Copper-Gold Mine, located in Eastern Canada. A depleted mineral reserve estimate is also being reported. This mineral reserve is not based on the newly updated mineral resource but rather a mining depletion from the previous estimate announced on 5 March 2018. The Ming North and Upper Footwall Zones have been the focus for exploration and represent the bulk of the additional resources for the updated statement. Both zones incorporated new high-grade drill intersections completed in Q4 2019. These additions improved the resource profile for the Ming Mine and are part of the near-term production profile for the operation. The Lower Footwall Zone model has been re-interpreted and re-modelled to more accurately reflect the ongoing results from mining the zone over the last 3 years. This re-modelling has resulted in improved copper grade continuity throughout the zone with a 10% improvement in contained copper over the previous estimate under the 1.5% copper cut-off. | |
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