Rambler's Drills 7.50 Metres of 3.62 % Copper in Lower Footwall Drill Program at the Ming Mine
Wed Jun 18, 7:00 AMLONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - June 18, 2008) - Rambler Metals and Mining plc (TSX VENTURE: RAB.V)(AIM: RMM) ('Rambler') is pleased to announce further positive drill results from its underground exploration program drilling the Lower Footwall Zone at the Ming Mine.
Drilling highlights: - Good progress on the underground drilling program at the Lower Footwall Zone which commenced in November 2007 - Additional drill rig acquired on 5th June 2008 to expedite the exploration program - Latest samples demonstrate copper grades as high as 3.74% - Average copper grades of over 2% copper or better with gold as a valuable by-product - Next drill results update is expected in calendar (Q3 2008) Highlights include the following assay results:------------------------------------------------------------ Drill Hole Sample Length Au Cu ------------------------------------------------------------ RMUG08-54 6.00 m 0.12 g/t 1.95% ------------------------------------------------------------ RMUG08-55 8.00 m 0.07 g/t 2.17% ------------------------------------------------------------ RMUG08-59 7.00 m 0.10 g/t 2.14% ------------------------------------------------------------ including 4.00 m 0.15 g/t 3.10% ------------------------------------------------------------ RMUG08-66 2.00 m 0.40 g/t 2.46% ------------------------------------------------------------ RMUG08-68 3.00 m 0.13 g/t 2.96% ------------------------------------------------------------ RMUG08-68 7.50 m 0.26 g/t 3.62% ------------------------------------------------------------ RMUG08-69 2.00 m 0.12 g/t 3.74% ------------------------------------------------------------ RMUG08-69 6.10 m 0.06 g/t 1.84% ------------------------------------------------------------ RMUG08-70 6.00 m 0.21 g/t 2.03% ------------------------------------------------------------ RMUG08-70 10.90 m 0.10 g/t 2.08% ------------------------------------------------------------ RMUG08-71 8.50 m 0.17 g/t 2.42% ------------------------------------------------------------ RMUG08-71 6.00 m 0.15 g/t 2.60% ------------------------------------------------------------ RMUG08-73 134.70 m 0.06 g/t 1.04% ------------------------------------------------------------ including 19.00 m 0.08 g/t 1.92% ------------------------------------------------------------ RMUG08-74 16.30 m 0.10 g/t 1.54% ------------------------------------------------------------ RMUG08-74 5.10 m 0.06 g/t 1.92% ------------------------------------------------------------Lower Footwall Zone The underground drill delineation program is progressing well and Rambler is pleased with the drill results to date. The continued success of this program will have a significant impact on both the size and grade of the footwall resource which will in turn strengthen the economics of this already extensive zone. Over the coming months Rambler plans to refine the 4,000 tpd mining rate envisaged in the recently completed scoping report through its pre-feasibility engineering study. Larry Pilgrim, Chief Geologist and independent consultant commented; "We are very pleased that Rambler now has two underground drill rigs on site especially at a time when the mining industry is facing increased demands for such equipment. These drills are now in place, testing both the footwall stringer zone and the strike extension of the Ming Massive sulphide horizon. Rambler is confident that the results of these drill programs will continue to build on the resource estimate outlined in the NI 43-101 Report released on June 16th 2008." A complete listing of all drill highlights for this release can be found in Appendix 1. For more information on all RMM drill intersections, corresponding maps, figures and NI43-101 compliance information please visit our website at www.ramblermines.com. About the Company Rambler Metals and Mining plc ("Rambler") was established to invest in the base metal sector in politically stable jurisdictions. Its principal project is the Rambler copper-gold property, located on the Baie Verte Peninsula of Newfoundland and Labrador, Canada. Rambler acquired the property from Altius Minerals Corporation in exchange for ordinary shares during 2005. The Rambler property contains the former producing Ming and Ming West copper-gold mines. The Ming Mine last operated in 1982 and the Ming West Mine in 1996. Mining of the Ming Mine ceased when workings reached a neighbouring property boundary. Rambler Metals and Mining acquired the property after it had been successfully consolidated. The Ming and Ming West Mines exploited relatively narrow zones of high-grade copper and gold mineralization. Sections of this mineralization remain in the lower part of the Ming Mine and it is open to depth. Rambler is dewatering the Ming Mine concurrently with an underground drill delineation program to improve the resource dataset and to prepare the mine for the next phase of pre-development. The Lower Footwall Zone is located approximately 100 metres below and generally parallel to the historic Ming Mine workings. Larry Pilgrim, P.Geo. is the Qualified Person responsible for the technical content of this release and has reviewed and approved it accordingly. Mr. Pilgrim is an independent consultant contracted by Rambler Metals and Mining plc. All tonnes are dry metric tonnes. Drill intercepts quoted are core lengths; true widths for the Lower Footwall Zone are estimated to be in excess of 60-90% of the intersected core lengths. Analytical results for Rambler core are first determined at Eastern Analytical, Springdale, NL. Samples are then shipped by courier to Activation Laboratories Ltd.("Actlabs'), Ancaster Ontario, where a 34 element ICP analysis and gold fire assay are performed. The results presented in this release are based on assay data from Eastern Analytical and Actlabs'. ActLabs' data, being the accredited lab for this project, will supersede all other results. National Instrument 43-101 compliance information regarding sampling and analytical protocols pertaining to the Rambler Project can be accessed via the following link: http://www.ramblermines.com.
Appendix 1
The table below summarizes the widths, grades and drill station of the
recent holes. All underground drill holes targeted the Lower Footwall Zone.
---------------------------------------------------------------------------
Target Drill Hole From To Length Length Au Cu
Level (m) (m) (m) (feet) (g/t) (%)
---------------------------------------------------------------------------
Lower
Footwall 1800 RMUG08-54 147.50 149.50 2.00 6.56 0.08 2.46
RMUG08-54 156.50 172.40 15.90 52.17 0.10 1.46
including 156.50 162.50 6.00 19.69 0.12 1.95
Lower
Footwall 1800 RMUG08-55 171.50 179.50 8.00 26.25 0.07 2.17
Lower
Footwall 1800 RMUG08-59 175.50 182.50 7.00 22.97 0.10 2.14
including 175.50 179.50 4.00 13.12 0.15 3.10
RMUG08-59 198.00 203.00 5.00 16.40 0.07 1.93
RMUG08-59 248.30 250.30 2.00 6.56 0.08 1.81
Lower
Footwall 1800 RMUG08-66 46.20 48.20 2.00 6.56 0.40 2.46
RMUG08-66 84.60 87.60 3.00 9.84 0.07 1.50
Lower
Footwall 1800 RMUG08-67 109.20 121.00 11.80 38.71 0.17 1.47
Lower
Footwall 1800 RMUG08-68 123.70 145.00 21.30 69.88 0.08 1.52
including 125.60 131.60 6.00 19.69 0.06 1.79
including 133.60 144.00 10.40 34.12 0.11 1.85
RMUG08-68 150.40 187.90 37.50 123.03 0.08 1.39
including 151.40 154.40 3.00 9.84 0.13 2.96
including 175.70 183.20 7.50 24.61 0.26 3.62
Lower
Footwall 1900 RMUG08-69 117.00 119.00 2.00 6.56 0.12 3.74
RMUG08-69 147.30 153.40 6.10 20.01 0.06 1.84
Lower
Footwall 1900 RMUG08-70 149.00 168.30 19.30 63.32 0.13 1.61
including 162.30 168.30 6.00 19.69 0.21 2.03
RMUG08-70 177.20 188.10 10.90 35.76 0.10 2.08
Lower
Footwall 1900 RMUG08-71 99.40 101.10 1.70 5.58 0.24 3.66
RMUG08-71 120.50 133.10 12.60 41.34 0.12 1.76
including 121.50 130.00 8.50 27.89 0.17 2.42
RMUG08-71 148.60 154.60 6.00 19.69 0.15 2.60
Lower
Footwall 1900 RMUG08-73 135.70 270.40 134.70 441.93 0.06 1.04
including 155.50 165.40 9.90 32.48 0.19 2.73
including 197.50 216.50 19.00 62.34 0.08 1.92
including 234.30 240.50 6.20 20.34 0.18 1.68
Lower
Footwall 1900 RMUG08-74 174.70 191.00 16.30 53.48 0.10 1.54
RMUG08-74 227.50 232.60 5.10 16.73 0.06 1.92
The TSX-Venture Exchange does not accept responsible for the adequacy or accuracy of this release.ContactsGeorge Ogilvie, P.Eng Rambler Metals and Mining Canada Limited
President and CEO
(709) 532-4990
Leslie Little
Rambler Metals & Mining Plc
Company Secretary
+44 (0) 20-7661-8104
Website: www.ramblermines.com
Nandita Sahgal
Seymour Pierce Limited
+44 (0) 20-7107 8000
Chelsea Hayes
Pelham Public Relations
+44 (0) 20-7743-6675
Klara Kaczmarek
Pelham Public Relations
+44 (0) 20-3159-4395
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