(Alliance News) - Rambler Metals & Mining PLC said it has intersected new high-grade copper mineralisation during a diamond drilling at its 100%-owned Ming Copper-Gold Mine in Canada.
Shares in Rambler were up 11% at 33.80 pence on Monday afternoon in London.
The Surrey, England-based copper and gold producer explained that it had set up a diamond drill at the mine to further define the mineralisation around the 535 level production area.
Chief Executive Toby Bradbury said: "While announcing the second newly discovered mineralized zone already this year, I am pleased to advise that, on ore production, we are now busy with production drilling in the Lower Footwall Zone on the 735-760L, with first production from there on schedule for February 2022.
"Production drilling will shortly commence in the high-grade Upper Footwall Zone between 770-790L with initial production scheduled for March. Cut and fill stoping has progressed in the high-grade Ming North Zone on 785L and will continue through to the end of March before backfilling will be required. We have maintained production from the 510L LFZ stoping horizon, even as we continue to build on the diamond drilling results announced on January 13."
By Heather Rydings; heatherrydings@alliancenews.com
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