RMM.L Regulatory News (RMM)

9 Oct 2006 16:33

Rambler Metals & Mining PLC09 October 2006 Rambler Metals & Mining plc 9th October 2006 RAMBLER APPOINTS VICE PRESIDENT OPERATION London - Rambler Metals and Mining plc is pleased to report the recruitment ofMr George Ogilvie to the position of Vice-President of Operations. Mr Ogilviehas over 17 years of Mine Management experience that includes all forms ofunderground mining and will play a key role in completing the Company's goal ofestablishing commercial mining operations at its Rambler copper-gold project innorth-central Newfoundland and Labrador. Commenting on the appointment Rambler Chairman Harry Dobson commented, "GeorgeOgilvie has worked his way up through all aspects of underground mining andbrings the experience and leadership required to advance the Rambler Projectback to production in the fastest and most effective manner possible. We arevery pleased to welcome him to the team and look forward to supporting him inevery way possible to achieve our goals." Mr Ogilvie completed a B.Sc., Mine Engineering at Strathclyde University,Glasgow Scotland in 1989. He began his career in South Africa where he reachedthe position of Section Manager at the Anglo American plc Vaal Reefs undergroundgold mine before moving to Canada in 1997. Remaining with Anglo American heheld successive positions as Mine Superintendent, Project Engineer and MineManager in Flin Flon, Manitoba. In 2003 he moved to Sudbury, Ontario withDynatec Corporation where he worked as Mine Manager for the McCreedy West mine.George is also a registered Professional Engineer. In addition to setting several production and financial records during hiscareer George has earned several awards for outstanding safety performance. George's responsibility with Rambler will involve management of the continuingresource delineation drilling program, implementation of the planned dewateringand underground rehabilitation program for the historic Ming Mine and integratedmine planning for the Ming Footwall Zone (MFZ), extensions to the Ming massivesulphide deposit and the newly discovered high-grade zone located between theMing Mine and the MFZ. For additional information please contact: Leslie Little, Company Secretary, Rambler Metals & Mining plc T: 020-7661-8104 Guy Wilkes, Ocean Equities T: 020-7786-4370 About the Company Rambler was established to invest in the base metal sector in politically stablejurisdictions. Its principal project is the Rambler copper-gold property,located on the Baie Verte Peninsula of Newfoundland and Labrador, Canada, whichis at the delineation drilling stage. Rambler acquired the property from AltiusMinerals Corporation in exchange for ordinary shares during 2005. The Rambler property contains the former producing Ming and Ming Westcopper-gold mines. The Ming Mine last operated in 1982 and the Ming West Minein 1996. Mining of the Ming Mine ceased when workings reached a neighbouringproperty boundary. Rambler Metals and Mines acquired the property after it hadbeen successfully consolidated. The Ming and Ming West Mines exploited relatively narrow zones of high-gradecopper and gold mineralization. Sections of this mineralization remain in thelower part of the Ming Mine and it is open to depth. In 2004, two holes were drilled to test the depth potential of the underlyingMing Footwall Zone (MFZ), which was partially outlined nearer to surface by theprevious mining operator. These drill holes both returned wide zones of coppermineralization with substantially better indicated grades than encountered inthe nearer to surface historic holes and the MFZ became a priority fordelineation drilling. The first phase of drilling was carried out from April through December 2005 andinvolved the completion of widely spaced holes from which offset holes could becompleted using directional drilling technology. The directional drillingprogram began in January of 2006 and holes are now being spaced at approximately50 metre centres in order to delineate the mineralized areas. A program of dewatering and rehabilitation of the Ming Mine undergroundinfrastructure is currently at the permitting stage. This work is beingundertaken with a view towards accelerating resource delineation and, hopefully,the resumption of mining operations on the property. Rambler Metals and Mining plc trades on London's AIM market under symbol RMM. This information is provided by RNS The company news service from the London Stock Exchange