RMM.L Regulatory News (RMM)

13 Jul 2006 07:00

Rambler Metals & Mining PLC13 July 2006 Rambler Metals & Mining plc 13th July 2006 NEW HIGH GRADE COPPER-GOLD ZONE IDENTIFIED AT THE RAMBLER PROJECT Highlights - RM-06-04f returns 19.7 feet of 14.40% copper plus 1.8 g/T gold- RM-06-04g returns 47.2 feet oft 4.71% copper; including 10.8 feet @ 14.00 % copper plus 1.0 g/T gold London - Rambler Metals and Mining plc is pleased to report continuingsignificant drill results from its ongoing Phase II drilling program at theRambler Copper-Gold Project in Newfoundland and Labrador, Canada. The currentdrilling program has been focusing on delineation of the Ming Footwall Zone(MFZ) at approximately 50 metre centres utilizing directional drillingtechniques. These latest results are from a previously unknown "upper" zonewithin the MFZ that is in close proximity to existing underground mininginfrastructure related to historic mining of the overlying Ming Massive Sulphide(MMS) deposit. Rambler Chairman Harry Dobson commented, "These results are very encouraging andespecially significant when recognized as a new zone of mineralization thatoccurs at a stratigraphically shallower level than other recently reportedhigh-grade intercepts from the MFZ. The two intercepts here are 37 metres (121feet) apart and approximately 70 metres (230 feet) beneath the historical MingMassive Sulphide deposit. We intend to test this new zone both along strike anddown plunge as part of our continuing delineation program of the MFZ". Two drill rigs continue to operate from surface on the property while thetechnical planning and permitting process for a dewatering and undergroundrehabilitation program that will facilitate additional underground drillingprograms also progresses. The results from these offset holes 4f and 4g are tabled below and a drill holelocation map of all results to date can be viewed at http://www.ramblermines.com. Drill From To Length Length Cu Au ZoneHole (meters) (meters) (meters) (feet) (%) (g/T) RM06-04f 974.00 980.00 6.00 19.70 14.38 1.8 MFZRM06-04g 966.10 980.50 14.40 47.24 4.71 0.4 MFZincluding 967.5 970.80 3.30 10.80 14.00 1.0 MFZRM06-04g 982.00 988.00 6.00 19.69 1.66 0.1 MFZ Leslie Little, Company Secretary Guy WilkesRambler Metals & Mining Plc Ocean EquitiesTel No: 020-7661-8062 T: 020 7786 4370 J.Geoffrey Thurlow, Ph.D., P.Geo., a Director of Altius Resources Inc., is theQualified Person responsible for technical content of this release. Drillintercepts quoted are core lengths; true widths are estimated to be 90% to 95%of the intersected core lengths. National Instrument 43-101 complianceinformation regarding sampling and analytical protocols pertaining to theRambler Project can be accessed via the following link: http://www.ramblermines.com Exploration on the Rambler property is being conducted by Altius Resources Inc.under a service agreement with Rambler Metals and Mining plc. All drill holeshave produced 47.6 millimetre diameter (1.875-inch) NQ diamond drill core. Thedrill core is descriptively logged on site, aligned, marked for sampling andthen split in half, longitudinally, using a diamond saw blade. One-half of thecore is preserved in core boxes for future reference. The samples comprising theother half of the core are bagged, sealed and delivered directly to theanalytical laboratory by Altius personnel. Base metal-bearing samples arenominally 1 metre to 1.8 metres (3.28 to 5.90 feet) in length except wherespecific geologic parameters require that a smaller interval be sampled.Samples with suspected precious metal content are nominally one metre or less,depending on the geological circumstances. The sawed samples are delivered directly to Eastern Analytical Ltd. inSpringdale, Newfoundland by Altius personnel where they are dried, crushed andpulped and assayed. Samples are crushed to approximately -10 mesh and splitusing a riffle splitter to approximately 300 grams. The sample split ispulverized using a ring mill to approximately 98% minus 150 mesh. In additionto regular samples, blank samples and quarter-split samples are also submittedfor crushing/pulping. The sample pulps are picked up directly at Eastern Analytical by Altiuspersonnel and returned to the project site at which point analytical standardsamples and duplicate samples from previous batches are inserted into the samplestream. All sample rejects are also retrieved from Eastern Analytical by Altiuspersonnel and securely stored by Altius. The sample pulps are shipped by courier to Activation Laboratories Ltd. inAncaster, Ontario for analysis. A typical analysis consists of three,industry-standard components: (1) an aqua regia digestion followed by a 34 element ICP analysis, (2) a gold assay consisting of a one assay ton fire assay with finish by atomic absorption, and (3) an assay of specific base metals by aqua regia digestion followed by atomic absorption spectroscopy for those elements which exceed the limits of ICP accuracy. 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 goodgrade copper mineralization and the MFZ became a priority for delineationdrilling. 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