RMM.L Regulatory News (RMM)

8 Sep 2006 14:57

Rambler Metals & Mining PLC08 September 2006 Rambler Metals & Mining plc 8th September 2006 ONGOING DRILLING AT RAMBLER PROJECT EXTENDS MING FOOTWALL ZONE (MFZ) BY 225 METERS London - Rambler Metals and Mining plc is pleased to report continuingsignificant drill results from its Phase II drilling program at the RamblerCopper-Gold Project in Newfoundland and Labrador, Canada. Three holes have beencompleted since the last report and all have returned significant results. Hole RM-06-17, which was a significant step-out designed to test the MFZapproximately 225 metres up-plunge from the area of recent successful drillingresults within this zone, has returned a positive result. The hole intersected19.50 metres (64.0 feet) grading 2.28% copper followed by a separate 4.5 metres(14.8 feet) grading 2.14% copper 12 metres further down hole. Hole 17A, adirectional offset hole from hole 17, is currently in progress. The recently discovered high grade "Upper Ming Footwall Zone," which wasinitially encountered in holes 4f and 4g, has now also been intersected indirectional offset hole 4h. The hole intersected 5.40 metres (17.7 feet)grading 5.36% copper and 0.7 g/t gold. Hole 3e, a directional offset from hole 3 has returned 9.18 metres (30.1 feet)grading 2.66 % copper. A table summary of significant assay results received during the period isincluded below. Rambler Chairman Harry Dobson commented, "The up-plunge extension of the MFZ asindicated by Hole 17 has significant implications for the overall tonnagepotential of the zone and we wait with anticipation for the results fromadditional holes in this area. The new Upper MFZ has also been extended and wewill continue to trace this zone with a detailed offset hole pattern given theextremely high grades encountered." Drill From To Length Length Cu Au ZoneHole (meters) (meters) (meters) (feet) (%) (g/t) RM06-03e 934.65 943.83 9.18 30.1 2.66 0.1 MFZRM06-04h 967.10 972.50 5.40 17.7 5.36 0.7 UMFZincluding 968.60 970.60 2.00 6.6 11.55 1.58 UMFZRM06-17 752.90 772.40 19.50 64.0 2.28 0.1 MFZRM06-17 784.00 788.5 4.50 14.8 2.14 0.1 MFZ For additional information please contact: Leslie Little, Company Secretary Guy WilkesRambler Metals & Mining Plc Ocean EquitiesT: 020-7661-8104 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 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