RMM.L Regulatory News (RMM)

25 Apr 2006 10:40

Rambler Metals & Mining PLC25 April 2006 25th April 2006 Rambler Phase II Drilling Returns 122 feet of 2.14% Copper and 64 feet of 2.66% Copper Highlights - RM-06-04c returns 122 feet @ 2.14% copper and 64 feet @ 2.66% copper- RM-06-04b returns 49.2 feet @ 2.53% copper and 44.3 feet @ 2.49% copper- Permitting for underground dewatering and rehabilitation underway London - Rambler Metals and Mining plc is pleased to report that it hasintercepted the thickest and highest grade mineralization encountered to datefrom drilling of the Ming Footwall Zone (MFZ) at the Rambler project located onthe Baie Verte Peninsula of Newfoundland and Labrador, Canada. The results comeas part of the directional drilling program, which was announced on January24th. "These exceptional drill intersections are particularly important because theyare within 200-300 feet of the existing underground infrastructure. Thisincludes a decline and a shaft that we intend to commence dewatering andrehabilitating shortly," commented Rambler Chairman Harry Dobson. "While thefirst phase of drilling widely spaced holes from surface during 2005 was slowpaced by necessity, we are pleased to be targeting reserve and resourcedevelopment in Phase II." Holes 4a, 4b and 4c are each offset approximately 50 metres from previouslyreported Hole RM-04-04 (Hole 4). The respective locations relative to Hole 4and other completed drill holes can be viewed at http://www.ramblermines.com/.The new results from the offset holes are summarized as follows. Zones in eachhole are listed consecutively and the intervening intervals represent sectionsof later intrusive rocks that are unmineralized or sections of mineralizationgrading less than 1% copper. Drill From To Length Length Cu (meters) (meters) (meters) (feet) (%) Hole RM06-04a 1054.40 1065.04 10.64 34.9 1.42 RM06-04a 1069.27 1076.62 7.35 24.1 1.15 RM06-04a 1114.41 1143.82 27.96 91.7 1.10 RM06-04a 1148.68 1172.53 23.85 78.2 1.08 RM06-04b 1055.00 1062.50 7.50 24.6 1.99 RM06-04b 1070.00 1085.00 15.00 49.2 2.53 RM06-04b 1107.50 1121.00 13.50 44.3 2.49 RM06-04c 986.19 997.74 11.55 37.9 1.10 RM06-04c 1031.20 1052.48 21.28 69.8 1.19 RM06-04c 1061.50 1098.70 37.20 122.0 2.14 RM06-04c 1111.00 1130.63 19.63 64.4 2.66 Delineation drilling of the MFZ is continuing with the objective of completingoffset holes at approximately 50 metre spaced intervals. Hole 4d is currentlybeing drilled and a second drill rig is set up on previously reported HoleRM-04-03. Hole 3a was recently aborted when it entered an area of open mineworkings above the MFZ target depths. Hole 3b is currently in progress. Given the proximity to overlying underground workings it is anticipated thatsome of the holes required to delineate the area of mineralization at thisspacing will be best completed from underground drill stations. To facilitatethis work the company has begun the process of obtaining the necessary permitsrequired to dewater and rehabilitate the Ming Mine infrastructure and it hopesto begin this work during the summer. The results from two additional drill holes completed since the most recentreporting are located in areas more distant from the mine infrastructure. Thesetargeted Ming Massive Sulphide (MMS) mineralization, which is a parallel,overlying zone to the MFZ, in offset holes around previously reported holeRM-05-08. Both holes intersected copper and gold bearing massive sulphidemineralization. The results for these as well as complete interval data forholes 4a, 4b and 4c can be viewed at http://www.ramblermines.com/. Leslie Little, Company Secretary Guy WilkesRambler Metals & Mining Plc Ocean EquitiesTel No: 020-7661-8104 T: 020 7786 4370 J.Geoffrey Thurlow, Ph.D., P.Geo. is the Qualified Person responsible fortechnical content of this release. Drill intercepts quoted are core lengths;true widths are estimated to be 90% to 95% of the intersected core lengths.National Instrument 43-101 compliance information regarding sampling andanalytical protocols pertaining to the Rambler Project can be accessed via thefollowing 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. Samples are crushed to approximately -10 mesh and split using a rifflesplitter to approximately 300 grams. The sample split is pulverized using aring mill to approximately 98% minus 150 mesh. In addition to regular samples,blank samples and quarter-split samples are also submitted for 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 atomicabsorption, and (3) an assay of specific base metals by aqua regia digestion followed by atomicabsorption spectroscopy for those elements which exceed the limits of ICPaccuracy. Check assays for the Rambler project are being conducted by ALS Chemex, usingindustry-standard techniques posted on their website. The drill program andsampling protocol are being supervised by J.Geoffrey Thurlow, Ph.D., P.Geo., ofVMS Consultants Inc. and a Director of Altius; a Qualified Person as definedunder the Canadian Securities Administrators' National Instrument 43-101. 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