Newfoundland and Labrador, Canada (FSCwire) - Rambler Metals and Mining plc (TSXV: RAB, AIM: RMM) ("Rambler" or "the Company"), a copper and gold producer, explorer, and developer today provides an update on its underground exploration program at its Ming Copper-Gold Mine in Eastern Canada.

 

EXPLORATION UPDATE

 

• 11,232 meters of delineation and exploration drilling has been completed from January 1 to August 31, 2018, at an average all-in direct drilling cost of CDN$75 per meter;

 

• Exploration drilling in the Ming North Zone (see Figure 1) has discovered significant mineralization down plunge of the historical mining limits higher in the mine.  The current Mineral Resource and Reserve includes material down to the 705 level. The holes announced in this press release extend the high grade massive sulphide zone an additional 300 meters down plunge.  This new mineralization is defined over a strike length of approximately 70 meters; 

 

• A total of 2,027 meters of new drilling with composited down-hole widths include assay highlights of:

 

￮  R18-722-01 - 19.0 meters of 4.1% copper with 2.8 g/t gold

￮  R18-722-02 - 7.3 meters of 2.8% copper with 0.73 g/t gold

￮  R18-722-12 - 25.5 meters of 9.4% copper with 5.1 g/t gold

￮  R18-722-15 - 17.0 meters of 3.1% copper with 2.3 g/t gold

 

• Lower footwall zone ('LFZ') diamond drilling has been mostly focused on ore stope delineation to allow for the timely completion of final design of well-controlled stopes ahead of planned production.

 

Please click on, or paste the following link into your web browser to view the full announcement;

http://www.rns-pdf.londonstockexchange.com/rns/4330C_1-2018-9-30.pdf

 

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To view the original release, please click here

Source: Rambler Metals and Mining plc (TSX Venture:RAB, AIM:RMM, OTC Pink:RBMTF, FWB:51R)

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