Rambler Metals & Mining PLC Announces Progress Update on the Lower Footwall Zone

09.02.2015  |  Marketwired

BAIE VERTE, NEWFOUNDLAND--(Marketwired - Feb 9, 2015) - Rambler Metals & Mining PLC (TSX VENTURE: RAB) (LSE: RMM)

TSX-V: RAB; LSE: RMM

9 February 2015

Progress Update on the Lower Footwall Zone

London, England & Baie Verte, New foundland and Labrador, Canada - Rambler Metals and Mining plc (TSX-V: RAB; LSE: RMM) ("Rambler" or "the Company"), a copper and gold producer, explorer, and developer today provides an update on the Dense Media Separation ('DMS') project and the pre-feasibility study ('PFS') associated with the Lower Footwall Zone ('LFZ').

HIGHLIGHTS

PRE-FEASIBILITY STUDY

• On 2 December 2014 the Company announced a Mineral Resource for the Lower Footwall Zone to contain an estimated 839,593,090 pounds of copper, 87,667 ounces of gold and 1,071,176 ounces of silver in the Measured and Indicated categories. None of this mineralization is included in the current reserve estimate for the Ming Copper-Gold Mine. Tables 1 and 2 under Appendix 1 provide additional information on the existing mineral reserve and resource estimates
  
  
  
• The Company has engaged independent third party consultants to evaluate the mining potential of the Lower Footwall Zone resource. The initial plan, Phase 2, will evaluate a production rate up to 1250 metric tonnes per day under a staged, low capex, expansion programme
  
  
  
• The objective of the PFS will be to demonstrate the viability of a ten year life of mine, or more, utilizing the full capacity of the existing copper concentrate and all mineralized zones within the Ming Copper-Gold Mine
  
  
  
• The engineering and evaluation work is targeting a completion date of June 2015
  
  

Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/3549E_1-2015-2-8.pdf

For further information, please contact:

Website: www.ramblermines.com

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