+ 500,000,000 lbs contained Copper

Rambler Copper - Gold property, located on the Baie Verte Peninsula of Newfoundland.

Rambler Metals and Mining Profile

Rambler Metals and Mining plc, Baie Verte NL, TSX.V : RAM; AIM : RMM; was established to invest in the base metal sector in politically stable jurisdictions.

Its principal project is the Rambler copper-gold property, located on the Baie Verte Peninsula of Newfoundland and Labrador, Canada.

The area has a history and culture of gold, base metals and industrial minerals mining. The major centre for the region is the town of Baie Verte, which offers several mining and exploration service providers, deep water loading, hotels, schools, shopping, medical facilities and recreational facilities.

  • + 500,000,000 lbs contained Copper
  • Road System
  • Power Distribution System
  • Brownfield Site
  • Crown and Municipal Land
  • Experienced Labour Force
  • Local Community Support
  • Provincial Gov’t Support
  • Year Round Wharf / Port
  • Total Mine Cash Cost $60.15 / Tonne
  • Life of Mine in excess of 10 years

The Ming and Ming West Mines exploited relatively narrow zones of high-grade copper and gold mineralization. Sections of this mineralization remain in the lower part of the Ming Mine and it is open to depth.

Gold Zone

  • Within 50m to the already developed ramp and easily accessible with virtually no development costs.
  • Use of 3D modeling techniques to determine the orientation and extent of the mineralization.
  • 8.7 m of 30.9 g/ T Au, 2.14%
  • 13.5 m of 3.7 g/T Au 0.58% Cu
  • 5.2 m of 6.7 g/T Au, 2.96% Cu
  • 2.6 m of 5.9 g/T Au, 2.30% Cu

Lower Footwall Stringer Zone (LFZ)

  • Scoping study confirmed a low-cost, bulk underground profitable mining operation is viable.
  • Continued underground delineation drilling with consistent good grades.
  • 37.2 m of 2.14% Cu
  • 19.5 m of 2.66% Cu
  • 26.8 m of 2.00% Cu
  • 7.5 m of 3.62% Cu
  • 17.4 m of 3.18% Cu

Upper Footwall Stringer Zone (UFZ)

  • High grade chalcopyrite stringer zone approximately 50 meters from the existing underground development.
  • Five holes have intersected the zone so far over a 400 meter plunge length and is open at depth.
  • 6.0 m of 14.6% Cu, 1.6 g/T Auf /
  • 14.4 m of 5.16% Cu, 0.5 g/T Au
  • 9.9 m of 3.51% Cu, 0.4 g/T Au

1807 Massive Sulphide Zone

  • Now extends over a plunge length of 500 meters and is open both up-dip and down-dip.
  • Drift development underway targeting the top of this zone.
  • 2.6 m of 17.65% Cu, 3.5 g/T Au
  • 2.6 m of 12.05% Cu, 5.9 g/T Au
  • 2.0 m of 13.62% Cu, 2.2 g/T Au
  • 3.4 m of 16.50% Cu, 3.3 g/T Au
  • 6.4 m of 10.82% Cu, 3.3 g/T Au


  • Gold exploration proving Positive
  • Titian 24 IP & MT survey recently completed over entire property.
  • Experimental underground geophysics surveys.
  • New surface drilling program to be planned based on this new information

Next Steps

  1. Start Pre-Development / Exploration Platforms 07-2008
  2. Conduct a TITAN24 IP & MT Geophysics over Entire Property 08-2008
  3. Begin and Finalize Mine Plan including Business Plan 06-2008
  4. Continue Delineation and Exploration Drilling Ongoing
  5. Environmental Registration 4Q 2008
  6. Issue a NI43-101 Resource Update 1Q 2009
  7. Project Financing (based upon outcome of 3 & 6) 2Q 2009
  8. Construction (based upon outcome of 5 & 7) Q2 2009
  9. Production Q2 2010

Recent Events

  • Rambler Metals and Mining acquired the property after it had been successfully consolidated in 2001.
  • Surface drilling focused on extending the historically mined areas beyond the old property boundary.
  • Underground diamond drill rigs arrived on site in November 2007 to further delineate areas that could not be accessed from surface.
  • In June 2008 the company completed a scoping study conducted by SRK Consulting and published its first NI43-101 resource for the property. It confirmed the Ming Mine can sustain a 4,000 mtpd production rate with a life of mine in excess of 10 years.
  • In July 2008 the Ming Mine was fully dewatered while pre-production development to the 1807 Zone was started.
  • In August 2008 the company hired a General Manager for the site which completes the operations management team necessary to bring the Mine into production.
  • Exploration on the property is ongoing through delineation diamond drilling and geophysical surveys with continued excellent results being produced.

Rambler has also recently finished dewatering the old mine where ground conditions remained excellent, with minimal rehabilitation, throughout the entire dewatering program.

Pre-production development is currently ongoing while work continues on the detailed engineering and business plan with an expected completion date of 1Q 2009.

In conjunction an updated resource estimate is also expected to be released in 1Q 2009.

The current published NI43-101 Resource Estimate is estimated:

  • Measured: 484,000 tonnes of ore @ 2.98% Cu, 2.28 g/t Au, 9.6 g/t Ag
  • Indicated: 9,576,000 tonnes of ore @ 1.78% Cu, 0.2 g/t Au, 1.75 g/t Ag
  • Inferred: 3,077,000 tonnes of ore @ 1.57% Cu, 0.58 g/t Au, 4.29 g/t Ag
  • Total: 13,137,000 tonnes of ore @ 1.77% Cu, 0.37 g/t Au, 2.64 g/t Ag

The ore body remains open at depth and on all sides. An update of the NI43-101 is scheduled for January 31, 2009.

The Ming ore bodies are members of a special class of gold rich Volcanogenic Massive Sulphide (VMS) deposits. Three mineralization types are commonly recognized at Rambler; stratiform VMS; disseminated stringers of sulphides in the footwall zone (MFZ); and epigenetic shear‐hosted mineralization overprinting VMS and MFZ mineralization.

Principal Investors:

Altius Minerals 20%
Zila Corporation 13%


Last changed at 19-Feb-2009 05:28PM by Highgrader