Rambler Metals and Mining is Junior Mining Company that has 100% ownership of the Ming Copper-Gold Mine in Baie Verte, Newfoundland and Labrador, Canada. Rambler is well on the way to becoming a mid-tier mining company through production from Ming Mine, discovering new deposits and through M&A’s. Rambler listed on the London AIM in 2005 and Toronto TSX-V in 2007.
Rambler Metals and Mining plc currently trades on London's AIM market under symbol RMM and on the TSX:V under symbol RAB.
Rambler Metals and Mining (LON:RMM, CVE:RAB) expects to start production of copper concentrate from its flagship Ming mine in Canada in the second quarter of the calendar year.
In the meantime, it is generating revenue with continuing gold pours. The first dore bars were produced last month and to date, Rambler has completed three gold pours for a total of 2,446 ounces.
The next pour is scheduled for January 31 and every two weeks thereafter.
The gold ore comes from the 1806 zone of the mine.
Development of the 1807 zone, which contains the high-grade copper ore that the company will turn into concentrate, is making good progress, the company said.
Chief executive George Ogilvie said: "This 1807 zone has returned some very encouraging diamond drill intersections grading over 10 per cent copper and we are anxious to begin new exploration drilling to further extend the ore body both up and down plunge.
“Our Ming copper-gold mine is now a production reality and while our feasibility study has set a production benchmark we have the ability to continue to improve those economics through the better then predicted commodity prices we see today and through the addition of new tonnes with our exploration programs.”
The Ming mine is located on Newfoundland and Labrador's Baie Verte Peninsula.