Rambler Ships More High Grade Copper Concentrate to International Markets
14 Janeiro 2014 - 6:32AM
Marketwired
Rambler Ships More High Grade Copper Concentrate to International
Markets
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND
LABRADOR--(Marketwired - Jan 14, 2014) - Rambler Metals and Mining
plc (TSX-VENTURE:RAB)(AIM:RMM) ('Rambler' or the 'Company') today
announces that, as planned, it has delivered approximately 6,608
wet metric tonnes ('wmt') of copper and gold concentrate from
Goodyear's Cove, NL Canada.
The Company's internal sampling estimates an average grade for
the shipment of 28.28 per cent copper, 7.36 grammes per tonne gold
and 51 grammes per tonne silver. This is the fifth shipment, as
part of an off-take agreement with Transamine Trading SA
(Transamine'), and brings the total delivered to approximately
32,300 wmt to date.
Following the shipment, the Company still has over 3,274 wmt of
concentrate in storage at its Goodyear's Cove Storage Facility.
George Ogilvie, President and CEO, commented:
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"This shipment keeps us on track with
our commitment to supply Transamine with 85,000 wmt of high grade
copper concentrate. |
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"Production at the mine continues at a
steady pace while copper recovery at the mill is averaging 95 per
cent plus, approximately two per cent above budgeted
forecasts. |
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"I am pleased with our continued
operational progress which is delivering enhanced value for our
shareholders." |
ABOUT RAMBLER METALS AND MINING
Rambler is a mining and development Company that in 2012 brought
its first mine into commercial production. The group has a 100 per
cent ownership in the Ming Copper-Gold Mine, a fully operational
base and precious metals processing facility and year round bulk
storage and shipping facility; all located on the Baie Verte
peninsula, Newfoundland and Labrador, Canada. The Company's Vision
is to be Atlantic Canada's leading mine operator and resource
developer through the expansion of the Ming Mine, discovering new
deposits and through mergers and acquisitions. Rambler listed on
the London AIM in 2005 and Toronto TSX-V in 2007.
Larry Pilgrim, P.Geo., is the Qualified Person responsible for
the technical content of this release and has reviewed and approved
it accordingly. Mr. Pilgrim is an independent consultant contracted
by Rambler Metals and Mining Canada Limited.
Tonnes referenced are dry metric tonnes unless otherwise
indicated.
Neither TSX Venture Exchange nor its Regulation Service Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Caution Regarding Forward Looking Statements:
Certain information included in this press release,
including information relating to future financial or operating
performance and other statements that express the expectations of
management or estimates of future performance constitute
"forward-looking statements". Such forward-looking statements
include, without limitation, statements regarding copper, gold and
silver forecasts, the financial strength of the Company, estimates
regarding timing of future development and production and
statements concerning possible expansion opportunities for the
Company. Where the Company expresses or implies an expectation or
belief as to future events or results, such expectation or belief
are based on assumptions made in good faith and believed to have a
reasonable basis. Such assumptions include, without limitation, the
price of and anticipated costs of recovery of, copper concentrate,
gold and silver, the presence of and continuity of such minerals at
modeled grades and values, the capacities of various machinery and
equipment, the availability of personnel, machinery and equipment
at estimated prices, mineral recovery rates, and others. However,
forward-looking statements are subject to risks, uncertainties and
other factors, which could cause actual results to differ
materially from future results expressed, projected or implied by
such forward-looking statements. Such risks include, but are not
limited to, interpretation and implications of drilling and
geophysical results; estimates regarding timing of future capital
expenditures and costs towards profitable commercial operations.
Other factors that could cause actual results, developments or
events to differ materially from those anticipated include, among
others, increases/decreases in production; volatility in metals
prices and demand; currency fluctuations; cash operating margins;
cash operating cost per pound sold; costs per ton of ore; variances
in ore grade or recovery rates from those assumed in mining plans;
reserves and/or resources; the ability to successfully integrate
acquired assets; operational risks inherent in mining or
development activities and legislative factors relating to prices,
taxes, royalties, land use, title and permits, importing and
exporting of minerals and environmental protection. Accordingly,
undue reliance should not be placed on forward-looking statements
and the forward-looking statements contained in this press release
are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements contained herein are made
as at the date hereof and the Company does not undertake any
obligation to update publicly or revise any such forward-looking
statements or any forward-looking statements contained in any other
documents whether as a result of new information, future events or
otherwise, except as required under applicable law.
George Ogilvie, P.Eng.President and CEORambler Metals and
MiningTel No: 709-800-1929Tel No: 709-800-1921Rambler Metals &
Mining PlcCorporate OfficeTel No: +44 (0) 20 8652-2700Fax No: +44
(0) 20 8652-2719Website: www.ramblermines.comStewart Dickson /
Jeremy StephensonCantor Fitzgerald EuropeTel No: +44 (0) 20 7894
7000Tim Blythe/Halimah HussainBlythe Weigh CommunicationsTel No:
+44 (0) 20 7138 3204Guy WilkesOcean Equities LimitedTel No: +44 (0)
20-7786-4370
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