Rambler Metals & Mining PLC: Update of Reserve and Resource Estimate
27 Janeiro 2014 - 5:11AM
Marketwired
Rambler Metals & Mining PLC: Update of Reserve and Resource
Estimate
SAINT JOHNS, NL--(Marketwired - Jan 27, 2014) -
TSX-V: RAB; LSE: RMM
27 January 2014
Rambler Updates the Reserve and Resource Estimates
At its Ming Copper-Gold Mine
London, England & Baie Verte, Newfoundland and Labrador - Rambler
Metals and Mining plc, a Newfoundland copper and gold producer,
explorer and developer (TSX-V: RAB; LSE: RMM) ("Rambler" or "the
Company") today provides an update on its NI43-101 Reserve and Resource
estimates at the Ming Copper-Gold Mine, located in Newfoundland,
Canada.
The reserve itself shows the replacement of all tonnes mined from the
1807 Zone to date, extending the mine life by one year. All zones
remain open to further exploration.
A summary of the Ming mine's reserve and resource estimates can be
found in Table 1 and 2 below, with additional details found under
Appendix 1.
HIGHLIGHTS on the Mineral Reserve and Resource Statement:
- The updated Mineral Reserve (contained metal) is estimated to contain
56,719,272 pounds of copper, 101,404 ounces of gold and 459,788
ounces of silver in the Proven and Probable categories.
- The updated Mineral Resource (contained metal) is estimated to
contain 697,656,693 pounds of copper, 221,873 ounces of gold and
1,511,643 ounces of silver in the Measured and Indicated
categories.
RESERVE
- Mining of the 1807 zone has seen an average of a 39 per cent
increase in total tonnes mined from stope ore blocks, when compared
to the planned reserve published on August 26, 2010.
- The mining of comparable stopes and drifts, when compared to the
August 26, 2010 reserve statement, shows an average of a 58 per cent
increase in copper grade(3.11 per cent copper planned to 4.91 per
cent copper actual), a 32 per cent increase in gold grade (1.10 grams
per tonne gold planned to 1.45 grams per tonne gold actual) and a
118 per cent increase in silver grade (5.19 grams per tonne silver
planned to 11.30 grams per tonne silver actual).
Click on, or paste the following link into your web browser, to view
the associated PDF document:
http://www.rns-pdf.londonstockexchange.com/rns/5466Y_2-2014-1-27.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
END
Contacts: RNS Customer Services 0044-207797-4400 Email Contact
http://www.rns.com
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