Rambler Ships More High Grade Copper Concentrate to International Markets
LONDON, UNITED KINGDOM and BAIE VERTE, NL--(Marketwired - Apr 23, 2014) - Rambler Metals and Mining plc (TSX-V: RAB; LSE: RMM) ('Rambler' or the 'Company') today announces that it has delivered approximately 8,925 wet metric tonnes ('wmt'), the largest shipment to date, of copper and gold concentrate from Goodyear's Cove, NL Canada.
The Company's internal sampling estimates an average grade for the shipment of 28.5 per cent copper, 7 grammes per tonne gold and 55 grammes per tonne silver. This is the sixth shipment completed to date bringing the total delivered to approximately 41,500 wmt.
Following the shipment, the Company still has over 1,800 wmt of concentrate in storage at its Goodyear's Cove Facility.
Norman Williams, President and CEO, commented:
"Following the previous delivery, announced on 14 January 2014, this shipment represents the majority of production from the operation over the unusually harsh winter season. While the weather itself was challenging, the concentrate production remained constant in turn keeping the Company above budgeted guidance for the fiscal year."
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.
For further information, please contact:
Norman Williams, CA President and CEO Rambler Metals & Mining Plc Tel No: 709-800-1929 Fax No: 709-800-1921 |
Peter Mercer Corporate Secretary Rambler Metals & Mining Plc Tel No: +44 (0) 20 8652-2700 Fax No: +44 (0) 20 8652-2719 |
Stewart Dickson / Jeremy Stephenson |