19th Oct 2021 11:25
Rambler Metals & Mining PLC - Canada-focused copper and gold producer, explorer and developer - Notes drilling results at Ming mine in Newfoundland & Labrador, with multiple drill holes intersecting zones with over 2% copper. Highlights include 27.5 metres at 3.3% copper - including 8.0 metres at 3.7% copper and 17.5 metres at 3.4% copper - and 28.7 metres at 2.4% copper in target 2, and 48.6 metres at 6.3% copper in target 3. Another 6,000 metres of drilling in 15 holes is planned for the fourth quarter.
"With drilling on three of the four infill targets completed, the company has improved its confidence in near-term production plans. While we are still awaiting assays on some holes, our confidence has been bolstered by the assay results we have seen to date," says President & Chief Executive Toby Bradbury.
Current stock price: 23.28 pence; up 9.5% on Tuesday
Year-to-date change: down 34%
By Paul McGowan; [email protected]
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