1st Oct 2018 11:08
LONDON (Alliance News) - Rambler Metals & Mining PLC said Monday its latest underground diamond drilling at its Ming copper-gold mine in eastern Canada returned some of the "thickest" mineralisation and "highest grades" encountered at the project.
Rambler said the exploration drilling in the Ming North Zone has discovered "significant" mineralization.
The drilling included assay results of 19.0 metres of 4.1% copper with 2.8 grammes of gold per tonne of ore; 25.5 metres of 9.4% copper with 5.1 g/t gold and 17.0 metres of 3.1% copper with 2.3 g/t gold.
Rambler said the 11,232 metres of delineation and exploration drilling was completed from January to August at an average all-in direct drilling cost of CAD75 per meter, about GBP45.
President & Chief Executive Norman Williams said: "The latest underground diamond drilling in the Ming North Zone has returned some of the thickest massive sulfide mineralization and highest copper and gold grades encountered on the property to date.
"With the top of this mineralization only 65 meters from existing development, this area provides a tremendous opportunity for the company to bring a significant amount of higher grade material into the mine plan and mill feed in 2019. The potential exists to extend the Ming North body even deeper with continued drilling."
"We look forward to providing further updates on the Ming Mine exploration program, along with a global mineral resource and reserve update, early in 2019," he added.
Shares in Rambler Metals were down 0.8% Monday at 3.12 pence each.
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