London, England: 33 St. James Square SW1Y 4JS T.020 7661 8062 F.020 7661 9400
www.ramblermines.com AIM:RMM; TSXV:RAB
14th May, 2008 Rambler Reports Latest Drill Results at the Ming Mine
Drills 5.10 metres of 3.68 g/T Gold and 15.77% CopperLondon, England & Baie Verte, Newfoundland and Labrador - Rambler Metals and Mining plc (TSXV:
RAB, AIM: RMM) is pleased
to announce further positive drill results from its underground diamond drilling exploration
program at the Ming Mine.
Highlights include the following assay results: Drill Hole Sample Length Au
Cu
RMUG08-46 2.20 m 0.41 g/t
2.75 %
RMUG08-56 13.90 m 0.82 g/t
2.42 %
including 1.70 m 6.53 g/t
18.35 %
RMUG08-57 2.20 m 1.05 g/t
5.12 %
RMUG08-60 17.20 m 1.20 g/t
5.70 %
including 5.10 m 3.68 g/t
15.77 %
RMUG08-61 3.95 m 1.47 g/t
5.25 %
RMUG08-62 2.95 m 2.45 g/t
5.28 % Ming Massive Sulphide Horizon (South Zone) During the historical production period of the Ming Mine, ore was extracted primarily from
the Ming Massive Sulphide
Horizon. Due to lower metal prices at the time, much of the ore on the periphery of the
deposit was deemed uneconomical
to extract. In view of the present favourable market prices for copper and gold, Rambler
has designed part of its
ongoing underground diamond drill program to define the extent of these unmined zones.
These zones of high-grade
mineralization, which are close to present development, could increase cash flows in the
early years of production,
reducing the initial capital investment required for start-up and improving the overall
project economics.
The second underground drill rig is expected to arrive at the end of May and will focus
on delineating the near
development massive sulphide zones, as well as the potential high-grade gold mineralization
associated with the massive
zones.
Surface Program After a number of years of continuous drilling the directional surface program officially
ended April 2008 with the
culmination of our first published NI43-101 resource estimate. The last holes from
this program have returned
encouraging results however Rambler believes that future exploration can be better achieved
through underground drifting
from existing levels. RM08-21 was designed to test the highly promising 1807 Massive Sulphide
Zone 100m down plunge of
any existing intersection to date.
In the next few months Rambler will be conducting a Titan 24 DCIP and MT ground geophysical
survey over Rambler Property
adjacent to the known deposits. This survey will aim to identify massive sulphide drill
targets and will also be useful
in helping the Rambler team unravel the structural history of the area by identifying more
favourable horizons of
mineralization. The Titan 24 system has the ability to effectively search for conductive
bodies up to 1 km in depth,
far beyond the capabilities of any previous geophysical surveys completed in the area.
George Ogilvie, P.Eng, President and CEO, Rambler commented; "The underground diamond drilling is now beginning to discover high grade massive sulphides
with associated gold that
were not previously mined. We are confident that with the addition of a smaller second
underground drill further success
can be achieved in discovering new areas of mineralization. It's also important to bear in
mind that these results were
not considered in our recently published NI43-101 but will be included in the resource update
that we expect to publish
later in the year."
The table below summarizes the widths, grades and drill station of the recent holes. All
underground drill holes
targeted the up plunge extension of the Ming Massive Sulphide Horizon (South Zone).
Target Drill Hole From To Length Length
Au Cu
Level (m) (m) (m) (feet)
(g/t) (%)
South Zone 1500 RMUG08-45 67.00 69.00 2.00 6.56
1.08 1.99
South Zone 1500 RMUG08-46 22.50 24.70 2.20 7.22
0.41 2.75
South Zone 1800 RMUG08-56 27.60 41.50 13.90 45.60
0.82 2.42
including 34.40 36.10 1.70 5.58
6.53 18.35
South Zone 1800 RMUG08-57 30.10 33.70 3.60 11.81
0.93 3.81
including 31.50 33.70 2.20 7.22
1.05 5.12
South Zone 1800 RMUG08-58 35.25 40.60 5.35 17.55
0.81 1.43
including 35.25 37.05 1.80 5.91
0.80 3.27
South Zone 1800 RMUG08-60 50.90 68.10 17.20 56.43
1.20 5.70
Including 54.30 66.60 12.30 40.35
1.68 7.96
Including 57.40 62.50 5.10 16.73
3.68 15.77
South Zone 1800 RMUG08-61 40.90 58.60 17.70 58.07
0.46 1.38
Including 51.05 55.00 3.95 12.96
1.47 5.25
Including 52.00 54.00 2.00 6.56
2.33 7.11
South Zone 1800 RMUG08-62 30.00 35.20 5.20 17.06
0.39 1.97
RMUG08-62 83.10 94.85 11.75 38.55
0.94 1.56
Including 91.90 94.85 2.95 9.68
2.45 5.28
including 93.00 94.85 1.85 6.07
3.83 8.38
Surface Drilling
1807 Zone RM08-20o 660.30 660.80 0.50 1.64
3.90 2.90
1807 Zone RM08-21 765.75 766.50 0.75 2.46
3.34 4.20
For more information and a complete listing of all RMM drill intersections, corresponding
maps, figures and NI43-101
compliance information please visit our website at www.ramblermines.com.
George Ogilvie, P.Eng. Leslie Little
President and CEO Company Secretary
Rambler Metals and Mining Rambler Metals & Mining Plc
Canada Limited Tel No: +44 (0) 20-7661-8104
Tel No: 709-532-4990
Nandita Sahgal Chelsea Hayes/Klara Kaczmarek
Seymour Pierce Limited Pelham Public Relations
Tel No: +44 (0) 20-7107 8000 Tel No: +44 (0) 20-7743-6675 /20-3159-4395Larry 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 plc.
All tonnes are dry metric tonnes.
Drill intercepts quoted are core lengths; true widths for the Gold Zone and Ming Zone are
estimated to be in excess of
60% of the intersected core lengths. Analytical results for Rambler core are first
determined at Eastern Analytical,
Springdale, NL. Samples are then shipped by courier to Activation Laboratories
Ltd.("Actlabs'), Ancaster Ontario, where
a 34 element ICP analysis and gold fire assay are performed. The results presented in this
release are based on assay
data from Eastern Analytical and Actlabs'. ActLabs' data, being the accredited lab for this
project, will supersede all
other results.
National Instrument 43-101 compliance information regarding sampling and analytical protocols
pertaining to the Rambler
Project can be accessed via the following link: http://www.ramblermines.com The TSX-Venture Exchange does not accept responsible for the adequacy or accuracy
of this release.
Rambler Metals & Mining Plc
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