FOR: RAMBLER METALS & MINING PLC TSX VENTURE SYMBOL: RAB
AIM SYMBOL: RMM May 7, 2008 Rambler's Footwall Improving With Depth: Drills 6.00 Metres of 2.86% Copper LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - May 7, 2008) -
Rambler Metals and
Mining plc ('Rambler') (TSX VENTURE:RAB)(AIM:RMM) is pleased to announce new drilling results
from its ongoing
Lower Footwall Zone delineation program.
/T/ - RMUG08-34 returned 6.00 meters of 1.91% copper
- RMUG08-35 returned 3.90 meters of 2.05% copper
- RMUG08-37 returned 5.00 meters of 1.93% copper
- RMUG08-38 returned 9.80 meters of 1.88% copper
- RMUG08-40 returned 6.00 meters of 2.61% copper
- RMUG08-41 returned 7.90 meters of 2.17% copper
- RMUG08-43 returned 3.00 meters of 3.43% copper
- RMUG08-48 returned 6.00 meters of 2.86% copper
- RMUG08-49 returned 5.10 meters of 2.56% copper /T/ Lower Footwall Stringer Zone (LFZ) These latest holes on the 1400, 1500 and 1700 levels have returned some of the best
mineralization from the
underground program to date. A number of holes reported multiple zones of 2% copper or better
indicating that
footwall grades and thicknesses are improving with depth. The Lower Footwall Zone has never
been drill tested,
historic or recent, between the 1800 level and the 2700 level. As the water recedes and more
drill access is
made available in these untested areas, Rambler is confident that this trend of higher grade
footwall stringer
mineralization will continue.
Currently the single underground drill is testing both the footwall and some gold targets when
accessible. Once
the second underground drill arrives in June it will focus on the high grade gold and un-mined
areas of the
Ming Massive Sulphide leaving the existing drill to focus solely on the Footwall Zone.
Larry Pilgrim, P.Geo and Independent Consultant comments; "The delineation of the Lower Footwall Zone at Rambler is progressing as planned with
significant results
returned. We are also testing the gold potential in proximity to the known deposits, as well
as, peripheral un-
mined massive sulphide lenses. These high-grade copper and gold rich ore shoots do have
significant tonnage and
are located in close proximity to the developed ramp access." The table below highlights some of the better mineralized sections: /T/ ----------------------------------------------------------------------------
Drill Hole From To Length Length Au Cu
Level (m) (m) (m) (feet) (g/T) (%)
----------------------------------------------------------------------------
1400 RMUG08-31 9.00 11.50 2.50 8.20 0.79 1.59
RMUG08-31 87.00 100.00 8.00 26.25 0.1 1.47
including 87.00 89.00 2.00 6.56 0.14 2.751400 RMUG08-32 95.30 104.70 9.40 30.84 0.07 1.34
RMUG08-32 112.70 119.90 7.20 23.62 0.08 1.66
RMUG08-32 123.90 135.00 11.10 36.42 0.07 1.551400 RMUG08-33 126.90 152.60 25.70 84.32 0.05 0.98
including 128.90 138.90 10.00 32.81 0.1 1.721400 RMUG08-34 89.10 93.00 3.90 12.80 0.12 1.84
RMUG08-34 134.10 140.10 6.00 19.69 0.07 1.91
RMUG08-34 176.30 185.80 9.50 31.17 0.11 1.221400 RMUG08-35 84.70 88.60 3.90 12.80 0.12 2.05
RMUG08-35 173.70 176.60 2.90 9.51 0.11 2.031400 RMUG08-36 111.80 124.00 12.20 40.03 0.09 1.12
RMUG08-36 153.90 162.60 8.70 28.54 0.08 1.051400 RMUG08-37 88.50 90.60 2.10 6.89 0.23 2.38
RMUG08-37 119.30 134.70 15.40 50.52 0.06 1.21
RMUG08-37 189.80 194.80 5.00 16.40 0.07 1.931500 RMUG08-38 104.70 107.20 2.50 8.20 0.27 1.73
RMUG08-38 128.70 132.70 4.00 13.12 0.22 1.93
RMUG08-38 172.30 189.80 17.50 57.41 0.07 1.61
including 173.30 183.10 9.80 32.15 0.09 1.881500 RMUG08-39 171.35 186.90 15.55 51.02 0.06 1.77 1500 RMUG08-40 111.60 113.20 1.60 5.25 0.19 2.86
RMUG08-40 174.30 194.70 20.40 66.93 0.11 1.49
including 187.70 193.70 6.00 19.69 0.26 2.611500 RMUG08-41 136.90 144.80 7.90 25.92 0.36 2.17
RMUG08-41 153.85 178.90 25.10 82.35 0.1 1.3
including 157.90 161.90 4.00 13.12 0.12 2.79
including 167.90 170.70 2.80 9.19 0.11 2.26
including 177.40 178.40 1.00 3.28 0.95 5.61500 RMUG08-42 127.70 130.70 3.00 9.84 0.15 1.47
RMUG08-42 148.50 164.10 15.60 51.18 0.08 1.45
including 148.50 152.50 4.00 13.12 0.21 2.86
RMUG08-42 178.00 185.30 7.30 23.95 0.02 1.231500 RMUG08-43 134.40 169.90 35.50 116.47 0.07 1.41
including 144.40 169.90 25.50 83.66 0.07 1.71
including 165.00 168.00 3.00 9.84 0.15 3.431700 RMUG08-47 68.20 72.20 4.00 13.12 0.15 1.55
RMUG08-47 180.60 192.60 12.00 39.37 0.09 1.66
including 181.60 187.60 6.00 19.69 0.14 2.41700 RMUG08-48 131.70 150.60 18.90 62.01 0.08 1.28
including 141.70 147.70 6.00 19.69 0.21 2.861700 RMUG08-49 140.30 154.20 13.90 45.60 0.08 1.34
including 144.80 153.40 8.40 27.56 0.11 1.75
RMUG08-49 166.20 184.15 17.95 58.89 0.12 1.39
including 173.1 178.2 5.1 16.73 0.10 2.56/T/ 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.
Larry 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.
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. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Rambler Metals and Mining Canada Limited
George Ogilvie, P.Eng. President and CEO
(709) 532-4990 OR Rambler Metals & Mining Plc
Leslie Little
Company Secretary
+44 (0) 20-7661-8104
Website: www.ramblermines.com OR Seymour Pierce Limited
Nandita Sahgal
+44 (0) 20-7107 8000 OR Pelham Public Relations
Chelsea Hayes
+44 (0) 20-7743-6675 OR Pelham Public Relations
Klara Kaczmarek
+44 (0) 20-3159-4395 The TSX-Venture Exchange does not accept responsible for the adequacy or accuracy of this
release.
Rambler Metals & Mining Plc
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