Rambler Develops Through High Grade Gold Zone
FOR: RAMBLER METALS & MINING PLC
TSX VENTURE SYMBOL: RAB
AIM SYMBOL: RMM
May 10, 2011
Rambler Develops Through High Grade Gold Zone Returning 227.15 g/t Gold, 2.37% Copper and 60.17 g/t Silver Over 4.50
Metres
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - May 10, 2011) - Rambler Metals and Mining plc
(TSX VENTURE:RAB)(AIM:RMM) ('Rambler' or the 'Company') is pleased to announce that it has intersected visible gold
mineralization during pre-production development on the 1700 level of its Ming Copper-Gold Mine.
HIGHLIGHTS
-- Visible Gold - combined development face sampling return grade of 44.47
g/t gold, 1.96% copper, and 20.02 g/t silver. Including composited chip
sample of 227.15 g/t gold over 4.50 metres
-- Composited historic pillar sample returning grade of 5.76 g/t gold,
3.47% copper, and 103.23 g/t silver over 3.90 metres
-- Exploration program being designed to further define the extent and
controlling structure of the native gold
-- Ongoing sampling and mapping of exposed faces to determine extent of
high grade copper and gold mineralization within the immediate area
Larry Pilgrim, P. Geo, Chief Geologist commented:
"This new discovery is a confirmation of just how underexplored the Ming Mine truly is with respect to gold
mineralization. There have been historical reports of visible gold at the Ming Mine and we have intersected significant
gold mineralization in diamond drill holes; however the discovery of gold veinlets is a first for Rambler's exploration
program.
The Company is designing an exploration program to further evaluate the potential of this zone. We are, however, focused
on the continuation of pre-production development to ensure the Ming Mine enters commercial production during the second
half of this year."
Table 1: Sampling of Native Gold and Historical Pillars on the 1700 level.
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From To Length Cu Au Ag Zn
Native Gold (m) (m) (m) (%) (g/t) (g/t) (%)
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Development Chip 1 0.00 5.00 5.00 0.88 3.03 9.71 0.03
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Development Chip 2 0.00 4.50 4.50 2.37 227.15 60.17 0.12
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Development Chip 3 0.00 2.20 2.20 4.45 8.74 22.43 0.74
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Development Muck 1 -- -- -- 2.06 25.38 17.66 0.04
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Development Muck 2 -- -- -- 1.59 1.29 6.15 0.03
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Total Composite -- -- -- 1.96 44.47 20.02 0.05
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From To Length Cu Au Ag Zn
Pillars (m) (m) (m) (%) (g/t) (g/t) (%)
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Pillar 1 0.00 4.50 4.50 1.69 2.43 16.21 0.10
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Pillar 2 0.00 3.90 3.90 3.47 5.76 103.23 1.45
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Total Composite -- -- -- 2.52 4.00 56.61 0.72
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(i) All reported samples are composited and uncut.
Visible Gold Mineralization
The Ming deposit hosts significant gold mineralization throughout the entire massive sulphide horizon. While there are
zones, such as the 1806 Zone, that have reported anomalous gold grades, the discovery of visible gold on the 1700 level
is a first for Rambler's exploration program.
Detailed mapping at the end of the 1700 stoping level has led to the discovery of native gold veinlets associated with
bornite and chalcopyrite rich massive sulphides. Five sets of development samples were collected and composited
returning an average uncut grade of 44.47 g/t gold, 1.96 % copper, and 20.02 g/t silver. Two of the sample sets were
retrieved from development muck while the other three samples were representative of the entire working face on the
level. Table 1 above describes each of the sample sets recorded in this campaign while a complete list of all samples
collected can be found in Appendix 1.
Observation of the stope walls, both up and down plunge, suggests that the massive sulphide horizon exists beyond the
limits of the previous mining. Further, all pillars from previous operations remain intact and while visually the
mineralization appears to be similar, additional mapping and assaying will be required to confirm the overall
composition and grade. To date two separate sample sets have been collected in the historic stope returning an average
grade of 4.00 g/t gold, 2.52 % copper, and 56.61 g/t silver. (Table 1) Due to inaccessibility several meters of the
mineralization remain un-sampled at present, additional samples will be collected and reported in future press releases.
Rambler is designing an advanced exploration program with the immediate goal of defining the extent of the native gold
on the 1700 level and to evaluate the potential of the remaining pillars within the historic stope. This new exploration
program will be in addition to the current program, with the Company targeting an improvement in the existing reserve/
resource estimates through the extension of current mineralized zones and new discoveries. These programs will continue
alongside pre-production development as new access to the ore body is gained.
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 reported are dry metric tonnes.
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statement, which involve known and unknown risks and
uncertainties. Without limitation, statements regarding future plans and objectives of the Company are forward looking
statements that involve various degrees of risk. It is important to note that the Company's actual results could differ
materially from those in such forward-looking statements.
Appendix 1 - Complete Sample List for 1700 Level.
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Sample From To Length Cu Au Zn Ag
Description No (m) (m) (m) (%) (g/t) (%) (g/t)
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1700 Lv Native Gold 34180 0.00 0.50 0.50 0.22 1.83 0.02 5.50
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Chip Sample 1 34181 0.50 1.00 0.50 0.27 1.80 0.01 8.82
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34182 1.00 1.50 0.50 0.02 0.07 0.01 0.20
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34183 1.50 2.00 0.50 0.19 2.15 0.02 5.60
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34184 2.00 2.50 0.50 0.26 5.85 0.02 9.20
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34185 2.50 3.00 0.50 0.30 2.37 0.02 15.30
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34186 3.00 3.50 0.50 1.42 2.30 0.08 24.90
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34187 3.50 4.00 0.50 0.90 5.62 0.02 9.59
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34188 4.00 4.50 0.50 3.20 6.54 0.08 10.70
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34189 4.50 5.00 0.50 2.06 1.78 0.06 7.29
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Composited Grade 0.00 5.00 5.00 0.88 3.03 0.03 9.71
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1700 Lv Native Gold 29520 0.00 0.50 0.50 0.65 6.02 0.06 22.20
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Chip Sample 2 29521 0.50 1.00 0.50 1.23 5.76 0.03 33.70
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29522 1.00 1.50 0.50 1.22 9.41 0.02 26.10
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29523 1.50 2.00 0.50 5.40 1989.00 0.04 153.40
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29524 2.00 2.50 0.50 3.50 2.69 0.06 80.50
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29525 2.50 3.00 0.50 7.70 25.17 0.66 210.90
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34177 3.00 3.50 0.50 0.20 2.94 0.02 2.50
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34178 3.50 4.00 0.50 0.11 1.79 0.04 2.30
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34179 4.00 4.50 0.50 1.35 1.60 0.14 9.97
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Composited Grade 0.00 4.50 4.50 2.37 227.15 0.12 60.17
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1700 Lv Native Gold 30222 0.00 0.50 0.50 2.70 1.88 0.09 34.50
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Chip Sample 3 30223 0.50 1.00 0.50 4.70 11.59 0.04 9.97
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30224 1.00 1.30 0.30 1.47 4.28 0.05 17.60
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30225 1.30 1.60 0.30 6.70 18.34 0.18 33.70
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30226 1.60 1.90 0.30 7.90 16.28 0.05 29.50
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30227 1.90 2.20 0.30 4.20 2.74 0.05 9.59
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Composited Grade 0.00 2.20 2.20 4.45 8.74 0.07 22.43
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1700 Lv Native Gold 30201 1.00 2.28 1.02 0.04 14.96
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Muck Sample 1 30202 1.00 1.12 0.77 0.03 7.29
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30203 1.00 4.90 2.06 0.05 13.81
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30204 1.00 1.19 2.35 0.06 14.57
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30205 1.00 2.80 234.00 0.03 63.66
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30206 1.00 0.50 1.44 0.02 4.00
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30207 1.00 1.39 2.10 0.03 10.35
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30208 1.00 0.70 4.01 0.02 18.41
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30209 1.00 1.94 3.54 0.05 11.89
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30210 1.00 3.80 2.46 0.06 17.64
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Composited Grade 10.00 2.06 25.38 0.04 17.66
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1700 Lv Native Gold 30211 1.00 0.71 1.28 0.02 2.30
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Muck Sample 1 30212 1.00 2.02 1.19 0.03 10.74
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30213 1.00 3.70 1.59 0.05 7.67
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30214 1.00 0.19 0.72 0.01 1.30
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30215 1.00 5.00 1.43 0.08 13.81
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30216 1.00 0.26 1.81 0.01 4.50
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30217 1.00 0.15 0.29 0.01 2.00
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30218 1.00 0.67 2.00 0.02 6.90
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Composited Grade 8.00 1.59 1.29 0.03 6.15
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1700 Lv Pillar 1 34190 0.00 0.50 0.50 1.21 2.02 0.21 18.00
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34191 0.50 1.00 0.50 0.44 1.57 0.08 15.30
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34192 1.00 1.50 0.50 0.42 2.66 0.12 20.30
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34193 1.50 2.00 0.50 0.21 0.53 0.03 0.70
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34194 2.00 2.50 0.50 0.50 2.28 0.16 4.20
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34195 2.50 3.00 0.50 1.19 2.61 0.08 11.10
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34196 3.00 3.50 0.50 4.10 1.86 0.06 20.70
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34197 3.50 4.00 0.50 1.27 5.87 0.04 24.20
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34198 4.00 4.50 0.50 5.90 2.45 0.10 31.40
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Composited Grade 0.00 4.50 4.50 1.69 2.43 0.10 16.21
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1700 Lv Pillar 2 34201 0.00 0.50 0.50 1.39 27.04 5.70 28.40
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34202 0.50 1.00 0.50 0.48 1.26 0.85 13.00
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34203 1.00 1.50 0.50 1.60 1.40 0.32 29.90
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34204 1.50 2.00 0.50 2.35 11.41 2.70 57.90
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34205 2.00 2.50 0.50 4.30 0.91 0.35 122.70
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34206 2.50 3.00 0.50 7.50 1.07 0.33 333.60
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34207 3.00 3.50 0.50 5.10 1.14 0.52 138.10
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34208 3.50 3.90 0.40 5.40 0.93 0.64 102.00
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Composited Grade 0.00 3.90 3.90 3.47 5.76 1.45 103.23
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-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Rambler Metals & Mining Plc
George Ogilvie, P.Eng.
President and CEO
709-800-1929
OR
Rambler Metals & Mining Plc
Corporate Office
+44 (0) 20 8652-2700
+44 (0) 20 8652-2719 (FAX)
www.ramblermines.com
OR
Seymour Pierce Limited
Nandita Sahgal / Jeremy Stephenson
+44 (0) 20-7107-8000
OR
Pelham Bell Pottinger
Charles Vivian
+44 (0) 20 7861 3126
OR
Pelham Bell Pottinger
Philippe Polman
+44 (0) 20 7861 3861
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Rambler Metals & Mining Plc
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