News

November 17, 2008

Rambler Metals Intercepts More Mineralization On the Ming Mine And A Few Potential Partners In China

By Alastair Ford

Another day, another set of excellent drill results from Rambler Metals & Mining. The latest numbers delivered from the ongoing underground diamond drilling at the company’s Ming mine on Canada’ eastern seaboard included a stunning show of 9.50 metres at 20.31 grammes per tonne gold, 4.21% copper, and 4.31% zinc. Other good - and longer - intersections included 23.20 metres at 4.74 grammes per tonne gold, 0.86% copper, and 0.55% zinc, and 53.00 metres grading 1.36 grammes per tonne, 0.02% copper, and 0.29% zinc. Nice enough if you can get it, even if commodities prices do seem to be plunging even lower than the new 1806 zone that Rambler believes it is likely to delineate courtesy of these latest numbers. The known plunge length of what is emerging as the 1806 zone is already defined down to 250 metres, but as the company moves to develop the already well-defined and neighbouring 1807 zone, it seems more than likely that 1806 could be defined up to at least 1,000 metres down, and still remain open at depth.

That’s a prospect that certainly appeals to Rambler chief George Ogilvie, partly because if 1806 does extend to depth it’s likely to confirm some historic data on the property held by Rambler, which will not only broaden the understanding of the Ming development, but also increase its potential. “The new zone”, says George, “could be developed for very low capital costs. That’s good news for shareholders”. Shareholders could do with some good news, because although the prospectivity of Ming and...