Rambler Metals and Mining is a Junior Mining Company that has 100% ownership of the Ming Copper-Gold Mine in Baie Verte, Newfoundland and Labrador, Canada. Rambler is well on its way to becoming a mid-tier mining company through production from the Ming Mine, discovering new deposits and through mergers and acquisitions. Rambler listed on the London AIM in 2005 and Toronto TSX-V in 2007 and currently trades on London's AIM market under symbol RMM and on the TSX:V under symbol RAB.
The Ming property had been a former underground copper and gold producing mine that ceased production when the deposit reached a then third party property boundary. This neighbouring property was subsequently consolidated before being brought into Rambler's portfolio and Rambler now owns a 100% interest in the property.
The Ming mine is located in a mining district with excellent infrastructure including roads, fresh water, hydro electricity, and access to a working port. The town of Baie Verte with a population of 1,300 is located 17km away from the mine while the region as a whole hosts a highly skilled labour force to support the operation.
The Ming Mine is primarily an underground volcanic massive sulphide style copper deposit with anomalously high gold grades. Through its efforts Rambler has transitioned the project from exploration, permitting, construction, development, commissioning, production ramp up and now production. On November 1, 2012, Rambler declared that the Ming Mine was officially in commercial production. Today, all mineralization remains open in multiple directions while, importantly, the deposit has not been cut-off at depth.
In October 2009, Rambler purchased an operational gold hydrometallurgical mill, Nugget Pond, which is situated approximately 40km from the Ming Mine. Rambler has expanded the mill so that it is capable of handling massive sulphides from the Ming Mine to produce a copper concentrate with gold and silver as by-products. By utilizing the hydrometallurgical facility, in conjunction with the concentrator, the Company anticipates increased gold recovery as well as recovering any free gold. In the second quarter of fiscal 2013, the tailings from the copper floatation circuit will be processed in the gold hydrometallurgical mill before being discharged into the tailings pond increasing gold recovery from 66% to 85% as shown in laboratory tests.