The Ming Mine is one of five deposits in the district. On November 28, 2011 the Company began gold production at the Ming Mine. After declaring commercial production of copper concentrate at the start of the second quarter of fiscal 2013 at the Ming Mine, the potential of the other deposits in the district are being examined and explored.
The Ming Mine consists of several zones (1805 to 1807, North and South zone and the Lower Footwall). The 1806 zone is a high-grade gold zone that was mined in the second half of fiscal 2012. The 1807 zone is copper rich that will provide the first two years of production at the mine until 2014.
The 1806 zone is a high-grade gold zone grading over 4 g/t that lies within 50 metres to the already developed ramp and is easily accessible with little development cost. Early production from the 1806 gold zone allowed the company to generate its first revenues while finalizing the construction of its copper floatation circuit. The five month period from November 2011 to May 2012 produced 14,918 ounces of gold, grossing in excess of $25 million in revenue. During production the Nugget Pond mill surpassed gold recoveries of 91%. There is approximately 30,000 oz remaining in the defined resource with potential for future exploration and expansion during the Company's next diamond drilling campaign. The exploration drift is being prepared to begin diamond drilling for exploration in this zone.
The Upper Footwall Zone is a new high-grade discovery that sits stratigraphically between the Ming Deposit and the Lower Footwall Zone. It has been intersected thus far along a 400m plunge length where it ranges between 6.0 and 14.4 metres in thickness. The newly discovered mineralization is open at depth and remains a target for future exploration.
One of the biggest advantages that Rambler has in terms of exploration is our ability to think and work in 3D. Our early gold start-up has proven that the Ming Mine can be profitable as a standalone gold operation. With further exploration, we have an opportunity to add additional ounces into the resource / reserve estimate. Recently in 2012, visible gold on multiple levels was discovered; with some grades up to 228 g/t over 5.1 metres.