Ming Mine Project Exploration and Highlights

Potential of the Deposit

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.

Exploration Targets

  • Southeast side of the Ming Deposit – possible 1806 style mineralization. Recent drill holes showed results of 1.66% Cu, 1.48 g/t Au over 2.1m. As well, 1.72% Cu, 1.57 g/t Au over 2.1 m. A proposed surface drilling of 6 drill holes and 1100 meters would add a potential 350,000 tonnes to the resource.
  • Ming West down plunge 800 foot to 1600 foot levels – possible 1807 style / footwall style mineralization. A proposed surface drilling of 4 drill holes and 1500 meters would add a potential 200,000 tonnes to the resource.
  • The fringes of the mined out areas of the Ming deposit – The two areas that have the potential to add 100,000 tonnes to the resource is between the Main Ming and the 1806 Zone and between the 1806 zone and 1807 zone. The proposed underground drilling would include 10 drill holes across 2850 meters.
  • The Lower Footwall zone – near surface expression. The proposed surface drilling of 6 drill holes over 550 meters would add a potential 200,000 tonnes to the resource.
  • The Ming South up plunge – up dip extension. The proposed surface drilling of 2 drill holes over 600 meters would add a potential 50,000 tonnes to the resource.
  • 1807 Zone Down Plunge – the exploration of this zone could potentially add over 341,000 tonnes to the resource. 6500m of diamond drilling would be included at this zone with a 200 m exploration drift from the 2200 Level.

Gold Zone (1806 Zone)

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.

 

Upper Footwall 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.

  • High grade chalcopyrite stringer zone approximately 50 metres from the existing underground development.
  • Five holes have intersected the zone so far over a 400m plunge length and is open at depth.

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.