Rambler Metals & Mining

Ming Mine Project

Overview

Rambler Metals and Mining was established to invest in the base metal sector in politically stable jurisdictions. Its principal project is the Ming Copper-Gold Mine, located on the Baie Verte Peninsula of Newfoundland and Labrador, Canada. Rambler's Strategic Vision is the be the leading mine operator and resource developer in Atlantic Canada.

First production from the mine began on November 28, 2011 from the 1806 gold zone. Production from this zone continued up to early May 2012, having produced 14,918 ounces of gold dore at Nugget Pond mill. Live ore commissioning of the copper concentrator began on May 14, 2012. At the end of fiscal Q1 2013, Rambler had 6,000 tonnes of wet copper concentrate stored at their Goodyear's Cove storage facility, awaiting shipment by Transamine Trading. The company subsequently declared commercial production on 1st November 2012, which was the start of its 2Q 2013 reporting period.

Location

The Ming Mine is located in Canada, on Newfoundland and Labrador's Baie Verte Peninsula. The Northwestern coast of the island of Newfoundland has a history and culture of gold, base metals and industrial minerals mining dating back to the mid-1800's. The major centre for the region is the town of Baie Verte, which offers several mining and exploration service providers, deep water loading, hotels, schools, shopping, medical facilities and recreational facilities.

History

  • The Rambler property contains the former producing Ming and Ming West copper-goldmines.
  • The Ming Mine last operated in 1982 and produced over 2.1 million tons of ore grading 3.5% copper, 2.5 g/t gold and 11 g/t silver over 10 years in operations. The historical recoveries were 92-95% Cu, 60-75% Au and 55% Ag. Mining ceased when workings reached a neighboring property boundary.
  • The Ming West Mine operated for a short period between 1995 and 1996 producing 271,000 tons grading 4.0% Cu and 5.8 g/t Au.