Rambler is a mining and development Company that in November 2012 brought its first mine into commercial production. The group has a 100% ownership in the Ming Copper-Gold Mine, a fully operational base & precious metals processing facility and year-round bulk storage & shipping facility; all located on the Baie Verte peninsula, Newfoundland and Labrador, Canada.
Rambler's focus is to regain its base production profile at 1,350 metric tonnes per day at 2% copper in 2022. Expansion opportunities will then be evaluated from that base.
Along with the Ming Mine, Rambler also owns 100% of the former producing Little Deer and Whales Back copper mines.
The Ming Mine is an underground, copper and gold rich massive sulphide deposit consisting of six mineralised zones. All mineralisation on the property remains “open” in all directions with current diamond drilling showing improving copper grades and widths at depth.
The current focus of the underground operation is to establish the necessary developed ore inventories in the lower and upper portions of the mine to support sustained production at 1,350 metric tonnes per day for the next twenty years.
The property itself contains 428k tonnes of contained copper under the measured and indicated mineral resource categories. See full mineral resource estimate below.
Mineral Resource Summary for the Ming Copper-Gold Mine at 1% Copper Cut-off (* see note below) The effective date of the mineral resource estimate for the Ming Copper-Gold Mine is 31 March 2022 (reference press release dated 4 May 2022).
* Mineral Resource Estimate Notes - See Ming Mine Operations
The Little Deer and Whales Back mines, together known as the Little Deer Complex, are past producing copper-rich volcanogenic massive sulphide deposits. Located approximately ten kilometres from the town of Springdale, NL, the property has full-service support including paved roads, power line infrastructure and a local workforce.
The mineral complex represents an organic growth opportunity for Rambler through further exploration and development.
The complex contains 61.4 tonnes of contained copper under the indicated mineral resource category. See full mineral resource estimate below.
Mineral Resource Summary for the Little Deer Complex at 1% Copper Cut-off (* see note below) The effective date of the mineral resource estimate for the Little Deer Complex is 12 July 2021 (reference press release dated 12 July 2021).
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* Mineral Resource Estimate Notes - See Little Deer Exploration