StockMarketWire.com - Rambler Metals & Mining has issued a positive project update for the 100% owned Ming Copper-Gold Mine.
Exploration diamond drilling in the 1806 zone returned new visible gold intersection of 2.60 metres (core length) of 8.10 oz/ton gold (278 g/t gold uncut).
The company also pointed to the continued development of the high grade copper 1807 zone with live ore commissioning for the concentrator scheduled for fiscal Q3 2012.
Peter Mercer, Vice President Corporate Development, commented: "We are pleased with the continuous improvements at the Ming Mine, both underground and at the milling facility.
"We are also encouraged by the discovery of new visible gold near our current stoping levels; however, our focus remains on optimizing our processes to ensure that we maximize the potential of the underexplored areas of the Ming Mine. "We look to continue to develop and increase our revenue stream to ensure that the Company continues to grow over the near term."
At 8:09am: (LON:RMM) share price was +1.5p at 32.25p
Story provided by StockMarketWire.com
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