Rambler and Thundermin Commence Drilling Location: Newfoundland
06.02.2014 | Marketwire
LONDON, UNITED KINGDOM and BAIE VERTE, NL -- (Marketwired - Feb 6, 2014) - Rambler Metals and Mining plc, a Newfoundland copper and gold producer, explorer and developer (TSX VENTURE: RAB) (LSE: RMM) ('Rambler' or 'the Company') today announces, with its 50/50 joint venture partner Thundermin Resources Inc. ('Thundermin') (TSX VENTURE: THR), that an initial 3,800 metre diamond drilling program has commenced on the Little Deer Copper Deposit ('Little Deer') located in north-central Newfoundland, Canada.The primary purpose of this drill program, which will focus on the higher grade, eastern portion of the Little Deer deposit, is to increase the mineral resources outlined to date and to further upgrade the inferred resources to the indicated resource category. Improving the confidence level of the National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate for Little Deer is required prior to undertaking a pre-feasibility study.
Certain holes in the current program will be targeted to expand the mineral resources in the Little Deer Footwall Zone Splay, estimated to contain 797,000 tonnes grading 2.64 per cent copper (46.4 million lbs of the total 129.1 million lbs of contained copper in the deposit, see NI43-101 Technical report dated 26 July 2012).
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