Rambler Metals and Mining plc: Three Month Ending October 31, 2016 – Production Results

BAIE VERTE, NL–(Marketwired – Dec 1, 2016) –  Rambler Metals & Mining PLC (TSX VENTURE: RAB) (LSE: RMM)

TSXV: RAB, AIM: RMM

1 December 2016

Three Month Ending October 31, 2016 – Production Results

London, England & Baie Verte, Newfoundland and Labrador, Canada – Rambler Metals and Mining plc (TSXV: RAB, AIM: RMM) (‘Rambler’ or the ‘Company’), a copper and gold producer operating in Newfoundland and Labrador, Canada, today provides an operational update for the first quarter ended 31 October 2016 (‘Q1/17 Stub’).

HIGHLIGHTS OF THE QUARTER:

• Production of 4,006 tonnes of copper concentrate, representing a 2% decrease over Q4/16 resulting from a slightly lower copper head grade during the quarter.
• Dry tonnes milled of 69,609 tonnes, equal to Q4/16 and a 20% increase over Q1/16, driven by an increase in production from the Lower Footwall Zone (‘LFZ’);
  • 1,057 tonnes of saleable copper
    (a 1% increase over Q4/16 and a 15% decrease over Q1/16)
  • 1,619 ounces of saleable gold
    (a 12% increase over Q4/16 and a 12% decrease over Q1/16)
• Head grades of copper averaged 1.7% for the quarter (a 6% decrease over Q4/16); gold averaged 1.1 g/t (6% decrease over Q4/16). Grades for the 3 month period were in line with plan with the majority of LFZ ore now being sourced from either capital development or from the first post-pillar cut and fill (‘PPCF’) test stope outside of the known reserve. Once the LFZ is fully developed, ore will be primarily sourced from larger stopes. 

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http://www.rns-pdf.londonstockexchange.com/rns/6315Q_1-2016-11-30.pdf

This information is provided by RNS
The company news service from the London Stock Exchange

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