Rambler Metals & Mining PLC Announces First Quarter 2016 Production Results
BAIE VERTE, NL--(Marketwired - Dec 2, 2015) - Rambler Metals & Mining PLC (TSX VENTURE: RAB) (LSE: RMM)
First Quarter 2016 Production Results
London, England & Baie Verte, Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (TSX-V: RAB; AIM: RMM) ('Rambler' or the 'Company'), a copper and gold producer operating in Newfoundland and Labrador, Canada, today provides an operational update for its first quarter ended 31 October 2015 ('Q1/16').
The fiscal 2016 production strategy includes blending Lower Footwall Zone ('LFZ') ore with the ongoing production from the massive sulphide zones, as described in the Company's pre-feasibility study ('PFS') released in July 2015. This fiscal year is the first step in fully optimising all available infrastructure at the Ming Copper-Gold Mine.
HIGHLIGHTS OF THE QUARTER:
- Production of 4,788 tonnes of copper concentrate representing a 33 per cent increase over Q4/15 and a 6 per cent decrease over Q1/15 results. For the quarter concentrate graded 26.57 per cent, 12.90 grammes per tonne and 101.75 grammes per tonne for copper, gold and silver respectively;
- For the quarter head grades for copper averaged 2.42 per cent; gold at 1.45 grammes per tonne; silver at 8.80 grammes per tonne. Recoveries of concentrate for copper were 95.3 per cent, gold 70.6 per cent and silver 76.4 per cent;
- For Q1/16 there was production of: 1,272 tonnes of copper; 1,986 ounces of gold; 15,664 ounces of silver. Dry tonnes milled of 58,053 tonnes, comparable with production for Q4/15 and Q1/16.
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For further information, please contact:
| Norman Williams, CPA, CA President and CEO Rambler Metals & Mining Plc Tel No: 709-800-1929 Fax No: 709-800-1921 | Peter Mercer Vice President and Corporate Secretary Rambler Metals & Mining Plc Tel No: +44 (0) 20 8652-2700 Fax No: +44 (0) 20 8652-2719 |
| Stewart Dickson / Jeremy Stephenson, David Porter Cantor Fitzgerald Europe Tel No: +44 (0) 20 7894 7000 | Tim Blythe/ Megan Ray Blytheweigh Tel No: +44 (0) 20 7138 3204 |
Website: www.ramblermines.com
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