Rambler metals and Mining is delivering on its promise. The mining and development company brought its first mine into commercial production in 2012, and has announced that it has delivered approximately 5,300 wet metric tonnes (wmt) of copper and gold concentrate from Goodyear’s Cove, NL, Canada.
The company’s internal sampling estimates an average grade for the shipment of 27.8 per cent copper, 9.9 grammes per tonne gold and 82 grammes per tonne silver. This is the third shipment for 2014 and seventh overall since the mine opened. Collectively, Rambler has produced roughly 46,800 wmt of total concentrate.
Following the shipment, the Company still has over 1,400 wmt of concentrate in storage at its Goodyear’s Cove Facility. Norman Williams, President and CEO, commented:
“Since the initial start of production in 2012 we have produced and shipped over 46,000 tonnes of high grade copper concentrate. We have been working to improve gold recovery at the mill since our last shipment in April which can account for the slightly higher amounts of precious metals in this batch.
“With just one month left to our July 31 year‐end we are on track to exceed the forecasted guidance for concentrate production.”
The group has a 100 per cent ownership in the Ming Copper‐Gold Mine, a fully operational base and precious metals processing facility and year round bulk storage and shipping facility. Rambler metals and Mining was established to invest in the base metal sector in politically stable jurisdictions. Its principal project is the Ming Copper-Gold Mine, located on the Baie Verte Peninsula of Newfoundland and Labrador, Canada. Ramblers Strategic Vision is the be the leading mine operator and resource developer in Atlantic Canada.
The Company’s Vision is to be Atlantic Canada’s leading mine operator and resource developer through the expansion of the Ming Mine, discovering new deposits and through mergers and acquisitions. . The northwestern coast of the island of Newfoundland has a history and culture of gold, base metals and industrial minerals dating back to the mid-1800s.
For more information, visit www.ramblermines.com.
