BAIE VERTE, NEWFOUNDLAND--(Marketwired - May 25, 2016) - Rambler Metals & Mining PLC (
25 May 2016
Third Quarter FY2016 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 its third quarter ended 30 April 2016 ('Q3/16').
The quarter showed increases in mine and mill production, with ore from the massive sulphide zones blended with increasing amounts of Lower Footwall Zone ('LFZ') ore, as described in the Company's pre-feasibility study ('PFS') released in July 2015. Mill throughput is anticipated to continue to increase for the remainder of the year.
HIGHLIGHTS OF THE QUARTER:
Norman Williams, CA, President and CEO, commented:
"We continue to see improvement each quarter for the production of copper, gold and silver from the operation. The first year of the expansion plan is underway with development into the LFZ continuing, alongside steady production from the high grade massive sulphides.
"Moving into the fourth and final quarter of the fiscal year, the operation is on track to meet the forecasted guidance for the year and management look forward to updating the market in due course."
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