FOR: RAMBLER METALS & MINING PLC
TSX VENTURE SYMBOL: RAB
AIM SYMBOL: RMM
September 21, 2009
Rambler Explores for New Gold
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - Sept. 21, 2009) - Rambler Metals and
Mining plc ('Rambler') (TSX VENTURE:RAB)(AIM:RMM) recently announced its intent to purchase the Nugget Pond
gold processing facility on the Baie Verte peninsula. While it is Rambler's intentions to upgrade the mill with
a new base metal flotation circuit, to accommodate feed from its own Ming copper-gold mine, the company is also
taking a proactive approach in searching for potential gold properties in the surrounding area.
To date two such properties have been identified. The Corkscrew/ Big Bear property and the Deer Cove gold
deposit, both located on the Baie Verte Peninsula are within trucking distance of Nugget Pond.
George Ogilvie, President and CEO commented;
"Each property presents its own unique opportunity in turn exposing Rambler to both short and long term
production scenarios. The Deer Cove deposit could take advantage of Rambler's experienced mining and technical
team while the Corkscrew/ Big Bear is a grass roots, underexplored property with significant upside potential.
The agreements potentially give Rambler the opportunity to develop a gold property which is in close proximity
to Nugget Pond, our soon to be acquired gold hydrometallurgical facility. Further it fits well with our
strategy of becoming a major gold and base metal producer on the Baie Verte Peninsula."
Deer Cove Gold Deposit - Tenacity Gold Mining Company Ltd
Rambler Metals and Mining has signed a confidentiality agreement with Tenacity Gold Mining Company Ltd to
evaluate the potential of developing the Deer Cove deposit. The deposit is located on the Baie Verte Peninsula
of Newfoundland, just 50 kilometres from the Nugget Pond mill.
The Deer Cove deposit consists of auriferous brecciated quartz/sulphide veins. During the late 1980's Noranda
Exploration developed an exploration adit and collected a bulk sample from the deposit. Later, in 1999, the
provincial government estimated a non NI43-101 compliant (undiluted and uncut) resource of 94,093 tonnes of
high grade mineralization at 6.01 g/t in addition to a lower grade resource of 48,906 tonnes of 2.45 g/t. A
small stockpile of 4275 tonnes grading 3.1 g/t is currently located at the entrance of the adit. Neither the
resource estimate nor the stockpile is NI43-101 compliant and therefore cannot be relied upon in any way.
Tenacity has already begun the process of upgrading the historic resource estimate to meet today's NI43-101
regulations.
The property can be accessed via paved highway and an all weather gravel truck road. With the deposit's close
proximity to the Ming Mine, 10 km, along with the existing underground infrastructure, Rambler is confident
that the deposit can be brought into production quickly with minimum expenditure.
Corkscrew/ Big Bear - Seaside Realty Ltd
Rambler has entered into an option agreement with Seaside Realty Ltd (Seaside) to earn up to a 50% undivided
interest in the Corkscrew/Big Bear Property, also located on the Baie Verte Peninsula. As outlined in the
agreement Rambler will assume project management of the property for two years. During which time Rambler will
be responsible for all geologic compilation and exploration management while Seaside will be responsible for
all diamond drilling related costs.
The Corkscrew/Big Bear Property can be accessed by way of paved highway and gravel road and is located
approximately 6 kilometers north of the Ming Mine, bordering the producing Anaconda Pine Cove Gold Deposit. The
property has seen sporadic periods of exploration since the early 1980's. During 1987 and 1993 approximately 28
diamond drill holes were completed intersecting gold mineralization of varying thickness and grade including
29.64 g/t Au over 1.0 m, 8.46 g/t Au over 3.9 m and 2.54 g/t Au over 15.0 m.
The property is underexplored with all mineralized zones open along strike and down dip. It is Rambler's hope
that given further interpretation a test drill program can be initiated in the spring of 2010.
Below are select diamond drill intersections and grab samples from previous exploration programs.
/T/
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Hole From To Length Length Au
(m) (m) (m) (feet) (g/t)
----------------------------------------------------------------------------
M87-2 88.80 92.70 3.90 12.80 2.08
including 90.80 92.70 1.90 6.23 3.36
M87-3 65.20 71.20 6.00 19.68 3.09
including 70.30 71.20 0.90 2.95 19.14
M87-5 99.80 102.00 2.20 7.22 2.32
including 100.90 102.00 1.10 3.61 4.49
M87-6 51.20 53.20 2.00 6.56 2.15
including 51.40 52.30 0.90 2.95 4.77
M87-13 181.20 184.30 3.10 10.17 2.09
including 181.20 182.20 1.00 3.28 4.75
M87-15 217.30 232.20 15.0 49.21 2.54
including 228.40 232.30 3.90 12.80 8.46
including 229.40 230.40 1.00 3.28 29.64
M93-24 217.80 220.80 3.00 9.84 4.76
M93-25 226.20 231.10 1.30 4.27 2.59
including 230.80 231.10 0.30 0.98 10.67
----------------------------------------------------------------------------
Sample Id Easting Northing Au Sample
(NAD27) (NAD27) (g/t) Type
----------------------------------------------------------------------------
6557 563,598 5,536,562 8.96 Grab
6675 563,641 5,536,802 10.36 Grab
6685 563,605 5,536,634 33.78 Grab
BB-02R 564,208 5,537,133 7.18 Grab
BB-05R 564,210 5,537,140 13.26 Grab
BB-18R 563,874 5,536,602 16.07 Grab
/T/
Larry Pilgrim, P.Geo. is the Qualified Person responsible for the technical content of this release and has
reviewed and approved it accordingly. Mr. Pilgrim is an independent consultant contracted by Rambler Metals and
Mining plc.
All tonnes are dry metric tonnes.
Drill intersections quoted are core lengths. Analytical results were determined at Eastern Analytical,
Springdale, NL. All historical samples quoted include original assay certificates.
National Instrument 43-101 compliance information regarding sampling and analytical protocols pertaining to the
Rambler Project can be accessed via the following link: http://www.ramblermines.com
About the Company
The principal activity of the Company is to carry out development and exploration on the Ming Property, a
mineral exploration property located on Newfoundland and Labrador's Baie Verte Peninsula. The Company is
committed to bringing the former Ming Mine back into production.
The Ming property had been a former underground copper and gold producer that ceased production when the
deposit reached a then third party property boundary. This neighbouring property was subsequently consolidated
before being brought into the Company. The Company now owns a 100% interest in the property.
With the impending acquisition of the Nugget Pond gold processing facility and its subsequent modification
Rambler will soon have the capability and flexibility to process multiple ore types either from its own
property or through toll milling agreements. This diversification will create direct share holder value while
further reducing the risk of fluctuating commodity prices.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Rambler Metals and Mining Canada Limited
George Ogilvie, P.Eng.
President and CEO
709-532-4990
OR
Rambler Metals & Mining Plc
Leslie Little
Company Secretary
+44 (0) 14-8341-9942
Website: www.ramblermines.com
OR
Seymour Pierce Limited
Nandita Sahgal
+44 (0) 20-7107 8000
OR
Pelham Public Relations
Chelsea Hayes/Klara Kaczmarek
+44 (0) 20-7337-1523 /20-7337-1524
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
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Rambler Metals & Mining Plc