Also a Katx neighbor on the Baie Verte peninsula with a view to becoming the premier gold and base metal [/color]hydrometallurgical facility in the region
. Article.Rambler Metals and Mining plc: Environmental Registration Filed for Mining of Nugget Pond's Crown Pillar
20 days 26 minutes ago - CCN via Comtex
Marketwire CanadaRambler Metals and Mining plc (TSX VENTURE:RAB)(AIM:RMM) ('Rambler' or the 'Company') is pleased to announce that on December 20, 2010 the Company officially submitted the environmental registration for the mining of the Nugget Pond Crown Pillar, located less than 150 metres away from its gold hydromet processing facility.
The Company is also pleased to announce that it recently completed processing a bulk sample for Crosshair Exploration and Mining Corp. (TSX:CXX)(NYSE Amex:CXZ) ('Crosshair') with ore from its Golden Promise Project. HIGHLIGHTS
-- The crown pillar contains an historical resource of approximately 8,100 tonnes of ore grading 7.7 g/t of gold equating to 2005 troy ounces in- situ. An open pit mining method is planned. -- All ore processing will be completed at the Company's own Nugget Pond Hydromet Facility. Historical recovery averaged 95%. -- The undertaking was registered on December 20, 2010; the deadline for public comments is January 26, 2011; and the minister's decision is due by February 3, 2011. -- The Company plans on mining this crown pillar in calendar Q2, 2011. -- Completed toll milling contract for Crosshair Exploration and Mining Corp. in November 2010.
Peter Mercer, VP Corporate Development commented;
"We are pleased to have some additional mining at the Crown Pillar while construction is taking place at the Ming Mine. While the mining of Crown Pillar itself will be of short duration there remains much exploration potential both within our own mining lease and over the entire mineralized trend.
In addition the successful toll milling of Crosshair's bulk sample confirms our belief that the Nugget Pond facility is amenable to a wide range of ore types and will allow Rambler access to further business opportunities on the Baie Verte peninsula with a view to becoming the premier gold and base metal hydrometallurgical facility in the region."
