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Rambler Metals & Mining PLC Signs Non-Binding Letter of Intent15.03.2016 | 14:00 Uhr | Marketwired
BAIE VERTE, Mar 15, 2016 - Rambler Metals & Mining PLC (TSX VENTURE: RAB) (LSE: RMM) (TSX-V: RAB; LSE: RMM) Signs a Non-Binding Letter of Intent to London, England & Baie Verte, Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (TSXV: RAB, AIM: RMM) ('Rambler' or the 'Company') today announces that it has signed a non-binding letter of intent ('LOI') with Benton Resources Inc. (TSXV: BEX) ('Benton') and its partner Nordmin Engineering Ltd. ('Nordmin') to explore the potential of custom milling gold-rich concentrate from the Cape Ray deposits at Rambler's Nugget Pond milling facility located near Baie Verte, NL, Canada. Benton and Nordmin are reviewing options to improve the economics of their recently released preliminary economic assessment on the Cape Ray Project with a focus to reduce both capital and operating costs. For more information on the project please visit Benton's website at http://www.bentonresources.ca. Stephen Stares, Benton's President and CEO commented, Norman Williams, Rambler's President and CEO commented, "We have an idle gold leaching and refining circuit ready and available for gold concentrate. Should Benton and Nordmin push their project towards production we would be happy to assist with tolling milling and making their project a success. The mining space is showing some signs of recovery, making this an ideal timing to solidify those relationships that will help continue growing the business while optimizing all available infrastructure at Nugget Pond." To view the full document, please paste the following URLs into the address bar http://www.rns-pdf.londonstockexchange.com/rns/1560S_1-2016-3-15.pdf Contact Contacts: |