Rambler Appoints New General Manager at the Ming Copper-Gold Mine; Former General Manager Promoted to VP Technical Services
November 13 2012 - 07:00AM
Marketwired
Rambler Metals and Mining plc (TSX VENTURE:RAB)(AIM:RMM) ('Rambler'
or the 'Company') is pleased to announce the appointment of Mr.
Robert P. McGuire, P. Eng. as the Company's new General Manager at
the Ming Copper-Gold Mine. Mr. Tim Sanford, P. Eng., the Company's
previous General Manager, has been promoted to VP of Technical
Services, an executive position that will oversee the preparation
of Rambler's expansion plans of the Ming Mine and external growth
opportunities.
HIGHLIGHTS
- Robert McGuire is a native of Atlantic Canada and has over 35 years
experience in underground mining, with a diverse background in
supervisory and managerial positions. He has worked in a variety of
jurisdictions including Canada, Mexico, Chile, Alaska, Zambia,
Bolivia, and Argentina.
Mr. McGuire has been a registered Professional Engineer for over 20
years and will be relocating to the Town of Baie Verte to be closer to
the Ming Mine.
- With 20 years of management and mine engineering experience, Tim
Sanford's new role as VP Technical Services will see him assume
responsibility for managing the Company's internal and external growth
plans from a technical mining perspective.
George Ogilvie, President and CEO of Rambler, commented:
"I am very pleased to welcome Bob McGuire to the Rambler team. A
resident of Newfoundland with international experience in
underground mining, Bob will be a tremendous asset to the continued
success of the Ming Mine. His knowledge will be invaluable as we
look to consolidate the Company and then progress towards
expansion. The appointment of an experienced manager speaks volumes
about the Company's growing reputation and ability to attract
quality talent in a competitive labour market.
Tim Sanford has been the General Manager since the early
planning stages of the Ming Mine. Under Tim and his team's
stewardship the Ming Mine has reached commercial production; which
is a significant accomplishment. On behalf of the Board I'd like to
thank Tim and all the employees for this tremendous effort.
The new position of Vice President of Technical Services has
been created to further our growth plans as Rambler strives to
become the leading mine operator and resource developer in Atlantic
Canada. Many of these growth opportunities will require technical
evaluation. Tim, with his 20 years of management experience as a
qualified Mining Engineer, is well suited to lead these
studies.
Rambler's success to date has been founded on the quality of our
team. These senior management changes will enhance our ability to
deliver as we continually improve and grow our business. Thus
creating additional value for our shareholders."
ABOUT RAMBLER METALS AND MINING
Rambler Metals and Mining plc is a copper and gold producer that
has 100% ownership of the Ming Copper-Gold Mine in Baie Verte,
Newfoundland and Labrador, Canada. Rambler's strategy is to become
a mid-tier mining company by continuing the development of the Ming
Mine, discovering new deposits and pursuing mergers and
acquisitions.
Caution Regarding Forward Looking Statements:
Certain information included in this press release, including
information relating to future financial or operating performance
and other statements that express the expectations of management or
estimates of future performance constitute "forward-looking
statements". Such forward-looking statements include, without
limitation, statements regarding the financial strength of the
Company, estimates regarding timing of future development and
production and statements concerning possible expansion
opportunities for the Company. Where the Company expresses or
implies an expectation or belief as to future events or results,
such expectation or belief is expressed in good faith and believed
to have a reasonable basis. However, forward-looking statements are
subject to risks, uncertainties and other factors, which could
cause actual results to differ materially from future results
expressed, projected or implied by such forward-looking statements.
Such risks include, but are not limited to, interpretation and
implications of drilling and geophysical results; estimates
regarding timing of future capital expenditures and costs towards
profitable commercial operations. Other factors that could cause
actual results, developments or events to differ materially from
those anticipated include, among others, increases/decreases in
production; volatility in metals prices and demand; currency
fluctuations; cash operating margins; cash operating cost per pound
sold; costs per ton of ore; variances in ore grade or recovery
rates from those assumed in mining plans; reserves and/or
resources; the ability to successfully integrate acquired assets;
operational risks inherent in mining or development activities and
legislative factors relating to prices, taxes, royalties, land use,
title and permits, importing and exporting of minerals and
environmental protection. Accordingly, undue reliance should not be
placed on forward-looking statements and the forward-looking
statements contained in this press release are expressly qualified
in their entirety by this cautionary statement. The forward-looking
statements contained herein are made as at the date hereof and the
Company does not undertake any obligation to update publicly or
revise any such forward-looking statements or any forward-looking
statements contained in any other documents whether as a result of
new information, future events or otherwise, except as required
under applicable securities law.
Neither TSX Venture Exchange nor its Regulation Service Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Rambler Metals and Mining George Ogilvie, P.Eng.
President and CEO 709-800-1929 or 709-800-1921 Rambler Metals &
Mining Plc. Corporate Office +44 (0) 20 8652-2700 +44 (0) 20
8652-2719 (FAX) www.ramblermines.com Seymour Pierce Limited Stewart
Dickson / Jeremy Stephenson +44 (0) 20-7107-8000 Pelham Bell
Pottinger Charles Vivian / Daniel Thole +44 (0) 20 7861 3921 Ocean
Equities Limited Guy Wilkes +44 (0) 20-7786-4370