Cu: $3.38/lb
Au: $1660.88/oz
Ag: $19.03/oz
prices are USD

Little Deer Complex

Overview

Rambler owns (100%) the past producing Little Deer and Whalesback mines, referred to as the Little Deer Complex. These past producing operations were part of a larger land package owned by Thundermin Resources. In 2016, Rambler acquired Thundermin Resources including the Little Deer Complex.

The Little Deer Complex is approximately ten kilometers from the town of Springdale NL, with full-service support including paved roads, power line infrastructure and a local workforce. The Little Deer Complex has mined more than 4 million tons historically over a 20-year period.

The property represents an organic growth opportunity for Rambler through further exploration and development.

Geology and Mineralization

The Little Deer Complex is a Cu-rich volcanogenic massive sulphide deposit within the Newfoundland Appalachians. The Little Deer Complex is typical of a Cyprus style VMS deposit found on or near seafloor through precipitation of Cu rich hydrothermal fluids. Minerology consists mainly of chalcopyrite, pyrrhotite, pyrite, sphalerite, and trace tellurides.

Mineral Resource Estimate

Rambler updated the Resource Estimate in 2021 with a fresh look at the historic modeling and estimation parameters. This new report includes the combination of both deposits, revised outlook and potential follow-up work required to push this project forward.

Deposit Classification Tonnes
(Kt)
Cu
(%)
Ag
(%)
Au
(g/t)
Co
(%)
Copper
(MLb)
Copper
(Kt)
Little Deer Indicated 2,029 2.33 4.12 0.13 0.03 104.2 47.2
Little Deer Inferred 5,882 1.78 2.16 0.05 0.02 230.9 105.0
Whalesback Indicated 854 1.67 1.79 0.03 0.01 31.4 14.2
Whalesback Inferred 294 1.85 2.32 0.03 0.02 12.0 5.6
Total Complex Indicated 2,883 2.13 3.43 0.1 0.02 135.4 61.4
Total Inferred 6,176 1.79 2.17 0.05 0.02 243.8 110.6