Rumble Resources Ltd (ASX:RTR) is in a trading halt with material exploration results pending from the Earaheedy Zinc-Silver-Lead Project in Western Australia.
The halt will remain in place until Monday, April 19, or when an announcement is released to the market, whichever occurs earliest.
Shares last traded at 18 cents while the company's market cap is approximately $95.8 million. Since the close of trading on April 1, shares have risen from 10.5 cents.
Earaheedy Project drilling
Rumble is planning diamond drilling at Earaheedy Project, following a recent reverse circulation (RC) program at the Chinook and Magazine sandstone-hosted targets.
A diamond drill rig has been booked to follow up the RC drill program in late April.
The company’s RC program was extended to 4,000 metres in 40 holes with 3,000 metres completed and another 1,000 metres from 10 holes awaiting results.
Core from four holes has been expedited at the assay lab to ascertain grade potential with results expected shortly.