Company
ASX:RTR
Normal 0 false false false EN-AU X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";} Rumble Resources Ltd (ASX:RTR) is an Australia-based company engaged in the acquisition and exploration of base and precious metal projects. The company’s flagship Earaheedy Project is about 110 kilometres north of Wiluna, Western Australia in the Earaheedy Basin. It has two 100%-owned exploration licenses ELA69/3787 and ELA69/3862 and a 75%-owned E69/3464. The company’s other projects include Western Queen, Fraser Range, Lamil, Munarra Gully, Braeside, Warroo and Wardawarra.
123 stories · page 4 of 7
Rumble owns 35 kilometres of the Western Queen Shear Zone (WQSZ) which hosts the Western Queen resources, with exceptional potential for further discoveries and delineation of new mineral resources.
The company recently appointed Peter Venn as a non-executive director, Ben Jones as group consultant geologist and Luke Timmermans as senior project manager - Earaheedy Project.
The company has appointed Peter Venn as a non-executive director, Ben Jones as group consultant geologist and Luke Timmermans as senior project manager - Earaheedy Project
The ASX-lister has consolidated its holding at the Pilbara-based zinc-lead-silver-copper play, which hosts a series of lucrative prospects over a 60-kilometre-long mineralised system.
Around 2,500 metres of a major 30,000-metre RC and DD drilling program has been completed at Earaheedy, with drilling set to begin at higher-grade zones once the overall scale of the Chinook prospect is delineated.
The next stage of drilling sees the start of a major 30,000-metre program aimed at extending the discovery and scoping out potential resources.
This major multi-rig drill program will follow up the recent major zinc-lead discovery at the Chinook prospect.
Shares were more than 28% higher intra-day to A$0.705, a new record high for the company, which has a market cap of approximately A$292.7 million.
Results from two recent reverse circulation holes at Chinook Prospect of the Earaheedy JV Project in Western Australia have confirmed a zinc-lead discovery.
The drilling results have only tested 2 kilometres of the 45 kilometres of prospective mineralised strike - underlining the potential for a large-scale zinc-lead system at the Chinook Prospect.
RC drilling was undertaken at the two sandstone-hosted, shallow, flat-lying zinc-lead discoveries – Chinook and Magazine prospects.
Drilling was undertaken at the company’s two sandstone-hosted, shallow, flat-lying zinc-lead discoveries – the Chinook and Magazine prospects.
Rumble is targeting large tonnage, flat-lying, near-surface sandstone-hosted zinc-lead deposits at its Earaheedy Zinc-Lead-Silver Project in Western Australia.
The Earaheedy project, which is around 110 kilometres north of Wiluna, Western Australia, is 75% owned by RTR and 25% by Zenith Minerals Ltd (ASX: ZNC).
The company has multiple catalysts with a pipeline of projects capable of world-class discoveries across seven gold and base metal projects in Tier 1 regions in Western Australia
The company has a clear strategy to generate a pipeline of projects at various stages of development.
Multiple narrow intervals of primary copper sulphide mineralisation with low-level gold and multi-element pathfinder anomalism were intersected in two diamond drill holes spaced 800 metres apart along the eastern flank of the Lamil Main Dom
The company’s technical director Brett Keillor has discovered multiple deposits that turned into mines with majors Resolute and Independence Group.
The style of mineralisation has very similar characteristics to known large-scale Chibougamau gold-copper shear vein-type deposits in the eastern part of the Archaean Abitibi Greenstone Belt in Quebec, Canada.
Of significance is that the drilling is shallow at an average 50 metres depth, with mineralisation open in all directions.
