Rumble Resources high-grade RC results point to large-scale zinc-lead-silver system at Earaheedy
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. Rumble is at the start of uncovering the scale of a zinc-lead discovery at the Chinook prospect.
Rumble Resources Ltd (ASX:RTR) (FRA:20Z) has fielded new high-grade reverse circulation (RC) results pointing to a large-scale zinc-lead-silver system at the Earaheedy Project in Western Australia.
New drill results at Chinook prospect include 23 metres at 4.1% zinc and lead from 103 metres at a 0.5% zinc+lead cut-off, including 17 metres at 5.21% and 6.2 g/t silver from 103 metres with a 2% zinc+lead cut-off.
Rumble Resources in trading halt with capital raising announcement pending
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 halt will remain in place until April 28 or when an announcement is released to the market.
Rumble Resources Ltd (ASX:RTR) has been granted a trading halt with an announcement pending in regard to a proposed capital raising.
The halt will remain in place until the beginning of regular trade on Wednesday, April 28, or when an announcement is released to the market, whichever occurs earliest.
Shares last traded at 55 cents after hitting a new record of 59.5 cents last week while the company’s market cap is approximately $292.7 million.
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