Rumble Resources Limited (ASX: RTR) has completed key drill programmes to follow up its early success on the Western Queen, Earaheedy and Munarra Gully projects in Western Australia.
Drilling has been completed, designed to test for:
- Further high-grade gold down-plunge extensions (diamond core drilling) to the Western Queen Central high-grade gold deposit.
- Extension of mineralisation (RC drilling) to the north of the Western Queen Central high-grade deposit.
- Extension of mineralisation (RC drilling) north and south of the Western Queen South deposit and confirm mineralisation at the Western Princess Shoot.
Managing Director, Shane Sikora, said Rumble will announce exploration results upon receipt of assay results and completion of analysis.
“Rumble had an amazing start to 2020 announcing a high grade 6m @ 34.24 g/t gold discovery at the Western Queen Project, a 7km large scale copper-gold system discovery at the Munarra Gully Project and two large scale Zn-Pb-Ag discoveries at the Earaheedy Project, all located in Western Australia,” Mr Sikora said.
“Rumble fast tracked exploration following up these discoveries with three exciting drill programmes, which have now been completed and results are pending.
“These impending results along with the drill targets recently announced by our JV partner AIC Mines at the Lamil Project in the Paterson Province provide shareholders with multiple near-term opportunities for a significant re-rating.
“The Rumble board is closely monitoring the ongoing Covid-19 outbreak and has developed clear strategies on various scenarios.
“The company is in a fortunate position of having a strong cash balance, all planned exploration completed, and all its projects located in Western Australia. This provides flexibility where we can continue exploration or see through this period of instability, putting the company in a fantastic position for 2020 and beyond.
Mineral exploration is deemed an essential service under current state emergency regulations in Western Australia enabling Rumble to continue exploration activities whilst strictly complying with all Government directives and adhering to strict company safety guidelines.