Rumble Resources Limited (ASX:RTR) has confirmed a potentially significant high-grade tungsten discovery at the Western Queen Gold Project. The company received tungsten assays from selected drill pulp samples from seven holes drilled in 2021, which have revealed significant intersections, indicating the potential for a substantial tungsten resource at Western Queen.
Peter Harold, Managing Director and CEO of Rumble Resources, expressed excitement about the significant tungsten discovery at Western Queen. He praised the exploration team's work and highlighted the potential for calculating a resource without additional drilling, pending positive results from future analysis. Harold also emphasized the company's focus on monetizing the substantial gold resources at Western Queen in the near term.
The high-grade tungsten assays from the drill pulp samples confirm a potentially significant discovery at Western Queen, with the potential for a substantial tungsten resource. Rumble Resources plans to further analyze historical drilling data to classify an initial resource estimate. The company's focus on monetizing existing gold resources at Western Queen indicates a near-term strategy. Tungsten's critical and strategic importance, along with its limited substitution options, underlines the significance of this discovery. The outlook for Rumble Resources includes the potential for a high-grade tungsten resource at Western Queen, complementing its existing substantial gold resources.