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Rumble Resources (ASX: $RTR) commences drilling for high-grade gold system

Rumble Resources Ltd initiates drilling program for high-grade gold system


Rumble Resources Ltd (ASX: $RTR) has commenced a diamond and RC drilling program to test high-grade gold targets at the Western Queen Gold Project in Western Australia. The project, located within the Yalgoo mineral field, is associated with a major orogenic shear zone and has historical production of 880,000t @ 7.6g/t Au for 215,000 oz. The current mineral resource stands at 2.1Mt @ 2.42 g/t Au for 163,200oz.

Peter Harold, Rumble Managing Director and CEO, on Western Queen Gold Project


As we continue with the metallurgical testwork on our Earaheedy zinc, lead, silver project we are delighted to be drilling the Western Queen Gold Project. The historical gold intersections at Western Queen are some of the highest grade gold intersections found in Western Australia today, and they warrant follow up. The system at Western Queen has already produced high-grade gold with historical gold production of 190,000 ounces from ore with an average grade of 8.9 grams per tonne from the Western Queen Central Pit. This past production shows that the system is capable of hosting further significant high-grade orebodies.

Drilling program and potential outlook at Western Queen Gold Project


Rumble Resources Ltd has initiated a diamond and RC drilling program to test the continuity of high-grade gold zones at the Western Queen Gold Project. With the historical production and current mineral resource estimate, the company aims to delineate and extend the known high-grade gold mineralisation below the Western Queen South deposit and test for a northern extension to the shallow, economic mineralisation intersected at the Duke Prospect. The project's location within a 100km radius of three operating gold processing mills provides strategic access to processing facilities. Rumble Resources Ltd sees significant potential for plunge continuity of the high-grade gold zones and aims to add significantly to the current mineral resource estimate. The company's focus on the Western Queen Gold Project aligns with its ambition to explore and develop world-class orebodies.

RUMBLE RESOURCES LIMITED
RTR | ASX | Materials
0.0390(+0%)
At close 05/07 (AEDT)
Market cap
$29.5M
Volume
1,112,941
DY Yield
0
PE Ratio
0
52 Week Range
0.033 - 0.19
1YR Return
34.483%

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