The Earaheedy Project. Source: Rumble Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Rumble Resources (RTR) discovers a new zone of zinc-lead-silver sulphide mineralisation within its Earaheedy project northeast of Wiluna in Western Australia
  • The new zone, titled Tonka is located eight kilometres southeast of the Chinook discovery and is said to be open in all directions with potential to increase dimensions
  • Rumble has subsequently increased its 2021 drilling program to over 50,000 metres with the aim of defining the limits of this new zone
  • Shares have been trading 3.61 per cent lower at 40 cents

Rumble Resources (RTR) has discovered a new zone of zinc-lead-silver sulphide mineralisation within its Earaheedy project northeast of Wiluna in Western Australia.

Named the Tonka discovery, the new zone was uncovered during the company’s ongoing scoping drill program across the project.

It reportedly has an initial footprint of 1.7 kilometres strike and one kilometre down dip length, remaining open in all directions.

According to Rumble, the discovery has similar geological characteristics to the Chinook Discovery, which is located eight kilometres to the southeast.

In October, the company reported intersecting new mineralisation at Chinook following a reverse circulation drilling program that returned best results of eight metres at 5.2 per cent zinc and lead, and 9.57 grams of silver per tonne (g/t) from 133 metres and 21 metres at 16g/t silver from 88 metres.

The mineralisation at Tonka is defined on three broad lines 500 and 750 metres apart. Initial assays returned 22 metres at 4.27 per cent zinc and lead, with 5.4 g/t silver from 110 metres in one hole which included 5.82 per cent zinc and lead, with 4.35 g/t silver from further down at 121 metres.

Another hole returned five metres at 5.03 per cent zinc and lead with 9.74 g/t silver from 101 metres.

Additionally, the company identified wide zones of lower grade zinc-lead mineralisation in a fractured and faulted purple shale zone below the zones that host Chinook and Tonka at the southwest end of the new discovery.

Rumble said the results provide further evidence of the potential for large-scale deposits below the unconformity, which remains untested.

Moving forward, the company has extended its drilling program to over 50,000 metres with the aim of defining the limits of the Tonka zone.

Managing Director, Shane Sikora said the latest discovery is in line with the company’s predictions of uncovering further mineralisation.

“The ongoing regional scoping drilling success has emphasized the potential for more discoveries in multiple host units throughout the 45km’s of strike, highlighting we have only started to scratch the surface of unlocking the world class potential of the Earaheedy Project,” he said.

Further, assay results are expected over the coming weeks.

Shares were down 3.61 per cent to trade at 40 cents at 12:38 am AEDT.

RTR by the numbers
More From The Market Herald
X2M Connect (ASX:X2M) - Chief Operating Officer, Keith Jelley

" X2M Connect (ASX:X2M) signs two service contracts in South Korea

X2M Connect (ASX:X2M) has secured two new Software-as-a-Service (SaaS) and maintenance contracts with Gochang County and…
North Stawell Minerals (ASX:NSM) - Non Executive Chairman, Jerry Ellis

" North Stawell Minerals (ASX:NSM) extends Gellatlys gold trend to 3.5km

North Stawell Minerals' (ASX:NSM) recent aircore drilling program has extended the Gellatlys gold trend to 3.5…

" Rafaella Resources’ (ASX:RFR) Santa Comba shows improved recoveries

Rafaella Resources (ASX:RFR) has revealed positive metallurgical testwork results from the Spanish Santa Comba project which…
Raiz Invest (ASX:RZI) - CEO, George Lucas

" Raiz Invest (ASX:RZI) FUM surpasses $1 billion

Raiz Invest (ASX:RZI) has reported its funds under management (FUM) has passed the $1 billion benchmark…