Join our daily newsletter At The Bell to receive exclusive market insights
- Rumble Resources (RTR) is granted two new tenements in Wiluna, Western Australia, that extend the area of its Eareheedy zinc-lead-silver-copper project
- The tenements, which are wholly owned by Rumble, more than double the prospective strike of the Navajoh Unconformity Unit in the project area
- The company now plans to take on some extension drilling work and surface geochemistry surveys across some key areas of its new landholding
- Rumble currently holds a 75 per cent interest in the Earaheedy project through a joint venture with fellow ASX-listed Zenith Minerals (ZNC)
- Shares in Rumble resources were up 2.56 per cent to 40 cents each at 1:39 pm AEDT, with Zenith Minerals shares down 2.56 per cent to 38 cents at the same time
Rumble Resources (RTR) has been granted two new tenements in Wiluna, Western Australia, that extend the area of its Eareheedy zinc-lead-silver-copper project.
The company said the two new tenements, which will be wholly owned by Rumble, cover 430 square kilometres and increase its landholding in the area four-fold.
Rumble currently holds a 75 per cent interest in the Earaheedy project through a joint venture with fellow ASX-listed Zenith Minerals (ZNC). Earaheedy is home to the Chinook, Tonka and Navajoh prospects.
Rumble said importantly, the newly-granted tenements more than double the prospective strike of the Navajoh Unconformity Unit to over 42 kilometres.
Further, the company said the new tenements would allow it to extend drilling west and northwest of the “very large-scale mineralisation footprint” at the Chinook prospect.
Rumble’s immediate priority will now be to take on this extension drilling work, with its main focus to be on defining the limits of the base metals discovery.
The company it is also planning to conduct a large surface geochemistry survey along the Sweetwater trend within its new landholding, which was identified through the reprocessing and interpretation of airborne magnetic data in the new area. This survey will help Rumble define new targets for drilling along the Sweetwater trend.
Over 2021, Rumble drilled 50,000 metres worth of holes across the Earaheedy project. It was through this drilling work that the company discovered the Chinook and Tonka-Magazine-Navajoh prospects, which the company said both remain open in all directions.
Around half of the assays from the completed 2021 drilling work are still outstanding.
Though it has only partially tested a small portion of the Earaheedy project, Rumble said it believes it may have discovered an emerging world-class bass metal system.
Shares in Rumble resources were up 2.56 per cent to 40 cents each at 1:39 pm AEDT. At the same time, joint venture partner Zenith Minerals was down 2.56 per cent to 38 cents.
