PriceSensitive

Rumble Resources (ASX:RTR) confirms major zinc–lead discovery at Chinook

Mining
ASX:RTR      MCAP $43.57M
19 April 2021 11:20 (AEST)

Rumble Resources (RTR) has confirmed a major zinc–lead discovery at the Chinook Prospect in Western Australia.

The Chinook Prospect is part of the Earaheedy Project, which lies roughly 110 kilometres north of Wiluna and is held in joint venture with Zenith Minerals (ZNC) who owns 25 per cent.

All up, Rumble drilled 33 reverse circulation (RC) holes, for 3593 metres, across the Chinook and Magazine prospects.

26 RC holes were drilled at the Chinook Prospect to test more than 2000 metres of strike.

All holes intersected visual zinc-lead mineralisation and results have been received for two.

Results include 34 metres at 4.22 per cent zinc and lead from 66 metres including 17 metres at 6.65 per cent zinc and lead from 73 metres.

Additionally, the results highlighted the potential for a large-scale zinc-lead system as only two kilometres of the 45-kilometre strike was tested.

Seven RC holes, totalling 940 metres, were drilled at the Magazine Prospect to test for potential strike extensions to previously defined mineralisation.

Results are pending for all holes and are will be received in due course.

Rumble is expected to undertake further drilling at the Earaheedy Project over the next 12 months to test additional targets.

Shares in Rumble are up a healthy 69.4 per cent and are trading at 30.5 cents at 10:38 am AEST.

Related News