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- Rumble Resources (RTR) has discovered a high-grade mineralised system at the Chinook prospect within the Earaheedy project, Western Australia
- Drilling returned an intercept of 0.4 metres at 4450 g/t silver, 3.37 per cent copper and 2.5 per cent zinc, with follow-up assessment identifying the area as a polymetallic system
- The company says the discovery adds “significant potential” for copper and silver-dominant deposits that are yet to be tested
- Rumble is now generating targets to test the newly defined system with angled holes that will form part of upcoming planned drill programs
- Shares in Rumble are up 6.98 per cent, trading at 23 cents as of 12:42 pm AEDT
Rumble Resources (RTR) has discovered a high-grade mineralised system at the Chinook prospect within the Earaheedy project, Western Australia.
The company undertook diamond drilling to target zinc-lead mineralisation which resulted in finding vertical structure-related copper and silver with associated molybdenum, tungsten and nickel.
Results include 0.4 metres at 4450 grams per tonne (g/t) silver (or 144 ounces per tonne), 3.37 per cent copper, 0.52 per cent tungsten, 2.5 per cent zinc, 0.98 per cent lead and 0.3 per cent nickel from 115.3 metres.
A follow-up technical assessment identified the polymetallic system as a separate mineralising event to the unconformity and Mississippi valley-type (MVT)-style zinc-lead mineralisation.
The company said the discovery has added “significant potential” for copper and silver dominant deposits within the project that are yet to be drill targeted and tested.
Though the scale of the polymetallic mineralisation is unknown, Rumble believes the mineralisation is likely to extend well beyond the current limits of the Chinook prospect.
Further assessment has begun to generate targets to test the newly-defined, high-grade polymetallic fault system with angled holes that will form part of upcoming planned drill programs.
The drilling will test potential high grade east-west and northwest-southeast feeder structures that have been recently outlined via litho-structural mapping and geophysical interpretation.
Shares in Rumble were up 6.98 per cent, trading at 23 cents as of 12:42 pm AEDT.
