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- Rumble Resources (RTR) posts a maiden inferred mineral resource estimate for its Earaheedy project in Western Australia
- The estimate is pit-constrained and comprises 94 million tonnes at 3.1 per cent zinc and lead and 4.1 grams per tonne (g/t) silver
- According to RTR Managing Director Shane Sikora, the MRE confirms the Earaheedy project as one of the largest zinc sulphide discoveries globally over the last decade
- Rumble’s next drilling program is scheduled for May and will focus on resource extensions and new discoveries
- RTR shares have gained almost 24 per cent since the release of the resource on Wednesday, trading at 23 cents on Thursday morning
Rumble Resources (RTR) on Wednesday posted a maiden inferred mineral resource estimate for its Earaheedy project in Western Australia.
The estimate is pit-constrained and comprises 94 million tonnes at 3.1 per cent zinc and lead and 4.1 grams per tonne (g/t) silver.
It contains metal of 2.2 million tonnes of zinc, 600,000 tonnes of lead and 12.6 million ounces of silver.
According to Rumble Managing Director Shane Sikora, the resource estimate confirms the Earaheedy project as one of the largest zinc sulphide discoveries globally over the last decade.
“Achieving a maiden JORC-compliant mineral resource estimate of this size and significance in 24 months post-discovery is a tremendous effort by the technical team and especially Brett Keillor,” Mr Sikora said.
“Myself and the team are really excited as we believe we have only scratched the
surface on the discovery front, and can’t wait to see the drill rigs turning again next month.”
The project deposits remain open in all directions, with less than 35 per cent of the 45-kilometre-long mineralised unconformity unit drilled to date and some thick underlying geologically fertile formations yet to be tested.
Rumble’s next drilling program is scheduled for May and will focus on resource extensions and new discoveries.
In parallel with the exploration campaign, the company plans to complete beneficiation and initial scoping studies.
RTR shares have gained almost 24 per cent since the release of the resource on Wednesday, trading at 23 cents on Thursday morning.
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