Quarterly Activities and Cashflow Report
Perth, April 27, 2020 AEST (ABN Newswire) - Rumble Resources Ltd (
ASX:RTR) (20Z:FRA) is pleased to provide an update in respect to the Company's activities during the March 2020 quarter.
Munarra Gully Au-Cu-Ag-Zn Project, Cue, Western Australia
1. Amaryllis Prospect - drilling confirmed a large-scale Gold Copper Silver system
Lamil Cu-Au JV Project - AIC Mines, Paterson Province, Western Australia
2. Multiple new copper-gold targets identified by JV Partner AIC Mines - drilling planned
Earaheedy Zn-Pb-Ag Project, Wiluna, Western Australia
3. Drilling completed following up two (2) significant large-scale sandstone hosted Zn-Pb-Ag discoveries - assays pending
Western Queen Au Project, Mt Magnet, Western Australia
4. Drilling completed following up high-grade 6m @ 34.24 g/t Au discovery - assays pending
Fraser Range Ni-Cu-Au JV Project - IGO, Fraser Range, Western Australia
5. Drilling planned to follow up significant high-grade gold discovery on the Thunderstorm project and exploration planned for the Thunderdome project
Braeside/Barramine Zn-Pb-Cu-Ag-V Project, Pilbara, Western Australia
6. Fourteen (14) high priority targets have been identified - desktop refinement of drill targets planned
Warroo Cu-Zn-Pb-Ag-Au-U-Pt Project, East Pilbara, Western Australia
7. Multiple drill targets defined as prospective for VMS, stratiform replacement, intrusive related Cu-Zn-Pb-Ag-Au & Au-U-Pt (unconformity related type) deposits - desktop refinement of drill targets planned
Exploration Operations
- Rumble's projects are now all located in Western Australia after providing formal notice it has withdrawn from the option agreements for the Long Lake and Panache Projects in Sudbury, Canada. Mineral exploration is deemed an essential service under current state emergency regulations in Western Australia enabling Rumble to continue exploration activities whilst strictly complying with all Government directives and adhering to strict Company safety guidelines.
Corporate
- Strong cash position of $2.9m at end of March quarter
To the full report, please visit:
https://abnnewswire.net/lnk/A8QGX254
About Rumble Resources Ltd
Rumble Resources Limited (ASX:RTR) (FRA:20Z) is an Australian based exploration company, officially admitted to the ASX on the 1st July 2011. Rumble was established with the aim of adding significant value to its current gold and base metal assets and will continue to look at mineral acquisition opportunities both in Australia and abroad.
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