Quarterly Activities Report
Perth, April 26, 2018 AEST (ABN Newswire) - Rumble Resources Ltd (
ASX:RTR) (20Z:FRA) ("Rumble" or "the Company") is pleased to provide an update in respect to the Company's activities during the March 2018 quarter.
Highlights
Braeside - High Grade Zn-Pb-Cu-Ag-V Project
- Geological mapping and detailed sampling aimed at generating drill targets has commenced. Includes follow up of the new Devon Cut high grade zinc discovery and delineating new high order drill targets
- First drill program for 2018 on track to commence late May 2018
Munarra Gully - High Grade Cu-Au Project
- Signed binding option agreement 27th February
- Ground TEM (transient electromagnetic) traverses over the White Rose prospect targeting semi to massive copper +/- nickel sulphide conductors has commenced.
- Orientation soil sampling completed over magnetic features
- Drilling on track to commence late April 2018
Nemesis - High Grade Au Project - New Option Agreement
- Signed binding option agreement 6th March
- Mapping and analysis to determine the plunge extent of the historic high-grade gold mine to generate drill targets has commenced
- Drilling on track to commence late April 2018
Earaheedy - High Grade Zn Project
- Partial leach soil sampling completed (awaiting assays) over gravity targets
- EIS Application Lodged
- Drilling scheduled for July 2018
Fraser Range Ni-Cu Projects, Western Australia - IGO JV
- IGO commenced exploration, 12000m drilled and results pending
Corporate
- Fully funded to complete scheduled drill programs with $4.38mil cash in bank
- Rumble lodged R&D tax return and expects to receive a $120k refund
To view the full report, please visit:
http://abnnewswire.net/lnk/519Z0YP0
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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