Rumble Resources Limited (ASX:RTR) Reports High-Grade Gold and Tungsten Intersections
Drilling Results
Rumble Resources Limited (ASX:RTR) has announced high-grade gold and tungsten intersections from its diamond drilling program at the Western Queen Project. Notable gold intersections include 6.93m at 4.10g/t Au and 0.3m at 32.38g/t Au. Significant tungsten assays include 24.6m at 0.62% WO₃, with peaks of 10.53% WO₃.
Tungsten Mineralisation
Petrographic studies confirm that the tungsten mineralisation represents an early prograde endoskarn event, predating the orogenic gold mineralisation. The high-grade tungsten remains open in all directions, with historical diamond core sampling completed and assays expected in June. The maiden tungsten Mineral Resource Estimate is on track for completion in the September quarter.
Future Plans
Rumble Resources plans to incorporate the tungsten revenue stream into the Western Queen South gold open pit resource. Metallurgical test work is being conducted to determine the viability of concurrent mining operations for gold and tungsten.
Executive Comments
Peter Harold, Managing Director and CEO, stated, “Great to see some more good results from the last drilling program at Western Queen, especially the tungsten numbers. The gold hits are positive too. We are delighted with the way the tungsten is shaping up. Early indications are that the tungsten could add significant revenue when mined in conjunction with the Western Queen South gold open pit resource. We are very much looking forward to releasing the maiden tungsten resource and the metallurgical test work results.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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