Rumble Resources (ASX:RTR) is conducting further geological interpretation of the Mato prospect, within its Earaheedy Project in Western Australia, amid returning ‘significant high-grade’ drill results.
The $46.94 million market capitalisation company says the geological interpretation aims to maximise the planned drilling campaigns for 2024, which will focus on intersecting the ‘high-grade’ mineralising features within Mato.
Rumble reports the latest drill results highlight a potential 3km by 3km area of ‘high-grade’ zinc-lead (Zn-Pb) mineralisation at the Mato prospect, which is considered ‘highly prospective’, up dip to the southwest and along strike, and likely leads to additional resource growth at the project.
Drilling has extended sulphide mineralisation to over 1,600m along the original discovery section and preliminary geological interpretation has outlined multiple faults, interpreted to potentially represent feeder structures that control the distribution of ‘higher grade’ Zn-Pb sulphide mineralisation throughout Mato.
Future reverse circulation (RC) drilling programs will be aimed at defining the zinc-lead-silver and base metal system within the 70km long Navajoh Unconformity Unit, with emphasis on discovering and infilly on new and existing ‘high-grade’ zones.
In the short term the focus of this work will be on the company’s joint venture tenement (E69/3464), and its other 2 wholly owned tenements.
Upon completing these activities, the company plans to undertake initial supporting Scoping Studies for the Earaheedy Project, following flotation optimisation and beneficiation testing, which will aim to consider some of the possible future development scenarios/options.
Heritage clearances have also been recently received allowing future extensional drilling throughout the outlined 3km by 3km Mato target area.
Further heritage surveys are being planned for additional drilling along the Mato trend outside of this particular area.
Rumble Resources is an Australian-based explorer focused on its Earaheedy project that lies 110km northeast of Wiluna in Western Australia and is considered to be prospective for zinc, lead, and silver.
As of 31 December 2023, the company had $3.685 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Rumble Resources
