from https://www.resourcesrisingstars.com.au/news-article/goldman-turns-raging-copper-bull-names-sandfire-way
RUMBLE RESOURCES (RTR):
There’s lots of excitement in Perth mining circles about what Rumble (RTR) is on to at its Earaheedy zinc-lead project, 110km north of Wiluna.Mentioned here last August when it was a trading at 16.5c on the strength of its strategy of having many horses in the exploration stakes race, Rumble traded up to 18c on Wednesday for a $96m market cap before going into a trading halt pending latest assay results from an expanded drilling campaign at the property.The drilling has been targeting a big tonnage, flat-lying and near surface sandstone hosted zinc-lead deposit and based on previous work, Rumble has previously been able to point to a justifiable “exploration target” of 40m-100m tonnes at a grade ranging from 3.5%-4.5% zinc-lead.The buzz is that the latest drill results suggest that the upper end of the exploration target – if not more - is indeed realistic.If that proves to be the case, then Earaheddy could shape up as a project of State significance, which when you’re talking about a WA location, means national significance as well.The grade would not excite if it were deep underground.But Earaheedy’s credentials around significance comes from its likely big tonnage and open-pit potential, with the mineralisation being 20m-80m from surface. The super soft sandstone host also makes for easy mining.Early days yet and best to wait for Monday’s expected release of the latest drilling results. But assuming assays from the big step out holes come in at around 4% zinc-lead, the number crunchers will get to work on just what is Earaheedy’s upside.As a very crude measure, 100mt of 4% zinc-lead equates to roughly 6Moz of gold. It is wrong to be making the comparison in many ways. But it does go to why there is a buzz around Rumble, and what it reports on Monday from Earaheedy, remembering the sandstone unit goes on, and on.As mentioned last August, Rumble’s managing director Shane Sikora and technical director Brett Keillor (twice winner of AMEC’s “Prospector of the Year Award”) set out with a strategy some years back to position the company to having half a dozen or so exploration projects on the go to improve its chances of success.Earaheedy could well be the game changer they have been looking for, remembering that at this stage, a big chunk of the current market cap is covered by the advanced Western Queen gold deposit, along with other base and previous projects Rumble has on the go, either to its own account, or in joint ventures.
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3.0¢ |
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Mkt cap ! $15.88M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.0¢ | $22.96K | 724.2K |
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No. | Vol. | Price($) |
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3 | 186243 | 3.0¢ |
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Price($) | Vol. | No. |
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3.3¢ | 39155 | 1 |
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No. | Vol. | Price($) |
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3 | 186243 | 0.030 |
2 | 108620 | 0.029 |
2 | 171602 | 0.028 |
1 | 100000 | 0.027 |
1 | 19248 | 0.026 |
Price($) | Vol. | No. |
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0.033 | 39155 | 1 |
0.036 | 70000 | 1 |
0.037 | 92500 | 2 |
0.038 | 4642 | 1 |
0.040 | 50000 | 1 |
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