Help Desk -
9958816305, 9810335381

Rumble Resources Panache Project Drilling Update

Mining News - Published on Mon, 11 Nov 2019

Image Source:
Rumble Resources reported that final assay results from the recent Panache Project drill program returned low tenor copper, nickel and PGE from massive pyrrhotite and pyrite associated with highly deformed siliceous metasediment in contact with gabbro. Massive iron sulphides were remobilised along a wide shear zone and correlate with two parallel conductors previously defined by a ground transient electro-magnetic survey. Rumble's Managing Director, Mr Shane Sikora, said "Rumble's clear strategy is to generate and option a pipeline of quality base and precious metal projects capable of low cost exploration to drill test for world class high grade discoveries, providing multiple avenues to discovery. Whilst the Panache results are disappointing, the Board's strategy mitigates the reliance on one project's exploration results. In line with our strategy Rumble has 8 near term catalysts on 7 projects prior to the end of December 2019, providing multiple opportunities for a significant re-rating".

Rumble will now complete a final review before making a decision on the project.

Source :

Posted By : Rabi Wangkhem on Mon, 11 Nov 2019
Related News from Mining segment