Rumble Resources Ltd (ASX:RTR) Reports High-Grade Tungsten Discovery
Tungsten Discovery Highlights
Rumble Resources Ltd (ASX:RTR) has confirmed a potentially significant high-grade tungsten discovery at its Western Queen Project. Recent assays from pulp samples have returned remarkable results, including a significant intersection of 3m @ 0.52% WO3, further complemented by numerous other assay highlights. The assays reveal a continuous 1,300m strike of tungsten mineralisation, which remains open in all directions.
Key assay results from the project include:
– 3m @ 0.52% WO3 from 86m (WQRC118), with 1m @ 1.24% WO3
– 2m @ 0.51% WO3 and 0.44g/t Au from 68m (WQRC028)
– 3m @ 0.42% WO3 from 146m (WQRC179), among others
These results coincide with previously reported high-grade assays, including a standout intersection of 4.05m @ 4.58% WO3 from 174.85m. The expanding high-grade tungsten mineralisation suggests significant resource potential in the Western Queen area.
Future Drilling Plans
Rumble Resources is currently engaged in a drill program comprising 15,000m of Reverse Circulation (RC) and 5,000m of diamond drilling. This extensive program aims to explore both gold and tungsten mineralisation. The company anticipates that sufficient data will be collected to classify a maiden tungsten resource estimate by 2025. The current operations also include the collection of coarse-grained scheelite for preliminary metallurgical test work set to begin in early 2025.
Peter Harold, Managing Director and CEO, commented, “We are delighted that the reassaying of the 2021 drill pulps has returned more tungsten results, confirming that we have potentially made a significant high-grade tungsten discovery.”
Market Context
The global demand for tungsten is on the rise, driven by its critical applications in various industries, from semiconductor production to military applications. As supplies from China decline, Rumble Resources is positioning itself to meet this growing demand with the development of its tungsten resource.
The company’s exploration at Western Queen indicates robust potential, with possible significant gains in tungsten and gold resources anticipated.
Motley Fool contributor Lauren Surplice 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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