Rumble Resources Ltd (ASX:RTR) Revises Tungsten Assay Results
Rumble Resources Ltd (ASX: RTR) has announced important revisions to its previously released tungsten assay results from the Western Queen project. The company has retracted certain data to ensure compliance with ASX regulations and to clarify results to investors.
Amendments to Previous Announcement
The company has made pivotal changes to its December 9 announcement regarding high-grade tungsten assays. Rumble clarified that all pulps were analysed using the Lithium Borate Fusion method. Additionally, they retracted an inaccurate figure comparing worldwide tungsten resources and amended their JORC tables accordingly.
Rumble emphasised that the retracted figure does not conform to compliance standards and urged investors to disregard the old information. The announcement has been authorised for release by Peter Harold, Managing Director and CEO.
High-Grade Tungsten Discovery
The amended release highlighted significant tungsten assay intersections at Western Queen, thus reaffirming the project’s potential. Key assay results include intersections such as 3m @ 0.52% WO3 from hole WQRC118, showcasing the high-grade nature of the discovery. Rumble currently delineates a continuous 1,300m strike of tungsten mineralisation, which remains open in all directions.
Peter Harold commented, “The reassaying of the 2021 drill pulps returning more tungsten results confirms a significant high-grade tungsten discovery. Our team is diligently working to define and expand this resource.” Rumble is undertaking a comprehensive 20,000 metre drilling program aimed at further exploring both gold and tungsten mineralisation.
Future Outlook
The ongoing kick-off of additional drilling and a metallurgical test program in early 2025 will potentially support the forthcoming maiden tungsten resource estimate anticipated next year. The company’s proactive strategy is aimed at leveraging strong market interest in tungsten resources while potentially adding revenue streams concurrent with gold mining operations at Western Queen.
Investors are encouraged to monitor further updates as Rumble Resources progresses in its exploration and compliance efforts at the Western Queen project.
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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