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Highlights
- Rumble Resources commences a 20,000-meter drilling program at Western Queen.
- Drilling targets gold resource expansion and tungsten mineralization.
- Project focuses on high-grade extensions across multiple deposits.
Rumble Resources (ASX:RTR) has launched a 20,000-meter drilling campaign at the Western Queen Gold-Tungsten Project in Western Australia. The initiative seeks to enhance the existing 288,600-ounce gold resource and target new high-grade gold zones. This comprehensive program includes up to 15,000 meters of reverse circulation (RC) and 5,000 meters of diamond drilling under a drill-for-equity arrangement with Topdrill.
The company is focusing on high-grade plunging shoots across key deposits, including Western Queen South (WQS), Princess, Duke, Marquis, and Western Queen Central (WQC). Rumble recently reported a 76% increase in resources at Western Queen, reaching 4.42 million tonnes at 2.02 g/t gold. Mineralization remains open along a 2.7-kilometer strike zone, presenting opportunities for further resource growth.
Two-Phase Drilling Program
The campaign will proceed in two phases. The initial phase, expected to finish this year, involves 7,500 meters of RC drilling and 1,250 meters of diamond drilling. Phase two, slated for early next year, will refine targets based on first-phase results. Together, these efforts aim to uncover deeper, high-grade extensions.
Resource Expansion Potential
Western Queen’s strategic location near three processing plants provides logistical advantages. The Dalgaranga plant, 48 kilometers away, and others like Checkers and Tuckabianna, offer potential toll-treatment options, enhancing the project's feasibility.
The drilling campaign targets significant zones, including beneath WQS and WQC open pits, to discover high-grade gold and tungsten mineralization. Promising historical results include:
- 4 meters at 49.73 g/t from 134 meters at WQS.
- 6.4 meters at 36.09 g/t from 305.7 meters at WQC.
- 8 meters at 26.27 g/t from 14 meters at Duke.
The Princess deposit also shows potential, with historical results such as 11 meters at 6.11 g/t gold from 52 meters.
Innovative Funding Strategy
Rumble’s drill-for-equity agreement with Topdrill allows the company to issue shares to cover up to 50% of drilling costs. Shares are issued based on the five-day volume-weighted average price (VWAP) before each invoice, subject to a $1 million cap.
This strategic arrangement underscores Rumble’s commitment to advancing Western Queen while optimizing financial resources. The drilling outcomes are anticipated to contribute to a substantial mineral resource update in 2025, solidifying Western Queen’s status as a significant gold-tungsten project.
