viewRumble Resources Ltd

Rumble Resources non-executive director shows confidence in exploration strategy with on-market purchase

The company has a clear strategy to generate a pipeline of projects at various stages of development.

Rumble Resources Ltd -
Matthew Banks purchased 250,000 shares on-market with a value of $25,000 in an indirect interest.

Rumble Resources Ltd (ASX:RTR) (FRA:20Z) non-executive director Matthew Banks has demonstrated his confidence in the company's gold-copper-silver exploration strategy through acquiring shares in on-market transaction.

Banks purchased 250,000 shares on March 1 with a value of $25,000 in an indirect interest, increasing the total number of securities held in that interest to 2.5 million.

He also holds 3.25 million shares in a direct interest along with 7.5 million and 6 million in two other indirect interests.

Primary copper sulphide results

The company recently welcomed strong assay results from a maiden drilling program completed by joint venture partner AIC Mines Ltd (ASX:A1M) (OTCMKTS:IAUFF) at Lamil Gold-Copper Project in WA’s Paterson Province.

Results have confirmed primary copper sulphide mineralisation with low-level gold and multi-element pathfinder anomalism.

According to Rumble, these results are highly encouraging, particularly given the wide spacing of the drilling program.

Multiple narrow intervals of primary copper sulphide mineralisation with low-level gold and multi-element pathfinder anomalism were intersected in the final two diamond drill holes of the program spaced 800 metres apart along the eastern flank of the Lamil Main Dome.

Quick facts: Rumble Resources Ltd

Price: 0.16 AUD

Market: ASX
Market Cap: $85.15 m


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