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.