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RTR - RUMBLE RESOURCES LIMITED


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Overview

• A 5,000m program of reverse circulation (RC) drilling has recently commenced at the Lamil Project. 
• The drilling will test four previously undrilled targets. The Sundew, Flame Pea North and Flame Pea South targets will be tested for copper gold mineralisation proximal to major regional structures. The Foxtail target will be tested for Nifty style copper mineralisation. 
• The diamond drilling program that commenced in June at Lamil is almost complete. Four diamond holes for 1,584m have been completed at the Lamil Dome Prospect. Drilling is currently underway at the Goodenia target and once completed the rig will move to the final hole of the program at the Firebush target. 
• AIC Mines has recently met the expenditure requirement to earn a 50% interest in the Lamil Project from Rumble Resources Limited.

Rumble can now elect to form a joint venture in which AIC Mines and Rumble will each hold a 50% interest and contribute equally to exploration expenditure moving forward. If Rumble does not elect to form the joint venture, then AIC Mines can elect to earn an additional 15% interest by sole funding a further $4 million in exploration expenditure within 12 months.

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a trader noted this:

Quote

Of particular interest was the fact that of the 1.62 million shares traded today, almost 1.2 million were traded after 3pm. Someone came in late in the day and started swooping up shares. That is a clear indicator that news is likely due early next week.

and sure enough, today:

Screen Shot 2022-08-15 at 11.52.47 am.png
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then there was the chatsheet gossip over the weekend :

Companies that have made three of the best discoveries in recent years are on sale at big discounts. Garimpeiro is talking about De Grey (ASX:DEG) and its Hemi gold discovery in the Pilbara, Chalice (ASX:CHN) and its Julimar nickel copper PGE discovery on the doorstep of Perth, and Rumble (ASX:RTR) and its Earaheedy zinc lead silver discovery north of Wiluna

https://stockhead.com.au/resources/barry-fitzgerald-gold-big-discoveries-going-cheap-come-and-get-your-gold/?

 so, how is the price action going? Very well, it would seem:

image.thumb.png.b01542ed89313985896560d421965eb3.png

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