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

Last updated: 16:35 02 Mar 2021 AEDT, First published: 16:16 02 Mar 2021 AEDT

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.

Rumble Resources well funded to advance Earaheedy with $11.1 million raise

Rumble Resources Ltd (ASX:RTR, OTC:RTRFF) MD Shane Sikora tells Proactive the company is raising up to $11.1 million through a strongly supported $8.1 million placement, supplemented by up to $3 million in a share purchase plan (SPP). The funds will go towards continuing to advance the Earaheedy...

on 15/8/23