Rumble Resources (ASX:RTR) found high-grade mineralization at its Western Queen South project, extending over 500 meters below the surface and boosting confidence in its resource growth potential, according to a Thursday filing with the Australian bourse.
The company plans to deliver an updated gold mineral resource estimate for the Western Australian project before commencement of mining, which is scheduled for the second half of the year, per the filing.
Shares fell around 6% in recent trading on Thursday.