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An announcement from Armada Metals Ltd. ( (AU:RCM) ) is now available.
Rapid Critical Metals has commenced drilling at its flagship Webbs Silver Project in New South Wales, with the first of two rigs now testing the southern extension of the main ore body and a newly identified parallel lode. The program is designed to step out from historic holes to expand and better define the mineralised footprint across the southern, central and northern sections of the Webbs resource.
The company has also planned a four-hole reverse circulation program at the Tangoa South Prospect, pending approvals, to advance additional targets along the same mineralised corridor. In parallel, Rapid has lodged a new exploration licence application, ELA7053, to secure highly prospective ground south of its existing tenements, consolidating control over the western periphery of the Mole Granite and strengthening its regional position for future silver and base metals discoveries.
Rapid considers the new ground in ELA7053 highly prospective for intrusion-related, structurally controlled Ag–Pb–Zn mineralisation along north–south structures that host known prospects such as Webbs Consol, Tangoa West, Tangoa South and the Isolation Prospect. With funding in place, the expanded drill and target-testing program is intended to drive resource growth and reinforce the company’s emerging district-scale footprint in the Webbs Silver region.
More about Armada Metals Ltd.
Rapid Critical Metals Limited is an ASX-listed exploration company focused on silver and associated critical metals in New South Wales. Its flagship Webbs Silver Project and surrounding tenements target intrusion-related, structurally controlled Ag–Pb–Zn epithermal mineralisation along the mineral-rich Mole Granite trend, where the company is consolidating a district-scale land position.
Average Trading Volume: 3,005,933
Technical Sentiment Signal: Sell
Current Market Cap: A$47.84M
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