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Rumble Resources Boosts Western Queen Gold Resources and Explores Underground Mining

Story Highlights
  • Rumble Resources has increased its Western Queen Gold Project resources by 29% in ounces and 53% in grade.
  • The company is exploring underground mining to potentially improve the project’s economic returns.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rumble Resources Boosts Western Queen Gold Resources and Explores Underground Mining

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Rumble Resources Limited ( (AU:RTR) ) just unveiled an update.

Rumble Resources Limited has announced a significant upgrade to its Mineral Resource Estimate (MRE) at the Western Queen Gold Project, with a 29% increase in total ounces and a 53% increase in grade, bringing the estimate to 370,000 ounces at 3.1g/t Au. This development includes a substantial growth in resources at the Western Queen South deposit, and the company is now exploring the potential for underground mining, which could enhance the project’s economic viability compared to the previously considered open pit approach.

More about Rumble Resources Limited

Rumble Resources Limited is a company in the mining industry, focusing on the exploration and development of gold resources. The company is primarily involved in the Western Queen Gold Project, which is located in Western Australia and is strategically positioned near several gold processing facilities.

Average Trading Volume: 1,535,427

Technical Sentiment Signal: Sell

Current Market Cap: A$25.2M

Learn more about RTR stock on TipRanks’ Stock Analysis page.

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