市场见解

Here’s why the Rumble Resources (ASX:RTR) share price is climbing 5%

The mineral explorer’s share price is on the rise amid promising drill results.
The post Here’s why the Rumble Resources (ASX:RTR) share price is climbing 5% appeared first on The Motley Fool Australia. –

The Rumble Resources Ltd (ASX: RTR) share price is on the rise today amid a major discovery at one of the company’s drill sites.

Rumble shares are swapping hands at 38.5 cents in morning trade, up 5.48% on yesterday’s close.

Let’s take a look at what Rumble Resources revealed today.

What did the miner discover?

Rumble Resources informed investors it has discovered significant zinc, lead, copper and silver mineralisation at its Chinook Prospect in Western Australia.

The company announced the top of a large-scale, sub-vertical feeder fault zone, intersected in drill-hole EHRC136, has returned a broad zone of zinc and lead mineralisation with multiple intersections.

As well as zinc and lead deposits, the company announced “the discovery of significant copper and silver in a northwest trending 1.7km long feeder fault zone at Chinook”.

Today’s news is a follow-up to last week’s update on strong zinc, silver and lead results at the Chinook site.

The company also reported significant zinc, lead and silver mineralisation at its Navajoh Prospect.

Located 4km southeast of the company’s recent Tonka Discovery, the company says first pass drill scoping on a single traverse intersected significant “unconformity related” zinc, lead and silver sulphide mineralisation, similar to the Chinook and Tonka Prospects.

It’s more good news for Rumble which has been drilling at its 75%-owned Earaheedy Project, located 110km northeast of Wiluna in Western Australia. Zenith Minerals Ltd (ASX: ZNC) holds the other 25% stake in the site.

What did management say?

Commenting on the discovery, Rumble Resources technical director Brett Keillor said:

The discovery of significant copper with silver mineralisation at the top of a major feeder fault system along with high grade zinc and lead at Chinook highlights the potential for a very largescale zoned base metal system.

The copper mineralisation supports the evolving geology and ore deposition model with respect to feeder fault zones reflecting higher depositional temperatures.

Rumble Resources is completing its drilling for the 2021 season and expecting final drilling results in February or March next year. In 2022, the company will continue drilling and testing at the site.

Rumble Resources share price snapshot

The Rumble Resources share price has surged a significant 250% in the past 12 months and is up 234% year to date.

Despite this, the company’s shares have dropped by 8% in the past month.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has returned more than 9% in the past year.

The miner has a market capitalisation of nearly $239 million based on its current share price.

The post Here’s why the Rumble Resources (ASX:RTR) share price is climbing 5% appeared first on The Motley Fool Australia.

Should you invest $1,000 in Rumble Resources right now?

Before you consider Rumble Resources, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Rumble Resources wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Down 35% in 2 months: What’s going on with the Rumble Resources (ASX:RTR) share price?

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!