Rumble Resources in trading halt with capital raising announcement pending

Rumble Resources Ltd (ASX:RTR) has been granted a trading halt with an announcement pending in regard to a proposed capital raising. The halt will remain in place until the beginning of regular trade on Wednesday, April 28, or when an announcement is released to the market, whichever occurs earliest. Shares last traded at 55 cents after hitting a new record of 59.5 cents last week while the company’s market cap is approximately $292.7 million. Zinc-lead discovery The new record came after fast-tracked assay results from two reverse circulation (RC) holes at Chinook Prospect of the Earaheedy JV Project in Western Australia confirmed a zinc-lead discovery. The company has completed 33 holes for 3,593 metres of RC drilling at the project, including 26 holes for 2,653 metres at Chinook with assays for 24 holes pending. Drill hole EHRC050 returned 34 metres at 4.22% zinc + lead from 66 metres, including 17 metres at 6.65% zinc + lead from 73 metres with a higher-grade core zone of 14 metres at 5.02% zinc and 2.03% lead (7.05% zinc + lead) from 76 metres. The other fast-tracked hole, EHRC044, returned 21 metres at 4.31% zinc + lead from 61 metres, including 10 metres at 5.02% zinc + lead from 67 metres.