(MENAFN- ProactiveInvestors - Australia) Rumble Resources' (ASX: RTR) shares have been placed in pre-open this morning after the ASX granted the company a trading halt pending a capital raising announcement.
Rumble have not yet indicated where the potential new inflow of funds will be allocated, but the company has recently been busy at its Beadell Project (80%) in Western Australia.
The company is planning to commence a reverse circulation / diamond drilling campaign next month covering 15 holes for 3000 metres, which will follow-up results from Gradient Array and Dipole-Dipole IP surveys.
Rumble is targeting copper- lead-zinc mineralisation within high grade metamorphic rocks of the Rudall Complex.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday 1st October 2012.
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