Busy Rumble Resources shares 2018 exploration plans
Rumble Resources Ltd (ASX:RTR) has today updated the market on its planned 2018 exploration programs across its four projects — Braeside, Munarra Gully, Nemesis and Earaheedy projects, all of which are on track to be drilled tested in the coming months.
Given the prospective nature of all four projects, each drill program offers the chance for RTR to make high grade discoveries.
It should be noted that RTR is an early stage company and investors should seek professional financial advice if considering this stock for their portfolio.
Braeside zinc-lead-copper-silver-vanadium project
During 2017, RTR completed the first ever modern systematic exploration at the Braeside project which included soil sampling (regional and infill), Heli-VTEM and prospect geological mapping with grab sampling which generated thirteen (13) targets that were subsequently tested by nineteen (19) first pass reconnaissance RC drill holes.
Now, the company has commenced geological mapping and detailed sampling aimed at generating drill targets. This includes follow up of the new Devon Cut high-grade zinc discovery and delineating new high order drill targets. The first drill program at Braeside for 2018 is on track to commence in late May.
Fieldwork is planned for later this month, with detailed geochemistry (soil and grab sampling) and geological mapping to generate drill targets.
Numerous high-grade targets have been identified at the Braeside Project from infill soil and rock chip sampling within E45/2032 and remain untested, which will be the focus for new drill target generation. Following the RC drilling program schedule for May, RTR will undertake a diamond drill program to follow up significant mineralisation.
Munarra Gully high-grade copper-gold project
At Munarra Gully, RTR is targeting a highly prospective ultramafic intrusion with significant copper gold mineralisation and elevated nickel-cobalt. The initial target is the White Rose Prospect located near and around the two open cuts where shallow historic RAB drilling has defined exceptional copper-gold mineralisation that is completely open along strike and at depth.
Orientation soil sampling has been completed over magnetic features at Munarra Gully, and RTR has commenced ground TEM (transient electromagnetic) traverses over the White Rose prospect, in particular targeting semi to massive copper/nickel sulphide conductors which cover the historic exceptional drilling results.
In addition, RTR plans to commence RC drilling this month at the White Rose Prospect. It has already completed an orientation soil program over the ‘blow out’ targets, and is awaiting results.
Nemesis high-grade gold project
The Nemesis Project hosts the historic workings at the Nemesis gold mine, which were worked to a maximum depth of 70 metres with three steep plunging high-grade gold (average grade of 98 g/t gold) shoots (85° to the east) over a strike length of 60 metres.
RTR’s has commenced mapping and analysis to determine the plunge extent of the historic high-grade gold mine, with a look to generating drill targets. It plans to start drilling at Nemesis in late April.
Earaheedy high-grade zinc project
Broad spaced drilling (completed in the 1990s) at the Earaheedy project defined several prospects containing oxidised and primary zinc-lead mineralisation (zinc dominant). This mineralisation was associated with a flat-lying “northeast dipping laterally continuous dolomite horizon with over 20 kilometres strike”.
Partial leach soil sampling over gravity targets has been completed by RTR, consisting of 370 samples on 200m x 200m spacings to cover the gravity trends and anomalies with the aim to help delineate “base metal leakage haloes”. The company is now awaiting assays.
Further, RTR has also submitted an EIS application, with RC and diamond drilling of gravity/structural high-grade zinc targets scheduled for July.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of Longhou Capital Markets Pty Ltd (AFSL No. 292464). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.