Rumble and CSIRO to explore alteration zone in the Pilbara

By Justin Ware. Published at May 21, 2018, in Mining

Rumble Resources (ASX:RTR) has partnered with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), to investigate alteration mineral footprints at RTR’s Braeside Project, which is located in the Pilbara region of Western Australia.

With the CSIRO having expertise in mineral exploration interpretation, the duo will undertake a research program geared towards the wide pervasive alteration zones associated with base metal alteration on site.

At the same time, it’s worth noting that this is an early stage play and investors should seek professional financial advice if considering this company for their portfolio.

The collaboration will see the CSIRO aid in defining alteration signatures associated with base metal mineralisation. Importantly, previously completed drill hole spectral studies by RTR have confirmed widespread mineralisation at Braeside.

Braeside project pilbara

The company has received a $50,000 grant via the Australian Government’s Innovation Connection program, which is to be matched by RTR’s own funds. These funds will facilitate the commencement of the project.

RTR Technical Director Brett Keillor commented on the announcement, “Rumble has over 1000km2 of prospective tenure, much of it exposed and suitable for spectral mineral mapping. CSIRO is the premiere organisation in Australia with respect to the application of spectral research to exploration.

“The collaborative study with CSIRO will gain an understanding of the mineral alteration and mineralisation relationship that may lead to significantly expediting generation of high order targets for further geochemistry and possible drill testing.”

Previous exploration by RTR, including detailed surface geochemistry, prospect geological mapping and first pass RC drilling, has highlighted a strong association of base metal mineralisation with wide zones of pervasive silica-sericite-chlorite alteration.

The base metal mineralisation extends over a 34km strike within E45/2032 and is completely open. The mineralisation is associated with several altered structures which include the historic High Grade Ragged Hills Mine located at the southern end of the prospective zone.

Within the E45/2032 tenement are 11 instances of significant base metal in soil, with only four of these having been partly tested with the latest reconnaissance RC drilling, which identified a new high-grade zinc discovery at Devons Cut in the maiden drill program (below).

Rumble resources maiden drill program

CSIRO will support RTR in their exploration R&D efforts as part of an Innovation Connections project.

The study by CSIRO will include:

  • Collection and evaluation of public (ASTER) and commercially (WorldView-3) available multispectral spaceborne data which will map:

- Background alteration

- Major geological units

- Alteration assemblages potentially associated with base metal mineralisation

- Dominant structures with additional aeromagnetic data

The study objectives are to:

  • Evaluate multispectral remote sensing imagery for mapping alteration
  • Evaluate the potential for extrapolating remotely sensed mineral footprints from outcrop/subcrop areas to in-situ covered areas
  • Investigate spatial and/or genetic relationships of sericite-silica and chlorite alteration with high grade sphalerite and galena values

RTR expects the study to be completed in five months, which will run parallel with its current exploration program at the Braeside Project.


Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.


SEE THE PORTFOLIO

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). 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.

Publishers Notice

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.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X