Rumble Resources defines high-grade drill targets at WA gold play
Rumble Resources Ltd (ASX:RTR) has provided an update on the scheduled RC drill program at the Nemesis Gold Project 40 kilometres north of Cue in the Murchison Goldfields of Western Australia.
RTR anticipates that drilling at Nemesis will commence mid-May 2018, subject to approvals and subsequent drill site preparations.
RC drill holes will be targeting the depth extensions of the historic Nemesis gold mine for potential high-grade mineralisation, with holes planned to test areas of historic elevated gold in soil anomalism west and east of the Nemesis mine within the Nemesis Shear Zone.
The Nemesis Shear Zone is believed to “extend under a laterite plateau to the east” and has not yet been drill tested; furthermore, strong gold in soil anomalism has not been drilled tested to the west either.
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.
Between 1900-1910, the mine produced 7157oz of gold from 2276t of ore, at 98 g/t gold grade. To date, there has been no drilling to test the depth extension to the Nemesis mine workings.
Project Location, Geology and RC Drill Hole Locations
Nemesis Mine depth extension
Historic workings undertaken at the Nemesis gold mine have extended to a maximum depth of 70m with three steep plunging high-grade gold (average grade of 98 g/t gold) shoots (85° to the east) over a strike length of 60m.
Further, the RC drilling along strike to the east was very shallow (maximum vertical depth of 35m) and did not test the plunging mineralisation. RTR therefore plans to complete up to three RC drill holes targeting high-grade gold mineralisation below the current Nemesis ore shoots, as shown below:
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