Rumble Resources identifies large conductor
Australian-based Rumble Resources (ASX:RTR) has discovered a large first order conductor at its White Rose copper gold prospect, via a moving loop transient electromagnetic survey.
The White Rose prospect is located within the company’s Munarra Gully copper gold project, which is located 50km north to north east of the township Cue.
The conductor lies approximately 600m west along strike from the open cut workings, where historic data has returned the following high-order intercepts:
- 40m at 0.66%
copper, 4.85 g/t gold from surface to end of hole, including; eight metres at
1.32% copper, 22.75 g/t gold from 24m
According to RTR, the parameters of the conductor have been modelled as a west north west dipping plate measuring 470m by 260m with a conductance of 650 siemens, which is in line with disseminated to semi-massive pyrite – chalcopyrite mineralisation. Depth to the top of the plate is estimated at 120m.
However, success is not guaranteed and any investment decision should be made with caution and professional financial advice should be sought.
About the White Rose prospect
The White Rose prospect is a mineralised intrusion that hosts two open cuts and runs from east to west. Historic RAB drilling has defined exceptional copper-gold mineralisation that is completely open along strike.
Over the last eight to 10 years, the current owner established a small gold plant on site to process shallow saprolitic gold mineralisation as defined by previous RAB drilling.
Grab sampling completed by RTR and others identified consistent copper, gold, nickel and cobalt in weathered ultramafic rocks exposed in the two small pits (currently being mined for gold). Results included:
- An average of
0.68% copper for 33 samples collected
- Gold to 1.9 g/t
- Nickel to 0.37%
- Cobalt to 0.11%
RTR believes the copper-nickel bearing ultramafic unit at the White Rose prospect to be highly prospective for disseminated to massive copper +/- nickel sulphide mineralisation.
The company is currently earning into the Munarra Gully project as per acquisition terms in ASX announcement 27 February 2018.
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.
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.
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.