In August 2021 Finfeed changed from a website that covered ASX listed news to a website
that covered a select range of ASX
listed small cap Biotech stocks that we are personally invested in: find out more.
The old Finfeed website, and all of the old articles are kept here for record keeping purposes.VISIT NEW SITE
Rumble Resources identifies large conductor
2 minute read
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.