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Rumble Resources Limited

Rumble Resources Limited

Rumble Resources Limited is an Australian-based mineral exploration (gold and base metals) and development company established for the purpose of acquiring a portfolio of highly prospective exploration projects in Australia and abroad.

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Rumble is poised to commence its initial drilling programme on the Zanthus Project, in which it is earning 75% from Blackham Resources. Zanthus is centred approximately 20km south-east of Sirius’ Nova-Bollinger discovery, and geophysical work has highlighted an “eye” like magnetic feature, with coincident electro-magnetic (“EM”) and gravity anomalies, highlighting the potential for gabbroic intrusives, and massive Ni-Cu sulphide mineralisation similar to that at Nova.

This five hole, 1,200m RC drilling programme will test five bedrock EM conductors spatially associated with the magnetic and gravity anomalies, with the gravity “highs” potentially due to gabbroic units.

Recent drilling at the nearby Big Red Project has returned very encouraging results, intersecting gabbroic intrusives, containing zones of disseminated pyrrhotite and Ni-Cu sulphides, with associated anomalous nickel and copper geochemistry. This drilling was followed up by downhole EM surveying, which has highlighted a number of high conductance off-hole conductors which now require drill testing.

With further drilling about to commence we expect rising investor interest and allied with high leverage to exploration success we continue to rate Rumble as a SPECULATIVE BUY

Rumble Resources Limited (ASX: RTR) is an Australian junior mineral exploration company whose main focus is on nickel-copper exploration in the highly prospective Fraser Range Nickel Province of Western Australia.

The Company has a large 3,260km2 landholding in this underexplored region, one of the largest of any explorer in the area.

Work to date has included comprehensive geophysical surveys and an initial drilling programme, which has returned very encouraging results.

Rumble Resources Limited (“Rumble” or “the Company”) has made substantial progress on its key Fraser Range properties since our October initiation report.

Work completed subsequent to October has included:

  • Mud rotary/diamond drilling at the Big Red Project (4 holes for 1,504m), testing a 2km long ground EM conductor
  • Downhole EM surveying on three of the holes
  • Petrological studies of drill core
  • Ground gravity survey over the entire Zanthus Project area
  • Granting of approvals for drilling at the Zanthus eye feature

The work has returned very encouraging results, with drilling now imminent on targets at Zanthus, and future drill targets defined at Big Red...

 

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More details about Rumble Resources Limited

Official website: http://rumbleresources.com.au/

ASX on Hotcooper: http://hotcopper.com.au/asx/RTR

Markets: Base Metals, Copper, Gold, Nickel