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RUMBLE RESOURCES LIMITED — Capital/Financing Update 2013
Mar 26, 2013
65736_rns_2013-03-26_4c664a14-ede2-45a5-806c-2e2754566777.pdf
Capital/Financing Update
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Rumble Acquires New Project Adjacent to Top Up Rise
27th March 2013
Highlights
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Large strategic holding acquired adjacent to Corazon Mining Ltd’s (ASX: CZN) Top Up Rise Project
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3 tenement applications covering 1305 km² in the Gibson Desert region of Western Australia
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Top Up Rise is considered prospective for Olympic Dam/Prominent Hill style IOCG mineralisation
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Top Up Rise is one of the largest untested gravity anomalies in Australia, similar in size to the Olympic Dam geophysical anomaly
Rumble Resources Limited (“Rumble” or “Company”) (ASX: RTR) is pleased to announce that it has acquired a large strategic holding adjacent to Corazon Mining Ltd’s (ASX: CZN) Top Up Rise Project. The Leyland Project consists of three tenement applications covering a total area of 1305 km².
This region is prospective for large Iron Oxide Copper Gold systems. The Top Up Rise Project has a large untested gravity anomaly of +7mGals above background which is similar in size and more intense than the anomaly at Olympic Dam in South Australia.
Corazon recently announced that exploration is underway at its Top Up Rise Project, with a ground gravity survey underway, which will be followed-up with a maiden drilling program in April/May 2013.
Previous exploration in the area by BHP Billiton Limited (1996 to 1999) and more recently by Toro Energy Limited (ASX:TOE). Toro Energy completed rock chip sampling on an adjacent tenement, which returned significant Fe up to 56% along with rare earths up to 4% TRE and anomalous copper (639ppm) and uranium oxide (82ppm).
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Figure 1: Map showing tenement holding of the Leyland Project
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----- Start of picture text ----- Rumble Resources LtdSuite 5, 26 Railway RoadSUBIACO WA 6008T +61 8 6555 3980F +61 8 6555 3981rumbleresources.com.au----- End of picture text -----
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----- Start of picture text ----- ASX RTR42.4M Ordinary SharesBoard of DirectorsMr Andrew McBainManaging DirectorMr Terry ToppingExecutive DirectorMr Michael SmithNon-executive DirectorMr Matthew BanksNon-executive DirectorMr David PalumboCompany Secretary----- End of picture text -----
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For further information visit www.rumbleresources.com.au or email [email protected]
About Rumble Resources Ltd
Rumble Resources Ltd is an Australian based exploration company, officially admitted to the ASX on the 1st July 2011. Rumble was established with the aim of adding significant value to its current gold and base metal assets and will continue to look at mineral acquisition opportunities both in Australia and abroad.
Competent Persons Statement
The information in this report that relates to Exploration Results is based on information compiled by Mr Terry Topping, who is a Member of the Australasian Institute of Mining & Metallurgy and the Australian Institute of Geoscientists. Mr Topping is a fulltime employee of Rumble Resources Limited and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Topping consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.