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RUMBLE RESOURCES LIMITED — Capital/Financing Update 2015
Mar 3, 2015
65736_rns_2015-03-03_f62db2f5-af0f-42b6-aab6-b12439750afa.pdf
Capital/Financing Update
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Zanthus Drilling On Schedule For Late March 2015
4[th] March 2015 Highlights
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High impact RC drilling of 5 shallow bedrock conductors in and around an eye feature 20km’s from Nova/Bollinger on schedule for late March 2015
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3 conductors are of significant conductance and are first order Fraser Range drill targets
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Rumble Resources Ltd
Suite 9, 36 Ord Street, West Perth, WA 6005
T +61 8 6555 3980 F +61 8 6555 3981
- Native title clearance scheduled and POW Completed
rumbleresources.com.au
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High powered ground EM survey has commenced on conductor ZC5 located within the eye feature to better define a deep conductive body
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Recent drilling success by peers in the Fraser Range highlights the potential for another major nickel discovery in an underexplored region
Rumble Resources Ltd (“Rumble” or “the Company”) is pleased to provide an update on Rumble’s systematic Fraser Range Exploration in Western Australia.
Recent developments in the Fraser Range have highlighted the prospectively of the region to host another major nickel discovery. Sirius Resources recently announced that the first effective hole at the Crux prospect had intersected nickel sulphides. The Crux anomaly is a thick (>500m) “Eye” like intrusion, 6km long. The first effective hole at Crux hit Nova-style host rock with a broad zone of trace sulphides and localised disseminated and matrix sulphides with visible pentlandite (nickel) and chalcopyrite (copper).
Mount Ridley Mines reported first-pass air core drilling intersected mafic-ultramafic intrusive rocks containing primary nickel and copper mineralisation at Mt Ridley, Albany-Fraser. The drilling confirmed the presence of primary magmatic sulphides of nickel (pentlandite) and copper (chalcopyrite) and have been targeting ovoid shaped magnetic features that are similar to the Nova “Eye” feature.
Both Sirius and Mount Ridley are targeting large “eye” intrusive bodies. “Eye” shaped magnetic features are indicators commonly associated with mafic intrusive complexes that host Ni-Cu-PGE ore bodies and are therefore priority targets when looking for ore bodies that can contain zones of massive sulphides. The world class Nova massive Sulphide Nickel Copper Discovery was found through drilling a bedrock conductor within an “eye” intrusive.
Rumble’s high impact drill program targeting 5 bedrock conductors at the Zanthus project is on schedule for late March 2015. The program will consist of 5 RC holes for 1200 metres targeting 5 bedrock conductors which may represent magmatic massive Nickel Sulphides . Zc1, 2 & 3 conductors are of significant conductance and represent first order drill targets in the Fraser Range. They are located in and around an “eye” intrusive feature interpreted as an elliptical magnetic rimmed intrusive body some 2km in length and up to 1km wide and of similar size to the Nova “eye” feature. See Figure 1
The Zanthus Project is located 20km’s east of the Nova-Bollinger nickel copper massive sulphide discoveries in the Fraser Range, Western Australia. Rumble is earning up to 75% from Blackham Resources Ltd (ASX:BLK) - see figure 3 .
Preparations and Permitting
The native title clearance is scheduled in for Mid-March and the POW (program of work) has been completed.
Rumble is in discussion with a number of experienced drilling contractors.
ASX RTR Executives & Management
Mr Shane Sikora CEO
Mr Terry Topping Executive Director
Mr Andrew McBain Non-executive Director
Mr Matthew Banks Non-executive Director
Mr Michael Smith Non-executive Director
Mr Bruno Seneque Company Secretary
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MLTEM Program
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A high powered ground EM survey has commenced on conductor ZC5 located within the eye feature to better define a deep conductive body – see figure 1 . The survey is expected to take 1 week to complete with geophysical interpretation to follow.
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Figure 1 : Images showing the Rumble Resources “Eye” feature with an identified conductor Figure 2 : Image showing the Nova “Eye” feature
Structural Corridor
The Zanthus project hosts a significant structural corridor with numerous large intrusive features and significant magnetic highs that have several ovoid sharped magnetic anomalies that are similar to that hosting the Nova deposit . This zone is a significant structural break in the regional geology and covers a large area some 14km by 5km and will be a main focus area of next stage exploration which is part of a systematic exploration approach to the Fraser Range Project areas. See Figure 3 & 4.
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Figure 3: Zanthus Project Tenements highlighting the new tenement application Figure 4 : Image showing the Structural Corridor with intrusive targets
CEO Comments
Rumbles CEO, Mr Shane Sikora, said : “the recent drilling success of our Fraser Range peers highlights the potential of the Fraser Range to host another major nickel discovery. First order drilling targets are significant bedrock conductors within intrusions which may represent massive sulphide accumulations. Rumble is on schedule to drill 5 shallow bedrock conductors in an and around an eye intrusive feature 20km’s from the NovaBollinger Massive Nickel Sulphide deposit in late March”.
“The Fraser Range is underexplored and we believe has the potential to host a significant number of Nickel deposits similar to that in Canada which is host to multiple world class deposits. Drilling multiple bedrock conductors takes us one step closer to finding the next major nickel discovery.”
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For further information visit rumbleresources.com.au or contact [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 2012 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.