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RUMBLE RESOURCES LIMITED — Capital/Financing Update 2017
Jul 2, 2017
65736_rns_2017-07-02_41e83b0c-e035-4483-992f-2a4c3d3e0c9d.pdf
Capital/Financing Update
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VTEM Survey Scheduled to Commence In July at Braeside Project
3[rd] July 2017
Highlights
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Geotech Airborne Pty Ltd has been commissioned to conduct a helicopter-borne VTEM geophysical survey over granted tenement E45/2032 within the Company’s Braeside Project
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VTEM survey is on 400m line spacing with an estimated 450 line km’s planned
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VTEM survey scheduled to commence in July
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The VTEM survey is designed to identify conductors that may represent first order VMS Targets
Rumble Resources Ltd (ASX: RTR) (“Rumble” or “the Company”) is pleased to provide an update on the fast tracked systematic exploration program at the Braeside High Grade Zinc – Lead Project (“the Project”), located some 140km east of Marble Bar (East Pilbara region of Western Australia) and accessed via the access road to Nifty/Telfer mine site.
Geotech Airborne Pty Ltd has been engaged to carry out a helicopter-borne (Versatile Time Domain Electromagnetic) VTEM geophysical survey at the Company’s Braeside Project – E45/2032. VTEM is one of the world’s highest resolution and signal-to-noise ratio airborne electromagnetic systems. Using VTEM is consistent with Rumbles exploration strategy of unlocking the Project’s large scale base metal deposit potential by the use of advanced exploration techniques and cutting-edge, modern technology.
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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
rumbleresources.com.au
ASX RTR
Executives & Management
Mr Shane Sikora Managing Director
Mr Brett Keillor Technical Director
Mr Matthew Banks Non-executive Director
Mr Michael Smith Non-executive Director
Mr Steven Wood Company Secretary
Image 1 – Proposed 400m line spacing VTEM Survey at E45/2032 (over image of previous Tempest AEM survey – 2 km line spacing).
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The VTEM electromagnetic geophysical survey will cover an area of approximately 450 line kilometres at flight line spacings (perpendicular to stratigraphy) of 400 metres. The anticipated minimum depth of penetration of the VTEM Survey is expected to be approximately 400 vertical metres below the surface of the ground.
The VTEM survey is designed to locate conductors that are associated with mineralisation that may represent first order VMS targets. Historic airborne Tempest AEM (image 1.) has given confidence that there are no, or very minor, lithological conductors such as graphitic shales along the known base metal mineralised system at the Braeside Project.
The program is scheduled to commence in July and is expected to take one week to complete.
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Image 2 - A Geotech Airborne Pty Ltd Heliborne VTEM Survey in progress
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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.
Forward Looking and Cautionary Statement
The information in this report that relates to historic exploration results was collected from DMP reports submitted by government agencies and previous explorers. Rumble has not completed the historical data or the verification process . As sufficient work has not yet been done to verify the historical exploration results, investors are cautioned against placing undue reliance on them.
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