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Rumble Resources Ltd.
Summary
| Project: | Braeside | |
|---|---|---|
| Deposit: | Braeside | |
| Location: | Australia | |
| Commodities: | Zinc-Lead | |
| Date: | 2/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-2-2018: Rumble Resources Ltd. announces an Exploration/Drilling Update report for its Braeside deposit at the Braeside project. Drilling results incl. 30m @ 1.5% Zn from 28m. Rumble Resources Ltd (ASX: RTR) (“Rumble” or “the Company”) is pleased to ann | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brett Keillor (Internal) | |
| ABSTRACT: | Rumble Resources Ltd (ASX: RTR) (“Rumble” or “the Company”) is pleased to announce that the completion of re-split assaying of previous composites and additional composite sampling from the maiden reconnaissance drilling program (completed Dec 2017) at the Braeside Project (E45/2032) has confirmed high grade zinc mineralisation at the Devon Cut Prospect and identified high-grade vanadium potential. Additional assaying included multi-element analysis of the high-grade zinc mineralisation. Further grab samples were collected at the Devon Cut, Sugar Ramos and North Ragged Hills prospects. The Braeside Project lies 140km east of Marble Bar and is located on the eastern margin of the Pilbara Craton in the northwest of Western Australia (see image 1). The project hosts the Braeside Pb-Ag-Zn mining district which includes the Ragged Hills mining centre (discovered in 1901) and numerous small mines along a series of north trending structures (informally called the Braeside Fault Zone - BFZ). The historic mines were operative from 1925 to 1967. The BFZ contains high grade poly-metallic mineralisation over 34km of strike with dominant galena and associated sphalerite and chalcopyrite. The BFZ and associated mineralisation are hosted in Fortescue Group mafic volcanics and volcaniclastics (Maddina Basalt and the Kylena Basalt). The Koongaling Felsic Volcanics sequence is the same age as the Kylena Basalt (bimodal) and lies further east. Rumble has the right to earn 70% of granted licence E45/2032 and holds 100% of 5 contiguous exploration licences (under application). To the north of the granted licence, Rumble has an option on the Barramine Project which lies along strike from the BFZ. The total area of prospective terrane for high grade Zn–Pb Cu, Ag and Au deposits is now over 1000km². | |
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