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Rumble Resources Ltd.
Summary
| Project: | Earaheedy | |
|---|---|---|
| Deposit: | Chinook, Magazine | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 1/23/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-1-2020: Rumble Resources Ltd. announces an Exploration/Drilling Update report for its Chinook, Magazine deposit at the Earaheedy project. Drilling results incl. 22m @ 2.04% Zn, 0.48% Pb from 53m. Rumble Resources Limited (ASX: RTR) (“Rumble” or “the Co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brett Keillor (Internal) | |
| ABSTRACT: | Rumble Resources Limited (ASX: RTR) (“Rumble” or “the Company”) is pleased to announce it has completed RC drilling on the Earaheedy Project (E69/3464) with results highlighting two large-scale (large tonnage), flat lying, shallow sandstone hosted Zn–Pb discoveries. Mr Brett Keillor stated: “The latest drilling results have confirmed the large-scale potential for unconformity related sandstone hosted Zn Pb deposits at Earaheedy. Significant widths (11m is the true width) of prospective sandstone with >4% Zn + Pb (with Ag credits) grades over broad areas augurs well for large tonnage shallow deposits along the 20km of strike defined to date. “The shallow Exploration Target at the Earaheedy Project of 40Mt to 100Mt at 3.5% Zn-Pb to 4.5% ZnPb is based on recent drilling results, geological understanding of the mineralisation geometry, continuity of mineralisation and regional geology, highlighting the potential for Earaheedy to be a world class Tier 1 base metal province. “The closest analogy to the Earaheedy unconformity related sandstone hosted Zn Pb style is the large Paroo Pb deposit (120km SW of Earaheedy). The Paroo deposit is an oxidized system located in the same formation as Earaheedy. Earaheedy is a sulphide matrix replacement style with simple metallurgical characteristics” The potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Refer further detail on page 6 of this announcement in respect of the Exploration Target. | |
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