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Rumble Resources Ltd.
Summary
| Project: | Thunderstorm | |
|---|---|---|
| Deposit: | Themis, Pion | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/1/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-7-2019: Rumble Resources Ltd. announces an Exploration/Drilling Update report for its Themis, Pion deposit at the Thunderstorm project. JV with IGO - drilling results incl. 25m @ 2.42g/t Au from 42m. Rumble Resources Ltd (ASX: RTR) (“Rumble” or “the Com | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brett Keillor (Internal) | |
| ABSTRACT: | Rumble Resources Ltd (ASX: RTR) (“Rumble” or “the Company”) is pleased to announce JV partner Independence Group NL (ASX: IGO) has intersected significant shallow high-grade gold mineralisation within the Thunderstorm Project in a regional exploration program. The Thunderstorm Project lies within the Albany – Fraser Province and is located some 250km SSE of Kalgoorlie, Western Australia. The Thunderstorm Project comprises of four exploration licences, E28/2366, E28/2528, E28/2529 and E28/2595 for a total area of 323km². Independence Group NL (ASX: IGO) has also provided formal notice that it has met its obligation to spend >$1.5M within 3 years to earn a 70% stake in the Fraser Range JV. Rumble is now free-carried 30% up to the completion of a Pre-Feasibility Study (PFS). First stage exploration by IGO utilised the Spectrem AEM system to map out depth of cover and to highlight conductors under shallow cover. The Spectrem AEM system is a high-definition fixed-wing, time domain airborne electromagnetic geophysical technique. The Spectrem AEM system also acquires magnetics data. Following the geophysical survey, regional air core drilling is completed (drilling is ongoing) on wide spaced patterns (3km by 400m and 1.5km by 400m). The aim of the regional air core drilling is to test the cover depth, basement and regolith geology and geochemistry, and to highlight anomalous trends. Favourable conductors defined by the Spectrem AEM survey are then further tested by GTEM (ground transient electromagnetics) and if high priority, are drill tested by reverse circulation /diamond drilling. | |
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