Consolidates 100% Ownership Of Braeside Project
Rumble Resources Limited (ASX: RTR) has consolidated the entire Braeside project securing 100% of E45/4368 and E45/2032, located in the east Pilbara region of Western Australia, located 140km east of Marble Bar.
The company has secured the remaining 30% of E45/2032 (having previously held 70%) from Maverick Exploration Pty Ltd, an unrelated vendor, in return for the issue of 1,800,000 new fully paid ordinary shares in the company free of all encumbrances.
Rumble now holds a significant land holding in the Fortescue and Paterson Provinces of the East Pilbara Region, with interest in three projects comprising an area of 2738.6 sq. km. Projects include:
• Braeside Project (100%) – E45/2032, E45/4368, E45/4873 and E45/4874 – 670 sq. km
• Warroo Project (100%) – E45/5366 and ELA45/5689 – 793 sq. km
• Lamil Project – AIC Mines earning up to 65% – E45/5270 and E45/5271 – 1275.6 sq. km
Rumble acquired in April 2017 the rights to the Braeside Project, which hosts the small-scale high-grade Ragged Hills mine that produced high-grade lead, zinc and silver up until 1959. Prior to Rumble’s acquisition no systematic modern exploration had been completed at Braeside.
The first phase of systematic exploration commenced in May 2017 and over a period of three years, and multiple phases of exploration, Rumble has generated 45 Zn-Pb-Ag-V-Cu priority targets, all capable of significant discoveries.
In late 2020 Rumble drill tested a number of targets resulting in the discovery of significant widths of copper VMS type mineralisation at the Camel Hump prospect and high-grade galena mineralisation from surface at the Barker well prospect highlighting the potential for a “cluster” of camp scale base metal deposits at Braeside.
In February 2021 Rumble announced a small shallow RC programme discovered significant widths of copper mineralisation hosted within volcanogenic siltstone (volcaniclastics) and underlain by black shale within an andesite (extrusive) sequence.
Mineralisation is primarily oxide (only shallow RC completed) with dominant minerals being malachite, chalcocite and native copper. The drilling focused on outcropping malachite mineralisation which had been channel sampled with results to 2.59% Cu. Associated with the copper oxide mineralisation (RC drilling) was elevated zinc, lead and silver. Zinc returned up to 1200ppm, lead returned up to 1% and silver returned up to 6.7 g/t Ag. Results from the RC drilling included:
- 19m @ 0.43% Cu from 12m, including 6m @ 1.02% Cu from 18m
- 33m @ 0.4% Cu from surface, including 9m @ 0.75% Cu from 6m
- 38m @ 0.19% Cu from surface
- 35m @ 0.55% Cu from 8m, including 8m @ 1% Cu from 11m and 5m @ 1.02% Cu from 36m 37m @ 0.46% Cu from 19m, including 5m @ 0.86% Cu from 22m and 6m @ 1% Cu from 45m 31m @ 0.37% Cu from 30m, including 5m @ 0.89% Cu from 32m and 5m @ 0.62% Cu from 54m
Rumble considers the potential for VMS style base metal deposits associated with a new province has been considerably upgraded based on the style of copper mineralisation seen at Camel Hump.
Of great significance is Rumble’s Warroo Project that lies some 30km to the southeast of Camel Hump. Rumble has reported previously the high prospectivity for VMS deposits associated with the Warroo Hill Member Synform. See image 2 for location of Warroo Project.
For further information please visit: https://rumbleresources.com.au/