Rumble Resources Ltd (ASX:RTR) (FRA:20Z) is looking forward to an exciting first half of 2021 with news flow from impending assays on all four drill programs providing near-term catalysts for a re-rating, with all projects capable of world-class discoveries.
The company has multiple catalysts with a pipeline of projects capable of world-class discoveries across seven gold and base metal projects in Tier 1 regions in Western Australia.
It had a transformational year in 2020, which culminated in the completion of drilling at the Western Queen, Munarra Gully, Lamil and Braeside projects, for a combined 40,000 metres of drilling.
Pipeline of projects
Its pipeline of projects strategy includes:
➢ Six drill programs completed
- Phase 3 Western Queen Project - high-grade gold expanded;
- Munarra Gully Project – large-scale gold-copper-silver expanded;
- Braeside Project – Camel Hump - significant widths of copper discovered;
- Braeside Project – Barker Well - high-grade lead discovered;
- Lamil Project – intrusive gold-copper system intersected – joint venture partner; and
- Fraser Range Thunderstorm Project - high-grade gold discovered – joint venture partner.
- Lamil Project - ‘Tier 1' gold-copper targets – final assays – joint venture partner
- Western Queen Project – multiple resource zones expected
- Munarra Gully Project – DHEM planned;
- Braeside Project – Barker Well – ground IP;
- Braeside Project – Camel Hump – airborne EM; and
- Warroo Project – airborne EM.
➢ Eight drill programs - planned
- Phase 4 Western Queen Project - high-grade gold targets;
- Warroo Project – large-scale VMS targets;
- Braeside Project – Camel Hump - large scale VMS targets;
- Braeside Project – Barker Well – high-grade base metal breccia pipes;
- Earaheedy Project - ‘Tier 1’ zinc-lead-silver targets;
- Munarra Gully Project – 'Tier 1' gold-copper targets;
- Fraser Range Thunderdome Project - ‘Tier 1’ nickel-copper targets – JV Partner;
- Fraser Range Thunderstorm Project - ‘Tier 1’ gold targets – JV Partner;
Rumble has a clear strategy to generate a pipeline of projects at various stages of development and critically review each project for its potential for a world-class discovery.
The company is also fast-tracking a low-cost drill target generation program which is de-risked due to multiple avenues to discovery.
Western Queen Project
The final batch of results from its Western Queen Project drilling uncovered several high-grade gold shoots.
In addition to the Western Queen South deposit, high-grade gold shoots have also been identified at the Western Queen Central and Duke deposits, all three of which are thought to be associated with the Western Queen Shear Zone.
This highlights the potential for more high-grade gold shoots along the 2.7 kilometres of gold mineralisation already defined and the 35 kilometres of untested strike.
Resource drilling has been completed to expand the Western Queen South Open Pit Deposit (existing 83,000 ounces at 3.1 g/t gold)
The results highlight the potential for open pit resource area expansion and high-grade gold underground operation.
The 100%-owned Western Queen Project is within 110 kilometres of three operating gold processing mills.
Thunderstorm JV and Thunderbolt projects
The 30%-owned Thunderstorm joint venture project has intersected widespread gold throughout the project following reconnaissance aircore drilling, which includes high-grade gold at Themis:
- 16 metres at 6.69 g/t from 42 metres; and
- 6 metres at 9.15 g/t from 48 metres
Lamil joint venture project
Strong assay results were received from a maiden drilling program completed by joint venture partner AIC Mines Ltd (ASX:A1M) (OTCMKTS:IAUFF) at Lamil Gold-Copper Project in WA’s Paterson Province.
The highly-encouraging results have confirmed primary copper sulphide mineralisation with low-level gold and multi-element pathfinder anomalism.
Multiple narrow intervals of primary copper sulphide mineralisation with low-level gold and multi-element pathfinder anomalism were intersected in the final two diamond drill holes of the program spaced 800 metres apart along the eastern flank of the Lamil Main Dome.
In line with an earn-in and exploration agreement signed by the companies, AIC can earn a 50% interest by spending $6 million over four years.
Thereafter, AIC can earn a further 15% by spending $4 million over one year if Rumble elects not to start contributing.
Results from this work, combined with the results from recently completed infill and regional soil sampling and ground gravity surveys, are being used to prioritise targets for follow-up drill testing during the 2021 field season.
Seven additional reverse circulation (RC) and diamond drill holes are planned to infill and extend the Phase 1 program at the Lamil Dome and to test newly identified targets over the broader project area.
Heritage surveys are scheduled for completion in mid-April 2021 and drilling will restart shortly thereafter dependent on drill rig availability.
Amaryllis Prospect, Munarra Gully Project, Cue
Its latest reconnaissance RC drilling and mapping program has expanded the large-scale gold-copper-silver system at Amaryllis Prospect within the Munarra Gully Project, Cue in WA's Mid-West.
A gold-copper-silver system has been defined over 2.3 kilometres in strike and completely open under shallow cover of 10 to 40 metres, in association with a major north-south trending shear system named the Amaryllis Prospect.
The style of mineralisation has very similar characteristics to known large-scale Chibougamau gold-copper shear vein-type deposits in the eastern part of the Archaean Abitibi Greenstone Belt in Quebec, Canada.
Rumble has now advanced the geological model to aid in predicting potential deposits along the Amaryllis Shear Zone.
The single reconnaissance RC drill traverse 500 metres north of the Amaryllis Prospect intercepted the main mineralised shear zone with a more than 200 metres wide multiple perched supergene gold blanket.
There were multiple gold intersections across the 200 metres wide supergene zone including:
- 8 metres at 1.06 g/t gold from 80 metres – 4-metre composites;
- 4 metres at 4.02 g/t from 112 metres – 4-metre composites;
- 8 metres at 0.7 g/t from 64 metres – 4-metre composites; and
- 4 metres at 3.39 g/t from 119 metres.
Next stages
Based on the comparative style of mineralisation with respect to Chibougamau types, Rumble will complete a downhole transient electromagnetic (TEM) survey within the Calytrix zone to affirm if there is a conductive response from the known pyrite-chalcopyrite-pyrrhotite mineralisation.
It will undertake follow-up diamond drilling targeting higher tenor mineralisation based on conductance.
This will allow structural information, which is currently lacking due to no historic diamond drill core available and provide mineralisation and host characterisation.
Braeside Project
The 70%-owned Braeside Project has 45 priority copper-gold-zinc-lead-silver targets generated all capable of discoveries.
The discovery of shallow high-grade galena from surface at Barker Well and the recent copper discovery at Camel Hump highlights the camp scale potential for multiple high-grade base metal deposits.
Warroo Project
There is potential for a significant new volcanogenic massive sulphide (VMS) province at Rumble’s Warroo Project.
Over 18 kilometres of highly prospective strike under shallow sand cover has been delineated.
Grab sampling returned significant mineralisation at the Warroo Prospect:
- Copper assays include – 3.43%, 2.04% and 1.51%; and
- Zinc assays include – 26.0%, 23.5% and 19.1%
The Camel Hump and Warroo Hill Member lithologies lie within the same corridor with respect to strike and structure.
Earaheedy Project
The 75%-owned Earaheedy Project comprises two large-scale zinc-lead and silver discoveries.
At Chinook, the higher-grade zinc-lead confirmed over 200 metres horizontal width and up to 12 metres vertical true thickness (within 41 metres zinc-lead broad zone).
Magazine and Chinook are 10.5 kilometres apart, with the zinc-lead-silver mineralisation completely open.
The project covers over 40 kilometres of sandstone unconformity prospective strike, which remains untested and completely open.
Higher-grade zinc-lead have been identified in sandstone channel and facies zones, which are conducive to developing higher-grade zinc-lead mineralisation.