Rumble identifies potential feeder zone at Big Red

THE DRILL SERGEANT: Rumble Resources (ASX: RTR) has completed 3D inversions of a recently-flown airborne magnetics survey at the company’s Big Red project, located in the Northern portion of the Fraser Range Belt in Western Australia.

The company said the 3D inversion results have highlighted a large area that is both conductive and magnetic.

The results have also, for the first time, highlighted a relationship with a large gravity body located adjacent to it.

The newly-identified area is north plunging and is coincident with the 2.2 kilometre conductor which is one of the largest in the Fraser Range.

Rumble considers the area of both high magnetics and moderate conductance to represent a possible feeder zone to a larger body outlined by a large six kilometre gravity body located to the northwest which has been interpreted as a large magma chamber.

 

EM drill target. Source: Company announcement

 

The company explained the importance of feeder zones, saying they can contain nickel and copper sulphides and citing the Ovoid deposit at Voisey’s Bay in Canada as an example.

Rumble said the magnetic response highlighted by the 3D inversions may be due to the presence of magmatic magnetite.

“It has been interesting and exciting to bring these layers of data together to determine that there is a large system with significant gravity, magnetic and importantly conductive units,” Rumble Resources executive director Terry Topping said in the company’s announcement to the Australian Securities Exchange.

“To have an exploration target of this size representing a possible feeder system within rock units of the Fraser Range when exploring for nickel and copper sulphides shows that the company is on the right track.

“We are looking forward to drilling this target in the near future.”

Email: enquiries@rumbleresources.com.au

Website: www.rumbleresources.com.au