Rumble eyes new nickel targets at Zanthus
THE DRILL SERGEANT: Rumble Resources (ASX: RTR) could hardly contain its excitement following the interpretation of a recently-completed detailed airborne aeromagnetic survey data on the Zanthus project Joint Venture with Blackham Resources (ASX: BLK).
Rumble said the interpretation has identified a number of high-priority targets including a distinctive ‘eye’ feature, which the company considers could be an intrusive body, co-incident with a conductive zone that was outlined by a reconnaissance ground EM program completed in April.
Rumble has interpreted the ‘eye’ feature as an elliptical magnetic rimmed intrusive body measuring some two kilometres in length and up to one kilometre wide.
Image showing the interpretation of the completed detailed airborne aeromagnetic survey. Source: Company announcement
Unsurprisingly, the company has compared it to the Nova Eye feature that was the catalyst to the recent success of fellow Fraser Range resident Sirius Resources (ASX: SIR).
Rumble’s ‘eye’ crossed with a single line of the orientation ground EM survey which indicated the presence of a bedrock conductor.
The company is currently planning a more detailed survey to cover the whole ‘eye’ feature with a more powerful moving loop survey similar to that recently completed by Sheffield Resources (ASX: SFX), which resulted in the identification of a large bedrock conductor at its Red Bull project.
“Rumble continues to systematically explore its Fraser Range tenements to provide its shareholders with the best chance of finding the next major nickel discovery,” Rumble Resources CEO Shane Sikora said in the company’s announcement to the Australian Securities Exchange.
“Our first two stages at the Zanthus project have identified seven potential conductors and numerous ‘eye’ features which have been central in discovering intrusive-hosted nickel deposits.
“To identify a conductive body within an eye feature of similar size to the Nova ‘eye’ is an exciting proposition.
“The world class Nova massive sulphide nickel copper discovery was found through drilling a bedrock conductor within an eye intrusive.”
Rumble outlined its next stage of ground based geophysics will be utilised to clearly define previously identified conductive bodies.
The company will also target other eye features and large intrusive bodies interpreted from the magnetics as it looks to identify further conductive bodies that may represent massive sulphides.
Email: enquiries@rumbleresources.com.au
Website: www.rumbleresources.com.au