Rumble identifies priority targets at Zanthus project

THE DRILL SERGEANT: Rumble Resources (ASX: RTR) has identified three priority target areas from a high-powered moving loop ground based EM survey (MLTEM) currently underway at the company’s Zanthus project.

The Zanthus project is located 18 kilometres east of the Nova-Bollinger nickel copper massive sulphide discoveries of Sirius Resources (ASX: SIR) in the Fraser Range, Western Australia.

Rumble described one of three priority target areas as an ‘eye’ feature, which was interpreted as an elliptical magnetic rimmed intrusive body some 2km in length and up to 1km wide and of similar size to the Nova ‘eye’ feature.

Initial processing by Rumble of the data covering the eye feature has generated some encouraging results with five conductors identified.

 

Zanthus ‘eye’ conductors. Source: Company announcement

 

The company explained ‘eye’ shaped magnetic features as being indicators commonly associated with mafic intrusive complexes that host nickel-copper-PGE ore bodies.

These eye features are priority targets when exploring for massive sulphide ore bodies.

The company emphasised the modelling is only in preliminary stages yet has produced these initial interpretations:

ZC1, ZC2 and ZC3 are of noteworthy conductance and are situated at reasonably shallow depth to top (approx. 100 to 200m). These will be a high-priority for the company’s next stage of drilling.

ZC4 and ZC5 – Rumbles is conducting ongoing infill ground EM with additional processing to work out the conductivity, strike, dip and depth of the bodies.

Rumble Resources CEO Shane Sikora said in the company’s announcement to the Australian Securities Exchange.

“Our systematic exploration approach continues to generate compelling nickel sulphide targets at our Fraser Range projects providing our shareholders with the best chance of finding the next major nickel discovery.

“To identify significant bedrock conductors across an eye feature of similar size to the Nova ‘eye’ has been an exciting development.

“Combine this with the interpreted Voisey’s Bay feeder system at our Big Red project and our low market cap, Rumble offers considerable leverage to exploration success.

“We look forward to continuing to explore across the Zanthus project and drill the compelling Big Red target to the north in the next four to five weeks.’

Rumble indicated it has extended its ground EM program due to the success it has had in the early stages of its geophysics program.

The company considers potential exists for further conductor identification over the following weeks.

As more detail emerges of the five conductors and any further conductors identified in the ongoing program, they will be prioritised on the basis of these attributes and geology to underpin future drill programs.

Email: enquiries@rumbleresources.com.au

Website: www.rumbleresources.com.au