Rumble Resources increases Fraser Range holding

THE DRILL SERGEANT: Rumble Resources (ASX: RTR) has completed a strategic tenement application (ELA 28/2464) adjoining the company’s recently-acquired Zanthus project Joint Venture with Blackham Resources (ASX: BLK).

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

 

Image showing the location of the new Zanthus application in
close proximity to Sirius Resources world class Nova nickel-copper
discovery. Source: Company announcement

The new Exploration License Application increases the Zanthus project to 957 square kilometres and expands Rumble’s Fraser Range foot print by 74 per cent to 1383 square kilometres.
 
Rumble said it secured this license for nil consideration in, what the company described as being, ‘the hottest exploration region in Australia’.

The company said the low cost involved would enable it to make better use of its funds, such as for high impact exploration.

Rumble explained the new application has been subjected to minimal base metal exploration with an initial technical review identifying airborne magnetic and gravity prospects.

The company said it considers the eastern side of the Fraser Range to be highly-prospective for further world class nickel-copper discoveries.

Its confidence stems from the neighbourhood it has landed in with the application bordered by Sirius Resources, Matsa Resources, Buxton Resources and the Mark Creasy-controlled private company Ponton Minerals.

“Rumble will continue to strategically expand its foot print in the emerging nickel province providing Rumble multiple opportunities to make the next significant nickel discovery,” Rumble Resources said in its ASX announcement.

“Rumble believes the Fraser Range has the potential to host a significant number of Nickel deposits of various characteristic similar to that of the Voisy bay, Thompson and Raglan nickel deposits in Canada which are host to multiple world class deposits.”

Email: enquiries@rumbleresources.com.au

Website: www.rumbleresources.com.au