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Office Location

Head Office

Suite 9, 36 Ord St
West Perth, Western Australia 6005

Tel: +61 8 6555 3980
Fax: +61 8 6555 3981

Fraser Range Projects - Joint Venture with IGO

Exploration target(s) massive Ni – Cu type deposits

Rumble secured the involvement of leading base metal and gold miner Independence Group NL (ASX: IGO) to explore and earn an interest in its highly prospective projects in the Fraser Range region of WA (Image 1) (Fraser Range Project).

Under the terms of the Agreement between Rumble and Independence Newsearch Pty Ltd (a wholly owned subsidiary of Independence Group NL), IGO has been granted the right to earn 70% equity in Rumble’s 100%-owned Fraser Range Project by spending $1.5mil on exploration over 3 years.

The agreement allows exploration of the Fraser Range Project to be accelerated with IGO to apply its extensive Fraser Range expertise as the dominant regional player in the Fraser Range, particularly the knowledge it has gained through the development and operation of the world-class Nova Project, and its ability to fund ongoing exploration programs.

Importantly, Rumble will maintain an exposure to the ongoing exploration and development of the Fraser Range Project without additional financial commitment, given that it will be free-carried through to the first Pre-Feasibility Study (PFS) on any of the tenements.

The Agreement is consistent with Rumble’s decision to place greater focus of its resources and activities on its High Grade Lead- Zinc Braeside Project in Western Australia.

                                                       Image 1 – Rumbles 100% Owned Fraser Range Projects

Big Red Project

The Big Red Project is located 450 kilometres east of Kalgoorlie in the Fraser Range Western Australia.                                                             

A drill program has been completed that consisted of 4 Mud Rotary/Diamond drill holes totalling 1,503.9m with the programme designed to test a 2km EM conductor outlined by a high powered ground EM survey

Rumble received all assays from its maiden drill program with the assays confirming all three holes intersected large disseminated mineralised sulphide zones within gabbros of the Fraser Range Complex. These sulphide zones are of considerable widths and indicate this large conductor to be a significant mineralised system. Intersecting Fraser Range gabbro is of significance as it is the rock unit which can host magmatic Ni-Cu sulphide deposits.

Detailed petrographic analysis of samples collected from the recent diamond drill program has confirmed the presence of magmatic sulphides. Nickel (pentlandite) and Copper (chalcopyrite) sulphides in association with pyrrhotite and magnetite are present within Fraser Range gabbro.

                                                                  Image 2: Big Red Gravity and Conducor

Thunderdome Project

The Thunderdome Project (E28/2366) covers 140sq km’s in the main Fraser Range Gravity ridge associated with dense mafic/ultramafic rocks of the Fraser Range.

 It has a large prominent dome feature clearly visible on regional airborne magnetic images. This large dome feature is one of the largest in the Fraser Range and has a fold axis of some 22km. Within this larger target area are also several smaller features which may represent later stage intrusions.

Previous exploration for nickel and copper has recently been carried out by Ponton Minerals which is part of the Creasy Group. This regional exploration was of reconnaissance air core drilling on a 5km by 15km spacing with two holes within the current project area of E28/2366. One of the historic aircore drill holes (PNAC036) was highly anomalous in copper and zinc.  Drill hole PNAC036 returned an intersection of 6m @ 0.11% Cu & 0.28% Zn from 51m (EOH 109.5m). This intersection was within a carbonaceous unit which is part of the cover sequence. 

Thunderstorm Project

The thunderstorm project consists of 3 granted license next to Buxton Resources Zanthus Project.

Previous drilling by Buxton identified three separate zones of finely disseminated, magmatic nickel-copper sulphides at their Zanthus project. The presence of magmatic nickel sulphides within mafic to ultramafic intrusive rocks (similar to the host rocks at Nova- Bollinger) indicates that the project is highly fertile and prospective for the discovery of nickel-copper sulphide mineralisation.

 

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