Rumble and CSIRO to explore alteration zone in the Pilbara
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Rumble Resources (ASX:RTR) has partnered with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), to investigate alteration mineral footprints at RTR’s Braeside Project, which is located in the Pilbara region of Western Australia.
With the CSIRO having expertise in mineral exploration interpretation, the duo will undertake a research program geared towards the wide pervasive alteration zones associated with base metal alteration on site.
At the same time, it’s worth noting that this is an early stage play and investors should seek professional financial advice if considering this company for their portfolio.
The collaboration will see the CSIRO aid in defining alteration signatures associated with base metal mineralisation. Importantly, previously completed drill hole spectral studies by RTR have confirmed widespread mineralisation at Braeside.
The company has received a $50,000 grant via the Australian Government’s Innovation Connection program, which is to be matched by RTR’s own funds. These funds will facilitate the commencement of the project.
RTR Technical Director Brett Keillor commented on the announcement, “Rumble has over 1000km2 of prospective tenure, much of it exposed and suitable for spectral mineral mapping. CSIRO is the premiere organisation in Australia with respect to the application of spectral research to exploration.
“The collaborative study with CSIRO will gain an understanding of the mineral alteration and mineralisation relationship that may lead to significantly expediting generation of high order targets for further geochemistry and possible drill testing.”
Previous exploration by RTR, including detailed surface geochemistry, prospect geological mapping and first pass RC drilling, has highlighted a strong association of base metal mineralisation with wide zones of pervasive silica-sericite-chlorite alteration.
The base metal mineralisation extends over a 34km strike within E45/2032 and is completely open. The mineralisation is associated with several altered structures which include the historic High Grade Ragged Hills Mine located at the southern end of the prospective zone.
Within the E45/2032 tenement are 11 instances of significant base metal in soil, with only four of these having been partly tested with the latest reconnaissance RC drilling, which identified a new high-grade zinc discovery at Devons Cut in the maiden drill program (below).
CSIRO will support RTR in their exploration R&D efforts as part of an Innovation Connections project.
The study by CSIRO will include:
- Collection and
evaluation of public (ASTER) and commercially (WorldView-3) available
multispectral spaceborne data which will map:
- Background alteration
- Major geological units
- Alteration assemblages potentially associated with base metal mineralisation
- Dominant structures with additional aeromagnetic data
The study objectives are to:
- Evaluate
multispectral remote sensing imagery for mapping alteration
- Evaluate the potential
for extrapolating remotely sensed mineral footprints from outcrop/subcrop areas
to in-situ covered areas
- Investigate
spatial and/or genetic relationships of sericite-silica and chlorite alteration
with high grade sphalerite and galena values
RTR expects the study to be completed in five months, which will run parallel with its current exploration program at the Braeside Project.
General Information Only
This material has been prepared by StocksDigital. StocksDigital is an authorised representative (CAR 000433913) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
