Rumble Resources defines high-grade drill targets at WA gold play
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 Ltd (ASX:RTR) has provided an update on the scheduled RC drill program at the Nemesis Gold Project 40 kilometres north of Cue in the Murchison Goldfields of Western Australia.
RTR anticipates that drilling at Nemesis will commence mid-May 2018, subject to approvals and subsequent drill site preparations.
RC drill holes will be targeting the depth extensions of the historic Nemesis gold mine for potential high-grade mineralisation, with holes planned to test areas of historic elevated gold in soil anomalism west and east of the Nemesis mine within the Nemesis Shear Zone.
The Nemesis Shear Zone is believed to “extend under a laterite plateau to the east” and has not yet been drill tested; furthermore, strong gold in soil anomalism has not been drilled tested to the west either.
It should be noted that RTR is an early stage company and investors should seek professional financial advice if considering this stock for their portfolio.
Between 1900-1910, the mine produced 7157oz of gold from 2276t of ore, at 98 g/t gold grade. To date, there has been no drilling to test the depth extension to the Nemesis mine workings.
Project Location, Geology and RC Drill Hole Locations
Nemesis Mine depth extension
Historic workings undertaken at the Nemesis gold mine have extended to a maximum depth of 70m with three steep plunging high-grade gold (average grade of 98 g/t gold) shoots (85° to the east) over a strike length of 60m.
Further, the RC drilling along strike to the east was very shallow (maximum vertical depth of 35m) and did not test the plunging mineralisation. RTR therefore plans to complete up to three RC drill holes targeting high-grade gold mineralisation below the current Nemesis ore shoots, as shown below:
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.
