Tag: Rumble Resources

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Morning News Bites – September 24

Morning News Bites for September 24. Westpac settles AUSTRAC case for $1.3b, a new breakthrough could lead to a common drug delaying dementia and Cleanaway CEO loses $2.3m grant. 

More high‐grade gold results from the Abujar‐Gludehi deposit for West African gold explorer and developer Tietto Minerals Limited, part of its 2.2Moz Abujar Gold Project in Côte d’Ivoire, West Africa. The latest results, including diamond hole at Abujar-Gludehi contain highlights of, 21m @ 7.34 g/t Au from 173m including 4m @ 35.08 g/t Au (which includes 1m @ 134.48 g/t Au), 7m @2.36 g/t Au from 208m. Tietto is on track to release an updated resource estimate for Abujar in mid‐October following completion of more than 61,000m of drilling. Tietto Managing Director, Dr Caigen Wang, said: “This is a good result from Section line 25B that further confirms the potential of our high‐grade AG deposit where we expect to be able to develop an open‐pitable resource. We will soon receive all the assays from over 61,000m of diamond drilling at Abujar to add to our resource update, which remains on track for release in mid‐October.”

Apollo Consolidated Limited provided a further update on recent resource definition and exploration activities at its Lake Rebecca Gold Project located 150km east of Kalgoorlie in the West Australian Goldfields. Infill and step-out drilling at the Duke deposit further defines further significant widths of gold mineralisation, with highlights including: 36m @ 1.89/t Au, 41m @ 1.16g/t Au, 21m @ 1.36g/t Au in and 17m @ 1.34g/t Au. These results confirm confidence around the existing 80,000oz Inferred Mineral Resource estimation for the Duke deposit, which remains open at depth and to the east.

Castillo Copper Limited confirmed that 24 assayed rock chips, taken from excavated ore and unexplored areas across the Big One Deposit, show a high-grade copper mineralisation. The assays for 24 rock chip samples showed high copper percentages across the board with the best three including 33.2% Cu, 32.1% Cu, and 26.6% Cu. Furthermore, the assays verified gold occurrences that may provide credits in the event of future mining operations. The teams from CCZ and Depco Drilling are targeting drilling work to commence by 12 October 2020. Castillo Copper’s UK Director Ged Hall commented saying, “The new assays from the Big One Deposit are a great validation of the high-grade ore seen at this exciting project. It gives the team tremendous confidence to see these results spread across the tenure and including target areas that will be drilled soon.”

Assay results for 18 reverse circulation drill holes from the recent infill program at Break of Day for Musgrave Minerals. Drilling has confirmed a number of near surface extensions to the gold mineralisation at Break of Day on the Twilight and Velvet gold lodes. This includes highlights of, 3m @ 40.0g/t Au from 83m, 9m @ 3.1g/t Au from 30m and 3m @ 20.8g/t Au from 79m. The intent of the program was to identify shallow extensions to the existing gold lodes and improve the confidence in the geological model. Managing Director Rob Waugh said, “These are encouraging results and confirm the near surface gold potential on the Twilight and Velvet gold lodes. The identification of high-grade results outside the existing Twilight and Velvet geological model increases the upside potential and the possibility of additional, previously unidentified lodes being discovered.”

Rumble Resources Ltd announced that a multiphase systematic exploration campaign has delineated 45 priority Cu-Au-Zn-Pb-Ag-V targets at the Braeside Project, located 129km east of Marble Bar in the East Pilbara Region of Western Australia. The multi-rig drill programme which will consist of reverse circulation (RC) and diamond drilling (co-funded by EIS), testing a range of these high priority targets. RC drilling will focus on near surface targets, and the diamond drilling will focus on deeper targets, to which will also assist with a better geological understanding of the system.

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Morning News Bites – September 16

Morning News Bites for September 16. Australian Nurses Union study finds COVID-19 infections in Australia could be nearly 60,000 more than reported, heavy rain forecast for drought-stricken towns in central Australia and Technology Metals Australia announce a life-of-mine update for their Gabanintha Vanadium Project in WA. 

Technology Metals Australia Limited announced an update of the Gabanintha Vanadium Project located 40km south of Meekatharra in Western Australia, with the life of mine operating schedule extended to 22.5 years. The reserve estimate increased to 39Mt at 0.9% V2O5 – a 32% increase on the DFS Ore Reserve, and the Maiden Southern Tenement Probable Ore Reserve with an estimate of 9.4Mt at 0.97% V2O5 – a very high 98% conversion from the Indicated Mineral Resource estimate. Managing Director Ian Prentice commented, saying “The 22.5 year initial project life is expected to be viewed favourably by prospective Project financiers, strategic partners and key stakeholders.”

A large gold target has been identified just 20km from Hemi discovery at Kairos’ Kangan Project in the Pilbara. A large anomalous gold target has been identified, adjacent to major regional structures identified from new aeromagnetic and soil geochemistry data. This target is one of four gold targets identified at Kangan following a recent Ultrafine soil geochemistry program. Heritage surveys and 5,000m of air-core drilling are planned for October/November at Kangan. The Reverse Circulation (RC) rig has completed eight 8 holes for 1,424m at Fuego to date, intersecting broad zones of sulphides (pyrite) in conglomerates, sandstones and black shale.

Great Northern Minerals Limited announced the receipt of the initial four metre composite results from the Reverse Circulation (RC) drilling programme at their Big Rush Gold Project in Northern Queensland. The drilling at Big Rush totalled 22 RC holes for 3,634 metres spread over approximately 900 metres of strike underneath the southern, central and northern previously mined shallow open pits. Drill hole depths ranged from 110 to 250 metres depth and averaged 165 metres. First assays from the drill program have returned high grade results including, 24m @ 3.90 g/t Au including 8m @ 10.57 g/t Au from 140 metres and 32m @ 3.89 g/t Au including 4m @ 18.97 g/t Au from 76 metres.

Rumble Resources Ltd reported that three phases of target generation have been completed at the Munarra Gully Project. The target generation has delineated multiple high priority RC drill targets at the Amaryllis Au -Cu-Ag Prospect located on the Munarra Gully Project, located some 50km NNE of the town of Cue within the Murchison Goldfields of Western Australia. Rumble has now commenced an RC drill program to test the new geophysical (conductors and magnetic) targets that have potential for large-scale Au–Cu–Ag deposits. Previous high-grade gold drill intercepts include highlights of 5m @ 11.67 g/t Au from 161m and 2m @ 13.45 g/t Au from 92m.

A 5,500 metre aircore (AC) drilling program has been announced for Bryah Resources Limited at various prospects within the company’s Basin Project, located in central Western Australia. The aim of the AC drilling program is to complete testing the large soil geochemical anomaly located at Windalah East, and undertake first pass reconnaissance drilling, primarily for gold-copper, at the Wongawar, Fortnum East and Fiddlers East prospects. The program is expected to take 2-3 weeks to complete. Managing Director Neil Marston said, “This is the most substantial drilling program undertaken by the Company this year, these areas have been carefully identified by the company, with in-depth consideration given to encouraging geological information. The new target areas are all highly prospective for gold and copper.”