Page 78 - pd296-August21-mag-web

BAse MetALs

Rumble in the

Earaheedy jungle

umble Resources Ltd has its sights firmly fixed
R on proving up what could be the largest zinc-
lead discovery ever made in Western Australia.

hares in Rumble soared almost 700% investors to fast-track the company’s explo- “If we do delineate 100mt it will be the
Searlier this year after the company un- ration plans for the emerging opportunity at biggest zinc-lead discovery in Western Aus-
veiled a potential Tier 1 discovery at Chinook, Earaheedy. tralia, no question. I can’t remember the last
part of the company’s 75%-owned Eara- A 30,000m RC and diamond drilling pro- time something of this scale has been dis-
heedy project, about 110km north of Wiluna. gramme is currently under way to scope out covered,” he said.
The discovery was headlined by stunning the discovery at Chinook and gain a better “South32 [Ltd] a couple of years ago
intersections of 34m @ 4.22% zinc-lead understanding of the style of mineralisation, bought the Hermosa deposit [in Arizona,
from 66m (including 17m @ 6.65% zinc-lead as well as potentially make further discover- US] for about $2 billion cash and that’s a bit
from 73m and a higher-grade core zone of ies on the growing project footprint. more than 100mt, so clearly when you find
14m @ 5.02% zinc and 2.03% lead from Last month the company lifted its explo- something of scale it’s going to be of state
76m) and 21m @ 4.31% zinc-lead from 61m ration target at Earaheedy to 100-120mt @ significance.
(including 10m @ 5.02% zinc-lead from 3.5-4.5% zinc-lead after assays from broad- “A lot of the large scale zinc-lead mines
67m) in two vertical holes representing true spaced scout drilling increased the miner- have been depleted…it’s exciting to think
width. alised footprint by 700m in a south-west to what we could end up with given the macros
All 26 holes drilled into the Chinook pros- north-east direction and a further 900m in a are great at the moment for zinc.”
pect throughout the initial programme inter- south-east to north-west direction. It has been quite the journey for Rumble,
sected zinc-lead mineralisation. Speaking to Paydirt after a whirlwind few which has built up an extensive portfolio of
Rumble immediately took advantage months which also included the birth of his exploration projects over the past few years
of its surging share price and locked away second child, Rumble managing director and adopted a “drill to kill” approach which
$40 million via a placement to new and well- Shane Sikora said the size of the opportunity has resulted in multiple assets being passed
known major institutional and sophisticated in front of his company was enormous. over.

Page 78 aUgUST 2021 aUSTRaLIa’S PaYDIRT