The minerals explorer moved to 100% ownership at the project that also hosts copper and silver after it snapped the remaining stake in two exploration tenements.
Rumble’s latest acquisition now covers 670 square kilometres and comprises four granted exploration licences.
Of particular interest are Braeside’s Camel Hump volcanic massive sulphide (VMS) and Barker Well lead-silver-zinc prospects, which are associated with a large fracture system that extends for more than 60 kilometres of strike and up to 8 kilometres in width.
Ultimately, the consolidation increases the company’s tenure over the East Pilbara’s Fortescue and Paterson provinces, with significant interest in three projects spanning more than 2,700 square kilometres.
As well as being sole owner at the Braeside asset, Rumble wholly owns the 793-square-kilometre Warroo Project and the 1275.6-square-kilometre Lamil Project.
Consolidation at Braeside
To consolidate its ownership at Braeside, Rumble moved to acquire the remaining 30% stake in exploration licences E45/2032 and E45/4368.
The minerals explorer acquired all of the first licence — in which it already held a 70% stake — by issuing Maverick Exploration Pty Ltd 1.8 million new fully paid ordinary shares.
Rumble then snapped up the remaining 30% interest in the second licence by issuing Great Sandy Pty Ltd half a million new fully paid ordinary shares.
The company has been active at the Pilbara-based zinc-lead-silver-vanadium-copper play since it was acquired in April 2017, with exploration kicking off the following month.
Prior to Rumble’s acquisition, no systematic modern exploration had been completed at the Braeside project.
Since it first secured the East Pilbara project, Rumble has generated 45 multi-element targets, all of which are capable of large discoveries.
Camel Hump and Barker Well
Late last year, the explorer tested several of the project's targets, uncovering significant widths of copper and VMS-style mineralisation at Braeside’s Camel Hump prospect.
Additionally, the discovery of high-grade galena mineralisation from the surface at the project’s Barker Well prospect highlights the potential for a “cluster” of camp-scale base metal deposits at Braeside.
Considerably, the Camel Hump prospect could lead Rumble to a new VMS province at Braeside. The company’s Warroo Project lies just 30 kilometres to the southeast, where it’s previously reported on the asset’s high prospectivity for VMS deposits.
Significantly, the host lithology to the copper mineralisation at Camel Hump has similar characteristics to the Warroo Hill Member lithologies.
Meanwhile, at the Barker Well prospect, a 52-hole reverse circulation program intercepted three steep-dipping, high-grade galena breccia zones, which significantly upgraded the Barker Well as a potential economic lead-zinc-silver operation.