While the obvious names have been notching up big gains on zinc’s run to 10-year highs, a little thing called Rumble Resources (RTR) is gaining attention on the strength of its Braeside project in the east Pilbara, about 140km east of the appropriately hotter-than-hot Marble Bar.
Trading at 4c for a market cap of $11m, Rumble has taken a systematic approach to unlocking the broader potential of Braeside, an historic lead-silver-zinc producer from the small-scale Ragged Hills mine from 1901 to 1959.
The systematic approach – it will lead to drilling of priority targets by the end of the year – should be expected given the appointment in November last year to the board as technical director of Brett Keillor.
A seasoned geologist, Keillor was most recently chief geologist for Independence (ASX: IGO) from 2002 to 2015 and remains a consultant to the group.
Discoveries he has been involved in over the years include the Marymia gold deposit (1987), the Plutonic gold deposit (1994) and the Tropicana gold deposit for IGO. He has twice received AMEC’s “Prospector of the Year” award.
Apart from Ragged Hills, Braeside is home to multiple high-grade zinc, lead, copper and silver occurrences associated within a major fault zone within volcanic rocks over a strike length of some 60km.
It is devoid of the sort of modern day exploration techniques Keillor has brought to the hunt. The hope is that Rumble is on to a previously overlooked camp containing multiple volcanogenic massive sulphide deposits.
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