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Rimfire Pacific Mining NL
Summary
| Project: | Sorpresa | |
|---|---|---|
| Deposit: | Avondale | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel | |
| Date: | 5/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-5-2018: Rimfire Pacific Mining NL announces an Exploration/Drilling Update report for its Avondale deposit at the Sorpresa project. Drilling results incl. 20m @ 0.18% Ni, 0.1% Co from 10m. Rimfire Pacific Mining NL (ASX: RIM) (“the Company” or “Rimfire | |
| Resources: | (Resource, I+I): 6.4Mt @ 0.61g/t Au, 38g/t Ag for 125Koz Au, 7.9Moz Ag contained | |
| CP/QP: | [Overall Report]: Todd Axford (Geko-Co Pty Ltd.) | |
| ABSTRACT: | Rimfire Pacific Mining NL (ASX: RIM) (“the Company” or “Rimfire”) provides positive assay results covering the 11 holes recently drilled in March at Avondale prospect. John Kaminsky, CEO, Rimfire commented: “The review of cobalt observations continues at a number of levels at Fifield with the Avondale prospect now providing strong encouragement with these latest results. “The assay results confirm some very significant intercepts for nickel and cobalt. The southern extension, in sparse drilling may indicate a depletion in the mineralisation (Fi0904; 2m @ 0.03% Co & 0.26% Ni), but this will require further investigation. The results also indicate potential for significant scandium mineralisation (Figure 1 page 2). “With the intersection of scandium in this round of drilling, we now have the full metal suite of elements (Co, Ni, Sc, Pt) at Avondale that are seen at the adjacent Tout Complex (CleanTeq). “We are still dealing with information gaps in the historic data, so making appropriate re-submissions of some of the historic pulps for re-assay for cobalt and nickel is a logical next step. We will then be in a position to determine the subsequent drilling plans at Avondale. “It should also be remembered that the Avondale area was historically targeted for its platinum potential, yielding historic platinum results of the order 0.5 to 1g/t Pt. Whilst we have not assayed this latest drilling for platinum, it is our intention to do this at a later date. “The results at Tout East and Avondale demonstrate the capacity for the Company to advance the potential for cobalt-nickel-scandium mineralization at Fifield. Whilst in parallel, the Company continues the strong focus already established for additional gold-copper discoveries in the district.” | |
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