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Rimfire Pacific Mining NL
Summary
| Project: | Sorpresa | |
|---|---|---|
| Deposit: | Northern View, Tout East | |
| Location: | Australia | |
| Commodities: | Gold-Cobalt | |
| Date: | 3/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-3-2018: Rimfire Pacific Mining NL announces an Exploration/Drilling Update report for its Northern View, Tout East deposit at the Sorpresa project. Drilling results incl. 10m @ 332ppm Co, 0.058ppm Au from 14m. Rimfire Pacific Mining NL (ASX: RIM) (“th | |
| 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 an update on the results and progress of first pass drilling programs on the Northern View and Tout East prospects within its Fifield Project. The Northern View drilling represents a test of a small area highlighted by surface geochemistry, within a broader ~1.5km diameter area of magnetite destruction and introduction. The drilling, while generating low tenor assays, supports the interpretation of hydrothermal alteration across this broader area. The area remains prospective for gold and cobalt. John Kaminsky, CEO, Rimfire commented: “It was pleasing to confirm the presence of cobalt and gold on the first pass drilling at Northern View as the larger 1.5km diameter area remains prospective. “We were finally able to complete the balance of the Tout East holes, interrupted by weather and contractor availability. “Samples have now been submitted to the laboratory for both Tout East and the Avondale prospect, where drilling was also recently completed, with results and interpretation expected in the next 4~6 weeks from both prospects. “Positive results will provide a basis to undertake an additional set of work programs on each of these areas according to the relative potential for cobalt mineralisation.” | |
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