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Rimfire Pacific Mining NL
Summary
| Project: | Sorpresa | |
|---|---|---|
| Deposit: | Roadside | |
| Location: | Australia | |
| Commodities: | Silver-Gold | |
| Date: | 8/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-8-2016: Rimfire Pacific Mining NL announces an Exploration/Drilling Update report for its Roadside deposit at the Sorpresa project. Drilling results incl. 7m @ 3.87g/t Au, 171g/t Ag from 27m at Roadside. Rimfire Pacific Mining NL (ASX codes: RIM, RIMOA | |
| Resources: | (Resource, I+I): 6.4Mt comprising 7.9Moz Ag, 125Koz Au at Sorpresa | |
| CP/QP: | [Overall Report]: Colin Plumridge (Plumridge & Associates Pty Ltd) | |
| ABSTRACT: | Rimfire Pacific Mining NL (ASX codes: RIM, RIMOA) (“Rimfire” or “The Company”) provides a project area update for activities at Fifield NSW. Recent work has focused on two new Regional prospects to the North (Fortuna prospect) and East (Ben Hur prospect) of the Sorpresa gold and silver mineralised system. CEO and Managing Director, John Kaminsky reflected: “We have advanced the important regional work, and continued with some additional assays from the Roadside area within Sorpresa. “The Fortuna Prospect represents a large surface gold anomaly, with the very limited exposed geology showing veined gossanous black silica, very similar to Sorpresa. This area has never been drilled, and lacks detailed geophysics information. “It is therefore prudent at Fortuna to take a preliminary look at the mineralising system and associated geology, to assist the strategy for the gold discovery. The stratigraphic drilling forms part of this assessment. The program will adjust according to the field observations. “The first 3 holes have shown similarities and differences to the Sorpresa system. The intensity of alteration with serecite, quartz and calcite is encouraging, with evidence of strong hydrothermal fluid movement operating in a dynamic structural setting. “Structurally, a major highly altered thrust appears to be placed between the abundant andesitic volcanics and the black silica. This could highlight an important “contact position” offering a potential focal point for gold in the system, and as such will be a place of special interest to properly define over time. | |
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