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Rimfire Pacific Mining NL
Summary
| Project: | Sorpresa | |
|---|---|---|
| Deposit: | Roadside | |
| Location: | Australia | |
| Commodities: | Silver-Gold | |
| Date: | 7/6/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-7-2016: Rimfire Pacific Mining NL announces an Exploration/Drilling Update report for its Roadside deposit at the Sorpresa project. Drilling results incl. 2m @ 3.50g/t Au, 2360g/t Ag, 1.54% Pb, 1.76% Zn from 35m. Rimfire Pacific Mining NL (ASX codes: RI | |
| Resources: | (Resource, I+I): 6.4Mt comprising 7.9Moz Ag, 125Koz Au | |
| CP/QP: | [Overall Report]: Colin Plumridge (Plumridge & Associates Pty Ltd) | |
| ABSTRACT: | Rimfire Pacific Mining NL (ASX codes: RIM, RIMOA) (“Rimfire” or “The Company”) provides new RC drilling results which include the largest individual 1m intersection for silver encountered in the project to date. This tranche of drilling involved 15 holes (905m) examining the high grade lens at the Roadside area to the south, west and north in the known Sorpresa gold and silver mineralised system. The drilling focus was in the oxide (0~60m). “This round of drilling has produced a spectacular silver hit, with 2m @ 3.50 g/t Au & 2360 g/t Ag (incl. 1m @ 6.24 g/t Au & 3170 g/t Ag) from 35m in hole Fi0778. This 2m interval was also accompanied by a small Zinc and Lead credit. “We are seeing bonanza grade silver (>1000g/t Ag) emerge fairly frequently now in this gold-silver system operating at Roadside, with this latest intersection being the highest silver yet. “Two interesting aspects emerged in this latest drilling. Firstly, hole Fi0777 (8m @ 5.11 g/t Au & 80g/t Ag) is on the western margin of the Roadside lens, and whilst shallow at 7m, still does not daylight to surface. The only data point we have further west, is our strongest soil sample result at Sorpresa, namely 144ppb Au (in 2010), 150m away. We will be checking the possibility of a continuation of the high grade shoot to the west, with an auger drilling program, then follow up RC drilling at some point. | |
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