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Rimfire Pacific Mining NL
Summary
| Project: | Sorpresa | |
|---|---|---|
| Deposit: | Southern Area | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/26/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-3-2020: Rimfire Pacific Mining NL announces an Exploration/Drilling Update report for its Southern Area deposit at the Sorpresa project. Drilling results incl. 3m @ 0.29g/t Au from 42m. Rimfire Pacific Mining NL (“Rimfire”, “Company”; ASX Code “RIM”) a | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Craig Riley (Internal) | |
| ABSTRACT: | Rimfire Pacific Mining NL (“Rimfire”, “Company”; ASX Code “RIM”) advises that assays for the second phase of the drilling program for Southern Area have been received. These results provide further support that the Rimfire interpretation of these rocks as part of the Ordovician Macquarie Arc rather than younger Silurian or Devonian rocks is valid. However, based on scandium (Sc) versus zirconium (Zr) ratios, the area appears to be associated with Phase II volcanism rather than the Phase III and IV volcanism that is interpreted as being responsible for the nearby significant gold, and copper / gold mineralised systems of Cowal (Evolution Mining) and Northparkes (CMOC) respectively. Phase 3 operational planning is in progress for the Northern Gold and Transit prospects including work to obtain the necessary NSW Government drilling approvals and local landholder access agreements. The Coronavirus will influence the scheduling of company activities in the short term. The Northern Gold prospect is 2km north of Sorpresa and drilling was designed to test the bedrock beneath a +400m long x 80m wide zone of historical mine pits (Figure 1). The Phase 1 RC drilling at the Northern Gold prospect consisted of 2 holes totaling 165.5m. | |
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