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Rimfire Pacific Mining NL
Summary
| Project: | Sorpresa | |
|---|---|---|
| Deposit: | Tout East | |
| Location: | Australia | |
| Commodities: | Gold-Cobalt | |
| Date: | 5/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2018: Rimfire Pacific Mining NL announces an Exploration/Drilling Update report for its Tout East deposit at the Sorpresa project. Drilling results incl. 29m @ 0.06% Co, 0.16% Ni, 182ppm Sc from 15m. Rimfire Pacific Mining NL (ASX: RIM) (“the Company | |
| 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 encouraging results for the aircore drilling conducted at the Tout East prospect, Fifield NSW. The Tout East prospect demonstrates capacity for diverse mineralisation in preliminary drill testing in selected areas to date. Large areas of the interpreted Tout East Ultramafic body remain untested by drilling John Kaminsky, CEO, Rimfire stated “Aircore drilling results received for the Tout East program demonstrate both Lateritic Cobalt-Nickel-Scandium potential and Gold-Base metals potential across parts of the broad area tested by recent drilling. “Peak assays include 0.20% Cobalt, 0.45% Nickel, 444ppm Scandium, 0.14g/t Gold, 0.08% Copper, 0.11% Lead, and 0.11% Zinc. The elevation in copper and gold anomalism was somewhat unexpected, and is considered encouraging for the Tout East area, given the interplay of the geological setting, and the noted large gold-copper footprint now established by the Company in the district (which includes Fortuna, Transit and Steeton prospect areas). “The mixed nature of the results indicates the current drill hole spacing (250 x 250m in the north west and locally focused in the south east) is inadequate to define coherent mineralisation. “The next steps will be to incorporate this new drilling dataset with the previous aircore and auger bedrock drilling results from programs implemented through 2017 (under New Gold Inc.), in order to improve the understanding of the geology and mineralisation distribution across this broad area.” | |
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