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Rimfire Pacific Mining NL
Summary
| Project: | Sorpresa | |
|---|---|---|
| Deposit: | Transit | |
| Location: | Australia | |
| Commodities: | Silver-Gold-Copper | |
| Date: | 9/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-9-2017: Rimfire Pacific Mining NL announces an Exploration/Drilling Update report for its Transit deposit at the Sorpresa project. Drilling results incl. 44m @ 0.61g/t Au from 36m. Rimfire Pacific Mining NL (ASX code: RIM) (“Rimfire” or “The Company”) | |
| Resources: | (Resource, I+I): 6.4Mt containing 7.9Moz Ag, 125Koz Au at Sorpresa | |
| CP/QP: | [Overall Report]: Colin Plumridge (Plumridge & Associates Pty Ltd) | |
| ABSTRACT: | Rimfire Pacific Mining NL (ASX code: RIM) (“Rimfire” or “The Company”) is pleased to provide the progress on the drilling program on the Transit gold and copper prospect, located 4km east of the Sorpresa Gold and Silver resource. New Gold Inc. (TSX/NYSE: NGD) and Rimfire are jointly undertaking first pass drilling on five targets (Figure 4), using a combination of Reverse Circulation (RC) and/or Diamond (DD) drilling. CEO, John Kaminsky commented on the drilling results at Transit gold and copper prospect: “This is a very exciting development at Transit. We are extremely delighted to note the gold intersections of this width in first pass drilling from so few holes. Similarly, a context of other important metal signatures including copper and molybdenum with an alteration overprint is a great addition to the story, and this is also very pleasing to see. The big picture here, is a possible larger porphyry mineralised system operating at depth. There is a way to go, but this is an impressive start. There is a correlation of the shear zone gold intersection to the pathfinder element Arsenic as shown in Hole Fi0808. This is encouraging, as it gives us a broader search parameter which we can utilise to test the surface position for structures that could be conducive to gold at other locations. A low level elevated Molybdenum signature was also noteworthy in hole Fi0808.” | |
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