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Rimfire Pacific Mining NL
Summary
| Project: | Sorpresa | |
|---|---|---|
| Deposit: | Transit | |
| Location: | Australia | |
| Commodities: | Silver-Gold-Copper | |
| Date: | 10/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-10-2017: Rimfire Pacific Mining NL announces an Exploration/Drilling Update report for its Transit deposit at the Sorpresa project. Drilling results incl. 44m @ 0.63g/t Au from 36m. Rimfire Pacific Mining NL (ASX code: RIM) (“Rimfire” or “The Company”) | |
| Resources: | (Resource, I+I): 6.4Mt @ 0.61g/t Au, 38g/t Ag 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 information on the completed first pass drilling Reverse Circulation (RC) and Diamond (DD) drilling programs that New Gold Inc. (TSX/NYSE: NGD) and Rimfire had jointly undertaken during the third quarter. The drilling program was designed to examine some specific target concepts, a deeper geological context and provide information for further follow up drilling rather than be an exhaustive test of the project area. The overall program outcomes were considered positive. The Transit gold and copper prospect, located 4km east of the Sorpresa Gold and Silver resource, represents the highlight in the assay results. The observations and context for the results provide strong encouragement to further examine the Transit prospect and the surrounding areas, expanding the potential for a new gold discovery. The recently completed drilling has been complemented by additional surface sampling and mapping, and has led to the initiation of a Phase 2 Aircore infill drilling program, which has now commenced. In the first instance, this new Aircore program will focus on two areas, the greater Transit prospect area, and the Fortuna Gold anomaly area. For the majority of the other target areas, drilling took longer than expected and delivered less metres than originally anticipated, due to difficult drilling conditions (fractured ground) and limited land access in places. The Carlisle magnetic feature and Moonrise target were successfully tested, but did not yield significant results. However, this does not change the overall positive nature of the project area, with a strong pipeline of targets continuing to emerge. | |
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