Rimfire Pacific Mining NL (ASX: RIM) – $0.018
24 Feb 2015
Rimfire Pacific Mining NL (ASX: RIM) has intersected gold mineralisation from initial reconnaissance drilling at the Carlisle Target 1 Prospect located within the Fifield Project in New South Wales (Figure 1).
Figure 1. Location of Fifield Project
Highlights from assay results include:
- 7 metres at 1.47g/t gold from 0 metres including 2 metres at 4.35g/t gold from 3 metres
- 4 metres at 1.79g/t gold from 6 metres including 2 metres at 2.29g/t gold from 8 metres
- 4 metres at 1.02g/t gold from 12 metres
The reconnaissance program was designed to investigate the potential for near surface gold mineralisation underlying high grade rock chip results of up to 23.0g/t gold (Figure 2). The recently completed reverse circulation drilling program consisted of 8 holes for a total of 512 metres drilled. Each of the eight drillholes intersected gold mineralisation.
Figure 2. Rock chip sample from Carlisle returning 23.0g/t gold
Follow up reverse circulation drilling is being planned along strike where soil geochemistry and aeromagnetics indicate strike extensions. A second magnetic target has been 3D modelled in preparation for drilling that is anticipated to commence in the coming months.
For further information, visit www.rimfire.com.au
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