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).

 

RIM Fifield gold

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.

 

RIM rock sample

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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