Rimfire Pacific Mining NL (ASX:RIM) will complete field investigations for Lake Cowal style gold mineralisation over the southern portion of its Fifield Project in New South Wales.
Geological mapping with sampling has commenced and will cover an area of 140 square kilometres.
It is expected to be complete by April.
READ: Rimfire Pacific Mining receives encouraging early stage drill results from Fifield project
Rimfire’s CEO John Kaminsky said: “This is an opportunity to look for the applicability of gold mineralizing concepts in our district, that apply to the south of us, at Lake Cowal, owned by Evolution Mining (ASX:EVN).
“It has certainly been our view that the north-south orientation of geological structures through this part of NSW has a likely bearing on the gold mineralizing positions occurring at Fifield also.”
Consulting geologist with experience in the area being used
Rimfire has engaged consulting geologist Mike Love who has significant experience working in the Lake Cowal area which is located 100 kilometres to the south of Fifield.
Kaminsky added: “It’s great having Mike on board with his extensive experience at Lake Cowal, heading this program.
“Rimfire’s detailed magnetic survey indicates a north-south structure orientation over our tenements at the southern end, so it will be interesting to see how we are able to build on this with Mike’s concepts through the planned field work.
Program also to reveal information about cobalt prospect
“The new work in this area also takes in the Avondale cobalt prospect, so more light is likely to be shed generally on the context for the broader mineralising potential here.”