Rimfire Pacific Mining NL (ASX:RIM) has confirmed encouraging cobalt-nickel-scandium results from drilling at the Tout East prospect within its Fifield project in New South Wales.
The thickest intersection was 29 metres at 0.06% cobalt, 0.16% nickel and 182 ppm scandium from 15 metres, which includes 6 metres at 0.18% cobalt, 0.17% nickel and 0.044% scandium.
READ: Rimfire Pacific Mining receives encouraging early stage drill results from Fifield project
Gold and base metal anomalism is also present in parts of Tout East with the best intersection of 3 metres at 0.08% copper and 0.137 g/t gold from 18 metres.
Large gold-copper footprint established in the district
The mineralisation sits within an intrusive complex which is the setting of CleanTeq’s (ASX:CLQ) Sunrise deposit and Australian Mines’ (ASX:AUZ) Flemington deposit, each of which are located close to Fifield.
Rimfire chief executive officer John Kaminsky said: “Aircore drilling results received for the Tout East program demonstrate both lateritic cobalt-nickel-scandium potential and gold-base metals potential across parts of the broad area tested by recent drilling.
“The elevation in copper and gold anomalism was somewhat unexpected, and is considered encouraging for the Tout East area, given the interplay of the geological setting, and the noted large gold-copper footprint now established by the company in the district (which includes Fortuna, Transit and Steeton prospect areas).”
Next steps
The mixed nature of the results indicates the current drill hole spacing (250 metres x 250 metres in the northwest and locally focused in the southeast) is inadequate to define coherent mineralisation.
Rimfire will now incorporate the new drilling results with the previous drilling results from programs implemented through 2017 (under New Gold Inc.).
The objective is to improve the understanding of the geology and mineralisation distribution across the area.