Rimfire Pacific Mining NL’s (ASX:RIM) fieldwork in the Southern area of its Fifield project has highlighted the potential for large scale gold mineralisation.
The updated interpretation of bedrock geology has identified key district geology with known association to economic gold (and copper) mineralisation seen elsewhere in the district.
Rimfire is now planning new discovery work programs to advance the potential of the Southern area.
These programs will provide further context to the mineralisation for integrating with other known prospects already identified by Rimfire in the Central and Eastern Ordovician areas.
READ: Rimfire Pacific Mining receives encouraging early stage drill results from Fifield project
Rimfire chief executive officer John Kaminsky said: “The field investigations in the Southern area were undertaken by senior geologist, Mike Love, whose district knowledge and experience historically include extensive exploration and discovery work on the Cowal and Northparkes deposits.
“Mike has provided an invaluable contribution to the Southern areas of the Fifield Project, which are now more integrated with the discovery concepts in the northern areas of the project.
“The technical team assembled by the company for the next stage of discovery outcomes has now completed detailed ranking of the prospects, and work plan priorities, with an exciting few months ahead.”
Strong pipeline of discovery opportunities
Kaminsky added: “We would expect to be engaging drilling and geophysical contractors shortly, for commencement July/August.
“The company is simultaneously investigating additional partnership opportunities to assist the acceleration of the strong pipeline of discovery opportunities now established in the Fifield Project.
“The diverse geology and complex structural setting, combined with the variety of metals, including gold, silver, copper, platinum and cobalt in the project area is unusual.
“This continues to indicate a very desirable project setting for major ore deposit discoveries in the company’s view.”