Rimfire Pacific Mining NL (ASX:RIM) will carry out further exploration in the next two months aimed at advancing the gold potential of the Southern area of its Fifield project in Central West NSW.
The work program includes ongoing geological fieldwork, sampling and mapping along with a major gravity geophysical survey aimed at improving the resolution on regional data.
Also planned are auger and aircore drilling programs of around 2,000 metres to refine understanding of the geology, geochemistry and depth of cover.
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CEO John Kaminsky said: “The well-executed work programs continue to provide encouraging results and further reinforces the diverse mineralisation the company has within its Fifield project.
“Mick Love’s fieldwork in the Southern area has been very encouraging and enabled the
integration of this area with the detailed knowledge gained elsewhere at Fifield.
“Mick’s district experience with the Cowal and Northparkes discoveries is very relevant in this Southern area, where the company sees additional potential for gold mineralisation.”
Southern area focus
The discovery work programs in the Southern area will provide further context to the geology and mineralisation observations.
This information will be integrated with the other known prospects already identified by the company, in the Central and Eastern Ordovician areas, including Transit and Steeton prospects.
READ: Rimfire Pacific adds scandium to battery metals mix at Avondale prospect
During the June quarter, Rimfire undertook a range of drilling and sampling programs.
In addition, large-scale geologic mapping occurred, particularly focused on the Southern tenement areas to target potential gold prospects.
The company also spent considerable time applying re-interpretations to the large data sets associated with the various prospect areas.
This resulted in a ranking review, which is leading the planning process into new field programs of various types.
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At Tout East prospect, Rimfire demonstrated diverse mineralisation, including cobalt.
Drilling also intersected nickel, scandium, copper and gold.
At Avondale drilling also confirmed the presence of nickel, cobalt and scandium.
Kaminsky said: “The company continues to investigate additional major corporate partnership opportunities to assist the acceleration of the discovery potential for large-scale mineralisation at Fifield.
“A new partnership is worthy of consideration, given the previous track record of the company and quality of the project.”
Seeking additional tenements
Rimfire has recently applied for additional tenements in the Central NSW area.
Desktop reviews show that these have the potential for additional discovery targets similar to those found in the Southern area of the Fifield project