Rimfire Pacific Mining Limited

More Sulphides in Step Out Holes at Bald Hill Cobalt-Copper Prospect

Rimfire Pacific Mining (ASX: RIM, “Rimfire” or “the Company”) is pleased to advise that the first two diamond drill holes completed as part of a larger 6 hole (~1,000 metre) step out drilling program at the Bald Hill Cobalt Copper Prospect, have successfully intersected multiple broad zones (downhole widths) of sulphide mineralisation 100 – 200m away from previous high-grade cobalt drill intercepts.


Highlights

  • The first two holes in the current diamond drilling campaign have intersected multiple broad zones (downhole widths) of sulphide mineralisation 100 – 200m away from previous high-grade cobalt drill intercepts;
    • FI2612 intersected disseminated and banded sulphides (pyrite) between 70 and 110m, and semi-massive sulphides (pyrrhotite) between 110 and 129m
    • FI2613 intersected disseminated and banded sulphides (pyrite) between 67 and 105m, disseminated and fracture – fill sulphides (pyrite) between 105 and 128.5m and brecciated semi – massive sulphides (pyrrhotite) between 151.9 and 185.1m
  • The sulphides intersected in the current drillholes are visually similar to the high-grade mineralised intercepts obtained in Rimfire’s previous drilling at Bald Hill with assay results required for confirmation
  • First assay results expected within 6 to 8 weeks as the 6-hole diamond drilling program continues

Commenting on the announcement, Rimfire’s Managing Director Mr David Hutton said: “The Bald Hill prospect continues to grow with broad zones of great - looking sulphides intersected in the latest step out holes.

The diamond drilling is helping our geologists build a detailed model for the prospect and we look forward to seeing what the rest of the program delivers.

Drilling, geological logging, and sampling is continuing, with first assays expected in 6 to 8 weeks’ time and Rimfire looks forward to providing further updates as new information comes to hand.”

Figure 1: FI2612 diamond (NQ) drill core from 112.32 to 119.45 metres showing semi- massive sulphides from 112.32 metres to 117.40 metres. The location of Figure 2 is shown by the red square.

Figure 2: Detail of semi massive sulphides around 114.40 metres in FI2612 with location shown in Figure 1 above. Brown sulphides are pyrrhotite and pale-yellow sulphides are pyrite.


Click here for the full ASX Release

This article includes content from Rimfire Pacific Mining Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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