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- Phase 2 of Rimfire Pacific Mining’s drilling program at the Southern Area will begin shortly
- It will follow from phase 1 and will focus on getting rock samples to test for anomalous geochemistry
- Phase 3 will follow and commence sometime in the first quarter of 2020
- Rimfire is down 20 per cent at market close with shares trading for 0.2 cents each
Rimfire Pacific Mining has advised Phase 2 drilling at the Southern Area of Fifield will commence shortly.
Phase 2 will focus on obtaining rock samples to test for anomalous geochemistry on geochemical targets which have seen no bedrock drilling.
The program will also gather magmatic and intrusive bedrock samples for whole rock geochemical analysis to assess the magma and its similarity to Ordovician Macquarie Arc volcanism which hosts significant local deposits.
These samples will ideally have minimal overprinting from weathering events as these can cause changes to the rock chemistry and can affect the quality of results.
“Rimfire is excited to commence the next phase of its discovery program with the Phase 2 Drilling Program building on the insights gained from the Phase 1 drilling,” Managing Director Craig Riley said.
On November 5, results were released from Rimfire’s Phase 1 drilling program.
The first phase of reverse circulation drilling at the Northern Gold prospect consisted of two holes totalling 165.5 metres and followed on from a previous auger and single air-core drill hole program.
Drilling didn’t intersect high-grades of gold however, it generated anomalous copper, lead, copper and zinc.
Following upcoming drilling of the Southern Area, the company will explore the Northern Gold prospect.
At the Southern Area, air-core drilling consisted of 14 holes, totalling 634 metres, in two sub areas.
Assays didn’t identify geochemical anomalism but the samples were suited to a lithogeochemical assessment to determine if the local bedrock is part of the Ordovician Macquarie Arc.
“The results of the Phase 2 Drilling Program are expected to be released after assaying and QAQC checks are complete towards the end of 2019,” Craig added.
Phase 3 will follow and commence sometime in the first of 2020.
Rimfire is down 20 per cent at market close with shares trading for 0.2 cents each.
