Proactive Investors - Run By Investors For Investors

Rimfire Pacific Mining completes gravity survey at Fifield

The new gravity data will be integrated with field maps, surface geochemistry and magnetics.
project location map NSW
This will ensure the best targets are pursued during the 2018 summer field season

Rimfire Pacific Mining NL (ASX:RIM) continues to increase its understanding of the Fifield Project in New South Wales after completing a detailed gravity survey.

The survey covered 200 square kilometres and the final data compilation is expected by early November.

Notably, preliminary data indicates significantly improved resolution and the presence of subtle detail that will allow more efficient and effective assessment and testing of targets.

READ: Rimfire Pacific Mining to assess potential high grade zones at Sorpresa

Rimfire’s CEO John Kaminsky said: “This gravity survey should enhance our other recent work completed in mapping, sampling and magnetic geophysics reviews in the Southern and Central areas reported (ASX 3rd July 2018: Fieldwork in the Southern Project Area Highlights Gold Potential).

“The additional selected areas surveyed around Sorpresa, including the Fortuna gold anomaly to the north, and areas to the south-west, should both benefit from the gravity survey.

“This looks interesting, particularly as we know that the historic gravity has a good correlation with the Sorpresa mineralisation.

Preliminary survey data looks encouraging

“The preliminary survey data definitely looks encouraging and is providing greater insights than the publicly available low-resolution regional gravity data.

“Finalising the data compilation, integration and interpretation will be important in prioritising the next steps in these exciting surveyed areas and should further advance the implementation of the company’s strategic pursuits of new discoveries within the Fifield Project.”

Rimfire's major focus is its Fifield Project where it discovered the Sorpresa gold-silver deposit, revealing a maiden resource in 2014.

Since then, multiple prospects involving hard rock potential for gold, silver, copper and platinum have been established within a 6-kilometre radius from Sorpresa.

View full RIM profile View Profile

Rimfire Pacific Mining NL Timeline

Related Articles

1539615615_ZincBalls.jpg
October 16 2018
Dr Graham Carman, president and chief executive, noted that at this point more than 40,000 metres had been drilled...
The Australian Securities Exchange board and Aussie flag
November 06 2018
Chairman James D Calaway gives us the lowdown as the company prepares to begin trading as ioneer Ltd today.
1542719693_zinc-periodic-3.jpg
November 22 2018
A JORC resource is expected early next year, after which Galileo will apply for a mining licence

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use