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Rimfire Pacific Mining confirms six priority targets near Sorpresa gold and silver discovery

The company aims to monetise Sorpresa and the identification of proximal mineralisation will positively impact the project’s economics.
Rimfire Pacific Mining confirms six priority targets near Sorpresa gold and silver discovery
The six new targets are Casuarina Valley, Rabbers Lookout, Wiggies, Fortuna, Northern Gold and Transit Corridor

Rimfire Pacific Mining NL (ASX:RIM) has confirmed six priority targets through the integration of high-resolution gravity survey results with past exploration data at its Sorpresa discovery in NSW.

The company completed a review of the data as part of the first component of its dual strategy to monetise the Sorpesa discovery, which is in Rimfire’s wider Fifield Project.

Monetisation will provide a positive cash contribution and Rimfire plans to evaluate additional Sorprosa basin exploration targets that are within 5 kilometres of the original discovery.

Any new discoveries of similar style mineralisation near the existing known mineralisation have the potential to substantially impact the current economic appraisal of Sorpresa.

READ: Rimfire Pacific Mining raises $1.1 million to advance Sorpresa development and regional exploration

Rimfire business development manager Craig Riley said: “This work plan will provide additional momentum to component I of the dual strategy for the appraisal of the known Sorpresa gold and silver resource.

“[It is also] quickly and efficiently assessing the immediate surrounds of Sorpresa mineralisation for discovery extensions.”

READ: Rimfire Pacific Mining adds new tenements with potential to host Ordovician age rocks

The new targets are suited to a combination of surface and bedrock sampling via auger and aircore drilling.

As the depth to bedrock can be quite variable the first phase of work will be the auger program.

Auger drilling is a low-impact, low-cost method of drilling that can gather reliable data quickly.

The analysis of this data may allow direct targeting for follow-up reverse circulation drill holes.

Rimfire will has begun detailed work planning on individual prospects and auger drilling will start this week or next, subject to weather.

The company aims to complete as much field work as possible prior to Christmas and finish data analysis once assay data is received in January.

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