Rimfire Pacific Mining (ASX: RIM, 'Rimfire' or 'the Company') is pleased to advise that assay results from the first of three diamond holes recently drilled at the 100% - owned Bald Hill cobalt target has confirmed cobalt mineralisation in sulphides with the following strong intercept; Commenting on the announcement, Rimfire's Managing Director Mr
With focused exposure to copper, nickel, cobalt, scandium, and PGEs, Rimfire is well placed to deliver shareholder value in this sector. Assay results from the remaining two holes at Bald Hill which both intersected extensive zones of sulphides, are expected early September and Rimfire looks forward to providing updates as information comes to hand.'
Bald Hill discussion
Rimfire's 100% - owned Bald Hill cobalt target is located approximately 30 kilometres west of Broken Hill in NSW and 10 kilometres northwest of Cobalt Blue's. 3 diamond holes (FI2469 - FI2471 / 635.6 metres) were recently drilled by Rimfire to validate and confirm the geological setting of cobalt mineralisation previously intersected in wide spaced historic percussion drilling at Bald Hill. To minimise environmental disturbance all three Rimfire diamond holes were drilled as angled holes from an existing drill pad that was originally used to drill BHR1A in 1981. As detailed in previous Rimfire ASX Announcements (dated 28 June and
BHR1A and FI2469 are interpreted to have drilled into the same south plunging fold hinge while FI2470 and FI2471 were drilled either side of BHR1A. Due to the structural complexity of the prospect area, the nature of the geological relationship between FI2470 and FI2469 is unknown at this stage. Assay results for FI2470, once received, combined with detailed geological logging and surface mapping will enable Rimfire's geologists to better understand the geological relationship between the holes.. Assay results for both FI2470 and 2471 are expected to be received early
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