Announcement Date: 2022-04-04
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Rimfire Pacific Mining NL
Project name: Avondale
Location: Australia
Commodities: Nickel,Cobalt,Scandium
Highlight: Drilling results incl. 12m @ 0.23% Ni, 1100.00ppm Co, 314ppm Sc from 9m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Rimfire Pacific Mining (ASX: RIM, “Rimfire” or the “Company”) advises that shallow drilling at the Melrose prospect has returned strongly anomalous levels of nickel, cobalt, and scandium from multiple drill holes. Melrose lies within the Avondale Project, which is located within the highly prospective Lachlan Orogen of central New South Wales (see Figure 1). Sixteen vertical aircore holes (FI2163 to FI2178 – 484 metres) were drilled every 50 to 100 metres on three 100 metre – spaced traverses to further test a “bullseye” magnetic anomaly at Melrose that previous reconnaissance drilling by Rimfire (in 2018 – FI0835 to FI0886) had shown to be coincident with an ultramafic rock unit (see Figures 2 and 3). The latest drilling successfully intersected the laterised / weathered ultramafic intrusive unit which is fault – bounded against a granite to east and volcaniclastic sediments to the west (see Figure 4). Geochemical analysis of 3 metre composite drill samples returned strongly anomalous nickel
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