| Announcement Date: | 2022-11-14 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Rimfire Pacific Mining Ltd. |
| Project name: | Avondale |
| Location: | Australia |
| Commodities: | Gold,Silver |
| Highlight: | Drilling results incl. 5m at 3.23g/t Au, 24g/t Ag from 320m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Rimfire Pacific Mining Ltd (ASX: RIM) is an ASX-listed exploration company focused on exploring for critical minerals (nickel, cobalt, scandium, copper, gold, and PGEs) within the Lachlan Orogen and Broken Hill districts of NSW. The Company has two 100% – owned copper – gold prospective projects that are located west of Parkes and Orange in central New South Wales: The Valley Project – located 5km west of Kincora Copper / RareX’s Mordialloc porphyry coppergold discovery (KCC.ASX and REE.ASX), and The Cowal Project – located to the east of Evolution’s Lake Cowal Copper / Gold mine (EVN: ASX) Rimfire also has the 100% – owned Broken Hill Cobalt Project which is located immediately west and northwest of Broken Hill and covers a number of targets including the interpreted along strike extension to Cobalt Blue Holdings’ Railway Cobalt Deposit (COB: ASX). Rimfire has two additional projects in the Lachlan Orogen which are being funded by Rimfire’s exploration partner – Golden Plains Resources (GPR): Avondale Project (GPR earning up to 75%) & Fifield Project (GPR earning up to 60%) Both projects are prospective for Critical Materials (PGEs, Nickel, Copper & Cobalt) – which are essential for renewable energy, electrification, and green technologies. The development ready Sunrise Energy Metals Ni-Co-Sc Project (ASX: SRL) is adjacent to both projects. The Fifield Project hosts the historical Platina Lead mine, the largest producer of Platinum in Australia. |
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