More
    • Delayed Prices (USD) - Last Updated 01-07-2022
    • Gold $1,819.00
    • Silver $20.75
    • Platinum $916.00
    • Palladium $1,898.00
    • Dalian Iron Ore i2209 $121.63
    • Aluminium $2,491.00
    • Cobalt $72,460.00
    • Copper $8,365.50
    • Lead $1,971.00
    • Nickel $23,158.00
    • Tin $26,800.00
    • Zinc $3,333.00

    Rimfire grows Lachlan Fold Belt footprint with new exploration license

    Rimfire Pacific Mining (ASX: RIM) reports that it has successfully applied for a new exploration license adjoining its Cowal Copper-Gold Project in New South Wales’ Lachlan Fold Belt.

    The new Exploration License ELA 6426 sits at the southern boundary of its current tenure, and is also adjacent to acreage held by Sandfire Resources (ASX:SFR) and Newmont Exploration.

    The company notes that the Cowal Project encompasses a geological setting similar in nature to Evolution Mining’s (ASX:EVN) nearby ‘world-class’ Cowal Gold Mine, which houses a Mineral Resource of 305.3Mt @ 0.98g/t Au for 9.6Moz of contained gold.

    Location plan displaying the Cowal Project along with nearby prospects and active mining projects
    Location plan displaying the Cowal Project along with nearby prospects and active mining projects

    The project is considered prospective for economic copper-gold mineralisation, and sits along strike from the Porters Mountain prospect which had previously been identified as housing a ‘large’ hydrothermal breccia and intermediate intrusive complex, which geologists say may be related to a related to a high-sulphidation epithermal and porphyry gold copper system at depth.

    A detailed technical review is currently underway to ascertain next steps.

    Images: Rimfire Pacific Mining Ltd
    Jonathan Norris
    Jonathan is a founder of Mining.com.au and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.

    Follow Us

    16,252FollowersFollow
    6,720FollowersFollow

    • Delayed Prices (USD) - Last Updated 01-07-2022
    • Gold $1,819.00
    • Silver $20.75
    • Platinum $916.00
    • Palladium $1,898.00
    • Dalian Iron Ore i2209 $121.63
    • Aluminium $2,491.00
    • Cobalt $72,460.00
    • Copper $8,365.50
    • Lead $1,971.00
    • Nickel $23,158.00
    • Tin $26,800.00
    • Zinc $3,333.00