Rimfire Pacific Mining (ASX:RIM) has begun a maiden diamond drilling program at the Murga exploration target in central New South Wales.
The program, which is expected to be completed by late December, comprises two diamond holes for up to 400m of drilling, and follows on from a recently completed infill aircore drilling program.
Rimfire, which has a market capitalisation of $91.86 million, aims to obtain metallurgical samples of laterite-hosted scandium mineralisation, as well as investigate the scandium prospectivity of underlying fresh basement.
Managing Director David Hutton says this is the first diamond drilling program undertaken at Murga and the geological team is keen to see what the drill bit reveals.
“We expect to complete the diamond drilling by Christmas with subsequent geological logging and sampling to be completed during January 2025,” Hutton says.
“The results of both programs will be instrumental in planning further work programs as we work towards converting the Murga exploration target into a mineral resource estimate by the end of FY2025.”
Both of the drilling programs are solely funded by Rimfire, with results expected to underpin the planning of future programs.
Rimfire Pacific Mining is a critical mineral-focused explorer that has a portfolio of advanced projects in the Lachlan Orogen and Broken Hill districts of New South Wales.
Write to Aaliyah Rogan at Mining.com.au
Images: Rimfire Pacific Mining
