Rimfire Pacific Mining (ASX:RIM) is gearing up to conduct a ground magnetic survey at the Bald Hill prospect in New South Wales as it awaits for assays.
This news comes after the $16.84 million market capitalisation company reported the first assay results of 3 recent diamond holes at the Bald Hill target, which confirmed cobalt mineralisation in sulphides.
Rimfire reports the ‘strong’ intercepts include drillhole FI2469 with 33m @ 0.11% Co from 58m, including 4m @ 0.23% Co from 70m and 2m @ 0.21% Co from 83m.
Commenting on the results, Rimfire Pacific Mining Managing Director David Hutton says: “The confirmation of cobalt in sulphides is a great start to our exploration program at Bald Hill and strengthens Rimfire’s growing portfolio of critical mineral projects.
“The confirmation of cobalt in sulphides is a great start to our exploration program at Bald Hill“
Assay results from the remaining 2 holes at Bald Hill, which both intersected extensive zones of sulphides, are expected in early September, and Rimfire looks forward to providing updates as information comes to hand.”
The Bald Hill cobalt target is located 30km west of the Broken Hill Project in New South Wales, Australia.
Rimfire Pacific Mining is an ASX-listed resources company focused on exploring for critical minerals such as lithium, nickel, cobalt, scandium, copper, gold, and platinum group elements throughout the Lachlan Orogen and Broken Hill districts of New South Wales, Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Rimfire Pacific Mining
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