Rimfire Pacific Mining (ASX: RIM) has advised that recent wide spaced reconnaissance aircore drilling has identified a new scandium prospect within the company’s Fifield project, located approximately 70km northwest of Parkes within the highly prospective Lachlan Orogen, NSW.
Rimfire’s managing director, Mr. David Hutton, commented, “Our initial drill results at Murga are very encouraging. Interestingly Murga appears to be different from other scandium occurrences in the district which are intimately associated with nickel and cobalt mineralization.”
The drilling aimed to identify zones of laterite development prospective for hosting nickel, cobalt, and scandium mineralization such as observed at Rimfire’s Melrose prospect.
The company has drilled a total of 11 holes (FI2425 to FI2435) to test the Murga North and Murga South magnetic anomalies which lie approximately 4km apart.
One hole from both locations (FI2427 and 2434) were submitted for assay with both returning strongly anomalous scandium only values from surface:
- 30m @184ppm Sc from 0m in FI2434 including 12m @224ppm Sc from 6m
- 15m @125ppm Sc from 3m in FI2427
Given the company’s initial positive scandium drill results, the large-scale size of the Murga intrusive complex, the presence of multiple scandium auger anomalies, and the lack of drilling, Murga potentially represents a significant and unique pure scandium opportunity for Rimfire.
The company has stated it will now submit all of the remaining nine aircore drillholes from Murga for scandium analysis.
Additionally, further aircore drilling is planned to test areas of the Murga intrusive complex with no previous sampling and to refine existing scandium auger anomalies.
“Its early days but given these drill results, the size of the Murga intrusive complex, multiple untested scandium auger anomalies and the lack of drilling, Murga potentially represents a significant and unique pure scandium opportunity for Rimfire”.
To find out more, please visit www.rimfire.com.au
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