Rimfire Pacific Mining Ltd (ASX:RIM) Drill Results Update
Rimfire Pacific Mining Ltd (ASX:RIM) has reported strongly anomalous scandium from its latest air core drilling at the Murga Exploration Target. The latest results include the highest grade drill intercept to date, with 16m @ 327ppm Sc (502ppm Sc oxide) from a depth of 13m in FI2671, highlighting strong mineralisation in the area.
Drill Results Overview
The recent air core drilling took place between October and November 2024 and was focused on several magnetic anomalies. Significant intercepts also include:
– 22m @ 250ppm Sc (383ppm Sc oxide) from 1m in FI2656
– 12m @ 229ppm Sc (351ppm Sc oxide) from 2m in FI2617
– 5m @ 317ppm Sc (486ppm Sc oxide) from surface in FI2618
Other notable results span multiple holes, with several showing elevated scandium content, further solidifying the potential of the Murga site. Drilling proves the target’s capability to yield considerable scandium intercepts.
Reporting Enhancements
In response to shareholder requests, Rimfire will now report scandium grades as both “Scandium_ppm” and “Scandium Oxide_ppm” moving forward. This change aims to enhance clarity for all stakeholders in understanding the mineral content and value.
Management Insights
The exploration project is wholly owned by Rimfire and is part of the company’s Fifield Project, which remains in good standing. The results are considered indicative, and further exploration is planned to define the project’s full potential.
The information presented adheres to JORC standards and indicates no material changes from previous disclosures. Rimfire is committed to transparency and will continue to respond to shareholder queries as exploration progresses.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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