Rimfire Pacific Mining (ASX:RIM) initial drill assay results

Rimfire Pacific Mining (ASX:RIM) has announced the confirmation of high-grade cobalt and associated copper mineralisation at the Bald Hill Cobalt Copper Prospect. The initial drill assay results from the first diamond drill hole have returned high-grade cobalt, with strong associated copper anomalism, indicating substantial potential for significant copper mineralisation at the prospect. The drilling program has substantially expanded the known sulphide-hosted mineralised footprint, extending over a 500m by 200m area. The company eagerly awaits assay results from the remaining 4 holes in the program, with all drill holes intersecting sulphide mineralisation visually similar to the first hole.

Rimfire's Managing Director's perspective on the announcement

Rimfire's Managing Director, Mr David Hutton, expressed optimism about the results, stating, 'This step-out diamond drill program has substantially expanded the known sulphide-hosted mineralised footprint at Rimfire's 100%-owned Bald Hill cobalt-copper prospect, which now extends over a 500m by 200m area. Assays from hole FI2612 have confirmed that Bald Hill hosts some of the highest cobalt grades in the Broken Hill district. We are encouraged by the presence of copper in these results, which highlights the strong potential to find significant copper mineralisation at Bald Hill. With exciting scandium focused exploration potential also at Rimfire's Lachlan Orogen assets, the company is eying outstanding upside across our portfolio of critical minerals projects.'

Outlook and corporate strategy

The initial drill assay results have confirmed Rimfire's Bald Hill Prospect as one of the highest-grade cobalt sulphide occurrences in the Olary and Broken Hill domain. The presence of strong associated copper anomalism further enhances the prospectivity of significant copper mineralisation at Bald Hill. The company is anticipating further assay results from the remaining drill holes, which are expected to reinforce the significance of the initial findings. Rimfire's Broken Hill Project is strategically located within the richly endowed Broken Hill Mineral Province, and recent corporate transactions in the area indicate a mining and exploration renaissance across the district. Rimfire is well-positioned to participate in this renaissance, with potential opportunities to expand the area of existing cobalt mineralisation and establish geochemical vectors to new copper targets. The company looks forward to providing further updates as new information comes to hand.