Rimfire Unveils New Gold-Antimony Zone and Boosts Scandium Prospects
Rimfire Pacific Mining reports promising scandium drilling results at Murga and Rabbit Trap, alongside a significant new gold-antimony discovery at Broken Hill, positioning the company for resource growth and strategic opportunities.
- Broad scandium drill intercepts at Murga with assays pending
- New gold-antimony zone identified at Windy Ridge, Broken Hill
- Plans underway for maiden Murga scandium Mineral Resource estimate
- Metallurgical study preparation approved for Murga project
- Corporate milestone – Cowal Project sale completed to Altitude Minerals
Scandium Drilling Delivers Encouraging Results
Rimfire Pacific Mining has completed extensive scandium-focused drilling programs at its Murga Exploration Target within the Fifield Earn-In Project and at the 100%-owned Rabbit Trap Project. Initial assays from Murga, received shortly after the quarter ended, reveal broad intervals of scandium mineralisation, including intercepts such as 21 metres at 204ppm scandium and 24 metres at 160ppm scandium. These results reinforce the prospectivity of the Murga area and underpin plans to estimate a maiden Mineral Resource.
At Rabbit Trap, drilling intersected prospective scandium-bearing rocks at the Malamute Prospect, with assays awaited to confirm the extent and grade of mineralisation. The project’s geological setting, featuring Ordovician mafic and ultramafic intrusives, suggests potential for multiple critical minerals, including nickel and cobalt, complementing Rimfire’s scandium focus.
New Gold-Antimony Discovery at Broken Hill
In a notable development, Rimfire identified a significant gold-antimony zone at the Windy Ridge prospect within its 100%-owned Broken Hill Base Metal Project. Historic drilling and sampling have outlined a 600-metre-long mineralised corridor with gold grades up to 1.53g/t and antimony concentrations reaching 1.2%. This discovery aligns with the Australian Government’s recent designation of antimony as a critical mineral, potentially elevating the strategic value of the Broken Hill project.
Windy Ridge’s mineralisation occurs within a complex geological setting known for hosting world-class silver-lead-zinc deposits, with sulphide minerals such as stibnite indicating robust antimony presence. Rimfire is now exploring commercial pathways to advance this opportunity, including potential partnerships or divestment options.
Strategic Progress and Corporate Developments
Looking ahead, Rimfire plans to complete remaining assay results for Murga and Rabbit Trap by mid-February, followed by a Mineral Resource estimate for Murga expected by the end of the March quarter. The company has also approved preparations for a metallurgical study at Murga to assess processing characteristics, a critical step toward resource development.
On the corporate front, Rimfire finalised the sale of its Cowal Project to Altitude Minerals, receiving a $200,000 option payment partly in cash and shares. The company maintains a solid cash position of $1.5 million and continues to manage its exploration activities under the Fifield Earn-In Agreement with Golden Plains Resources.
Despite ongoing legal proceedings related to the Fifield Earn-In Agreement, Rimfire’s management expresses confidence in its strategic direction, highlighting the complementary nature of its scandium assets and emerging critical minerals opportunities.
Bottom Line?
Rimfire’s advancing scandium projects and new gold-antimony discovery set the stage for a pivotal year of resource growth and strategic positioning.
Questions in the middle?
- Will the remaining assays confirm a substantial scandium resource at Rabbit Trap?
- How will metallurgical test results influence the economic viability of the Murga deposit?
- What commercial strategy will Rimfire pursue for the Broken Hill Base Metal Project?
