Rimfire Pacific Mining (ASX: RIM) has expanded the size of its New South Wales tenement portfolio following the successful application for a new Exploration Licence (ELA 6426) which abuts the southern boundary of the company’s 100% – owned Cowal Copper – Gold Project and surrounding acreage held by Sandfire Resources Limited and Newmont Exploration Pty Ltd.
The Cowal Project is located 25 kilometres east of Evolution Mining’s Cowal Gold Mine (Total Resources at December 2021 of 305.3Mt @ 0.98g/t gold for 9,618Koz of contained gold) and covers a sequence of Ordovician-age volcanic and sedimentary rocks that are potentially similar to the host rocks at the Cowal Gold Mine in the prolific Lachlan Fold Belt.
The Cowal Project is prospective for the discovery of economic copper – gold mineralisation and lies directly along strike from the Porters Mountain prospect where previous explorers have identified a large hydrothermal breccia and intermediate intrusive complex interpreted to be related to a high sulphidation epithermal and porphyry gold copper system at depth,
Rimfire has commenced a detailed technical review of the Cowal Project to determine next steps and looks forward to updating the market as new information becomes available.
For further information please visit: https://www.rimfire.com.au/site/content/
