(MENAFN- ProactiveInvestors - Australia) Rimfire Pacific Mining (ASX: RIM) has produced its highest grade intersection to date at the Sorpresa Project in New South Wales, unleashing grades of up to 943 grams per tonne (g/t) silver.
At the silver dominant Roadside area, one drill hole has uncovered 24 metres at 173g/t silver from 12 metres, including 2 metres at 943g/t silver and 2 metres at 480g/t silver.
The intercept has a silver zone of 41 metres from 1 metre.
Significantly, this new intercept demonstrates the potential for bonanza grades of silver at the Roadside location, as well as near surface mineralisation â€" which bodes well for the economics of the project.
The intercept also contained a gold credit of 20 metres at 0.72g/t from 18 metres.
Importantly, most holes at the Roadside area have shown a strong component of silver mineralisation.
Rimfire Pacific has essentially hit silver in large widths in most of its drilling.
New stepout holes to the east track the mineralisation into an upper level of the IP chargeability anomaly.
A field examination of the deeper drilling suggests important mineralisation is present, including silver.
North Roadside is also providing positive indications of mineralisation encountered in the new drilling.
Trench 31 Area drill assays on the northeast extensions provided further gold intersections, with the most notable intercept 3 metres at 3.89g/t gold from 1 metre and 18 metres at 1.12g/t gold from 24 metres.
An additional 2,490 metres of percussion drilling has been completed on the Roadside Areas and Trench 31 Area, with mineralisation being explored down dip in various locations.
The IP chargeability anomaly is accessible nearer the surface at the Roadside Area and is currently being tested.
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