rimfire pacific mining nl - asx · the meaning of the corporations law. such forward looking...
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August, 2014 1
rimfire pacific mining nl (ASX “RIM”)
8th Annual Mining NSW Conference
Rimfire Pacific Mining
“Fifield District - The Hard Rock Story” F
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Disclaimer
Disclaimer: This presentation contains “forward looking statements” as defined or implied in common law and within the meaning of the Corporations Law. Such forward looking statements may include, without limitation, (1) estimates of future capital expenditure; (2) estimates of future cash costs; (3) statements regarding future exploration results and goals. Where the Company or any of its officers or Directors or representatives expresses an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and the Company or its officers or Directors or representatives as the case may be, believe to have a reasonable basis for implying such an expectation or belief. However, forward looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward looking statements. Such risks include, but are not limited to, commodity price fluctuation, currency fluctuation, political and operational risks, governmental regulations and judicial outcomes, financial markets and availability of key personnel. The Company does not undertake any obligation to publicly release revisions to any “forward looking statement”, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
Competent Person Statement: The information in this presentation that relates to Exploration Results is based on information compiled by Colin Plumridge and Darren Glover. Both gentlemen are deemed to be Competent Persons and are Members of The Australasian Institute of Mining and Metallurgy. Mr Plumridge has over 45 years’ experience in the mineral and mining industry. Mr Plumridge is employed by Plumridge & Associates Pty. Ltd. and is a consulting geologist to the Company. Colin Plumridge has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Colin Plumridge has previously consented to the inclusion of the matters based on his historic information in the form and context in which it appears. Mr Glover is employed by Rimfire Pacific Mining and has 18 years’ experience in the mineral and mining industry. He has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Glover consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
JORC 2012 Compliance: All information provided in this presentation has been formally released to the ASX in compliance with JORC requirements. The most recent document released to the ASX provides details and hyperlinks relevant to all information provided in this presentation and can be accessed on the Company Website at hyperlink: ASX Announcements. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement(s).
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Shares on Issue 688M Ordinary FP
• Placement and SPP 76M shares at 4.3 cents, Sept 2013, $3.3M gross, 12% dilution
• No options and No Convertible Notes
Market Cap. Approx. $20.6M @3.0 cents
Share Price Movement
• 2012 High 9.3 cent (Oct), Low 2.5 cent
• 2013 High 7.5 cent (Jan), Low 2.8 cent (Dec)
• 2014 High 3.6 cent (Jan ), Low 1.5 cents (May)
Volume
• Last 6 months approx. 314,000 shares/day
• Largest 1.8m shares/day
Shareholder Profile
• Management 9%
• Top 20 Holders 33%
• Top 100 Holders 63% (cut-off 1.35M shares)
• 2,000 plus shareholders
Cash Status 30 June 2014
• $2.36m
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Company Profile – 19th August F
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ASX:RIM Share Price Performance
Exploration Sector major correction
Liquidity and value decline
Gold and Silver Price decline 30%
RIM above average to indices over 4 yrs
Post June 30 period price improvement
Recent Price upswing – Activities matter
Turning Point, through the bottom?
Note: XKR is S&P/ASX 300 RESOURCES; XMR is S&P/ASX MIDCAP RESOURCES;
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16-Aug-2010 - 19-Aug-2014
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Volume Period average volume Share price
Fi 212 14m @ 24.4g/t Au And
26m @ 155g/t Ag Discovery Trench 31
9m @ 4.9g/t Au
First Percussion Drilling Results
Fi 160 14m @ 21.9g/t Au
Last 12 months
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Project Location – East Lachlan Fold Belt
Cadia Valley (Newcrest)
McPhillamy’s (REGIS)
Copper Hill (Golden Cross Resources)
North Parkes (China Mo Co.)
Brown’s Creek
Syerston (Ivanhoe)
20km
Orange
Wellington
Forbes
Tottenham
Lake Cowal F
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Project Location
Rimfire Pacific Mining NL
6 Exploration Licenses,
Contiguous tenement package,
313 square kms.
210Ha freehold land,
Alluvial Gold 1880,
Alluvial Platinum 1890,
20,000Oz Pt historical production. 20km
Orange
Wellington
Forbes
Tottenham
Lake Cowal F
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Sorpresa Discovery
George and son Noel Green,
Prospected base metals at “Original Sorpresa”
Mined “Golden Green” (left).
Noel (above) passed away this year.
1946 – Golden Green Golden
Green South
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Sorpresa Discovery
8.84g/t Au rock chip at Original Sorpresa.
Gold in Rock chip, Soil and Auger drilling defines a curvilinear anomaly > 20ppb Au over a 1.7km strike.
Trenching reveals near surface high grade Gold (9m @ 4.9g/t Au).
Drilling defines high grade Au / Ag mineralisation within 5 structurally controlled oxide to transition zone pods along the gold anomaly.
1 to 5 5 to 10 10 to 20 20 to 30 30 to 50 50 to 100 < 100ppb
Gold ppb
400m
1 to 5 5 to 10 10 to 20 20 to 30 30 to 50 50 to 100 > 100ppb
Gold ppb
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Sorpresa Discovery (2007 – 2013)
400m
Roadside Ag / Au
Join Up
Old Sorpresa
Boundary Gate
Trench 31
400m Yellow Outline > 0.2g/t Au Red Outline > 0.5g/t Au
8.84g/t Au rock chip at Original Sorpresa.
Gold in Rock chip, Soil and Auger drilling defines a curvilinear anomaly > 20ppb Au over a 1.7km strike.
Trenching reveals near surface high grade Gold (9m @ 4.9g/t Au).
Drilling defines high grade Au / Ag mineralisation within 5 structurally controlled oxide to transition zone pods along the gold anomaly.
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Roadside
Original Sorpresa
Boundary Gate & BGE
Trench 31
16m @ 5.32g/t Au
7m @ 4.24g/t Au
14m @ 24.4g/t Au
21m @ 1.11g/t Au
13m @ 1.59g/t Au
30m @ 2.39g/t Au
4m @ 21.9g/t Au
24m @ 2.17g/t Au
1m @ 114g/t Au
20m @ 2.14g/t Au
6m @ 12.31g/t Au
14m @ 21.9g/t Au
9m @ 4.9g/t Au (trench)
16m @ 3.23g/t Au
Gold Silver (Roadside) 12m @ 394g/t Ag
28m @ 119g/t Ag
26m @ 155g/t Ag
20m @ 230g/t Ag
10m @ 535g/t Ag (incl. 2m @ 2020g/t Ag)
26m @ 90g/t Ag
16m @ 175g/t Ag
1m @ 22.7g/t Au, 312g/t Ag
• Two Australian Top 10 Greenfields Gold intersections (2012)
• Pathfinder Association (Ag, As, Sb, Pb, Zn) allows real time XRF recognition
• Oxide and Primary high grade mineralisation
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Join-Up
Sorpresa – Significant Intersections F
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Sorpresa – What is it?
Variably East dipping, gently folded, variably plunging mineralized plane;
Comprised of quartz / sericite / muscovite / carbonate / pyrite altered, crackle brecciated and carbonate-sulphide-gold cemented, quartz veined meta-siltstone.
Sulphide mineralisation hosting gold and silver comprise:
Pyrite = arsenopyrite > sphalerite > galena >> tennantite – tetrahedrite > chalcopyrite and native gold.
Mineralisation is best developed below a rhyolite to rhyo-dacite porphyritic sill complex, itself gently folded, and strongly altered.
Healed Listric / thrust fault zone.
Fi 328 DDH 90m to 91m - 1m @ 22.7g/t Au, 312g/t Ag
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Sorpresa – What is it?
Native Gold formed as ~2 – 50um grains, moderately high fineness (i.e. Au > Ag)
Most Gold occurs as inclusions in Sphalerite with some in Pyrite and Galena.
Silver occurs in Galena and Tennantite – Tedrahedrite.
Later deformation remobilised some base-metals and native gold.
Mineralisation has a low temperature of formation indicating an Epithermal Setting.
Carbonate Base Metal Epithermal Au/Ag,
Possibly related to Siluro-Devonian Volcanism… (Mineral Hill / Mt Boppy)
Potentially hosted in Cambro-Ordovician metasediments + mafic volcanics and ultramafic intrusives, themselves potential hosts to:
Tritton / Besshi style VMS mineralisation.
Gold in Sphalerite
Gold in Pyrite
Remobilized Gold
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1.5km
(a) Sorpresa Gold Long Section
(b) Sorpresa Silver Long Section
Roadside North Roadside Join-Up Boundary Gate Trench 31
BGE
SOUTH NORTH
Original Sorpresa
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Sorpresa Implicit Model Long Section looking west illustrating higher grade (a) Gold and (b) Silver mineralisation and new down dip and down plunge extensional targets ready for RC and Diamond tail drilling. (Implicit Model is an interpretive exploration model imaging (a) Gold: yellow >0.2g/t Au, red >0.5g/t Au,
purple >2g/t Au), (b) Silver: Light Grey > 31g/t Au, Dark grey > 62g/t Ag).
Sorpresa Current RC Drill Program F
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1.5km
(a) Sorpresa Gold Long Section
(b) Sorpresa Silver Long Section
Roadside North Roadside Join-Up Boundary Gate Trench 31
BGE
SOUTH NORTH
Original Sorpresa
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Sorpresa Implicit Model Long Section looking west illustrating higher grade (a) Gold and (b) Silver mineralisation and new down dip and down plunge extensional targets ready for RC and Diamond tail drilling. (Implicit Model is an interpretive exploration model imaging (a) Gold: yellow >0.2g/t Au, red >0.5g/t Au,
purple >2g/t Au), (b) Silver: Light Grey > 31g/t Au, Dark grey > 62g/t Ag).
Sorpresa Current RC Drill Program
video by hyperlink: Click Here demonstrates the 3D Exploration Gold Mineralisation Model
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Recently completed 22 hole for 4,687m RC program.
Understand and extend the down dip and down plunge position at Roadside North
Determine the relationship of Roadside and Original Sorpresa.
Expand the high grade gold position at BGE.
Concurrent & On going 10 hole Shallow RC program (7 holes for 562m completed),
Explore and extend near surface oxide mineralisation south of Boundary Gate
Program currently underway, results awaited.
Sorpresa Current RC Drill Program
August, 2014 Rimfire Pacific Mining 15
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400m
Fi0328: 7m @ 4.24 Incl: 1m @ 22.7/312
And 20m @ 98 Incl: 1m @ 631
Fi0366: 21m @ 1.11 Incl: 12m @ 1.8/22
Fi0244: 10m @ 0.59 and 34m @ 58
Incl: 4m @ 219 and Incl: 2m @ 135
Fi0389: 8m @ 0.64/177 EOH 2m @ 0.22/514
Fi0394: 26m @ 0.37/90 Incl: 2m @ 1.75/306 Incl: 1m @ 2.8/439
Incl: 3m @ 0.42/327
Fi0315: 2m @ 1.11 And 28m @ 55 Incl: 4m @ 159
Fi0322: 12m @ 0.19 And 14m @ 55 Incl: 2m @ 129
Fi0212: 14m @ 24.4 Incl: 2m @ 118 And 26m @ 155 Incl: 4m @ 592
Fi0392: 6m @ 0.25/94 Incl: 3m @ 127
Fi0390: 34m @ 0.17/55 Incl: 1m @ 1.65/387 and
Incl: 5m @ 118 Fi0395: 10m @ 0.47/84
Incl: 2m @ 1.28/272 and 5m @ 0.10/105 Incl:
1m @ 267
Roadside and Roadside North Implicit Model Long Section looking west illustrating Gold and Silver mineralisation . (Implicit Model is an interpretive exploration model imaging Gold: yellow >0.2 g/t Au, red >0.5 g/t Au, purple >1g/t Au, and Silver: Light Grey >30g/t Au, Dark grey >60 g/t Ag. Grey labels refer to previously released material please refer to Table 1: Dates and Hyperlinks for previously referred to results in this report
Note: Black text refers to Gold g/t result Blue text refers to Silver g/t result
Fi0221: 8m @ 0.34 and 10m @ 0.67 and 12m @ 394
Incl: 2m @ 932 and Incl: 2m @ 580
Fi0320: 10m @ 0.53 And 16m @ 245
Incl: 2m @ 211 and Incl: 2m @ 525
And 4m @ 115
100m
Roadside North
Roadside
Intersection Highlights prior current drill program
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400m
Fi0328: 7m @ 4.24 Incl: 1m @ 22.7/312
And 20m @ 98 Incl: 1m @ 631
Fi0389: 8m @ 0.64/177 EOH 2m @ 0.22/514
Fi0394: 26m @ 0.37/90 Incl: 2m @ 1.75/306 Incl: 1m @ 2.8/439
Incl: 3m @ 0.42/327
Fi0212: 14m @ 24.4 Incl: 2m @ 118 And 26m @ 155 Incl: 4m @ 592
Fi0407: 13m @ 0.35/44 incl: 3m @ 1.01/63.1
& 9m @ 0.18/77
incl: 1m @ 0.46/399
Fi0408: 7m @ 0.33/18
Fi0409: 8m @ 0.29/99 incl: 2m @ 0.06/194
Fi0411: 37m @ 0.4g/t Au incl: 1m @ 1.02g/t Au incl: 1m @ 1.54g/t Au incl: 1m @ 1.92g/t Au
Fi0410: 12m @ 0.32/29 incl: 1m @ 0.98/161
Fi0412: 20m @ 0.33g/t Au Fi0412: 9m @ 0.2g/t Au
Fi0413: 13m @ 0.61/104 incl: 5m @ 1.3/220 incl: 1m @ 3.2/764
& Fi0413: 7m @ 2.17/70 incl: 1m @ 10.8/71.6
Fi0244: 10m @ 0.59 and 34m @ 58
Incl: 4m @ 219 and Incl: 2m @ 135
Roadside and Roadside North Implicit Model Long Section looking west illustrating Gold and Silver mineralisation . (Implicit Model is an interpretive exploration model imaging Gold: yellow >0.2 g/t Au, red >0.5 g/t Au, purple >1g/t Au, and Silver: Light Grey >30g/t Au, Dark grey >60 g/t Ag. Grey labels refer to previously released material please refer to Table 1: Dates and Hyperlinks for previously referred to results in this report. Yellow labels refer to new results.
Note: Black text refers to Gold g/t result Blue text refers to Silver g/t result
Fi0322: 12m @ 0.19 And 14m @ 55 Incl: 2m @ 129
Fi0221: 8m @ 0.34 and 10m @ 0.67 and 12m @ 394
Incl: 2m @ 932 and Incl: 2m @ 580
Fi0320: 10m @ 0.53 And 16m @ 245
Incl: 2m @ 211 and Incl: 2m @ 525
And 4m @ 115
100m
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400m
Fi0407: 13m @ 0.35/44 incl: 3m @ 1.01/63.1
& 9m @ 0.18/77
incl: 1m @ 0.46/399
Fi0408: 7m @ 0.33/18
Fi0409: 8m @ 0.29/99 incl: 2m @ 0.06/194
Fi0411: 37m @ 0.4g/t Au incl: 1m @ 1.02g/t Au incl: 1m @ 1.54g/t Au incl: 1m @ 1.92g/t Au
Fi0410: 12m @ 0.32/29 incl: 1m @ 0.98/161
Fi0412: 20m @ 0.33g/t Au Fi0412: 9m @ 0.2g/t Au
Fi0413: 13m @ 0.61/104 incl: 5m @ 1.3/220 incl: 1m @ 3.2/764
& Fi0413: 7m @ 2.17/70 incl: 1m @ 10.8/71.6
Interpreted Gold and Silver Mineralized
Envelope
Note: Black text refers to Gold g/t result Blue text refers to Silver g/t result
100m
“Roadside”
Roadside and Roadside North Implicit Model Long Section looking west illustrating Gold and Silver mineralisation . (Implicit Model is an interpretive exploration model imaging Gold: yellow >0.2 g/t Au, red >0.5 g/t Au, purple >1g/t Au, and Silver: Light Grey >30g/t Au, Dark grey >60 g/t Ag. Grey labels refer to previously released material please refer to Table 1: Dates and Hyperlinks for previously referred to results in this report. Yellow labels refer to new results.
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1.5km
(a) Sorpresa Gold Long Section
(b) Sorpresa Silver Long Section
Roadside Join-Up Boundary Gate Trench 31
BGE
SOUTH NORTH
Original Sorpresa
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Sorpresa Current RC Drill Program
Interpreted Gold and Silver Mineralized Envelope
>15g/t Ag
>30g/t Ag
>60g/t Ag
Roadside and Roadside North Implicit Model Long Section looking west illustrating Gold and Silver mineralisation . (Implicit Model is an interpretive exploration model imaging Gold: yellow >0.2 g/t Au, red >0.5 g/t Au, purple >1g/t Au, and Silver: Light Grey >30g/t Au, Dark grey >60 g/t Ag. Grey labels refer to previously released material please refer to Table 1: Dates and Hyperlinks for previously referred to results in this report. Yellow labels refer to new results.
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Roadside North Roadside Join-Up Boundary Gate
BGE
SOUTH NORTH
Original Sorpresa
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Sorpresa Current RC Drill Program
Fi0415: 21m @ 0.53g/t Au From 44m incl: 2m @ 2.67g/t Au From 46m incl: 1m @ 2.01g/t Au From 55m
Fi0417: 9m @ 1.21g/t Au From 149m incl: 1m @ 6.38g/t Au & 32 g/t Ag
From 150m
Fi0424: 10m @ 0.32g/t Au & 79 g/t Ag From 55m incl: 3m @ 0.58g/t Au & 153 g/t Ag From 61m
& 12m @ 0.97g/t Au From 98m
incl: 5m @ 1.91g/t Au & 13 g/t Ag From 104m
Fi0416: 3m @ 0.13g/t Au & 58 g/t Ag From 111m
incl: 1m @ 0.23g/t Au & 134 g/t Ag From 112m, And
7m @ 0.79g/t Au From 135m
Highlight Intersections
Roadside and Roadside North Implicit Model Long Section looking west illustrating Gold and Silver mineralisation . (Implicit Model is an interpretive exploration model imaging Gold: yellow >0.2 g/t Au, red >0.5 g/t Au, purple >1g/t Au, and Silver: Light Grey >30g/t Au, Dark grey >60 g/t Ag. Grey labels refer to previously released material please refer to Table 1: Dates and Hyperlinks for previously referred to results in this report. Yellow labels refer to new results.
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Roadside North and Roadside are continuous and Silver Dominate The current drilling has revealed multi million Oz Silver potential & Gold Credits
Current Mineralized Envelope ~ 400m x 400m, open down dip.
Southern strike closed off, Northern strike impinging on Fifield Township.
Independent Resource Consultants engaged.
Maiden Resource at Roadside Ag (Au)
Gold and Silver Oxide Resource potential across Sorpresa
Limits defined at the Join-Up target to a high grade oxide pod.
BGE final results awaited however,
“Easy Win” narrow high grade gold target is far more complicated.
Western up dip and southern strike (I.P. chargeability) targets remain.
Focus now moving to the Highest Grade and largest oxide occurrence at Trench 31.
Exploration for Extensions and repeat lodes is ongoing:
Sorpresa Results
August, 2014 Rimfire Pacific Mining 21
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Sorpresa – Regional Extensions
Roadside
Boundary Gate
Trench 31
Boundary Gate East
Excellent correlation of Mineralisation to Gravity
Basement topographic highs produced from quartzite host rocks.
1st Vertical Derivative Gravity Image
Implicit Model is an interpretive exploration model imaging Au > 0.2g/t
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Sorpresa – Regional Extensions
Roadside
Trench 31
Excellent correlation of Mineralisation to Gravity
Basement topographic highs produced from quartzite host rocks.
Regional Exploration tool locating potential extensions and repeats under shallow cover.
1st Vertical Derivative Gravity Image
Implicit Model is an interpretive exploration model imaging Au > 0.2g/t
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Roadside Ag / Au
Join Up
Original Sorpresa
Boundary Gate
Trench 31
Boundary Gate East (BGE)
I.P. Chargeability Anomaly (24Mv/v at -350m)
Implicit Model is an interpretive exploration model imaging Au > 0.2g/t
1m @ 114g/t Au
Sorpresa – Regional Extensions
Excellent correlation of Mineralisation to Gravity
Basement topographic highs produced from quartzite host rocks.
Regional Exploration tool locating potential extensions and repeats under shallow cover.
I.P. chargeability
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Sorpresa was the first ….. but is it the BEST? Intensive Review of all occurrences, workings and prospects.
Assignment of a dedicated Regional Exploration team.
Re-processing of all geophysical data sets (IP, Mag, Grav, EM) + New Acquisition
Stand alone targets and potential oxide satellites with 6km of Sorpresa.
High Quality Prospect Portfolio of 25 targets generated and ranked,
Conceptual – Grassroots – Greenfields – Walk Up Drill – Multiple Deposit Styles
Significant exploration utilizing prospecting reconnaissance mapping, rock chip & soil sampling, Auger, RAB and RC drilling completed and on going.
• New discoveries and delineation of 3 separate “Sorpresa Scale” targets,
• Yoe’s Lookout, Eclipse Trend and Carlisle
• High grade gold RC intersections,
“Countercyclical Exploration Strategy is delivering”
Regional Exploration
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Prospect Pipeline – Feb 2014
Conceptual Targets
Geochemical Anomalies
High Grade Intersections
Advanced Projects
Trench 31, Old Sorpresa, Join-Up, Boundary Gate, BGE
Roadside Au Roadside Ag
Advanced
Emerging
SOR
PR
ESA
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EGIO
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August, 2014 Rimfire Pacific Mining 26
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Regional Exploration
Golden Green • 31 Undrilled Gold workings • 500m long Auger Gold
anomaly >20ppb Au, open • 8.21 and 4.1g/t Au rock chips
Rabbit Hill RAB 16m @ 0.32g/t Au 17m @ 0.23g/t Au
Golden Green South RC: • 2m @ 12.42g/t Au,
Incl. 1m @ 23.6g/t Au • 2m @ 2.32g/t Au and • 11m @ 1.17g/t Au Incl. 3m @ 3.79g/t Au
Twin Shafts RC: 2m @ 9.66g/t Au, incl. 1m @ 15.95g/t Au
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Regional Exploration
Airborne Magnetic / Radiometric Survey Area
Golden Green • 31 Undrilled Gold workings • 500m long Auger Gold
anomaly >20ppb Au, open • 8.21 and 4.1g/t Au rock chips
Rabbit Hill RAB 16m @ 0.32g/t Au 17m @ 0.23g/t Au
Golden Green South RC: • 2m @ 12.42g/t Au,
Incl. 1m @ 23.6g/t Au • 2m @ 2.32g/t Au and • 11m @ 1.17g/t Au Incl. 3m @ 3.79g/t Au
Twin Shafts RC: 2m @ 9.66g/t Au, incl. 1m @ 15.95g/t Au
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Regional Exploration
Golden Green • 31 Undrilled Gold workings • 500m long Auger Gold
anomaly >20ppb Au, open • 8.21 and 4.1g/t Au rock chips
Rabbit Hill RAB 16m @ 0.32g/t Au 17m @ 0.23g/t Au
Golden Green South RC: • 2m @ 12.42g/t Au,
Incl. 1m @ 23.6g/t Au • 2m @ 2.32g/t Au and • 11m @ 1.17g/t Au Incl. 3m @ 3.79g/t Au
Twin Shafts RC: 2m @ 9.66g/t Au, incl. 1m @ 15.95g/t Au
Carlisle Rock chips results 23g/t, 13.75/t, 13.7g/t,
12.55g/t, 9.6g/t, 7.29g/t Au,
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Golden Green • 31 Undrilled Gold workings • 500m long Auger Gold
anomaly >20ppb Au, open • 8.21 and 4.1g/t Au rock chips
Yoe’s Lookout • 1.4km long Auger gold anomaly, open • 3.4g/t Au, 2.1g/t Au, 2.3g/t Au rock
chips • Au As Se Te association • Calcic Skarn and Magnetic Anomaly • Auger drilling results awaited
Eclipse North • 18.7g/t Au rock chip • Epithermal Gold targets • Gossan float (anomalous
Au,Cu,Ag,Pb,Zn,Ba) mapped exhalative horizon
• 1.2km long Auger gold anomaly, open
• Auger drilling underway Roseneath • Sorpresa stratigraphy • 3.7g/t Au, 1.7g/t Au rock chips
in quartz veins • Multiple open auger anomalies
Rabbit Hill RAB 16m @ 0.32g/t Au 17m @ 0.23g/t Au
Golden Green South RC: • 2m @ 12.42g/t Au,
Incl. 1m @ 23.6g/t Au • 2m @ 2.32g/t Au and • 11m @ 1.17g/t Au Incl. 3m @ 3.79g/t Au
Carlisle Rock chips results 23g/t, 13.75/t, 13.7g/t,
12.55g/t, 9.6g/t, 7.29g/t Au,
Twin Shafts RC: 2m @ 9.66g/t Au, incl. 1m @ 15.95g/t Au
Regional Exploration
Eurimbla • Gossanous rock chips up
to 8.3g/t Ag, 0.38% Cu, 0.63% Co, 0.92% Pb & 0.29% Zn along >500m trend.
• Base-metal soil anomaly – open.
• Magnetic anomalies.
Glen Iris • Rock chip highlights • 5.97g/t Au, 0.35% Cu, 1.08% Co
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Prospect Pipeline – August 2014
Conceptual Targets
Geochemical Anomalies
High Grade Intersections
Advanced Projects
Trench 31, GGS, Twin Shafts
Boundary Gate, BGE, Join-up
ROADSIDE
Advanced
Emerging
Carlisle, Eurimbla, Quades IP, Yarrabandi Rd, Deep South,
Ebenezer EM Targets
Carlisle, Eurimbla, Glen Iris, Watts Lane & Platina-Gillenbine
On hold Old Sorpresa
IN
On hold
Deep South
UP
On hold Rabbit Hill
Rabber’s Lookout
UP
GGS, Twin Shafts
Resource Definition
August, 2014 Rimfire Pacific Mining 32
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Highlights
New discovery in the “Fifield Central Gold Corridor” in the last 2 months.
Two target styles: 1. Outcropping quartz-pyrite-arsenopyrite stockwork veined shear zones.
Structurally controlled, sediment hosted, orogenic gold target (e.g. Fosterville gold mine, Victoria & Tomingly Gold Mine, NSW).
2. Diffuse bulls-eye magnetic high anomaly with peripheral QMH alteration, pyritisation & trace native Cu – a conceptual ‘Besshi’ style VHMS Cu-Au target (e.g. Tritton, NSW).
23.0g/t Au, 13.75g/t Au, 13.7g/t Au, 12.55g/t Au,
9.06g/t Au, 7.55g/t Au, 7.29g/t Au, 7.02g/t Au
Up to 0.16% Cu and out-cropping native Cu.
Soil sampling completed, results awaited.
Magnetics / radiometrics, 3D modeling completed.
High grade outcrops, now linking to very compelling
3D Magnetic Models
Regional Exploration – Carlisle Prospect
August, 2014 Rimfire Pacific Mining 33
Carlisle 6.8km SW
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Carlisle Target 1 13.7g/t Au Rock Chip
Outcrop -Looking South
August, 2014 Rimfire Pacific Mining 34
• 85m x 40m “basement window” • 85% of rock chip samples returned results > 1g/t, and 20% > 10g/t Au • Up to 23g/t Au.
rimfire pacific mining nl (ASX “RIM”)
Carlisle Target 2 “Blind” magnetic target
12.55g/t Au
23g/t Au
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RTP 1VD Aeromagnetic
Image
Roseneath Gold Prospect • 3.7g/t Au & 1.7g/t rock chips • Cu up to 1,130ppm & Mo up
to 82ppm. • Auger Au anomalies - open. • Undrilled
Carlisle Gold Prospect • 23.0g/t Au, 13.75g/t Au,
13.7g/t Au, 12.55g/t Au, 9.06g/t Au, 7.55g/t Au, 7.29g/t Au & 7.02g/t Au rock chips from outcrop, float & rock piles.
• Up to 0.16% Cu. • Undrilled
Regional • 0.21g/t Au rock chip
Roseneath Intrusive
Watts Lane Intrusive
Carlisle Intrusive 2
Carlisle Gold Prospect • 1.14g/t Au float rock chip
Fertile (Au rich) NE-SW trending structural corridor – ‘Fifield Central Gold Corridor’ • New discovery. • Minor exploration,
including no drilling.
Carlisle Copper-Gold Magnetic High Target
• 3D Inversion Model Completed.
• Undrilled.
Ordovician Girilambone Group
Meta Sediments
Rift Basin Sequence of
Unknown Age?
Carlisle Intrusive
Complex 1 Watts Lane: • 0.33% Cu • 47ppm Mo • 0.24% Ba
Watts Lane: • Sulphide Occurrence • High K calc alkaline,
Feldspar Porphyry float.
Devonian Sedimentary Cover Sequence
(basal conglomerate unit)
>4.5km Au Trend
Goldenchrome Gold Prospect • 1.2g/t Au rock chip sample
August, 2014 Rimfire Pacific Mining 35
rimfire pacific mining nl (ASX “RIM”)
1km
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Target 2: Carlisle Copper – Gold
Magnetic High Anomaly
• Undrilled.
Ordovician Girilambone Group
Meta Sediments
Devonian Sedimentary Cover
(Basal Conglomerate Unit).
Conglomerate Cover (<50m thick?)
Rift Basin Rocks of Unknown Age?
• Banded silica - hematite – magnétite –limonite/pyrite jasper outcrop with trace Native Cu.
• Up to 1.1g/t Au in quartzite rock chip float.
Outcropping Ironstone
Target 1: • 23.0g/t Au • 13.75g/t Au • 13.7g/t Au • 12.55g/t Au • 9.06g/t Au • 7.55g/t Au • 7.29g/t Au • 7.02g/t Au • Copper up to
0.16% • Undrilled
Interpreted Syncline
400m
August, 2014 Rimfire Pacific Mining 36
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rimfire pacific mining nl (ASX “RIM”)
Magnetic High Anomaly in hanging wall of
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Highlights
Zoned Polymetallic Low Sulphidation Epithermal System, within hydrothermally altered, quartz – feldspar porphyry sub-volcanic intrusive centre.
Defined over >1.2km x 0.6kms open and undrilled.
Extensive low sulphidation epithermal quartz-chalcedony-carbonate-barite-sulphide vein & gossanous breccia float.
High Grade gold up to 18.7g/t Au in gossanous epithermal veins, plus 2.4g/t Au, 32g/t Ag and 0.62% Cu, 0.78% Pb. Boiling textures observed.
Three potential drill targets emerging:
(1) Ag-Pb-Zn-Cu-Au-Co-Ba rich breccia & semi-massive sulphide – NW magnetic target.
(2) Au-Cu-Ag-Bi rich banded epithermal veins & breccia’s
(3) Au-As-Zn rich banded epithermal veins & breccia’s
Regional Exploration – Eclipse Prospect
August, 2014 Rimfire Pacific Mining 37
Eclipse 3.5km East
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rimfire pacific mining nl (ASX “RIM”)
Target 1
Discrete Ag-Pb-Zn-Cu-Au-Co-Ba rich breccia & semi-massive sulphide – NW magnetic target.
>900m long silver-lead auger anomaly.
Anomalous precious & base-metals in gossanous rock chips (up to 32g/t Ag, 0.62% Cu, 0.78% Pb & 0.23% Zn).
Thumbprint magnetic high anomaly.
Possible fold hinge
Semi-coincident Ishihara Alteration Index (AI) and Elura Index.
Interpreted as breccia style or semi –massive sulphide target.
Silver (ppm) in Auger
Silver (ppm) in Rock Chips
>900m Strike
100m
Silver in Auger Anomaly
(>480ppb Ag Contour)
32g/t Ag, 0.15% Cu &
0.40% Pb
21g/t Ag, 0.12% Cu &
0.20% Pb
0.62% Cu, 5g/t Ag & 0.11% Co
0.60% Cu & 0.21% Co
0.59% Cu, 0.22% Pb &
0.10% Co
0.55% Cu, 7g/t Ag, 0.78% Pb & 0.21% Zn
0.52% Cu, 7g/t Ag & 0.16% Co.
0.36% Cu & 0.17% Co.
0.36% Cu & 0.14% Co.
0.47% Cu 0.14% Zn & 0.10% Co.
TARGET 1
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rimfire pacific mining nl (ASX “RIM”)
Ag + base metal rock chips • 32g/t Ag • 0.62% Cu • 0.78% Pb • 0.23% Zn
TARGET 1
TARGET 2
TARGET 3
Target 2
>800m long Au-Cu-(±Bi-Ag-Ba) auger anomaly (>20ppb Au, up to 550ppb Au & 1,650ppm Cu).
Up to 18.7g/t Au in rock chips.
Interpreted as a Au-Cu rich epithermal lode.
Open to the south.
“Boiling Texture” 4.6g/t Ag, 640ppm Cu & 0.92% Pb
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rimfire pacific mining nl (ASX “RIM”)
Ag + base metal rock chips • 32g/t Ag • 0.62% Cu • 0.78% Pb • 0.23% Zn
TARGET 1
TARGET 2
TARGET 3
Target 2
>800m long Au-Cu-(±Bi-Ag-Ba) auger anomaly (>20ppb Au, up to 550ppb Au & 1,650ppm Cu).
Up to 18.7g/t Au in rock chips.
Interpreted as a Au-Cu rich epithermal lode.
Open to the south.
Target 3
Linear 400m long Au – As ± Zn auger anomalies.
Interpreted as Au-As-Zn rich epithermal vein structures.
Open in multiple directions.
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Two robust emerging targets:
Target 1: Structurally controlled, sediment (BIF) / greenstone hosted, orogenic gold target.
>1.4km long, coherent gold in auger (>20ppb Au, up to 1.62g/t Au) anomaly - open to the south,
Up to 3.4g/t, 2.3g/t Au rock chips.
Quartz-pyrite stockwork veining in banded silica - magnetite - hematite - pyrite quartzite / low grade BIF horizons.
Single RC drill traverse returned 9m @ 0.52g/t Au, Incl. 2m @ 1.6g/t Au.
Regional Exploration – Yoe’s Lookout
August, 2014 Rimfire Pacific Mining 41
100m
Au (ppb) in Auger
Rock Chip
>20ppb Au Contour
RC Drill Hole
>1.4km Strike
Yoe’s Lookout 6km East
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Two robust emerging targets:
Target 2: Possible ‘blind’ Skarn / Porphyry Cu-Au target or ‘blind’ BIF hosted orogenic gold target
Linear magnetic high anomaly (800m x 200m), associated with up to 200m wide zone of pervasive silica alteration,
Peripheral skarn float with sulphide - magnetite. Peripheral tonalite intrusive float.
Up to 59ppb Au & 0.13% Cu in auger.
Magnetic Inversion modelling completed:
Regional Exploration – Yoe’s Lookout
August, 2014 Rimfire Pacific Mining 42
100m
Au (ppb) in Auger
Rock Chip
>20ppb Au Contour
RC Drill Hole
>1.4km Strike
Yoe’s Lookout 6km East
Target 2
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Regional Exploration – Yoe’s Lookout
August, 2014 Rimfire Pacific Mining 43
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Looking North
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Regional Exploration – Current Auger
44
www.rimfire.com.au
Au (ppb) in Auger
Golden Green
Golden Green South
Glen Iris
Jacks Lookout
Platina Lead
Platina Gillenbine
1km
Twin Shafts
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Fifield District – The Right Address for Discoveries
Crustal Scale Structural Intersections,
Multi-commodity (Gold, Silver, Platinum and Base Metal),
Multiple Deposit styles,
Large Scale Mineralization Footprint 6km radius of Sorpresa,
Totally Under Explored - High Grades at Grass Roots
Outcropping gossans and high grade gold rock chips,
Systematic and staged exploration on multiple fronts is delivering results.
Countercyclical Exploration Strategy – achieving more for less – Stand Out.
Game Changers Abound …
Sorpresa Maiden Resource – Gold and Silver,
Regional Prospect Pipeline growth in Gold and Base Metal, “high order anomalies”
Drill Ready & Robust prospect pipleline,
JV opportunities?
FIR1380 – 23g/t Au
Why Rimfire…
Rimfire Pacific Mining 45
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