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rimfire pacific mining nl (RIM) Snapshot

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07/17/13 - A$0.06
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rimfire pacific mining nl (RIM) Details

Rimfire Pacific Mining NL explores and develops mineral deposits in Australia. The company explores for gold, silver, platinum, base metal, and diamond deposits. It primarily holds interests in the Sorpresa gold and silver project covering an area of 4km2 located in the Fifield district, New South Wales. The company also has interests in the Bingara diamond project covering an area of 1100 km2; and Fifield platinum project located in New South Wales. Rimfire Pacific Mining NL is headquartered in Melbourne, Australia.

rimfire pacific mining nl (RIM) Top Compensated Officers

Executive Chairman, Member of Audit Committee...
Total Annual Compensation: A$238.5K
Compensation as of Fiscal Year 2013.

rimfire pacific mining nl (RIM) Key Developments

Rimfire Pacific Announces Drilling Commences at Sorpresa Gold and Silver Project

Rimfire Pacific Mining Nl reported that a 19 hole, 4,000m Reverse Circulation (and Diamond core tail) drilling campaign has commenced at multiple priority targets across the Sorpresa Gold and Silver Project, Fifield NSW. Structural, magnetic, gravity and induced polarization (IP) targets are being tested down dip of near surface, often high grade oxide gold and silver mineralization, searching for primary depth extensions. A concurrent regionally focused RC drill program to the west of Sorpresa is performing target definition work at three prospects. Results from the first hole, at Golden Green South, have returned a very promising 2m at 9.11g/t Au from 42m (Fi 401). The Sorpresa Drilling program will test a range of gold/silver extensions and plunge targets; Drilling commenced at Roadside North with aggressive down dip & plunge step-out holes; Roadside, Original Sorpresa, Join-up and Boundary Gate East (BGE) are each targeted for gold, including extensions of the high grade gold results at BGE'. Regional target definition RC Drilling at Golden Green: South returned a highly encouraging 2m at 9.11g/t Au from 42 m; RC Drilling at Twin Shafts and Rabbit Hill is nearing completion, results are awaited; Additional auger drill lines were completed at Yoe's Lookout, aiming to extend the strike of the gold geochemical anomaly from 1km to approx. 1.5km.

Rimfire Pacific Mining NL Reports Consolidated Earnings Results for the Six Months Ended December 31, 2013

Rimfire Pacific Mining NL reported consolidated earnings results for the six months ended December 31, 2013. For the period, the company reported interest revenue of $31,371 against $50,060 a year ago. Loss from continuing operations before income tax was $311,063 against $302,073 a year ago. Loss from continuing operations after income tax was $311,063 against $302,073 a year ago. Total comprehensive loss for the half year was $311,063 against $302,073 a year ago. Diluted loss per share was 0.05 cents against 0.05 cents a year ago. Net cash used in operating activities was $120,916 against $257,188 a year ago. Purchase of property, plant and equipment was $52,316 against $31,854 a year ago.

Rimfire Pacific Mining Reports Exploration Activities

Rimfire Pacific Mining NL reported sorpresa project delivers extensions of gold and silver mineralisation. Excellent preliminary oxide zone metallurgy at Fifield NSW highlights step-out RC drilling at the roadside area confirmed significant gold and silver extensions down dip which remain open; Current dimensions at Roadside are 400m strike x 350m down dip at the southern end, and more than 200m down dip at the northern end; Updated 3D modeling of roadside area reveals continuous mineralization from surface excellent preliminary metallurgical results were received from the Sorpresa Project oxide zone; Roadside location achieved a recovery high of 84.3% for gold and 68.9% for silver, which upgraded further with finer grind and longer leach time to 89.1% and 72.3% respectively RC Drilling late in the quarter intersected visible gold in the vicinity of previous high grade Diamond core intersections.


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