Rimfire Pacific Mining (ASX:RIM) said its ongoing air core drilling program underway at its Currajong scandium prospect in New South Wales intersected a series of weathered rock types, including prospective ultramafic pyroxenite, according to a Wednesday Australian bourse filing.
The company has drilled 51 air-core holes to date for a total depth of 1,616 meters. It dispatched 520 samples for laboratory analysis and the first assays are expected in late April.
Rimfire Pacific Mining's shares jumped almost 9% in recent trading on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.