Sandfire Resources announces ongoing fieldwork

Company News

Sandfire Resources Limited’s (ASX:SFR) joint venture project partner Pacifico Minerals Limited has announced ongoing fieldwork at its Borroloola West Project.
 
Following the completion of field geological mapping, the project is now preparing for planned diamond drilling. 
 
The metals and mining company notes that recent mineral testing on similar local sites supports the potential for a major deposit discovery.
 
Field geological mapping and sampling to establish drill targets for zinc-lead at Berjaya and Four Mile is also underway. 
 
Pacifico is earning up to an 80% interest in the project from Sandfire Resources uner a farm-in agreement through staged exploration expenditures. 
 
In the 2015 financial year, Sandfire Resources Limited reported a net profit of $69 million.

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