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Re: News Archive - Thursday, February 05, 2009
Rimfire Announces Prospecting Discovery in Southern British
Columbia
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PR09-03
Vancouver, BC -- February 5, 2009: Rimfire Minerals Corporation,
TSX-V:RFM, is pleased to announce prospecting and geochemical results
from its recently optioned Gillis Property located 30 km southwest of
Merritt, British Columbia. Three areas of gold mineralization were
identified, including 19.65 g/t gold from the only grab sample at the
Fort Showing. Gold discoveries at Gillis represent an exciting
exploration opportunity in an underexplored area of southern British
Columbia. The Gillis project is situated in the same physiographic
region as the notable epithermal gold occurrences in the
Cretaceous-aged Spences Bridge Group which, like the Gillis, were only
recently discovered. Prior to 2005, there was no recorded work on the
Gillis property itself and Rimfire's high-grade gold discovery is the
first ever reported on the property. The property lies 600 metres west
of the Coquihalla Highway and a power line traverses the northern
portion of the property.
In 2008, Rimfire carried out a mapping, prospecting and soil sampling
program (over 1700 samples) focusing on drainages anomalous in gold
(defined by government RGS sampling) on the western side of the
property. Prospecting resulted in the discovery of three areas of
precious metal mineralization highlighted by the Fort showing which
returned 19.65 g/t gold and 201 g/t silver from a 30 centimetre grab
sample. This was taken from one vein located within a 30 metre
discontinuous exposure in a creek bed exhibiting intense quartz
veining. Two other areas, the SAV and South Side, returned float and
outcrop sample values ranging from 1-4 g/t gold and 65-213 g/t silver.
These occurrences do not explain the extent and strength of the large
gold, silver, arsenic and antimony soil geochemical anomalies within
which they lie.
"We are very encouraged by the results of our 2008 program at Gillis,"
stated Mark Baknes, VP of Exploration. "Silt and soil geochemical
sampling have proven to be effective exploration tools. The anomalous
area identified by soil geochemistry measures 1.8 by 1.5 km and is
anchored by new gold-silver prospects in three areas. With all the
soil geochemical results in hand, we look forward to getting back to
work on this new target."
Planning for a 2009 program at Gillis is underway. This program will
likely include additional prospecting, mapping and expansion of the
soil geochemical survey coverage. Backhoe trenching may also be used to
investigate soil geochemical anomalies.
Property Status
Rimfire has an option on the Gillis property whereby Rimfire can
acquire 100% interest by making staged cash payments and conducting
$300,000 in exploration over 4 years. The vendors will receive a share
issuance upon definition of 500,000 oz gold resource and retain a 2.0%
NSR, of which 1.5% may be purchased by Rimfire.
About Rimfire
Rimfire Minerals Corporation is an aggressive, well-financed mineral
exploration company with a portfolio of highly prospective gold and
copper properties in western North America and Australia. Current and
former partners include AngloGold Ashanti Limited, Barrick Gold
Corporation, Newmont Mining Company, Inmet Mining Corporation,
Northgate Minerals Corporation, Fronteer Development Group Inc.,
Rubicon Minerals Corporation, American Creek Resources Ltd., Island Arc
Exploration Corporation, Jaguar Minerals Limited and BWG.
On behalf of Rimfire Minerals Corporation
"Jason Weber"
Jason Weber, P.Geo., President & CEO
CAUTIONARY STATEMENT: No stock exchange, securities commission or
other regulatory authority has approved or disapproved the information
contained herein. This News Release includes certain "forward-looking
statements". Other than statements of historical fact, all statements
included in this release, including, without limitation, statements
regarding future plans and objectives of Rimfire Minerals Corporation,
are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from
Rimfire's expectations are the risks detailed herein and from time to
time in the filings made by Rimfire Minerals Corporation with
securities regulators. Those filings can be found on the Internet at
http://www.sedar.com and
http://www.sec.gov/edgar/searchedgar/companysearch.html.
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Copyright (c) 2009 RIMFIRE MINERALS CORPORATION (RFM) All rights
reserved. For more information visit our website at
http://www.rimfire.ca/ or send mailto:info@rimfire.ca
Message sent on Thu Feb 5, 2009 at 9:33:48 AM Pacific Time
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Rimfire Min. est une société d’exploration minière basée au Canada. Rimfire Min. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 24,7 millions (22,8 millions US$, 15,8 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2002 à 7,50 , et son plus bas niveau récent le 31 décembre 2002 à 0,06 . Rimfire Min. possède 47 442 200 actions en circulation. |