Rimfire and Northgate Commence Drilling at Boulevard, Yukon
23 Setembro 2008 - 9:00AM
Marketwired
Rimfire Minerals Corporation (TSX VENTURE: RFM) is pleased to
announce that in partnership with Northgate Minerals Corporation
(TSX: NGX) drilling has commenced at its new gold discovery on the
Boulevard Property. The Boulevard Property is located approximately
135 kilometres south of Dawson City, Yukon. Gold bearing
mineralization, including 7.04 g/t gold over 6.0 metres, was
discovered in two of three trenches over a 300 metre trend (see
Rimfire news release PR08-12, August 20, 2008). The diamond
drilling program will consist of 4 to 6 holes averaging 150 metres
in length and is expected to be completed by mid-October.
The current program was initiated after this summer's discovery
of gold-bearing mineralization in trenches testing anomalous
arsenic-antimony-gold soil geochemistry at the Boulevard. Chip
sampling from the first trench (TRBV08-01) yielded 7.04 g/t gold
over 6.0 metres. One hundred metres southeast, trench TRBV08-02
returned 6.43 g/t gold over 2.0 metres. Gold mineralization is
hosted in strongly sericite-clay altered schists with disseminated
pyrite, arsenopyrite, stibnite and specular hematite that envelopes
quartz and massive stibnite veins. Additional soil sampling
undertaken in conjunction with trenching has now expanded the
target to an area of 2.0 by 0.4 kilometres. Drilling will aim to
test mineralization encountered in the trenches at depth. Soil
sampling and a reconnaissance IP geophysical survey has commenced
to help expand the target, as well as refine drill hole locations
along trend.
This program is being conducted under an exploration alliance
agreement with Northgate Minerals signed in December, 2005. The
Boulevard Property is held jointly by Rimfire and Northgate, with
each company having funded the initial $330,000 in targeting and
exploration that led to staking of the property. To date, Northgate
has funded approximately $435,000 of the required $1.5 million in
exploration expenditures to earn an additional 10% interest (for a
total of 60%) in the property.
This news release has been reviewed by Mark Baknes, M.Sc.,
P.Geo., VP Exploration of Rimfire Minerals, a Qualified Person for
the purpose of National Instrument 43-101.
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.
Rimfire currently has in excess of two years of operating capital,
and finances approximately 80% of its exploration through option
and joint venture agreements. 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.
About Northgate Minerals
Northgate Minerals Corporation is a mid-tier gold and copper
producer with mining operations, development projects and
exploration properties in Canada and Australia. The company is
forecasting over 385,000 ounces of unhedged gold production in 2008
and is targeting growth through further acquisition opportunities
in stable mining jurisdictions around the world.
On behalf of Rimfire Minerals Corporation
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.
Contacts: Rimfire Minerals Corporation Patrick Moodie (604)
669-6660 Rimfire Minerals Corporation Jason Weber (604) 669-6660
(604) 669-0898 (FAX) Email: info@rimfire.ca Website:
www.rimfireminerals.com
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