To: Stew who wrote (100 ) 6/5/2000 4:22:00 PM From: Buckey Read Replies (1) | Respond to of 157
This looks different and just came out - 2NR in the same day - cant tell much in the difference Rimfire and Western Keltic commence work in Alaska Western Keltic Mines Inc WKM Shares issued 10,074,871 Jun 2 close $0.27 Mon 5 Jun 2000 News Release See Rimfire Minerals Corp (RFM) News Release Mr. David Caulfield reports Exploration crews will be mobilized to Rimfire Minerals and Western Keltic Minerals' jointly owned California and Surf properties in east-central Alaska, during the week of June 5. The properties are located east of Teck/Sumitomo's Pogo gold deposit (10.6 million tons grading 0.53 ounces per ton gold). The two-phase, $500,000 program is designed to follow up favourable results obtained in 1999. The 1999 exploration program was successful in confirming the presence of Pogo-style mineralization on the properties. Rock sampling yielded high-grade gold values up to 24.8 grams per tonne (0.72 ounce per ton) and together with large, open-ended gold and pathfinder element soil geochemical anomalies suggest the presence of a potentially large mineralizing system. Large areas of the 70-square-mile property are still to be explored. Phase 1 of the 2000 field program is designed to increase the density of sampling in both the Boundary and Southeast Surf areas, to better-define existing anomalies and to optimize placement of drill holes. Detailed mapping, infill soil sampling and grid-based ground magnetic and VLF surveys will be conducted on the Boundary and Southeast Surf anomalies. The phase 2 program will consist of a diamond drilling program at the Boundary anomaly. Phase 2 will commence once the results from phase 1 are received and compiled. Rimfire and Western Keltic each hold a 50-per-cent interest in the properties. Western Keltic, financed by Barrick Gold Corporation, can earn an additional 30-per-cent interest in the properties by issuing shares and conducting $4.5-million in exploration expenditures. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch