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Gold/Mining/Energy : Western Keltic Mines Inc. (WKM.VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (139)	10/26/2000 9:53:08 AM
From: jerry janko	Read Replies (1) \| Respond to of 157

Western Keltic Mines Inc WKM Shares issued 10,869,858 Oct 25 close $0.10 Thu 26 Oct 2000 News Release See Rimfire Minerals Corp (RFM) News Release Mr. David Caulfield reports Drilling at the Boundary zone on the California-Surf properties has revealed three styles of gold mineralization and shows that gold mineralization is more widespread than indicated by surface sampling. The highest gold values are hosted in one-centimetre to five-centimetre quartz-pyrite-pyrrhotite veinlets that locally contain visible gold intergrown with bismuthinite (that is BND00-04: 147.1-147.6 metres * 24.26 grams per tonne gold). Broader zones of elevated gold values are found in quartz-sericite altered or sheared gneiss locally cut by hairline quartz-pyrite-calcite stringers (that is BND00-01: 56.3-58.7 metres * 2.36 g/t gold). Less commonly, quartz-pyrite-bismithunite+/-arsenopyrite+/-gold veinlets occur in pegmatitic marginal phases of granitic dikes (that is BND00-04: 152.7-153.1 metres * 7.32 g/t gold). The California and Surf properties lie on the eastern extension of the Pogo trend, in east-central Alaska, where Teck and Sumitomo have outlined the 5.6-million-ounce Pogo gold deposit. Recent work by Teck has also intersected gold mineralization in exploration drilling along the 13-kilometre Pogo trend. Four holes totalling 827.1 metres were drilled at the Boundary anomaly, one of five targets outlined to date on the combined properties. The holes targeted a 900-metre by 300-metre gold soil geochemical anomaly centred on a 1,800-metre by 1,300-metre bismuth-arsenic soil anomaly. Within the confines of the soil geochemical anomaly, float rock samples assayed up to 24.8 g/t (0.72 ounce per ton). The following table of core results illustrates the extensive area of quartz stockwork gold mineralization. Summary of Drill Results Hole BND00-01 >From To Width Au (m) (m) (g/t) 56.3 58.7 2.4 2.36 59.9 60.1 0.2 5.24 64.9 65.0 0.1 18.05* 67.2 69.1 1.9 2.98 Incl. 67.2 67.5 0.3 5.46* and 67.7 68.2 0.5 4.23 and 68.9 69.1 0.2 9.06* 83.9 84.7 0.8 1.11 Hole BND00-02 >From To Width Au (m) (m) (g/t) 41.0 41.2 0.2 2.60 87.4 87.5 0.1 1.12* 99.8 100.2 0.4 2.63 102.4 102.7 0.3 0.98 131.1 131.3 0.2 3.98* Hole BND00-03 No significant intersections. Hole BND00-04 >From To Width Au (m) (m) (g/t) 65.4 66.0 0.6 1.24 75.7 75.9 0.2 1.24 79.5 79.8 0.3 1.05 81.2 81.5 0.3 1.53 94.4 96.2 1.8 1.31 96.0 96.2 0.2 9.65 131.4 131.5 0.1 1.32 147.1 147.6 0.5 24.26* 152.7 153.1 0.4 7.32 218.0 218.2 0.2 3.81 222.4 222.7 0.3 3.37 224.4 224.5 0.1 35.24* 240.5 242.5 2.0 0.97 Note: * indicates visible gold. All samples were analyzed at ALS Chemex in North Vancouver. Samples with greater than 1.0 g/t gold were resubmitted for screen metallics assay. Blank and duplicate samples were inserted into the sample shipments submitted to the lab. Mark Baknes, PGeo, managed the program on-site and supervised all sampling and core handling procedures. David Caulfield, chief executive officer of Rimfire, and Donald McInnes, CEO of Western Keltic state: "We are very encouraged by the discovery of visible gold in three of the first four holes drilled on the property. More importantly, strong comparisons can be made between the bismuthinite-visible gold mineralization at the Boundary anomaly and the Pogo deposit itself. The strong gold-bismuth correlation, associated alteration and gold-bearing pegmatitic granite indicate a geological setting not unlike the Liese zone at Pogo. We believe the mineralization intersected to date, while encouraging, is peripheral to our ultimate target and would be analogous to the narrow gold-bearing quartz veins peripheral to the ore zones at Pogo." Exploration on the California-Surf properties is financed by Barrick Gold Corporation through a financing agreement with Western Keltic. The field camp and drill have been left on site in anticipation of drilling next year.