Rimfire Minerals And Inmet Start Four-Hole Drilling Program On Barmedman Project

Rimfire Minerals Corporation announced that it and Inmet Mining will commence a four-hole, 1200-m drilling project on an induced-polarization anomaly in the Bardeman Project. The news release goes into the geology of the area, and notes why Rimfire expects to find a copper-gold deposit there. There's also details on the joint venture agreement between the two companies.

Rimfire opened 0.5 cents below yesterday's closing price of 22 cents. As of the time of this post, it's back to 22 cents. Inmet is at $31.81, up 74 cents.

Rimfire's Google Finance web page is here. Inmet's is here.

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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.

Rimfire Minerals Gets 53.73 m Of 0.11% Copper And 0.19 g/t Gold In Grizzly Showing Drill Hole

Rimfire Minerals Corporation has announced the results from its Grizzly Property, from an eight-hole drilling program at the Grizzly Showing and three holes at the Mirko Grid. Hole GRZ08-11 on the Grizzly Showing assayed at 53.73 metres of 0.11% copper and 0.19 g/t gold, including 17.38 metres of 0.21% copper and 0.28 g/t gold. This hole is the only one to have yielded significant assay results on the Grizzly Showing. The news release provides geological context and details on the moly results on the Mirko Grid part of the Grizzly Property.

As of the time of this posting, the market hasn't opened yet. Rimfire is 23.5 cents bid, 26 cents asked; yesterday's close was at 26 cents, same as the ask.

The Rimfire Minerals Corp. Google Finance web page is here.

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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.