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Tuesday, 23rd November 2004 (3708 views)

Rimfire Minerals Corporation and Serengeti Resources have announced that they have discovered bulk tonnage style gold mineralisation following drilling at the Tide property.<BR/><BR/>Drilling was funded by Serengeti at the site based north of facilities at Stewart, British Columbia.<BR/><BR/>Gold mineralisation was intersected at the 36 Zone and holes averaged 1.00 g/t gold over 129.4 metres, including a 39.6 metre intersection averaging 1.92 g/t gold. <BR/><BR/>David Caulfield, president and CEO of Rimfire commented: "With our success at the 36 Zone, we look forward to testing the full extent of the 36 Zone and testing other soil geochemical anomalies with similarly high gold-in-soil values found on strike and to the south." <BR/><BR/>"The Stewart area has a long mining history and is richly endowed with precious metals. We see evidence of this in the Tide Property's proximity to two past producing mines at Premier-Silbak and Scottie Gold, south of the Property," David Moore, president and CEO of Serengeti added.<BR/><BR/>A total of 589 metres of drilling took place on the Arrow, South Pit, 36 zones and the High Grade Pit.<BR/><BR/>Rimfire is a well-financed mineral exploration company with gold properties in British Columbia and Alaska, whilst Serengeti is a mineral exploration company under new management with a solid track record for discovery.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7140354"/>

 

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