Company Information for Rimfire Minerals Corp

TSX.V-RFM

www.rimfire.ca

View video

Company stock charts - 6 Month chart

TSX.V; RFM

View full financial data

Company Statement

Rimfire Minerals Corporation is a new generation of early stage precious metal exploration specialists whose long-term business plan offers shareholders an interest in multiple discovery opportunities, each in partnership with major and mid-tier gold producers or prominent junior exploration firms.

This unique business approach, coupled with unparalleled technical and operational expertise makes Rimfire favourite among analysts, industry partners and investors alike.

Current Operations

Location - Rimfire is working in Western Canada, Alaska and Australia for three good reasons:

Knowledge: As principals of a successful mineral exploration consulting firm, Rimfire's management has accumulated over fifty years of exploration experience. With this experience management has gained a profound understanding of the styles and geological controls on mineralization in the Northwest.
Mineral Potential: Western Canada and Alaska have excellent geological potential for a variety of commodities and deposit types.
Data: BC, Yukon, Alaska and Australia have some of the most comprehensive publicly available databases in the world. This data is integral to our research and project generation efforts.

Exploration stage - Rimfire is focused on properties that are at the early stages of exploration or located in under explored regions

These targets may have a few drill holes, some mineral showings, or may be derived from in-house regional compilations. In every case, though, they must demonstrate excellent potential for discovery of major deposits. Entry cost is lower at an early stage and successful exploration has greater upside potential.

Deposit type - Rimfire is searching for specific deposit types that are defined on the basis of profitable metals and grades.

The deposit types chosen are those that have the potential to develop into large, low-cost producers. Rimfire's ultimate goal is to discover a world-class deposit, and advance it to the point where a major mining company will purchase the deposit or the Company.

Lachlan Fold Belt for Copper-Gold Targets

Exploration in the Lachlan Fold Belt (LFB) has been initiated on the basis of a proprietary data mining method (Neural Network) developed by BWG. In addition to a rich endowment of precious and base metal deposits in the LFB (total gold resource of 150 M oz), including the world-class Cadia – Ridgeway alkalic porphyry Cu-Au deposits (1.2Bt for 28.2M oz Au and 3.8Mt Cu), the belt is ideally suited for the application of a Neural Network study due to an extensive, publically available modern geoscience database. BWG provided Rimfire with target maps generated from data mining a 120,000 km2 area of interest (AOI) in a prospective portion the Lachlan Fold Belt. Rimfire has the exclusive right to use the target maps and geoscience data to acquire licenses and conduct exploration in the AOI for a period of two years. Rimfire has acquired nine exploration licenses totalling approximately 926 km2 and optioned the Springfield property from Jaguar Minerals Limited.

Exploration Targets
Exploration within Rimfire’s licenses is focused on Cu-Au porphyry systems and precious metal orogenic and epithermal deposits. Field work is currently underway at five target areas:

Barmedman: Located 50 km south of the 5 M oz Cowal epithermal Au deposit in an extensive belt (>40km) of semi-continuous alteration and mineralization, characterized by both high sulphidation and Cu-Au porphyry occurrences and deposits. Rimfire has identified a 0.5 by 1.4 km chargeability anomaly coincident with a discrete copper and gold Mobile Metal Ion (MMI) anomaly in this deeply covered and underexplored portion of the prospective Macquarie Arc.

Walmer: Occurs in an under-explored region of favourable Ordovician age volcanic and sedimentary rocks that contain regionally extensive alteration systems, and is proximal to known Cu porphyry occurrences. Rimfire has identified several mineralized structures on the property associated with regionalscale thrust faults. One of these structures, the Trounce, is comprised of a sulphidized and clay-altered fault zone with quartz veins that assay up to 7.4 g/t Au from grab samples. The strike length of this mineralized system is up to 500 metres long as indicated by a coincident chargeability anomaly currently open in both directions along strike.

Springfield: Rimfire has entered into an agreement to explore Jaguar Minerals Limited’s “Springfield”property, which lies 12 km south-southeast of the historic gold mining town of Gulgong and 80 km to the northeast of Newcrest's Cadia Valley porphyry copper-gold mining complex.The Springfield area was rated high by the BWG Neural Network study and is in proximity to a past-producing placer gold district with an estimated 500,000 ounces of gold production.Gold mineralization (including a historic 60,000 oz, non-43-101 compliant gold resource) found to date at Springfield is hosted in late Ordovician volcanic rocks which have been intruded by co-magmatic monzodiorite and monzonite to syenite intrusives, a setting that is permissive for copper-gold porphyry mineralization of the Cadia-Ridgeway type.

Opportunity
In partnership with BWG, Rimfire has acquired a tremendous exploration advantage in the Lachlan Fold Belt by utilizing the Neural Network approach to focus and rank areas for detailed ground exploration.This provides an opportunity for discovery at a number of properties in a world-class Cu-Au district. Fieldwork, including traditional geochemistry, Mobile Metal Ion geochemistry and ground geophysics, followed by drilling, is planned for the recently acquired Springfield, while drilling and/or a partnership to fund drilling is considered for the Barmedmen and Walmer (Trounce) prospects in late 2008.

Barmedman Project - Lachlan Fold Belt, New South Wales, Australia

The Lachlan Fold Belt is a significant Cu and Au mining district in New South Wales, Australia, which hosts world-class deposits, such as the Cadia Valley porphyry copper-gold mining complex (28.5 Moz gold and 3.8Mt copper). In this proven mining district, discovery opportunities exist in regions of thick overburden cover that as a consequence are significantly underexplored. A Neural Network study of the Lachlan Fold Belt done by BWG Mining on behalf of Rimfire Minerals, integrated a range of geological, geophysical and other spatial datasets to define areas of high mineral potential, including covered areas. The Barmedman area was ranked highly by this study and the exploration license was subsequently acquired and held 100% by Rimfire.

The 388 km2 Barmedman license is located in the western portion of the Lachlan Fold Belt 180 kilometres southwest from the town of Orange, New South Wales. The property sits within an area of regionally-extensive alteration and mineralization, characterized by both high sulfidation and coppergold porphyry occurrences and deposits. Relative to adjacent ground, the Barmedman area remains underexplored due to a thick cover of transported overburden. In 2008, Rimfire utilized “deep-seeing” Mobile Metal Ion (MMI) geochemical and geophysical tools to locate potentially buried mineralization. That program identified a 0.5 km by 2.4 km Induced Polarization (IP) chargeability anomaly coincident with MMI geochemical anomalies. In late 2008 Inmet Mining Corporation optioned the Barmedman property from Rimfire. Under the terms of the agreement, Inmet can earn a 60% interest by funding at least $5 million in exploration on the property over four years, including $400,000 in the first year. Inmet will make staged cash payments totalling $250,000 over the earn-in period, including $50,000 upon signing.

Opportunity
The Barmedman Project presents an excellent opportunity for discovery:

The IP anomaly discovered by Rimfire in 2008 is situated in Ordovician volcanic rocks in the western portion of the Lachlan Fold Belt that hosts significant Cu-Au and Au deposits, including the Cowal mine (2.3 MOz Au
epithermal deposit), the Northparkes mine (1.2 Mt Cu and 1.6 MOz Au porphyry deposit), and the past producing Gidginbung mine (0.7 MOz Au high sulphidation deposit)
Ground adjacent to the Barmedman Project, which is geologically similar, hosts significant early-stage drilled prospects, indicating the high potential for mineralization and clustering within this region
o Cullingerai Prospect: 50m @ 0.5% Cu and 0.8 g/t Au (Goldminco)
o Rain Hill Prospect: 167m @ 0.7% Cu and 1.0 g/t Au (Goldminco)
The project location is within close range of power and transportation infrastructure
In partnership with Inmet Mining, Rimfire plans to undertake 1200m of drilling in early 2009 to test the IP target.

Victoria Gold Fields
Grassroots Opportunities in a Proven Gold District Northgate Minerals Corporation completed the acquisition of Perseverance Corporation Ltd., in February 2008, adding the Fosterville and Stawell Gold (Magdala) mines to its mining portfolio. In addition to the producing assets, Northgate inherited a large area of exploration licenses covering the Stawell mineral trend.Unable to effectively explore the entire land package on their own, Northgate is focussing on exploration within 50 km of the Stawell minesite, and has granted Rimfire the option to explore the remainder Northgate’s key land position within the belt.

Opportunity
Some of the keys to this opportunity include:

The opportunity to explore a highly productive gold belt in a politically stable jurisdiction.
Northgate’s land position is coherent, encompassing much of the Stawell Corridor.This corridor is well defined with
their high-grade Stawell Gold Mine at its core.
Excellent greenfield exploration opportunities.The exploration model for the corridor has been extensively studied, providing exploration criteria at both the regional and detailed scales.With access to Northgate’s SGM, Rimfire will gain a better understanding of the geological model to improve overall exploration effectiveness.
High quality targets with convincing similarities to SGM exist in the belt. Previous exploration was well designed, identifying numerous targets that have yet to be brought to the drill-ready stage, however, insufficient resources were available to Northgate’s predecessor to conduct systematic greenfields exploration of the land package.
The deal is structured similar to other Rimfire/Northgate arrangements in which Rimfire undertakes to advance exploration to the point where drill targets are defined, at which time Northgate can take over funding of
exploration, earning a larger percentage in the property for doing so.

Geographical Spread

Canada (British Columbia, Yukon Territory) and United States (Alaska), Australia (New South Wales).

Board of Directors and Key Management

Management
Jason Weber, P.Geo.	President and CEO
David A. Caulfield, P.Geo.	Chairman and Director of Business Development
Mark E. Baknes, M.Sc., P.Geo.	VP Exploration
Robert A. Duncan, M.Sc.	Manager, Exploration
Dorothy Miller, CGA	Chief Financial Officer
Mike Roberts, Ph.D.	Senior Geologist
Patrick O. Moodie, BA Economics	Manager, Corporate Communications
Wesley A.Hodson, B.Sc., ADP GIS	GIS Specialist/Geologist
Dan Lui, M.Sc.	Project Geologist

Board of Directors
David Caulfield (P.Geo.)	Chairman and Director of Business Development
Jason Weber (P.Geo.)	President, CEO and Director
Henry Awmack (P.Eng.)	Lead Director
Jack H. L. Miller (P.Eng.)	Director
Bipin Ghelani	Director
William G. Schur	Director
Mark T. Selby	Director

Company Address

1350-650 West Georgia Street

Vancouver, British Columbia, Canada V6B 4N9


Telephone:	(604) 669-6660
Facsimile:	(604) 669-0898
Email:	info[at]rimfire.bc.ca
Website:	http://www.rimfire.ca

Capital

Shares Issued: 25.7 million
Fully Diluted: 30.8 million

Annual General Meeting

June

Year End

January 31

Most Recent Statement

12/06/09 - Rimfire and Geoinformatics Enter Into Definitive Agreement to Combine
26/05/09 - Investment Industry Regulatory Organization of Canada - Trading Halt - Rimfire Minerals Corp. - RFM
26/05/09 - Rimfire and Geoinformatics Announce Business Combination
29/04/09 - Rimfire Signs Agreement on Quesnel Trough Porphyry Copper-Gold Targets
23/03/09 - Island Arc Drops Jake Option
23/03/09 - Rimfire Minerals Corporation: Island Arc Drops Jake Option

To top