Rimfire and Inmet Commence Drilling in the Lachlan Fold Belt

VANCOUVER, BC - Rimfire Minerals Corporation reported that crews have been mobilized for the 2009 drilling program at the Barmedman project in New South Wales, Australia. The program will consist of four diamond drill holes totalling 1200 metres to test a buried 2.4 km by 0.5 km Induced Polarization (IP) chargeability anomaly identified in 2008. Drilling is underway and is being funded by Inmet Mining Corporation.
The Barmedman Property was one of nine exploration licenses acquired in 2007 based on targets identified in a Neural Network study conducted on a 120,000 km2 area within the Lachlan Fold Belt in New South Wales. It is located in a corridor of regionally-extensive alteration and clusters of both copper-gold porphyry and high-sulfidation gold occurrences and deposits including prospects adjacent to the Barmedman that have seen recent drilling.
Rimfire completed IP geophysical surveys and MMI geochemical surveys over the core of the Barmedman Neural Network target in 2008 which resulted in the identification of the 2.4 km by 0.5 km IP chargeability high anomaly and a coincident copper-gold Mobile Metal Ion (MMI) geochemical anomaly. The IP anomaly occurs in an area of no outcrop with significant overburden cover and has not been tested by previous drilling. Holes will be collared on 400 metre step-outs to test 1200 metres of strike extent of the anomaly to investigate whether it reflects buried copper-gold mineralization. In addition to drilling, further geochemical sampling including pH and partial leach geochemical surveys are being contemplated to investigate the entire 388 km2 property.
"We believe the Lachlan Fold Belt is very prospective for copper-gold deposits," stated Jason Weber. "The Neural Network study has enabled us to target covered areas within the belt, such as Barmedman. We are excited about drilling this target because it is located adjacent to the eastern edge of a belt of high-sulphidation copper-gold deposits and porphyry copper-gold prospects anchored by the Gidgenbung Mine, a past-producer of 700,000 ounces of gold located 20 kilometres south of the property. This belt trends north through the Yiddah copper-gold porphyry prospect located 2 kilometres east of the Barmedman IP target where Goldminco recently announced a drillhole intersection of 53 metres averaging 0.45 % copper and 0.38 g/t gold."
The company’s address is 1350-650 West Georgia Street, Vancouver, BC V6B 4N9, (604) 669-6660, fax: (604) 669-0898.