Anglogold joins Rimfire

Vancouver-based Junior Rimfire Minerals (RFM-V) has inked two deals allowing Anglogold (AU-N) to earn up to a 70% stake in the Eagle and ER-Ogo-Fire properties in east-central Alaska.

The major can earn 50% in the properties by paying US$100,000 and spending US$400,000 on each property over four years. AngloGold can increase its interest in the properties to 70% by spending an additional US$500,000 on each.

Both projects are in the Goodpaster district, near Teck Cominco‘s (TEK-T) Pogo gold deposit. Previous work on the Eagle property included 275 metres of diamond drilling to test portions of a 3-by-1.5-km gold-arsenic-bismuth-tungsten soil anomaly. The ER-Ogo-Fire property is adjacent to the Pogo property. Reconnassiance exploration has outlined a gold-arsenic-antimony-silver-bismuth soil anomaly measuring 1.8 km by 400 metres.