Northgate Minerals Corp (NXG)

[rossi]

I wish they could produce more silver.
Rimfire Minerals Corporation (TSX VENTURE:RFM) and Northgate Minerals Corporation (AMEX:NXG) (TSX:NGX) are pleased to provide a program update for the Companies' RDN project. Three target areas were tested with 2,499 metres of drilling in nine holes. Several precious metal bearing intervals were intersected; however these are interpreted as veins and breccias that are unlikely to have economic significance. The most important result of the program was the discovery of native silver at a volcanic/sediment contact in an area (Blind Fault) that has not been previously explored. This discovery, along with discovery of a gold and silver mineralized boulder in a second area (Arctic grid) that has only been superficially explored is very encouraging in such prospective rock types. On the basis of these discoveries, Northgate has committed to funding the 2005 exploration program with the aim of discovering a deposit similar to the Eskay Creek Mine, located 40 km to the south.