Whistler Property a Massive System

Exploration Insights (05/30/2009)
"Geoinformatics (GXL) will acquire all of the issued and outstanding shares of Rimfire (RFM) at an agreed exchange ratio of 2.6 GXL shares per RFM share. The merged company will have 47.5 million shares issued and outstanding and approximately C$5 million in cash. The transaction is expected to close before the end of July 2009, and upon closing Rimfire shareholders will hold approximately 47% of the combined company. The Geologic Resource Partners LLC will own ~40%; other major shareholders include Rule Family Trust 3.6% and Global Strategic 2.7%.

We keep track of the prospect generators because many EI subscribers own shares in these companies and subscribe to the joint venture business model for minerals exploration. . .

Whistler is a modest-grade, medium-sized porphyry gold/copper deposit located in mountainous terrain west of Anchorage, AK. It contains an indicated 840,000 oz gold grading 0.87 grams per ton gold and 159 million lbs. copper grading 0.24% copper, and an inferred 2.3 million ounces gold grading 0.59 grams per ton gold and 515 million pounds grading 0.19% copper plus some resources classified as underground.

The geologists at Rimfire have decades of international experience exploring for mineral deposits and are acutely aware of Mother Nature's miserly ways when it comes to major mineral systems. It is their opinion that the Whistler Complex represents one of those rare massive mineral systems that are comprised of a multitude of large hydrothermal cells. This is the appropriate geologic setting where major deposits form. Work thus far has primarily focused on the Whistler porphyry and has not followed up on the 10's of other showings identified to date. Rimfire believes they bring the expertise that is the key to unlocking the exploration potential and value of the Whistler complex.

There is no doubt in my mind that the Whistler Complex represents a major mineral belt and offers multiple strong gold and copper targets.

In summary, this is a transaction that should work very well in a bull market. I am confident RFM knows what an underexplored major mineral district looks like and concur that the Whistler property package is a massive system."

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