Starfield Resources Inc

Published : March 02nd, 2009

Announces Final Core Assay Results From 2008 Exploration Program

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Cobalt |

Starfield Resources Announces Final Core Assay Results From 2008 Exploration Program

     Native Gold Discovered in Till Sample TDS6-084,
     Intervals Grading up to 0.76 g/t Au at Y Lake Trend, and
     Interval Assaying 9.27 g/t Pt at Ferguson Lake West Zone

     TORONTO, March 2, 2009 /CNW/ - Starfield Resources Inc. (TSX: SRU/OTCBB:
SRFDF) today announced assay results from the final core samples obtained from
holes drilled during the 2008 exploration program at the Company's Ferguson
Lake project in Nunavut.
     "The 2008 drilling and exploration season was very successful," said
Andr� Douchane, President and CEO. "Based on the 2008 results, we believe that
the resource study currently underway will allow us to upgrade more of the
inferred resource to an indicated resource. During 2008, we identified more
intercepts in the low-sulphide, high-grade PGM mineralization, which occurs in
the footwall beneath the Ferguson Lake massive sulphide deposit. Of particular
significance is hole FL08-414 which assayed 9.27 g/t platinum. This hole
extends the main area of the high-grade low-sulphide mineralization further
west. This additional information should add to our understanding of the
geology and geometry of this mineralization, and allow us to begin building a
resource model."
     "The exploration effort outside of the Ferguson Lake project was
extremely fruitful," added Mr. Douchane. "Through drilling, we gathered
important information on the Grizzly Trend, the North Zone, and the Y Lake
Trend. Y Lake was particularly productive, returning up to 0.76 g/t of gold.
Additionally, a Diamond was discovered in a till sample, very close to an area
previously identified as highly prospective for diamonds. The entire 2008
exploration effort, which included drilling, area reconnaissance, data review,
processing of till samples, and further chip sampling, allowed us to adjust
our land position to where we can focus on the most favourable areas
surrounding the discoveries."
     Assay results for the final five holes from the 45-hole 2008 drilling
program on the West Zone are detailed in the Table 1. The intervals listed are
drill core lengths and do not necessarily depict true width.

     Table 1 - West Zone Assay Results
     -------------------------------------------------------------------------
     Hole No.    From    To     Interval  Pt     Pd
                 (m)     (m)      (m)    (g/t)  (g/t)    Cu      Ni      Co
     -------------------------------------------------------------------------
     FL08-414    91.10   92.55    1.45    0.04   0.30   1.08%   0.09%   0.01%
               ---------------------------------------------------------------
                156.00  157.60    1.60    9.27   2.89  (less   (less    0.01%
                                                        than)   than)
                                                        0.01%   0.01%
               ---------------------------------------------------------------
                181.70  187.50    5.80    0.20   2.50   0.52%   0.51%   0.06%
     -------------------------------------------------------------------------
     FL08-415   176.25  178.00    1.75    0.47   2.38   1.37%   0.43%   0.09%
               ---------------------------------------------------------------
                178.90  188.10    9.20    0.62   3.26   0.60%   0.62%   0.07%
     -------------------------------------------------------------------------
     FL08-416A  156.15  158.80    2.65    0.10   1.08   0.64%   0.42%   0.06%
               ---------------------------------------------------------------
                159.83  167.44    7.61    0.07   0.94   0.60%   0.44%   0.05%
               ---------------------------------------------------------------
                219.50  223.47    3.97    0.63   3.16   (less   0.02%   (less
                                                         than)           than)
                                                        0.01%           0.01%
     -------------------------------------------------------------------------
     FL08-417    71.45   72.40    0.95    0.20   1.48   1.06%   0.46%   0.05%
               ---------------------------------------------------------------
                117.50  119.00    1.50    2.41   1.52   0.04%   0.02%   (less
                                                                         than)
                                                                        0.01%
               ---------------------------------------------------------------
                173.10  175.35    2.25    0.18   2.31   0.65%   0.44%   0.06%
     -------------------------------------------------------------------------
     FL08-422   155.00  156.42    1.42    0.11   0.70   1.06%   0.26%   0.02%
     -------------------------------------------------------------------------

     North Zone

     During the 2008 exploration program, five widely spaced angle holes were
completed in the North Zone, totaling 2,167 metres. The holes intersected
intervals of sub-massive sulphides, as well as veinlet controlled and
disseminated sulphides.

     Y Lake Trend

     Three widely spaced angled core holes, totaling 1,243 metres, were
completed on the Y Lake trend during the 2008 exploration drilling program.
These holes intersected sulphide-bearing intervals that contained
geochemically anomalous copper (up to 681 ppm), nickel (up to 1,475 ppm),
silver (up to 1,130 ppb), gold (up to 0.76 g/t), arsenic (up to 1,005 ppm),
and tellurium (up to 0.55 ppm).

     Grizzly Trend

     One angled hole, totaling 420 metres was completed on the Grizzly Trend
during 2008. This hole intersected several intervals of veinlet controlled and
disseminated sulphides containing anomalous copper (up to 815 ppm), silver (up
to 1,170 ppb) and tellurium (up to 0.34 ppm).
     The elements arsenic and tellurium are commonly associated with gold
mineralization in many gold deposits. Since they occur in higher geochemical
concentrations than gold, they often serve as good indicators, as well as
pathfinders, to gold mineralization. As a result, they may be used to vector
or direct exploration to the part of a hydrothermal system having the highest
exploration potential.
     "This gold potential is supported by the presence of anomalous gold
values obtained locally in outcrops, as well as the recent discovery of
dendritic gold in a grain of quartz found in sample TS6-084, which occurs near
the southwest end of the Y Lake Trend," said Ray Irwin, Vice President of
Exploration. "Based on these encouraging results, additional drilling is
warranted in the Y Lake area to further test the area's gold potential.
     This drilling would reduce the lateral spacing between existing drill
holes, plus examine the target down dip. As well, the encouraging base metal
and silver results obtained in the solitary hole completed on the Grizzly
trend, warrants additional drilling along strike and down dip on this target
to further evaluate its potential."
     Starfield's Diamond drilling, logging and sampling was overseen by Ray
Irwin, BSc, P.Geo, a Qualified Person in accordance with NI 43-101, who has
reviewed this news release. The samples were prepared at Starfield's
facilities at Ferguson Lake under the supervision of SGS personnel and shipped
to SGS Mineral Services in Lakefield, Ontario.

     About Starfield

     Starfield Resources Inc. is an advanced exploration and development stage
company focused on its Ferguson Lake nickel-copper-cobalt-platinum-palladium
property in Nunavut, Canada. The property is emerging as Nunavut's largest
ongoing base and precious metal project. Starfield has funded the development
of a novel, environmentally friendly and energy-efficient hydrometallurgical
flow sheet to recover metals from its Ferguson Lake massive sulphides.

     Forward-Looking Statements

     This news release may contain certain information that constitutes
forward-looking statements. Forward-looking statements are frequently
characterized by words such as "plan," "expect," "project," "intend,"
"believe," "anticipate" and other similar words, or statements that certain
events or conditions "may" or "will" occur. Forward-looking statements are
based on the opinions and estimates of management at the date the statements
are made, and are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from
those projected in the forward-looking statements. These factors include the
inherent risks involved in the exploration and development of mineral
properties, the uncertainties involved in interpreting drilling results and
other geological data, fluctuating metal prices and other factors described
above and in the Company's most recent annual information form under the
heading "Risk Factors" which has been filed electronically by means of the
Canadian Securities Administrators' website located at www.sedar.com. The
Company disclaims any obligation to update or revise any forward-looking
statements if circumstances or management's estimates or opinions should
change. The reader is cautioned not to place undue reliance on forward-looking
statements.

     -------------------------------------------------------------------------
     Starfield Resources Inc. investors may also participate in the Company's
     online community at http://www.agoracom.com/ir/Starfield.

                              www.starfieldres.com
     %SEDAR: 00009374E
     %CIK: 0001074795
For further information: Andr� J. Douchane, President and CEO, (416) 860-0400
ext. 222, adouchane@starfieldres.com; Greg Van Staveren, Chief Financial
Officer, (416) 860-0400 ext. 223, gvanstaveren@starfieldres.com; Connie
Anderson, Investor Relations, (416) 860-0400 ext. 228,
canderson@starfieldres.com

. <
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Starfield Resources Inc

EXPLORATION STAGE
CODE : SRU.TO
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Starfield Res. is a cobalt and copper exploration company based in Canada.

Starfield Res. holds various exploration projects in Canada.

Its main exploration properties are FERGUSON LAKE, DOME HILL, MOONLIGHT PROPERTY, BLUSTRY MOUNTAIN, FERGUSON (STAR/WYN) and STILLWATER in Canada.

Starfield Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 3.6 millions as of today (US$ 3.5 millions, € 2.7 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.93, and its lowest recent point on March 07, 2013 at CA$ 0.01.

Starfield Res. has 718 801 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Starfield Resources Inc
2/26/2009Announces $2.3 Million Private Placement Offering
5/6/2008Announces Closing of $20 Million Private Placement Offering
4/11/2008 announces $20 million private placement offering
Nominations of Starfield Resources Inc
4/10/2008Appoints Vice President of Exploration
Financials of Starfield Resources Inc
1/11/2013Reports Results For Third Quarter Ended November 30, 2012
7/10/2009Reports Results for the First Quarter ended May 31, 2009
1/9/2009Reports Results for Third Quarter ended November 30, 2008
4/25/2008Reports Results for Fourth Quarter and Fiscal 2008
1/14/2008 Reports Results for Third Quarter Of Fiscal 2008
Project news of Starfield Resources Inc
10/5/2009(Ferguson Lake)Announces Joint Venture Agreement For Diamond Exploration An...
3/2/2009(Ferguson Lake)Announces Final Core Assay Results From 2008 Exploration Pro...
11/10/2008(Ferguson (star/wyn))Provides Drilling Update and Additional Core Assay Results
9/19/2008(Ferguson Lake)Announces Further Core Assay Results From 2008 Drilling Prog...
8/27/2008(Ferguson Lake)Announces First Core Assay Results From 2008 Exploration Pro...
5/1/2008Files Complete Scoping Study to SEDAR
3/20/2008 Scoping Study Confirms Economic Potential at Ferguson Lake ...
2/25/2008(Ferguson Lake)Announces Full 2007 PGE Drill Results From Ferguson Lake
Corporate news of Starfield Resources Inc
1/29/2013. announces TSX delisting review
4/7/2010Plans Detailed Airborne Survey of Moonlight Copper Project
9/10/2009Announces Results Of Airborne Geophysical Survey And Update ...
6/24/2009To Acquire Nevoro Inc.
12/10/2008Discovers Diamond At Ferguson Lake
9/4/2008Announces Successful Test Results From Hydrometallurgical Pr...
8/14/2008Announces Remainder of Core Assay Results From 2007 Explorat...
3/20/2008President & CEO André J. Douchane To Appear on BNN TV
3/14/2008Announces Rhodium Assay Results
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (SRU.TO)FRANKFURT (RE5.F)
0.005+0.00%
TORONTO
CA$ 0.005
03/07 11:17 -
0%
Prev close Open
0.010 0.005
Low High
0.005 0.005
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.005 -%
Volume 1 month var.
130,000 -%
24hGold TrendPower© : -21
Produces
Develops
Explores for Cobalt - Copper - Gold - Nickel - Palladium - Platinum
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.72-0.19%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 10.70+5.11%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.73+1.39%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05-9.09%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64+2.33%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.99+5.86%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.22+7.50%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.98+2.06%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 49.83-0.14%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :