Starfield Resources Inc

Published : August 27th, 2008

Announces First 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 First Core Assay Results From 2008 Exploration Program

     /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
     THE U.S./

     TORONTO, Aug. 27 /CNW/ - Starfield Resources Inc. (TSX: SRU/OTCBB: SRFDF)
today announced assay results of core samples from the first 10 holes Diamond
drilled at the Company's Ferguson Lake project during the 2008 exploration
program.
     "We are very pleased with the results," said Andr� Douchane, President
and Chief Executive Officer. "We continue to find copper, nickel and cobalt
mineralization exactly where it was predicted to be, and the team is doing a
great job upgrading the mineral resource calculation."
     Starfield's current resource totals 44.2 million tonnes, of which
15.3 million tonnes is listed in the indicated category. The Company's goal is
to add approximately 15.0 million more tonnes to the indicated category over
the next two years.
     The 10 holes total 3,662 metres of drilling, all of which was performed
in the West Zone of the Ferguson Lake property.
     "The assays provide no surprises," said Ray Irwin, Vice President of
Exploration. "The results show strong continuity between existing holes in the
West Zone and they extend the massive sulfide lenses encountered in previous
exploration. We also see that the mineralization is open at depth."
     The additional platinum group elements identified in the current results
are being investigated further with mineralization studies and check assays.
     The 2008 program began in April with two drilling rigs working at
Ferguson Lake, in the West Zone and North Zone. To date, crews have drilled a
total of 12,235 metres comprising 33 holes, of which 28 were completed to the
planned depth. Of the 28 holes, 24 were in the West Zone and four were in the
North Zone.
     The assay results from the 10 holes are set out in Table 1 below.

     -------------------------------------------------------------------------
                From    To    Interval  Pt      Pd
     Hole No.   (m)     (m)     (m)    (g/t)   (g/t)     Cu      Ni      Co
     -------------------------------------------------------------------------
     FL08-376   54.50   63.50   9.00   0.02     1.48    0.85%   0.60%  0.070%
     -------------------------------------------------------------------------
     FL08-377   71.49   77.24   5.75   0.10     0.71    0.86%   0.30%  0.050%
              ----------------------------------------------------------------
               198.62  200.10   1.48   0.20     4.01    0.13%   0.54%  0.050%
     -------------------------------------------------------------------------
     FL08-381   73.00   77.90   4.90     ND       ND    0.33%   0.03%  0.008%
     -------------------------------------------------------------------------
     FL08-382   87.45   93.60   6.15   0.16     1.88    0.88%   1.08%  0.120%
     -------------------------------------------------------------------------
     FL08-383   67.10   76.50   9.40   0.28     1.96    1.41%   0.72%  0.080%
              ----------------------------------------------------------------
                77.50   87.30   9.80   0.35     2.42    1.42%   0.94%  0.090%
              ----------------------------------------------------------------
               176.00  177.50   1.50   3.35     3.95       ND      ND      ND
     -------------------------------------------------------------------------
     FL08-384   84.90  101.00  16.10   0.34     2.21    1.44%   0.84%  0.090%
              ----------------------------------------------------------------
               204.50  206.00   1.50   3.12     1.89    0.01%   0.02%  0.003%
     -------------------------------------------------------------------------
     FL08-385   73.47   81.50   8.03   0.06     1.18    1.55%   0.60%  0.060%
     -------------------------------------------------------------------------
     FL08-386   61.96   64.90   2.94   0.16     1.23    0.89%   0.64%  0.070%
              ----------------------------------------------------------------
                92.82   95.70   2.88   0.18     0.80    1.44%   0.12%  0.020%
              ----------------------------------------------------------------
               131.28  143.25  11.97   0.25     2.83    1.06%   1.03%  0.120%
              ----------------------------------------------------------------
               210.55  211.81   1.26   0.22     2.28    0.07%   0.24%  0.030%
     -------------------------------------------------------------------------
     FL08-387   86.50   92.00   5.50   0.30     2.00    1.32%   0.86%  0.100%
     -------------------------------------------------------------------------
     FL08-389   96.32   97.24   0.92   0.29     2.80    0.90%   1.20%  0.120%
              ----------------------------------------------------------------
               131.00  138.47   7.47   0.18     2.15    0.90%   0.87%  0.100%
              ----------------------------------------------------------------
               153.24  154.70   1.46   1.67    20.68       ND      ND      ND
              ----------------------------------------------------------------
               265.20  267.00   1.80   0.82     6.68    0.39%   0.48%  0.060%
     -------------------------------------------------------------------------

     Table 1 - Assay results from initial 10 holes drilled in 2008 exploration
     program at Ferguson Lake property. (ND means non-detectible. The
     intervals listed are drill core lengths and do not necessarily depict
     true width.)

     The primary objective of the 2008 program was to upgrade the mineral
resource calculation by drilling approximately 10,000 metres of core and
further investigate the low-sulfide, high-grade platinum/palladium
occurrences. With that objective completed, crews are currently drilling three
additional 900 metre core holes in an effort to further delineate the down
plunge of the West Zone extension. The program is scheduled to continue
drilling the West Zone and several strong outlying anomalies until late fall.
     The drill rig in the North Zone is currently finishing its last hole and
is preparing to move 20 kilometres to Y Lake in early September. Y Lake is a
very large geophysical anomaly with surface mineralization located in the
southern part of Starfield's 1.3 million acre claim block.
     The Company continues to experience a turnaround time of 10 weeks for
assay results and it now appears this slower processing time will continue for
the balance of 2008.
     Starfield's Diamond drilling, logging and sampling was overseen and
carried out 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 Acme
Analytical Laboratory Ltd. facilities in Yellowknife and shipped to Acme's
laboratory in Vancouver for analysis. Check assays were performed by SGS in
Lakefield, Ontario.

     About Starfield

     Starfield Resources Inc. is an advanced exploration and emerging early
stage development company focused on its Ferguson Lake
Nickel-Copper-Platinum-palladium-Cobalt 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 flowsheet to recover metals
from its Ferguson Lake massive sulphides.

     %SEDAR: 00009374E
For further information: Connie Anderson, Investor Relations, Starfield
Resources Inc., (416) 860-0400 ext. 228, canderson@starfieldres.com; Andr�
J. Douchane, President and CEO, Starfield Resources Inc., (416) 860-0400 ext.
222, adouchane@starfieldres.com; Greg Van Staveren, Chief Financial
Officer, Starfield Resources Inc., (416) 860-0400,
gvanstaveren@starfieldres.com, www.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$ 10.58-1.12%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 0.74+2.08%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$ 2.61-1.14%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$ 16.71-1.65%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24-2.04%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$ 1.95-1.52%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 49.06-1.55%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 :