Starfield Resources Announces Further Core Assay Results From 2008 Drilling Program
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE U.S./
TORONTO, Sept. 18 /CNW/ - Starfield Resources Inc. (TSX: SRU / OTCBB:
SRFDF) today announced assay results of core samples from nine holes Diamond
drilled during the current season at the Company's Ferguson Lake project.
"I continue to be very pleased with the overall progress of the drilling
program and in particular with results from infill drilling of the massive
sulphide deposit in the West Zone of Ferguson Lake," said Andr� Douchane,
President and Chief Executive Officer.
Results from the nine holes are set out in Table 1 below. They are
subsequent to assays from the first 10 holes, which were released on August
27, 2008.
"The holes were also designed to penetrate the deeper, low-sulphide PGM
high-grade area that sits beneath the eastern end of the West Zone massive
sulphide, which to date has shown mixed results," added Ray Irwin, Vice
President of Exploration. "We do see some very high grade intercepts, and at
the same time we see some mediocre ones. However, we will have enough
information by the end of the drilling season to build a model, and construct
a true picture of this deeper platinum-palladium occurrence."
As outlined in the Company's March 13, 2008 news release, Phase 1 of the
2008 exploration program involved drilling approximately 15,000 metres between
April and September. Of the total, approximately 10,000 metres were to be
drilled into the low sulphide, high-grade PGM Zone that sits approximately 50
metres below the West Zone massive sulphide, and the remaining 5,000 metres
were designated for the deeper West Zone. Phase 2 of the 2008 program provides
for an additional 5,000 metres of Diamond drilling, for a total of 20,000
metres this season.
To date, Phase 1 is near completion, as crews have drilled a total of
14,412 metres, comprising 39 holes, of which 34 were completed to the planned
depth. Of the 34 holes, 29 were in the West Zone and five were in the North
Zone.
Starfield's National Instrument 43-101 report released in July 2007
identified a 44.2 million tonne resource, 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 by December 31, 2009.
-------------------------------------------------------------------------
From To Interval Pt Pd
Hole No. (m) (m) (m) (g/t) (g/t) Cu Ni Co
-------------------------------------------------------------------------
FL08-382A 87.23 91.11 3.88 0.20 1.80 1.10% 1.02% 0.13%
-------------------------------------------------------------------------
113.20 115.35 2.15 2.55 1.10 0.01% 0.02% (less
than)
0.01%
----------------------------------------------------------------
149.10 150.50 1.40 4.22 0.68 (less (less (less
than) than) than)
0.01% 0.01% 0.01%
-------------------------------------------------------------------------
FL08-386A 135.70 140.00 4.30 0.16 2.34 1.11% 0.82% 0.12%
----------------------------------------------------------------
141.10 149.00 7.90 0.37 2.22 0.68% 0.77% 0.08%
----------------------------------------------------------------
279.40 281.20 1.80 0.40 4.46 0.03% 0.16% 0.02%
-------------------------------------------------------------------------
FL08-388 84.50 87.00 2.50 0.16 1.45 1.22% 0.94% 0.10%
-------------------------------------------------------------------------
FL08-390 79.87 84.27 4.40 0.15 1.28 0.94% 0.55% 0.05%
----------------------------------------------------------------
86.80 88.30 1.50 0.18 0.66 1.20% 0.26% 0.03%
----------------------------------------------------------------
150.77 153.66 2.89 0.10 1.36 0.52% 0.57% 0.07%
----------------------------------------------------------------
154.74 156.76 2.02 0.15 2.35 0.79% 0.93% 0.10%
-------------------------------------------------------------------------
FL08-391 66.00 70.70 4.70 0.24 1.47 1.01% 0.64% 0.07%
----------------------------------------------------------------
95.10 98.60 3.50 0.16 2.22 1.07% 0.75% 0.14%
-------------------------------------------------------------------------
FL08-393 87.00 100.46 13.46 0.32 2.10 1.36% 0.92% 0.09%
----------------------------------------------------------------
155.00 159.00 4.00 0.20 1.66 1.28% 0.82% 0.10%
----------------------------------------------------------------
194.80 195.82 1.02 0.53 25.51 0.04% 0.02% (less
than)
0.01%
-------------------------------------------------------------------------
FL08-394 126.42 130.17 3.75 0.16 1.40 0.92% 0.80% 0.10%
-------------------------------------------------------------------------
FL08-397A 122.64 127.40 4.76 0.10 1.75 1.22% 0.88% 0.15%
----------------------------------------------------------------
273.13 274.58 1.45 1.41 2.86 0.06% 0.06% 0.01%
-------------------------------------------------------------------------
FL08-398 156.45 158.00 1.55 0.66 6.15 (less (less (less
than) than) than)
0.01% 0.01% 0.01%
-------------------------------------------------------------------------
Table 1 - Assay results from nine holes drilled in 2008 exploration
program at Ferguson Lake property. (The intervals listed are drill core
lengths and do not necessarily depict true width.)
The Company continues to experience a turnaround time of 10 weeks for
assay results, and it now appears that this slower processing time will
continue for the balance of 2008.
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 the facilities of
Acme Analytical Laboratory Ltd. in Yellowknife and shipped to Acme's
laboratory in Vancouver for analysis. Check assays were performed by SGS
Mineral Services in Lakefield, Ontario.
About Starfield
Starfield Resources Inc. is an advanced exploration and 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.
www.starfieldres.com
130 Adelaide Street West, Suite 2210, Toronto, Ontario, Canada M5H 3P5
%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
.
|
Starfield Resources Inc
|
|
EXPLORATION STAGE |
CODE : SRU.TO |
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact 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. |