Starfield Resources Provides Drilling Update and Additional Core Assay Results
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THE U.S./
Massive Sulphide Mineralization Encountered in West Zone Extension
TORONTO, Nov. 10 /CNW/ - Starfield Resources Inc. (TSX: SRU / OTCBB:
SRFDF) today announced additional drill results from the Company's exploration
program at Ferguson Lake, Nunavut. The Company also announced its 2008
drilling program concluded on November 3, 2008.
During the 2008 drilling season, 45 Diamond drill holes were completed,
for a total of 19,092 metres drilled. The focus of this year's drill program
was to upgrade additional resources to an indicated status, and to further
define the low sulphide, high grade PGE mineralization in the West Zone.
"I'm pleased with the progress made during the 2008 drill program. Infill
drilling in the West Zone continues to identify high-quality massive sulphide
mineralization," said Ray Irwin, Vice President of Exploration. "The
low-sulphide high-grade PGM horizons have also intersected several of the
holes. Since the PGMs have not yet been incorporated in the resource model, I
look forward to creating a model to determine if the intercepts show
sufficient continuity to develop a resource."
Previous drilling on the West Zone Extension, which is believed to
represent the down plunge western continuation of the West Zone, indicates
that, locally, the massive sulphide lenses are considerably thicker than those
present in the eastern half of the West Zone. To further evaluate this deeper
mineralization, two holes (FL08-407 and FL08-410), totaling 2,005 metres, were
completed during the 2008 drill program. As in some of the previous drilling,
FL08-407 encountered massive sulphide mineralization, with an intersection of
25.5 metres grading 0.63% nickel, 1.18% copper, 0.08% cobalt, 2.00 g/t
palladium, and 0.42 g/t platinum. Although FL08-410 did not encounter a thick
zone of massive sulphides, broad intervals of disseminated, veinlet and
submassive sulphides were encountered, all of which potentially indicate the
mineralization is offset in this area due to faulting. Additional drilling for
this target is warranted and planned in the future.
Of the 45 holes completed during the 2008 drilling program, assays for
the first 10 holes were announced in a news release dated August 27, 2008, and
assays for an additional nine holes were released on September 18, 2008. The
following tables provide assay results received for an additional 13 holes
drilled during the 2008 exploration program. The intervals listed are drill
core lengths and do not necessarily depict true width.
Table 1 - West Zone Assay Results
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From To Interval Pt Pd
Hole No. (m) (m) (m) (g/t) (g/t) Cu Ni Co
-------------------------------------------------------------------------
FL08-392 75.03 76.38 1.35 0.13 0.92 1.70% 0.30% 0.06%
---------------------------------------------------------------
144.70 146.96 2.26 0.22 2.80 0.97% 1.08% 0.12%
---------------------------------------------------------------
152.85 155.65 2.80 5.04 2.76 0.30% 0.30% 0.03%
-------------------------------------------------------------------------
FL08-395 117.60 134.55 16.95 0.18 1.86 1.16% 0.96% 0.01%
---------------------------------------------------------------
279.55 282.45 2.90 2.55 21.95 0.01% 0.02% (less
than)
0.01%
-------------------------------------------------------------------------
FL08-396 88.48 103.47 14.99 0.21 1.66 1.19% 0.75% 0.09%
---------------------------------------------------------------
209.00 210.60 1.60 0.73 4.29 (less 0.02% (less
than) than)
0.01% 0.01%
---------------------------------------------------------------
256.70 259.25 2.55 1.76 3.68 0.01% 0.03% (less
than)
0.01%
---------------------------------------------------------------
285.50 287.00 1.50 1.20 3.53 0.04% 0.09% 0.01%
-------------------------------------------------------------------------
FL08-399 73.70 75.55 1.85 0.34 1.83 1.44% 0.66% 0.11%
---------------------------------------------------------------
120.51 122.00 1.49 0.98 4.52 0.13% 0.13% 0.01%
---------------------------------------------------------------
127.00 132.20 5.20 0.27 2.82 1.08% 0.96% 0.10%
---------------------------------------------------------------
137.33 138.90 1.57 0.12 2.78 0.54% 1.09% 0.12%
---------------------------------------------------------------
155.00 156.23 1.23 2.39 4.86 (less (less (less
than) than) than)
0.01% 0.01% 0.01%
-------------------------------------------------------------------------
FL08-401 66.40 79.00 12.60 0.40 2.20 1.36% 0.83% 0.09%
---------------------------------------------------------------
109.85 116.10 6.25 0.23 2.20 0.52% 0.92% 0.09%
---------------------------------------------------------------
122.30 125.75 3.45 0.22 2.78 0.61% 1.02% 0.11%
-------------------------------------------------------------------------
FL08-403 76.33 79.43 3.10 0.08 0.76 0.86% 0.30% 0.03%
---------------------------------------------------------------
160.00 168.90 8.90 0.20 1.62 0.54% 0.38% 0.05%
-------------------------------------------------------------------------
FL08-404 85.32 90.81 5.49 0.23 1.52 0.96% 0.74% 0.08%
---------------------------------------------------------------
170.00 174.00 4.00 3.16 4.36 0.02% 0.02% (less
than)
0.01%
---------------------------------------------------------------
275.00 278.00 3.00 0.31 5.34 0.14% 0.67% 0.08%
---------------------------------------------------------------
278.00 284.00 6.00 0.46 3.91 0.12% 0.36% 0.04%
-------------------------------------------------------------------------
FL08-406 86.32 91.75 5.43 0.10 0.67 0.52% 0.28% 0.03%
---------------------------------------------------------------
98.85 102.46 3.61 0.39 1.01 0.41% 0.06% (less
than)
0.01%
---------------------------------------------------------------
103.80 109.65 5.85 0.10 0.84 0.57% 0.30% 0.04%
---------------------------------------------------------------
140.70 150.20 9.50 0.06 1.28 0.54% 0.36% 0.04%
-------------------------------------------------------------------------
FL08-411 92.50 98.00 5.50 0.12 1.60 0.75% 0.64% 0.07%
-------------------------------------------------------------------------
FL08-412 92.23 97.20 4.97 0.46 1.24 1.18% 0.56% 0.06%
---------------------------------------------------------------
101.44 114.17 12.73 0.13 1.69 1.30% 0.78% 0.11%
---------------------------------------------------------------
135.78 137.16 1.38 5.56 0.99 (less (less (less
than) than) than)
0.01% 0.01% 0.01%
-------------------------------------------------------------------------
FL08-413 95.00 95.70 0.70 0.04 0.12 0.46% 0.06% (less
than)
0.01%
-------------------------------------------------------------------------
Table 2 - West Zone Extension Assay Results
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From To Interval Pt Pd
Hole No. (m) (m) (m) (g/t) (g/t) Cu Ni Co
-------------------------------------------------------------------------
FL08-407 647.00 672.50 25.50 0.42 2.00 1.18% 0.63% 0.08%
-------------------------------------------------------------------------
FL08-410 No significant results.
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"The nickel/copper/cobalt deposit continues to substantiate a major
resource," said Andr� J. Douchane, President and CEO. "I was particularly
impressed with the 25 metre intercept in the West Zone Extension, and even
though we don't know its true width, it represents a potentially large vein
with good grades."
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 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.
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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
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Starfield Resources Inc
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EXPLORATION STAGE |
CODE : SRU.TO |
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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. |