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Gold/Mining/Energy : Palladium Plays in Canada.

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To: winston.s.c who started this subject8/9/2000 9:18:47 PM
From: winston.s.c   of 34
 
STARFIELD RESOURCES INC. NEWS RELEASE August 9th, 2000
Corporate Office: #00-16
Suite 420-625 Howe Street
Vancouver, BC CANADA V6C 2T6 SRU.CDNX
SRFDF – OTC BB
Tel: (604) 608-0400 Fax: (604) 608-0344
Toll Free: (877) 233-2244 email: info@starfieldres.com website: starfieldres.com
NEW GEOPHYSICAL DISCOVERY OF EASTERN FLAT-LYING ZONE
FERGUSON LAKE PGE NICKEL-COPPER-COBALT PROPERTY

The Company is pleased to report that S.J.V. Geophysics has completed compilation of data from the Spring 2000 geophysical exploration program. The UTEM survey has extended the West Zone, which contains a current resource of 14.5 million tonnes, a further 2.3 kilometers west and to depths of up to 1400 meters (please refer to news release #14 dated July 26th). The geophysical exploration program has also located a significant new anomaly (the “M” Zone) at the eastern end of the known mineralized horizon approximately 6 kilometers east of the West Zone. This “blind” (does not extend up to surface) anomaly is important because it represents a totally new target in a geological environment permissive to contain massive sulphides

The “M” Zone lies between the original East Zone (4.2 million tonnes) and Anomaly 51 (“Pointed Lake”). The anomaly extends from line 1800E to 3800E for a total strike length of 2 kilometers, averages over 400 meters in width and dips 10 degrees to the north. Geophysicist Syd Visser of S.J.V. Geophysics reports that this new eastern zone is an extremely strong conductor (see accompanying table) caused by an apparent flat-lying source. The intensity of the conductor has now been re-confirmed during the summer 2000 exploration program by a “very low frequency” (3.76 Hz) survey which covered the entire anomaly. The top of the new target zone starts at a depth of approximately 120 meters and dips at 10 degrees to the north on an approximate east-west trend.
Loop Line Grid Location of top of conductor Dip Depth to top of Conductor in Meters Depth Extent of Conductor in meters Approximate Conductivity in mhos
New shallow dipping conductor All values listed in the tables are approx.
25 1800 E 550 S 10 to 20 S 140 525 >2000
18-28-25 2000 E 600 S 10 to 20 N 150 625 >2000
18-28-25 2200 E 550 S 10 to 20 N 160 625 >2000
18-28-25 2400 E 550 S 10 to 20 N 170 650 >2000
18-28-25 2600 E 550 S 10 to 20 N 180 650 >2000
18-28-25 2800 E 500 S 10 to 20 N 190 500 >2000
27 3000 E 550 S 10 to 20 N 200 550 >2000
27 3200 E 550 S 10 to 20 N 210 550 >2000
27 3400 E 450 S 10 to 20 N 220 500 >2000
27 3600 E 100 S 10 to 20 N 230 200 >2000
27 3800 E 0 S 10 to 20 N 240 150 >2000

Drilling will commence on the new “M” Zone discovery within three days to determine both the cause and thickness of the anomaly. Drilling commenced on August 5th, 2000 on the West Zone extension where a 10,000 meter program is planned. A third drill is being mobilized to Ferguson Lake shortly.

ON BEHALF OF THE BOARD OF DIRECTORS

Glen Macdonald, P.Geol.
Director
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