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Starfire Minerals Inc (C-SFR) - News Release
Starfire drills 5.55 m of 4.48% Ni at Langmuir
2007-01-02 11:35 ET - News Release
Shares issued 46,657,435
SFR Close 2007-01-02 C$ 0.365
Mr. Dan Mosher reports
STARFIRE INTERSECTS 9.21% NICKEL OVER 1.27 METERS AND 4.48% NICKEL OVER 5.55 METRES ON LANGMUIR TOWNSHIP PROPERTY
Starfire Minerals Inc. has intersected high-grade nickel mineralization on the company's wholly owned Langmuir nickel project near Timmins, Ont. The company has completed drilling an additional three holes to test south zone mineralization during December, 2006.
The south zone was discovered in the late 1970s by the Inco-Noranda joint venture that operated the Langmuir No. 2 deposit. In 1989, Timmins Nickel Ltd. drilled four holes into the south zone, confirming the down-plunge and strike extension of the deposit.
The first two diamond drill holes from December, 2006, were drilled to test a down-hole anomaly located by Timmins Nickel in 1990, approximately 150 metres west of any previously located mineralization. The komatiite-dacite contact was weakly mineralized in both holes with the best result in hole No. 2 grading 0.31 per cent Ni over a core length of 1.5 metres.
The third hole (EL-06-03) was a 30-metre step-out west from Timmins Nickel hole L-89-01 that intersected 4.88 per cent Ni over a core length of 1.85 metres. The L-89-01 information is prior to implementation of National Instrument 43-101 standards. Any historical information provided is for reference only and the reader should not infer or assert that the information is correct, reliable, relevant or accurate, and should not be relied upon.
Hole El-06-03 intersected massive, net-textured and disseminated pentlandite as well as millerite from 424.35 metres to 429.9 metres. The entire section averaged 4.48 per cent nickel, 0.37 per cent copper and 0.044 per cent cobalt over a core length of 5.55 metres. True width of the intersection is estimated at 60 to 65 per cent of the core length.
From To Length Nickel Copper Cobalt
m m m % % %
424.35 425.62 1.27 9.21 0.68 0.137
425.62 426.24 0.62 3.66 0.105 0.024
426.24 427.30 1.06 3.38 0.029 0.014
427.30 428.00 0.70 0.79 0.022 0.004
428.00 428.90 0.90 0.97 0.170 0.005
428.90 429.90 1.00 5.90 0.920 0.032
Assays were performed on split BQ-size core by Swastika Labs of Swastika, Ont. The analytical method is aqua regia digestion with atomic absorption spectrometric determination. Assays for platinum-group elements are still pending.
This intersection was located at a vertical depth of 390 metres at the komatiite-dacite contact.
Drilling will continue in early 2007 to test the strike length and up-dip expression of the deposit. Additional fieldwork will include down-hole geophysical surveys, and additional grid cutting and survey work.
Starfire's qualified person, as that term is defined in National Instrument 43-101, and project geologist for this property is Gerald Harron, PEng, of Toronto, Ont.
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