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Gold/Mining/Energy : SRU-ASE : STARFIELD RESOURCES

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To: Tim Davies who wrote (667)	10/4/1999 11:28:00 PM
From: CIMA	of 1239

By: MAGIC Reply To: 1143 by joelgoldman Monday, 4 Oct 1999 at 1:54 AM EDT Post # of 1147 I was at the Calgary Investment Conference today and spoke with Bob Krause and Glen Indra at length. They intend on improving the understanding of the geological aspects of Ferguson Lake with the investing public. This thing is 18 kilometres long now, huge inferred tonnage (bigger than Voisey Bay but lower grade so far). There are eleven more holes to report on in the coming weeks (maybe something this week). Nick Carter is preparing a major report incorporating all of the INCO data for around the end of October. A big winter program is in the works. It is significant because the source, and potentially higher grade mineralization, is likely under the lake where they haven't been able to drill so far. At the end of phase two they should have a 12M ton reserve and they hope to double that or more by the end of the winter drilling program. At that point majors should be knocking on the door IMO. (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)

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