STARFIELD RESOURCES INC.
PRESS RELEASE November 21st, 2000
Corporate Office: #00-22
Suite 420-625 Howe Street
Vancouver, BC CANADA SRU.CDNX
V6C 2T6 SRFDF – OTC BB
Tel: (604) 608-0400 Fax: (604) 608-0344
Toll Free: (877) 233-2244 email: info@starfieldres.com website: starfieldres.com
PROPERTY RESOURCE INCREASED TO 25.8 MILLION TONNES
Starfield Resources Inc. is pleased to announce that the resource estimate for the Ferguson Lake West Zone has been increased by 3.9 million tonnes grading 0.79% Cu, 0.45% Ni and 1.16 g/t PGE through definition drilling. This revised estimate provided November 13, 2000 by Dr. N.C. Carter, Ph.D., P.Eng., the company’s independent consulting geologist is calculated from six recent holes on Sections 60W and 62W. This additional tonnage augments the previously reported global resource of 21.9 million tonnes @ 0.84% Cu, 0.62% Ni and 1.23 g/t PGE.
The company is continuing the deep definition drill program on the West zone and will announce additional drill results for a further six holes for this deeper zone shortly.
Starfield also announces that it has reached an agreement with Augen Limited Partnership V (ALPV) for the flowthrough placement of up to 1,000,000 units at $0.45 per unit ($450,000) subject to minimums on closing of ALPV. Each unit will consist of one flowthrough share and one-half purchase warrant. Each full warrant will allow for the purchase of one further share at $0.50 for one year from closing. A due diligence fee of between 5-7% of the amount of the flowthrough funds placed, will be paid by Starfield to the General Partner. Closing is expected to be by mid December, 2000.
On behalf of the Board of Directors
“Glen Macdonald”
Glen Macdonald, Director |
