SRU-ASE : STARFIELD RESOURCES Message Board

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

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To: CIMA who started this subject	1/7/2001 8:36:16 PM
From: John E.Quinn	of 1239

canada-stockwatch.com Starfield Resources Inc - In the News WSJ says Starfield, rivals seek big payoff in Nunavut Starfield Resources Inc SRU Shares issued 18,535,500 2001-01-04 close $0.49 Friday Jan 5 2001 In the News Also Cumberland Resources Ltd (CBD) The Wall Street Journal reports in its Friday edition that with platinum and palladium prices soaring, and increasingly intricate forward-selling strategies by gold producers become more prevalent, mining firms and analysts say market conditions may be ripe for Nunavut mines to start producing resources potentially worth billions. The Journal's Peter McKay writes that among the companies searching for minerals in the northern territory are Starfield Resources and Cumberland Resources, both based in Vancouver. Analysts and say such output, especially for scarce platinum and palladium, would markedly swing world prices. Cumberland and partner Western Mining of Australia jointly operate the 4.96-million-ounce Meliadine West gold project. The pair have a lot of company as such exploration projects have been ramping up in Nunavut after an almost 40-year layoff. Starfield is searching for platinum and palladium in a project that "is so large, most geologists just shake their heads," says Starfield president Glen Indra. (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com

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