Starfield Resources Inc Snapshot | SRU Forum | BullBoards Main | All Forum Search
Posted By Subject Post Time (EST) Post ID
JamesAndrews (ID#: 144192) Release 8/20/01 18:08 4031942
« Previous Message Next Message »
STARFIELD RESOURCES INC.
PRESS RELEASE August 20th, 2001
Corporate Office: #SRU-15-01
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 Page 1 of 2
Ferguson Lake Nickel-Copper-Cobalt-Platinum-Palladium Project, Nunavut, Canada
300 METER (990 FEET) WESTERLY STEPOUT INTERSECTS
45.75 METERS (151.6 FEET) OF MASSIVE SULPHIDES
Starfield Resources is pleased to report assay results recently compiled from the Ferguson Lake Nickel-Copper-PGE-Cobalt property. Drill Holes FL01-75 to FL01-84 all successfully intersected West Zone massive sulphides and further defined the mineralized target. Drill Holes FL01-82 and FL01-84, located on Section 6160 West were designed as stepout holes to trace the mineralized trend established on Section 5856 West by Hole FL01-74 (reported July 9th, 2001). Hole FL01-82 drilled at an inclination of -73° intersected the West Zone from 588.05 to 618.9 meters, including a total of 14.4 meters of massive sulphides. Hole FL01-84, drilled under FL01-82 at a steeper drill angle of -80° intersected 45.95 meters of massive sulphides from 671.23 to 717.18 meters and represents the deepest intersection obtained to date at Ferguson Lake.
Results for Holes FL01-82 and FL01-84 are summarized as follows:
Hole No. Interval (m) Length m (ft) Cu Ni Co (%) Pd g/t Pt g/t Pd+Pt g/t
FL01-82 588.05-592.78 4.73 (15.6) 1.58% 0.40% 0.042 0.80 0.16 0.96
597.63-602.17 4.54 (14.9) 1.33% 0.77% 0.087 2.08 0.34 2.42
613.91-618.91 5.00 (16.5) 0.97% 0.91% 0.099 2.11 0.27 2.38
FL01-84 671.23-717.18 45.95 (151.6) 1.34% 0.76% 0.089 1.99 0.32 2.31
(including 671.23-684.29 13.06 (43.1) 1.36% 0.86% 0.093 2.06 0.43 2.49)
(and 704.00-717.18 13.18 (43.5) 1.11% 0.88% 0.1 2.25 0.26 2.51)
751.91-755.79 3.88 (12.8) 0.98% 0.70% 0.066 1.72 0.43 2.15
(including 751.91-754.38 2.47 (8.1) 1.30% 0.98% 0.09 2.41 0.57 2.98)
Drill Holes FL01-75, 77 and 80 were drilled to test mineralization higher in the zone to the west of intersections obtained in Holes FL01-72, 73 and 74 and reported earlier. Hole FL01-75 was sited on Section 5856 West, and FL01-77 and 80 were drilled from a common setup on Section 5960 West at -70° and -60° inclinations, respectively. Results for Holes FL01-75, 77 and 80 are summarized below:
Hole No. Interval (m) Length m (ft) Cu Ni Co (%) Pd g/t Pt g/t Pd+Pt g/t
FL01-75 594.83-596.85 2.02 (6.7) 1.41% 0.72% 0.089 1.87 9.95 1.92
608.39-625.29 16.9 (55.8) 0.75% 0.30% 0.034 0.68 0.14 0.82
(including 608.39-616.10 7.71 (25.4) 1.05% 0.31% 0.037 0.68 0.10 0.78)
(and 621.94-625.29 3.35 (11.0) 1.24% 0.77% 0.079 1.78 0.44 2.22)
FL01-77 562.73-569.60 6.87 (22.7) 0.96% 0.80% 0.102 1.78 0.19 1.97
(including 565.92-569.60 3.68 (12.1) 1.20% 0.82% 0.113 2.28 0.22 2.50)
FL01-80 499.14-506.25 7.11 (23.5) 1.14% 0.76% 0.082 2.12 0.21 2.33
(including 499.87-502.95 3.08 (10.2) 1.18% 0.87% 0.092 2.53 0.17 2.70)
(and 503.45-506.25 2.8 (9.2) 1.15% 0.77% 0.084 2.05 0.28 2.33)
Five drill holes, FL01-76, 78, 79, 81 and 83 were completed to further define the eastern portion of West Zone. Results for these holes are summarized below:
Hole No. Interval (m) Length m (ft) Cu Ni Co (%) Pd g/t Pt g/t Pd+Pt g/t
FL01-76 378.00-403.00 25 (82.5) 1.04% 0.44% 0.053 0.81 0.17 0.98
407.50-419.53 12.03 (36.7) 1.77% 0.48% 0.054 1.05 0.26 1.31
(including 412.00-419.53 7.53 (24.8) 2.21% 0.43% 0.057 1.38 0.34 1.72)
(and 416.18-419.53 3.35 (11.0) 2.65% 0.63% 0.089 1.93 0.50 2.43)
422.07-430.00 7.93 (26.2) 1.18% 0.48% 0.069 1.32 0.33 1.65
(including 427.14-430.00 2.86 (9.4) 1.50% 0.71% 0.081 2.04 0.57 2.61)
FL01-78 459.45-471.15 11.7 (38.6) 0.52% 0.21% 0.027 0.61 0.13 0.74
(including 459.45-465.00 5.55 (18.3) 0.71% 0.33% 0.042 0.72 0.09 0.81)
(and 462.60-465.00 2.4 (7.92) 0.90% 0.52% 0.065 0.99 0.14 1.13)
FL01-79 416.00-421.00 5 (16.5) 0.44% 0.09% 0.015 0.27 0.05 0.32
426.00-430.19 4.19 (13.8) 0.47% 0.29% 0.041 0.78 0.07 0.85
461.00-463.00 2 (6.6) 0.06% 0.09% 0.015 1.02 0.53 1.55
FL01-83 352.90-363.00 10.1 (30.3) 1.21% 0.47% 0.052 1.47 0.19 1.66
(including 352.90-357.05 4.15 (13.7) 0.68% 0.86% 0.094 2.32 0.27 2.59)
FL01-81 381.50-391.05 9.55 (31.5) 1.39% 0.50% N/A 1.34 0.25 1.59
(including 381.50-384.70 3.2 (10.6) 2.55% 0.64% N/A 1.71 0.42 2.13)
(and 388.20-391.05 2.85 (9.4) 0.70% 0.68% N/A 1.73 0.21 1.94)
Results from the recent holes confirm that grades and widths of massive sulphides are increasing with depth.
Drilling is continuing with three drill rigs and massive sulphide sections selected for analysis from an additional completed 10 holes are currently being processed. Updated resource tonnage figures are expected to be available shortly.
Drill Hole No. FL01-96 is currently being drilled on Section 6160 West to intersect the West Zone 120 meters below Hole No. FL01-84.
Drill Hole No. FL01-95 is currently being drilled on Section 6800 West and is a 640 meter westerly stepout from Hole No. FL01-84.
On behalf of the Board of Directors
“Glen Macdonald”
Glen Macdonald, P.Geol.
Director |
