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

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To: Elizabeth Andrews who wrote (1147)10/3/2001 8:19:49 PM
From: winston.s.c  Read Replies (1) of 1239
 
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Posted By Subject Post Time (EST) Post ID

Eckardt (ID#: 42970) Release 10/3/01 17:45 4194551
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Wednesday, October 3, 2001

Ferguson Lake Drilling Discovers New High Grade Palladium (103 g/t-3.29 oz/t) Platinum (26.7 g/t-0.85 oz/t) Horizon

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Starfield has received results for a deep, stepout exploration drill hole recently completed at the Ferguson Lake nickel-copper-cobalt-PGE project. Drill hole FL01-101, located on Section 6800 West, was sited 200 meters west of drill hole FL01-89 (reported 7th September 2001) and intersected the West Zone massive sulphide target approximately 200 meters lower than in hole FL01-89. A separate low-sulphide section with high-grade palladium-platinum content was intersected in FL01-101 above the massive sulphide zone.

Significantly, this new zone is interpreted as a separate horizon within the overall gabbroic host sill. It may represent a distinct mineralizing event caused by primary differentiation during cooling of the original sill similar to depositional styles seen at Merensky Reef in Southern Africa. The intersection in FL01-101 from 962.28 to 962.63 meters (0.35 meters) returned assays of 26.71 g/t platinum (0.85 oz/ton) and 103 g/t palladium (3.29 oz/ton). Results for zones intersected in hole FL01-101 are summarized below:

Drill Hole FL01-101

Meters

From
To
Thickness
Pd g/t (oz/t)
Pt g/t (oz/t)
Cu %
Ni %
Co %

962.28
962.63
0.35
103 (3.29)
26.7 (0.85)
-
-
-

On behalf of the Board of Directors

“Glen Macdonald”

Glen Macdonald, P.Geol., Director

The CDNX neither approves nor disapproves of the information contained herein.

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