Platinum Group Metals (PGMs) Message Board

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Gold/Mining/Energy : Platinum Group Metals (PGMs)

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To: winston.s.c who wrote (472)	10/4/2001 6:29:24 AM
From: Thomas Kundrat	Read Replies (1) of 529

Starfield Resources Inc. - Ferguson Lake Drilling Discovers New High Grade Palladium '103 g/t-3.29 oz/t' Platinum '26.7 g/t-0.85 oz/t' HorizonFerguson Lake Nickel-Copper-Cobalt-Platinum-Palladium Project, Nunavut, Canada VANCOUVER, B.C., Oct 4, 2001 (BUSINESS WIRE) -- Starfield (OTC: SRFDF chart, msgs)(CDNX:SRU.) 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 -------------------------------- 962.28 962.63 0.35 -------------------------------- (table continued) ------------------------------------------------------ Pd g/t (oz/t) Pt g/t (oz/t) Cu % Ni % Co% ------------------------------------------------------ 103 (3.29) 26.7 (0.85) - - - ------------------------------------------------------ Follow-up analytical work is currently underway to further evaluate the new discovery. On behalf of the Board of Directors Glen Macdonald, P.Geol., Director The CDNX neither approves nor disapproves of the information contained herein. Contact: Starfield Resources Inc. Glen J. Indra Tel: 604/608-0400 Fax: 604/608-0344 Toll Free: 877/233-2244 Email: info@starfieldres.com Website: starfieldres.com

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