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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: russet who wrote (4522)	10/31/2001 6:17:06 PM
From: Al Collard	Read Replies (1) of 11802

russett, drilling news out on SRU-v: Starfield releases Ferguson Lake results Wed 31 Oct 2001 News Release Mr. Glen Macdonald reports Starfield Resources has released results for drill hole FL01-104. Importantly, nickel, copper, platinum and palladium grades in the West zone continue to increase at depth and a new high-grade zone has been discovered. Significantly, the new platinum-palladium horizon has been intersected in this hole, below the massive sulphide unit. This low-sulphide section assayed 9.90 grams per tonne palladium and 1.44 g/t platinum across 0.5 metre from 953.52 to 954.02 metres depth and indicates that other horizons of the newly discovered mineralization are present. Drill hole FL01-104 is located approximately 100 metres below hole FL01-91 (reported in Stockwatch Sept. 7, 2001) on Section 6300 west, and lies 500 metres east of drill hole FL01-101 which also contained a high-grade platinum-palladium horizon assaying 103.0 g/t palladium and 26.7 g/t platinum over 0.35 metre from 962.28 to 962.63 metres. Drill hole FL01-104 contains three significant mineralized sections as summarized in the accompanying table. Depth Length Cu Ni Co from-to (m) % % % 843.6-852.44 8.84 1.24 0.94 0.093 860.9-874.1 13.2 1.38 0.41 0.056 including 845.85-850.85 5.0 1.43 1.02 0.10 953.52-954.02 0.5 - - - Depth Length Pd Pt Pd+Pt from-to (m) g/t g/t g/t 843.6-852.44 8.84 2.27 0.30 2.57 860.9-874.1 13.2 1.40 0.25 1.65 including 845.85-850.85 5.0 2.56 0.30 2.86 953.52-954.02 0.5 9.90 1.44 11.34 Drill holes FL01-101 and 104 both contain high-grade platinum/palladium horizons and are the two deepest holes completed to date at Ferguson Lake. Detailed relogging of core totalling over 43,000 metres from other holes completed by Starfield at Ferguson Lake is continuing and sections similar in appearance to these newly identified platinum-palladium rich horizons are being submitted for analysis as they are discovered and sampled.

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