Jennings Capital Inc. Increases Starfield Resources Inc. 12 Month Price Target to $2.00
Vancouver, BC, APR 04, 2002 (EventX/Knobias.com via COMTEX) -- Jennings Capital Inc.
Mines and Mineral Research
Sector: Exploration
Daryl J. Hodges, MSc Tel: (416) 214-0600
daryl.hodges@jenningscapital.com
Assistant: Ahmed Datardina Tel: (416) 214-0600
ahmed.datardina@jenningscapital.com
April 2, 2002
STARFIELD Resources Inc.
(SRU-CDNX SRFDF OTC BB)
Complete Article at:
starfieldres.com
Speculative BUY
12 Month Target: $2.00
Starfield back at it in Nunavut. Drilling will follow up on spectacular
PGM’s and continue testing the enormous massive sulphide complex for the
‘sweet spot’. This could get exciting.
- STARFIELD has its drill rigs turning again on its 100% - owned Ferguson Lake
project in Nunavut:
o The Company has raised an additional $1,800,000 to commence the program.
o More funds are needed to adequately test this very interesting magmatic
copper - nickel - cobalt massive sulphide + platinum - palladium - rhodium
telluride system.
- Phase one will focus on drilling wedge holes from hole FL01-101 and FL01-104
to determine continuity of the PGM zones intersected last October (see assays
below).
- Here is our view:
o Ferguson Lake copper - nickel - cobalt - platinum - palladium deposit in
Nunavut is one of the largest sulphide bodies currently being explored; under
one third is tested.
o Results suggest a higher-grade source should lie to the west of recent
drilling.
o The high-grade palladium - platinum - tellurium zones are not in the main
sulphide complex; they occur above and below, in the ‘country rock’
and appear to have a late stage hydrothermal association. Only Norilsk has
similar high-grade Pd-Pt tellurides.
- The upside remains discovery of high-grade magmatic copper - nickel - cobalt -
PGMs and/or expansion of the very rich platinum - palladium mineralization;
substantial drilling is required
KNOBIAS DISCLAIMER: Knobias has no material connection with any Company
mentioned in this story. All statements made in this story were made by the
Company and do not in any way reflect the opinions of Knobias. Knobias is not a
registered broker-dealer, nor investment advisor, and does not endorse or
recommend any securities mentioned. This story is provided for informational
purposes only and is not intended for trading purposes. Knobias shall not be
liable for any actions taken in reliance of any information provided herein.
Republication or redistribution of Knobias content is expressly prohibited
without prior written consent of Knobias.com, LLC.
ABOUT KNOBIAS: Knobias is the first and largest information repository of
Outside Market intelligence and covers thousands of publicly traded small &
microcap companies. Knobias consolidates, analyzes and markets fundamental
research data while providing real-time market monitoring and surveillance. The
EventX newswire (pronounced E-Vin-Tex) is a unique newswire service dedicated
solely to Outside Market companies.
If your company wishes to participate in the EventX newswire, please contact
Knobias: knobias.com
CONTACT: Knobias.com, LLC
601-978-3399
601-978-3675
info@knobias.com
www.knobias.com
Copyright 2001 Knobias.com, LLC, All rights reserved. |
