(PR NEWSWIRE)Starfield Resources Inc. - Positive 2003 UTEM results prompts land acquisition
Ferguson Lake Nickel-Copper-Cobalt-Platinum-Palladium Project, Nunavut,
Canada
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VANCOUVER, Jan. 22 /PRNewswire-FirstCall/ - Successful 2003 surface UTEM
geophysical survey results prompted the Company to stake an additional 15,495
acres of mineral claims contiguous to the southern boundary of its 12,331
acre, 100% owned Ferguson Lake nickel, copper, cobalt, platinum and palladium
project in Nunavut, Canada.
The Company has received from Syd Visser, P.Geo. of S.J. Geophysics Ltd.,
a summary report dated January 17, 2004 in letter form, outlining the results
and interpretation of geophysical UTEM-3 work carried out during the months of
October through December 2003 at Ferguson Lake. The conclusions were:
"- The 119 Extension conductor located in this survey must have a large
strike length.
- The 119 Extension conductor has a significant depth extent with a
depth to top located between a depth of 400 and 600 meters.
- The 119 Extension conductor has a very high conductivity thickness
product."
The Report also stated:
"Geophysical UTEM-3 surveys conducted during the 2000 and 2001
exploration field season by SJ Geophysics on Starfield Resources' Ferguson
Lake Cu-Ni-PGE project outlined the presence of a very strong (greater than
2000 siemens) conductor. The primary conductor which consisted of the West
Zone had a strike length in excess of 12 kilometers in an east-west
direction."
"Drilling performed in 2002 in the westernmost portion of the UTEM-3
survey grid area outlined the 119 Zone. The drilling and later
reinterpretation of the 2000-2001 UTEM data suggested that the UTEM-3 anomaly
known as the West Zone Extension had not been terminated. In fact, it was
following foliation and was heading in a southwesterly direction towards the
South Discovery Zone."
"To confirm this hypothesis, a UTEM-3 survey using the lower base
frequency of approximately 3.8Hz (with measuring time out to 129ms) was
recommended. In the fall of 2003, SJ Geophysics carried out a program of low
frequency UTEM-3 consisting of 48 line kilometers in the area between the 119
Zone and the South Discovery Zone. EM modeling carried out by SJ Geophysics,
using the accumulated data, indicates that the West Zone extension and the 119
Zone is the same known mineralized zone. It also suggests that the geophysical
signature seen in the West Zone and the 119 Zone carries on to the southwest
for at least another 3000 meters. This new zone is known as the 119 Extension.
The South Discovery Zone is interpreted as a distal mineralized zone. One lone
widely spaced (600m) line at the end of the survey area, suggests that the 119
Extension is open to the southwest and appears to turn even further south.
This survey also indicates that the small near surface anomalies located on
the South Discovery Zone is a separate zone and not part of the newly
discovered 119 Extension conductor."
The 2003 UTEM-3 target shows only "slight decay between channel 1 (the
latest measured time window centered at 96ms) and channel 2 (centered at 48ms)
indicates that in some of the data, the conductivity thickness product of the
conductor must be significant) greater than 2000 seimens."
The Company is pleased that the newly outlined 3 kilometer long UTEM
geophysical conductor is continuous to the existing 5 kilometer long West
Zone, West Zone Extension and 119 Zone where drilling has been completed over
3.2 kilometers. This drilling has successfully demonstrated that the
interpreted UTEM conductive target is coincident with massive sulphides
contained within the resource estimates made by N.C. Carter, Ph.D, P.Eng dated
April 8, 2003.
Of particular interest is the fact that, in his Summary Report, portions
of the new 2003 UTEM-3 conductive anomaly have geophysical signatures that
have similar, if not better, features than those in the West Zones and 119
Zone.
This news release has been reviewed for content by John Nicholson,
P.Geo., a qualified person as defined by NI43-101.
On Behalf of the Board of Directors,
"Glen J. Indra"
Glen J. Indra, President
This communication to shareholders and the public contains certain
forward-looking statements. Actual results may differ materially from those
indicated by such statements. All statements, other than statements of
historical fact, included herein, including, without limitations statements
regarding future production, are forward looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS RELEASE.
To view map "Fall 2003 UTEM Discovery" please go to the corporate website
www.starfieldres.com
SOURCE Starfield Resources Inc.
-0- 01/22/2004
/CONTACT: Tel: 604-608-0400, Fax: 604-608-0344, Toll Free: 877-233-2244,
Email: info@starfieldres.com, Website: starfieldres.com
(SRU. SRFDF)
CO: Starfield Resources Inc.
ST: British Columbia
IN: MNG OTC
SU: DSC RLE
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