SRU-ASE : STARFIELD RESOURCES Message Board

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

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To: CIMA who wrote (309)	5/22/1999 7:31:00 AM
From: Dan P	Read Replies (2) of 1239

Here is a news release on the recent electromagnetic and geophysical surveys. Cheers Dan Starfield survey results from Ferguson Lake Starfield Resources Inc SRU Shares issued 8,100,000 May 20 close $1.18 Fri 21 May 99 News Release Mr. Glen Macdonald reports UTEM electromagnetic and magnetometer geophysical surveys are continuing at Starfield's Nunavut Territory Ferguson Lake property. This survey coverage has traced the main zone for more than seven kilometres, extending out from the known deposit explored in the 1950s by Inca. A resource was estimated at that time to contain 6.4 million tons grading 0.87 per cent Cu and 0.75 per cent Ni within a strike length of 730 metres. Widely spaced stepout holes by Inca (including hole 9483 which intersected 23.9 metres grading 1.26 per cent Ni and 1.08 Cu) partially traced the zone now being more precisely defined. Preliminary results from the new geophysical surveys indicate that zones of very high conductivities are present, coincident with strongly anomalous magnetic responses. The survey has also detected new, parallel anomalies. Drilling is currently under way to determine the significance of the conductors.

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