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Gold/Mining/Energy : SRU-ASE : STARFIELD RESOURCES
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To: Tom Cat who wrote (327)5/24/1999 11:41:00 PM
From: CIMA  Read Replies (1) of 1239
 
This from Chimpleton on Raging Bull:

I would like to respond to Tom Cat's post 327 on SI.

In 1953 when Inco was working on the property they may have sampled for PGEs. We do not know for sure because they only reported a % of precious metals and did not specifically identify which ones (in 1953 I don't believe there was much interest in palladium).

After the work program Inco took the property to full mining lease and kept it in inventory for over 40 years.

When Inco lost the property, anybody associated with the project was no longer with the company (this is the same situation that allowed Falconbridge to stake over 50% of Inco's Sudbury property).

In 1987 with Inco's permission Homestake sampled the property for PGE's. After they had completed the work program, they proposed a $900,000 joint venture. Inco turned the proposal down.

Starfield is the first company to drill the property since 1953.

I hope this may have answered some of your questions.

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