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Gold/Mining/Energy : Platinum Group Metals (PGMs) -- Ignore unavailable to you. Want to Upgrade?


To: Ptaskmaster who wrote (153)9/24/1999 12:39:00 PM
From: geoffreycs  Read Replies (1) | Respond to of 529
 
EXPLORATION ON THE PEDRA BRANCA PROJECT
COMMENCES

Altoro Gold Corp. (VSE - ATG) is pleased to announce that phase one of the
exploration program has commenced at its Pedra Branca platinum - palladium
project, located 250 kilometers southwest of the port city of Fortaleza, Brazil. The
known platinum - palladium mineralization (PGM) occurs at surface over a strike
length of 40 kilometers and is associated with chromitite layers and with
disseminated sulphide zones within the ultramafic rocks of the Pedra Branca
Complex.

The program will focus on two zones within the Pedra Branca project: 1) the Trapia
1 West Zone, where previous channel sampling within trenches returned the
following results and have yet to be drill tested (1.1 g/t PGM over 116.9 meters, 1.0
g/t PGM over 30.4 meters, 1.1 g/t PGM over 97.1 meters and 2.1 g/t PGM over
83.9 meters); 2) the newly acquired Esbarro Zone, (see news release August 23,
1999) where previous drilling intersected a shallow dipping, high grade PGM zone
enclosed in a lower grade PGM envelope (see attached cross-section).

Phase one of the exploration program includes trenching and channel sampling of
known PGM bearing chromitite and serpentinite outcrops; ground magnetic surveys
to define the extent of mineralized serpentinites which have a distinct magnetic
signature; and the continuation of reconnaissance mapping of the prospective
horizons around the Pedra Branca ultramafic complex. This first phase of the
exploration is scheduled to be completed by late October and will be followed by a
minimum 2000 meter diamond drill program. The drill program will be designed to
confirm shallow PGM resources already defined and to test for strike and dip
extensions within the Trapia 1 West and Esbarro mineralized bodies. It is
anticipated that additional drill targets will be identified in the coming months.

The global demand for platinum and palladium group metals continues to rise. The
demand for palladium has risen over 27% since 1996 and unknowns surround the
continued reliability of production lines from Russia, currently the source of 69% of
the world's palladium. The platinum : palladium ratio at the Pedra Branca project is
approximately 1 : 3.

Altoro has secured control over the majority of the prospective zone including all
known chromitite and PGM outcrops surrounding the ultramafic complex. The
Company expects that the surface exposures and shallow nature of the PGM
mineralization will allow for inexpensive and effective exploration that will provide
rapid results.

On Behalf of the Board

David O?Connor, President - Phone: (011-591) 277-0958
Steve Swatton - Phone: (604) 718-9079

THE VANCO



To: Ptaskmaster who wrote (153)9/28/1999 12:38:00 PM
From: CIMA  Respond to of 529
 
STARFIELD RESOURCES INC.
PRESS RELEASE September 28, 1999
Corporate Office: #99-15
Suite 420-625 Howe Street SRU-ASE
Vancouver, BC CANADA V6C 2T6
Tel: (604) 608-0400 Fax: (604) 608-0344
Toll Free: (877) 233-2244 email: info@starfieldres.com website: starfieldres.com

25 Meters of Massive Sulfide in Hole 99- 10

Assay results from the first 3 of 14 drills holes from Starfield's Ferguson Lake project have demonstrated the continuation of mineralization down-dip of the deepest mineralization encountered during Inco's 1950's era drilling. Drill intersections also demonstrate the presence of significant Cobalt and Platinum group elements within the previously recognized Nickel and Copper mineralization

The three subject holes, drilled on the same section (45W), indicate a continuation of the moderately north-dipping mineralized zone some 140 meters (460 feet) down-dip of previous drilling.

Significant Results

Drill Length Cu Ni Co Pd Pt
Hole Interval (m) % % % g/t g/t

FL 99-09 104.60-111.18 6.58 0.56 0.51 0.08 1.08 0.08
(including 104.60-107.00 2.40 0.82 0.63 0.09 1.39 0.10)
(and 108.82-111.18 2.36 0.54 0.63 0.10 1.56 0.12)

122.89-138.33 15.44 0.97 0.64 0.10 1.28 0.07
(including 123.95-130.60 6.65 1.12 0.72 0.11 1.56 0.12)

FL99-10 110.50-136.43 25.93 1.35 0.50 0.07 1.08 0.12
(including 114.50-118.10 3.60 1.60 0.48 0.08 1.22 0.16)
(and 121.60-125.00 3.40 3.62 0.42 0.06 1.10 0.09)
(and 127.12-129.40 2.28 1.35 0.72 0.11 1.34 0.17)

FL99-11 145.50-149.60 4.10 0.50 0.18 0.03 0.43 0.01
(including 146.00-148.50 2.50 0.59 0.25 0.04 0.62 0.02)
(148.50-160.50 Diabase/gabbro instrusion)
160.50-162.30 1.80 0.31 0.59 0.09 0.92 0.08


Mineralized sections intersected in the other 11 drill holes are currently being assayed and results will be announced as they are received by the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

“Glen Macdonald”

Glen Macdonald, P.Geol.
Director