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Gold/Mining/Energy : 1999 DRILL PROGRAMS ! -- Ignore unavailable to you. Want to Upgrade?

To: MINEFINDER who wrote (54)	9/27/1999 1:00:00 AM
From: bully	Read Replies (2) \| Respond to of 66

Starfire Geikie drilling results; options granted Starfire Minerals Inc SFR-VSE Shares issued 5,547,803 Sep 23 close $0.30 Fri 24 Sept 99 News Release Mr. Michael Caron reports Initial diamond drilling of geophysical anomalies on the Starfire Minerals lnc.'s Geikie property, 40 kilometres south of Timmins, Ont., has intersected previously unrecognized intermediate and felsic volcanic rocks with copper and zinc assays indicative of volcanogenic massive sulphide mineralization. Three diamond drill holes all bearing east and dipping at -45 degrees have tested the continuous horizon over a strike length of 600 metres. Results are as follows: G-1-99 L5+00N 3+50W 96.1 metres to 120.4 metres: Low grade zinc and copper values are associated with several thin zones of semi-massive pyrite with trace chalcopyrite in silicified and hemattic altered intermediate volcanic flows. Assay values range from 47 parts per million Zn, 17 ppm Cu to 1,600 ppm Zn, 560 ppm Cu averaging (weighted) 706 ppm Zn and 238 ppm Cu over 17.7 metres. A slight Pb anomaly is coincident with the intersection as well. G-2-99 L8+00N 3+40W 46.5 to 57.2 metres: Low copper and zinc values are associated with distinctive felsic volcanic flows. G-3-99 L2+00N 4+00W 89.2 to 102.5 metres: Localized mineralization consisting of both disseminated and semi-massive pyrite with focal knots and chalcopyrke are associated with felsic flows. Distinct Pb anomaly is associated with the most intense mineralization. Assay values range from 24 ppm Cu, 87 ppm Zn to 672 ppm Cu and 2,800 ppm Zn and average (weighted) 108 ppm Cu and 443 ppm Zn over 19 metres. Although the base metal tenor of the mineralization encountered is generally low, the widths and style of mineralization and alteration observed and the fact that the felsic package is unexplored are incentive for further exploration. Starfire Minerals Inc. plans to drill two more follow-up holes to test more of the 1,200-metre-long conductor. As well, other unexplored, parallel, geophysical conductors (VLF) in the southern portion of the property warrant drill testing. I think the Majors are going to be looking at this one! The company wishes to announce that it has granted to a director options to purchase 130,000 shares of the company at a price of 28 cents per share for a period of two years, The granting of the options is subject to Vancouver Stock Exchange approval. starfireminerals,com

To: MINEFINDER who wrote (54)	9/29/1999 11:08:00 AM
From: bully	Read Replies (2) \| Respond to of 66

Starfire Minerals Inc - Starfire Minerals enters option agreement with Douglas Lalonde Starfire Minerals Inc SFR-VSE Shares issued 5,547,803 1999-09-22 close $0.24 Thursday Sep 23 1999 Mr. Michael Caron reports The company has entered into an option agreement with Douglas J. Lalonde on his 84-claim unit Munro property in Munro township approximately 48 kilometres northwest of Kirkland Lake, Ont. The current geophysical data on the property indicate the potential for both gold and VMS base metal mineralization. Geological highlights of the property include, most importantly, the projection of the gold mineralization associated Pipestone fault zone through the southern reaches of the ground and proximity to known economic mineralization. The property is only 1.75 kilometres northeast of the historic Croesus gold mine. Ontario's highest grade gold producer (2.79 ounces per ton average), and ties on directly to the currently explored Millstream Mines Inc. Potter mine property (485,000 tons at 1.6 per cent copper and 1.6 per cent zinc) to the north. Historic and recent work has identified eight zones of gold mineralization thus far. Most intriguing is the C-zone discovered in 1998 by stripping. A shallow dipping vein showing VG, pyrite, arsenopyrite, and tourmaline (grab samples) returned an assay of 13.7 ounces per ton Au. The mineralization is associated with a complex vein system within a carbonate-altered shear zone in mafic meta-volcanics. Coincident induced polarization anomalies, both resistivity and chargeability highs, indicate a probable north/south structure in the vicinity of the zone. To this point this theory remains untested. Other zones of interest include the A-zone, which has returned assay results up to 1.3 ounces per ton Au with no followup, the D-zone with arsenopyrite and anomalous gold over 36 feet of intensely carbonated and fuchsitic alteration, the F-zone with assays returned including .3 of an ounce per ton Au, .47 of an ounce per ton Au (chip sample), and .24 of an ounce per ton Au along with a coincident chargeability anomaly, and the G-zone with visible gold, arsenopyrite, pyrite, tourmaline, and assays returned up to .3 of an ounce per ton Au. Starfire plans an aggressive and comprehensive exploration program of limited geophysics, stripping, geological mapping, and diamond drilling to test the north/south and flat vein trends evident from compiled work. Management is confident that the numerous zones can be reconciled into an overall structural scenario with excellent results. Consideration for the option is the payment of a total of $210,000 over four years plus the issuance of 200,000 shares over a period of two years. The purchase and sale of the property is subject to a 3-per-cent net smelter return royalty in favour of the optionor. The company may purchase a 1-per-cent net smelter return royalty from the optionor in consideration for a cash payment of $1-million. The options agreement is subject to regulatory body approval. starfireminerals.com