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Gold/Mining/Energy : SRU-ASE : STARFIELD RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: Tim Davies who wrote (667)	10/4/1999 11:28:00 PM
From: CIMA	Respond to of 1239

By: MAGIC Reply To: 1143 by joelgoldman Monday, 4 Oct 1999 at 1:54 AM EDT Post # of 1147 I was at the Calgary Investment Conference today and spoke with Bob Krause and Glen Indra at length. They intend on improving the understanding of the geological aspects of Ferguson Lake with the investing public. This thing is 18 kilometres long now, huge inferred tonnage (bigger than Voisey Bay but lower grade so far). There are eleven more holes to report on in the coming weeks (maybe something this week). Nick Carter is preparing a major report incorporating all of the INCO data for around the end of October. A big winter program is in the works. It is significant because the source, and potentially higher grade mineralization, is likely under the lake where they haven't been able to drill so far. At the end of phase two they should have a 12M ton reserve and they hope to double that or more by the end of the winter drilling program. At that point majors should be knocking on the door IMO. (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)

To: Tim Davies who wrote (667)	10/8/1999 4:20:00 PM
From: CIMA	Read Replies (1) \| Respond to of 1239

While at the investment conference I picked up a report written by M & H Geolink for Starfield entitled "Lithological and structural setting of the Ferguson Lake Cu-Ni-PGE property." I finally read it last night. The "conclusion" is worth repeating IMO: From a prospective perspective the main mineralization in the Ferguson Lake property appears to be restricted to the obvious gossan zone.The multiple episodes of deformation and especially the Archean thrusting have transported the ultramafic body from its root zone. Metamorphic and tectonic overprinting have annealed many of the Archean kinematic indicators and the only indication of the thrusting i.e. the North dip of the axial planes of the reclined folds which argues for a root zone to the North relies on the hornblendite/amphibolite/paragneiss package being right side up to be correct. On a property scale the doubly plunging or canoe shape syncline that hosts the mineralization makes the keel of this syncline the richest target and should theoretically be located under the lake and in the area North and between the two islands. Within the lower plate the felsic tuffs are associated with numerous small gossans. This association and the presence of iron formation might be indicative of a favorable environment for gold mineralization. I read this as saying the winter drill program will find the higher grades under the lake. 18 kilometers long, still open at strike and depth. Looking forward to higher grades in the next phase and the increase of proven tonnage to 25M tons. If this is 100M tons or greater, which it looks like it is (maybe much more), even at low grades this is immensely economical IMO.