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

To: Elizabeth Andrews who wrote (781)	2/22/2000 9:08:00 AM
From: chick in NC	Respond to of 1239

Thanks, Elizabeth. I imagine they'll be aiming for higher values in the spring drilling. But you've provided some good parameters for discussion. Thanks again, Chick in NC

To: Elizabeth Andrews who wrote (781)	2/22/2000 9:22:00 AM
From: CIMA	Read Replies (1) \| Respond to of 1239

What do you calculate this to be worth? Hole FL99-05 (East Zone) ------------------------ Assay Geochem(F/A) --------------------------------- Interval Length Cu(%) Ni(%) Co(%) Pd Pt Pd+Pt (metres) (m) (g/t) (g/t) (g/t) -------- ------ ----- ----- ----- ----- ----- ----- 117.48-128.57 11.09 0.89 0.87 0.11 1.46 0.53 1.99 (including 120.75-125.130) 4.38 0.87 1.05 0.14 1.84 0.72 2.56 Hole FL99-09 (West Zone) Assay Geochem(F/A) --------------------------------- Interval Length Cu(%) Ni(%) Co(%) Pd Pt Pd+Pt (metres) (m) (g/t) (g/t) (g/t) -------- ------ ----- ----- ----- ----- ----- ----- 104.60-111.18 6.58 0.50 0.66 0.09 1.51 0.20 1.71 122.89-138.33 15.44 0.88 0.78 0.10 1.72 0.10 1.82 Hole FL99-17 (West Zone) Assay Geochem(F/A) --------------------------------- Interval Length Cu(%) Ni(%) Co(%) Pd Pt Pd+Pt (metres) (m) (g/t) (g/t) (g/t) -------- ------ ----- ----- ----- ----- ----- ----- 185.00-205.08 20.08 1.00 0.83 0.11 1.81 0.22 2.03 (including 185.00-201.39) 16.39 1.21 0.98 0.14 2.13 0.25 2.38 These assay results for Copper and Nickel correlate well with nearby results obtained by Inco during the 1950's. The Palladium, Platinum and Cobalt were not previously reported by Inco.

To: Elizabeth Andrews who wrote (781)	2/24/2000 10:21:00 PM
From: jamesandrews	Read Replies (1) \| Respond to of 1239

Elizabeth, I don't know much about mining, but your suggestion that $230/ton would be needed to have a mine in this company's environment would seem a little extreme. I am just mentally converting that dollar figure to gold values and I do not know of many gold mines that are required to have over half an ounce of gold to the ton to be economical. If I read it correctly, the engineers feel that with 50 million tons of reserves, mining costs could be reduced to as low as $50/ton which seems to be supported by the geofin report that was done by an independent. This company was drilling this property when the cores were demonstrating $130/ton values and everybody involved with the property felt it was economical then. Where is the company wrong? I am an employee holding 200,000 plus, and I believe this company should be aggressively accumulated now!!! Regards, Jim Andrews