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

To: winston.s.c who wrote (1093)	10/25/2000 7:20:19 PM
From: John E.Quinn	Respond to of 1239

Starfield commences winter deep drilling Starfield Resources Inc SRU Shares issued 18,535,500 Oct 24 close $0.52 Wed 25 Oct 2000 News Release Mr. Glen Macdonald reports The Ferguson Lake nickel-copper-palladium-platinum-cobalt massive sulphide project has significantly expanded the property's resource potential. Recent drill results received by the company, compiled by independent consultant Dr. N.C. Carter, PhD, PEng, have increased the West zone resource by a further 3.5 million tonnes to 18 million tonnes, with the property's global resource base now exceeding 22 million tonnes. An additional 20 drill holes have penetrated the West zone extension and mineralized sections have been submitted for analysis. These recent step-out holes have traced the massive sulphides to Section 64 west and to a depth of over 500 metres. The zone has now been drill tested from Section Line 40 west to section 64 west, a total of 2.4 kilometres. This zone thickens substantially as it deepens and the possibility for large increased tonnage within this 2.4 kilometres is high. The company is currently continuing its drill program and expects to extend the West zone a further 1.2 kilometres along the defined electromagnetic geophysical anomaly, to Section 76 west and to test to a depth of 1,000 metres. This drill program is scheduled to be completed by the end of December, 2000. A private placement of 700,000 special warrants at 50 cents per special warrant to net $350,000 has been arranged by the company. These special warrants will include a warrant to purchase a further 700,000 shares at 52 cents per share for a period of one year. A finder's fee will be paid in accordance with Canadian Venture Exchange policy. (c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com