Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stocks to Watch -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (149)	4/11/2001 5:57:22 PM
From: Al Collard	Read Replies (1) \| Respond to of 592

A Stock to Watch...SRU-v Starfield starts 2001 drill program at Ferguson Lake Starfield Resources Inc SRU Shares issued 18,535,500 Apr 10 close $0.60 Wed 11 Apr 2001 News Release Mr. Glen Indra reports Field crews are now at Ferguson Lake and the camp has been opened to start the year 2001 program. The company has planned a major drilling program for 2001, with an initial 20,000 metres to further develop tonnage in the West zone and simultaneously test the unexplored lower portion of the UTEM geophysical conductor. Higher grades of nickel, copper and platinum group elements were encountered as the drill program in 2000 tested deeper parts of the conductor. Significantly, the deepest holes to date have only intersected upper parts of the target. Borehole UTEM geophysical tests indicate that the lower region of the conductor has a higher conductivity quotient, which correlates well with higher grades encountered in season closing drill holes FL00-65, FL00-66 and FL00-67. Drill hole FL01-68 is scheduled to commence April 14, 2001, and will test for mineralization 100 metres on strike to the east and at the same depth as FL00-67. Drilling to date has tested approximately 20 per cent of the known West zone conductor identified by Starfield. Starfield has also arranged a private placement of up to 2.25 million units at 50 cents per unit. Each unit will consist of a common share and one full purchase warrant of the corporation. The purchase warrant will be exercisable into a further common share of the corporation within two years of closing of the private placement upon payment of a further 60 cents to the corporation. The corporation will pay a finder's fee on a part of the placement commensurate with Canadian Venture Exchange policies. Additionally a portion of the placement will be for flow-through shares. The $1,125,000 raised will be used for exploration at the company's Ferguson Lake platinum-palladium-nickel-copper-cobalt project in Nunavut