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


To: John E.Quinn who wrote (1205)11/5/2001 11:23:35 PM
From: CIMA  Respond to of 1239
 
This from Raging Bull:

Interesting post from Stockhouse:

stockhouse.com.

marwong (ID#: 16483) RE: drill program 11/5/01 19:28 4325669
« Previous Message Next Message »

I was told by IR that there most likely will be a drill program starting this Novermber to test for what may be a "feeder" pipe below hole 101 ( where they found 130g PGMs ). Geologists on site believe it to be the source of the metals and if they hit we are in going to the moon fast. I was aslo told that more assays of the "black" host rock were found in many cores and assays are on their way. Tonnage update for base metals should be out this week before AGM. With the way the stock has been trading I would have to concur with James that it looks like we are under heavy accumulation.

(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Hold)



To: John E.Quinn who wrote (1205)11/6/2001 6:51:13 PM
From: CIMA  Respond to of 1239
 
More from Raging Bull:

Starfield Resources Inc.
(SRU-CDNX, SRFDF-OTCBB)

A newly discovered high-grade platinum group metal zone may be the clincher that turns Starfield’s Ferguson Lake project into a winner.

The company has spent the past two years systematically extending the size of a nickel-copper-cobalt-PGM deposit that was discovered half a century ago. Even as the base metal deposit was coming close to being a major-company-sized deposit, Starfield’s geologists found a parallel zone that produced some exceptionally high PGM values.

The Ferguson Lake deposit was a originally discovered in 1950 by Inco, the world's largest nickel producer. Over the following five years, Inco carried out an extensive exploration program that resulted in the delineation of a 6.4 million tonne deposit.

Inco’s attention was then diverted by the discovery of the Thompson district, 700 kilometers to the south in Manitoba. That district has been an important part of Inco’s production for the past four decades.

The Ferguson Lake area was staked by a prospecting syndicate in 1997, which then vended the project to Starfield in 1999. Starfield carried out a geophysical survey which indicated that the area drilled by Inco represented only a small portion of the potential mineralized zone.

The company proved the validity of its geophysical model with 15 drill holes in 2000. Having demonstrated the presence of a much larger mineralized zone than previously believed, the company raised enough money to carry out an extensive drilling program this year.

A preliminary calculation completed on the basis of the drill results through July defined an indicated resource of 51.7 million tonnes grading 0.92% copper, 0.58% nickel, 0.1% cobalt and 1.44 grams per tonne palladium and platinum. By comparison, Inco’s Thompson district has total proven and probable reserves of 42 million tonnes grading 2.26% nickel and 0.14% copper.

The presence of the cobalt and the platinum group metals in Starfield’s deposit produces a contained metal value almost as high as the major company’s deposit. However, the Starfield deposit, being somewhat more remote, needs some combination of higher grade and/or larger tonnage to justify the development of a new mine.

First, it is important to point out that the Ferguson Lake deposit is not nearly as remote as it is sometimes reputed to be. The deposit is located just 250 miles north of the Manitoba border. Access is currently by air from either of two nearby communities, both of which have regular scheduled airline service. A plan by the federal government to extend a road from northern Manitoba to those communities (Baker Lake and Rankin Inlet) would bring an all weather road right past the Ferguson Lake deposit.

Early in my career, while working for mining giant Cominco, I worked on the feasibility study for a base metal project known as Polaris. There was a great deal of skepticism that a project located only 70 kilometers from the magnetic north pole could ever be developed. That project was indeed developed, and generated a substantial portion of Cominco’s income over the 20 year life of the mine. Polaris is much more remote than Ferguson Lake.

The driving force behind the Polaris project was an innovative mining engineer named Hank Geigrich, who is now a director of Starfield. After developing Polaris, Hank went on to become the vice-president in charge of all of Cominco’s northern operations, and then president of subsidiary Cominco American Inc. In that position, he directed the development of the Red Dog mine in northern Alaska, which is now the world's largest zinc mine. (Red Dog is further north than Ferguson Lake.)

Hank’s involvement as a director of Starfield brings an enormous amount of mining talent as well as an important stamp of approval for the Ferguson Lake project. Hank is part of a well qualified management team, with considerable strength in finance and exploration.

Building the additional tons in the Ferguson Lake deposit to carry the project over the major company threshold should not be difficult. Drilling has so far tested only 1,500 meters of a zone that has been defined by geophysics for more than four kilometers and remains open beyond that. In fact, some of the highest grades have come from near the limit of the deposit as currently defined.

Drilling has demonstrated that geophysics is a reliable tool in this setting. Further drilling is intended to continue to extend the deposit along the well-defined geophysical trend.

Starfield geologists received a pleasant surprise in October when assays from a zone 15 meters above the base metals zone returned 130 grams per tonne of palladium plus platinum (4.1 ounces per ton!) over 0.35 meters. For comparison, most of the world's platinum comes from the Bushveld Complex in South Africa, where the mines average about 5 grams per tonne averaged over a typical 1.2 meter mining width.

The exceptionally high grades encountered at Ferguson Lake are hosted in a very subtle zone with no visible evidence of the presence of metals. Once the assays arrived, the geologists began a systematic review of the drill core from other holes.

A zone believed to be the same zone has been identified so far in several other holes. The core from those holes is now being split and sent for assay. Over the winter, the company intends to re-examine all of the core available on the project. That is a huge task, as there is about 40,000 meters of core from the project. The objective is to trace the zone already discovered, and also to look for other prospective zones. If the high-grade PGM zone can be confirmed in other holes, it would add considerable value to the project.

Starfield’s share price fell considerably from the C$0.83 high of last January. As the palladium price fell earlier this year, a lot of Starfield shares were sold by investors that were originally attracted by the palladium potential of the Ferguson Lake project. The price spiked on news of the high-grade PGM horizon, but softened when the next hole hit a value of “only” 11.3 grams per tonne in the PGM horizon. The base metal values in that hole demonstrate that the grades continue to increase at depth.

At the current share price, Starfield looks very attractive. It is only a matter of time until the base metal deposit is extended enough to make it irresistible to a major mining company. In the short term, further high-grade PGM values from the newly discovered zone could have a big impact on the share price.

It is worth getting a stake in this company in anticipation of further assay results, which will continue to flow throughout the winter. The price might dip slightly if the next set of assays fall short of market expectations. Treat a dip as a buying opportunity to build a longer term position.

Price November 2: C$0.48
Shares outstanding: 34.8 million

Fully diluted: 38.5 million
Market Cap: C$16.7 million

Contact: Glen Indra, president, 604-608-0400



To: John E.Quinn who wrote (1205)12/14/2001 11:07:23 AM
From: CIMA  Respond to of 1239
 
2002 DRILL PROGRAM TO COMMENCE IN JANUARY

HIGH-GRADE PLATINUM-PALLADIUM HORIZON EXPANDED




The Company is pleased to summarize the successful exploration programs conducted during 2001 at the 100% owned Ferguson Lake Nickel, Copper, Palladium, Platinum and Cobalt deposit located in Canada’s Nunavut Territory.



In the course of defining the West Zone resource, the company has discovered platinum-palladium horizons adjacent to the massive sulphides. One new zone appears to extend for 2.4 kilometers and remains open both along strike to the west and to depth.



This exciting new continuous horizon was intersected in Hole 99-10 on Section 4520 West grades 2.27 g/t/ Pd and .098 g/t/ Pt over a width of 1.37 metres. The grade of this horizon increases to 9.90 g/t/ Pd and 1.44 g/t Pt over 0.5 metres where detected in Hole FL01-104 approximately 1.8 kilometres further west. The trend to higher grades in a westerly direction is further demonstrated 600 metres west of Hole FL01-104 where Drill Hole FL01-101 (the furthest westerly drill hole) graded 103 g/t Pd (3.29 oz/t) and 26.7 g/t (.85 oz/t) Pt over 0.35 metres.



This westerly increase in grade coupled with new interpretive techniques for geophysical magnetic survey data indicates that the Company’s primary targets lie further west of Hole FL-101.



Since acquisition, the Company has spent in excess of $14 million on exploration, including over 43,000 metres of drilling in 104 holes and, as a result, has increased the Ferguson Lake prospect from 6 million tonnes to in excess of 60 million tonnes. Ninety percent of this 60 million tonnes is located in the West Zone. This zone as defined by the UTEM geophysical system has been less than 25% explored and still remains open to depth and along strike.



The 2001 drilling program successfully increased the massive sulphide tonnage from 32.8 million tonnes to 60.1 million tonnes and, as the Company drilled progressively to the west, the grades of the massive sulphides increased to a level where a new grade category of 2.0% -- plus combined Ni Cu cutoff was calculated. This higher-grade resource is presently estimated at 12.7 million tonnes and the Company is confident of significantly increasing this 2.0% cutoff category by infill drilling on sections 60+60W and 63+60W.



The combined inferred mineral resource is summarized below:



Combined West Zone, East Zones I & II

Inferred Mineral Resource



Cutoff Grade
Tonnes

(millions)
Copper (%)
Nickel (%)
Pd (g/t)


Pt (g/t)

1.0% Cu+Ni
60.1
0.93
0.59
1.32
0.19

1.5% Cu+Ni
30.6
1.17
0.77
1.69
0.25

2.0% Cu+Ni
12.7
1.39
0.85
1.92
0.28




The Company’s independent consultant, N.C. Carter, Ph.D., P.Eng., has prepared the new estimates pursuant to CIM “Standards on Mineral Resources and Reserves” designed by the CIM Standing Committee on Reserve Definitions, adopted by CIM Council on August 20, 2000 and published in the CIM Bulletin of October, 2000. Dr. Carter calculated the new resource estimates manually for individual drill hole cross-sections employing the following parameters: Cut-off Grades – 1.0%, 1.5% and 2.0% combined Cu + Ni. Minimum Drill Intersection – 2.00 meters. Area of Influence for Individual Drill Holes (down-dip) – midway point between drill holes. Area of Influence for Individual Cross-Sections – midway point between sections. Assumed Specific Gravity – 3.80. A total of 150 drill hole intersections of massive sulphide mineralization were utilized in the resource calculations. Intervals between holes range from 120 meters on initial stepouts to approximately 40 meters for in-fill drill holes. Some of the 1950’s drill results reported only “PGE” instead of separate assays for Pd and Pt. As a result the palladium and platinum values are calculated from a property-wide ratio of palladium to platinum of 7:1.



The Company plans to commence the 2002 drill program in mid-January 2002 to develop the high-grade platinum/palladium horizons and expand the 60 million tonne resource.



On behalf of the Board of Directors



“Glen Macdonald”



Glen Macdonald, P.Geol.

Director



To: John E.Quinn who wrote (1205)1/23/2002 4:31:29 PM
From: CIMA  Respond to of 1239
 
*Jim Ryan is independent analyst and published author on "Platinum & Palladium" who is quoted by such newspapers as the Wall Street Journal. The radio interview can be heard at www.starfieldres.com on the front page at starfieldres.com

Starfield Resources
www.starfieldres.com

VANCOUVER: GATEWAY TO DISCOVERIES
CORDILLERAN EXPLORATION ROUNDUP 2002

FAIRMONT HOTEL VANCOUVER & FOUR SEASONS HOTEL
VANCOUVER, BRITISH COLUMBIA, CANADA

JANUARY 21-28, 2002

VISIT OUR BOOTH NO. 39 JANUARY 24TH AND 25TH AND

SEE OUR CORE SAMPLES AT THE CORE SHACK THURSDAY, JANUARY 24TH

OUR CONSULTING GEOLOGIST
NICK C. CARTER, Ph.D., P.Eng.
WILL BE GIVING A PRESENTATION ON STARFIELD
ON THURSDAY, JANUARY 24TH FROM 3:35-3:50 P.M.

ON THE DISCOVERY FLOOR



To: John E.Quinn who wrote (1205)2/3/2002 6:03:55 PM
From: CIMA  Respond to of 1239
 
Here's a summary of the Ryan interview from Stockhouse:

Starfield Resources Inc Forum SRU Company Snapshot Quick Quote: N/A (N/A)


SUBJECT: Ryan Summary Posted By: graupelca
Post Time: 2/3/02 10:09
« Previous Message Next Message »

These are some points that J. Ryan made during the interview AS I HEARD THEM. If these are inconsintent with what someone else heard please let the board know.
- price should be in excess of $10 during this year
- current "rock" value $100 share. Amount of rock may triple.
- good chance at a buyout this year
- Ryan has no affiliation with SRU
- Ryan hinted at major finanicng, but "couldn't talk". Bill the caller who mentioned this was told he was "on the right track"
- latest assays were the riches EVER core pulled in NA
- accumlation of stock is happening.

Disclaimer:
Again, this are how I heard the interview and is in no way a recommendation from myself.

Jay.



To: John E.Quinn who wrote (1205)2/6/2002 3:54:08 PM
From: CIMA  Respond to of 1239
 
Starfield Retains Corporate Finance Advisor

VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 6, 2002--
Starfield is pleased to announce that the Company has retained
Warrior, a division of Standard Bank of London as corporate finance
advisor.
Warrior provides corporate finance and strategic advice
exclusively to the mining, metals and minerals industries and will
provide these services to Starfield for the Ferguson Lake project.
Starfield's exploration work to date has identified a resource
exceeding 60 million tonnes at the 100% owned Ferguson Lake property
as summarized below:

-0-
*T
---------------------------------------------------------------
Tonnes
Cutoff (mill- Copper Nickel Pd Pt
Grade ions) (%) (%) (g/t) (g/t)
---------------------------------------------------------------
1.0% Cu+Ni 60.1 0.93 0.59 1.32 0.19
---------------------------------------------------------------
1.5% Cu+Ni 30.6 1.17 0.77 1.69 0.25
---------------------------------------------------------------
2.0% Cu+Ni 12.7 1.39 0.85 1.92 0.28
---------------------------------------------------------------

*T

Additionally, on December 28, 2001 the Company announced discovery
of a discreet new horizon assaying 103 g/t (3.29 oz/t) Palladium, 26.7
g/t (0.85 oz/t) Platinum and 2.74 g/t (0.09 oz/t) Rhodium. Starfield
is currently awaiting startup of the 2002 drill program.

On behalf of the Board of Directors

"Glen Macdonald"
Glen Macdonald, P.Geol., Director

The CDNX neither approves nor disapproves of the information
contained herein.

Corporate Office:
Suite 420-625 Howe Street
Vancouver, BC CANADA
V6C 2T6
Tel: (604) 608-0400
Fax: (604) 608-0344
Toll Free: (877) 233-2244
email: info@starfieldres.com
website: starfieldres.com

--30--rr/cgo*

CONTACT: Starfield
Glen Macdonald, 604/608-0400