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

To: Jim Bishop who wrote (248)	5/10/1999 2:13:00 PM
From: CIMA	Read Replies (1) \| Respond to of 1239

Just found this from March, 1999. I know there was an update on Friday of last week but it isn't on the website yet: lkz.com Starfield Resources, Inc. Junior Explorer snares Large Tonnage Ferguson Lake Project LK&Z is pleased to provide you with information on Starfield Resources Inc. (SRU-A) a junior mineral exploration company trading on the Alberta Stock Exchange. Corporate Developments: SRU-A is presently halted pending approval of an agreement between the company and the Ferguson Lake Syndicate to acquire a 100% undivided interest in the large tonnage nickel-copper cobalt and platinum group elements (PGE) property. Last trade at 60 cents. The 57,304 acre mineral claims and prospecting permits of Ferguson Lake are located between Baker Lake and Rankin Inlet in the newly formed Nunavut Territory in the Eastern Arctic of Canada. Originally discovered by Canico, a subsidiary of Inco, in 1950, the property was extensively drilled, mapped and surveyed by ground and the air. Drilling along a 9km long ultramafic complex on three contiguous mineralized zones had found mineralization in all drill holes. Drilling only tested the mineralised zones, which start at surface to a depth of 180 vertical meters. All zones remain open along strike and at depth. The area was relinquished by Inco in 1998 and staked by the Ferguson Lake Syndicate. Limited follow up by the Syndicate in 1998 confirmed the results of earlier work and resulted in the discovery of a new sulfide-bearing ultramafic unit (south discovery zone) containing appreciable copper, nickel, cobalt, platinum and palladium with values up to: 1.68% copper, .91% nickel, 2.44gr/t palladium, 3.1 lbs. of cobalt. Historical data made available to the company from bulk sampling of the sulfides by previous operators has revealed appreciable recovered platinum group elements from a 9.1 tonne (10 ton) bulk sample. Starfield will be the first company since 1950 to carry out a modern and sophisticated exploration program on the property. The company's Phase I exploration program, set for early spring 1999, benefits greatly from the availability of an existing camp and airstrip located on the property. Presently the company seeks to raise, by way of a Special Warrant, CAN$ 750K in Canada and Europe to finance Phase I. Units consisting of one common share and one full warrant (exercisable at 60 cents within one year) are priced at 50 cents each. Minimum purchase Can$ 50K for European investors. Hold period approx. 6 month. Interested parties are encouraged to have their names listed with LK&Z at the earliest as this offer will close as soon as the Alberta Stock Exchange releases SRU from the trading halt. Further and detailed information is available upon request. Please contact Klaus D. Zahnd Managing Director Next Issue Previous Issue Please Read: This update has been prepared independently by K. D. Zahnd of LK&Z Management Services Ltd. in Calgary, Canada. Information herein contained is drawn from sources believed reliable. However, the accuracy and completeness cannot be guaranteed. This update does not in any way constitute an offer to buy / sell investments in any jurisdiction. Note: The writer may hold shares in the companies listed. If you have any comments or questions about this Update or any of the listed companies, please contact Klaus D. Zahnd, Managing Director of LK&Z Management Services Ltd., 2836 - 42nd Street S.W., Calgary, AB, T3E 3M1 Canada - Telephone # (403) 249-9501 Fax # (403) 249-9503 or email me at zahndk@lkz.com -------------------------------------------------------------------------------- For further information and details contact: zahndk@lkz.com Copyright 1997. All rights reserved. --------------------------------------------------------------------------------