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.

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

To: Jim Bishop who wrote (253)	5/10/1999 11:28:00 PM
From: CIMA	Respond to of 1239

CANADA STOCKWATCH Date 05/10/99 Company STARFIELD RESOURCES INC. Title Starfield starts exploration at Ferguson Lake Starfield starts exploration at Ferguson Lake Starfield Resources Inc SRU Shares issued 8,100,000 May 10 close $0.68 Mon 10 May 99 News Release Mr. Glen Indra reports The company is mobilizing for its 1999 Ferguson Lake Pt-Pd-Ni-Cu-Co exploration program. Fuel and supplies are now being transported to a fully winterized camp on the property. Field personnel and geophysical crews have arrived at the project. A drilling contract has been signed with Midwest Drilling and the drill, now located at Victory Lake approximately 38 kilometres from Ferguson Lake, Nunavut, will be skidded to the property during the week of May 10, 1999. The exploration program will commence with 100 line kilometres of geophysical surveying over the known 10 kilometre long ultramafic complex zone. This survey consists of UTEM electromagnetometer and proton magnetometer systems, which will be run on cross lines over the top of the ultramafic complex. The UTEM system is capable of exploring to a depth of at least 300 to 400 metres. The geophysics will also be run across the existing defined resource (6.4 million tonnes) and its geophysical signature will aid in identifying new drill targets along the ultramafic, as well as defining other zones (including the parallel zone which was discovered in the fall of 1998, approximately five kilometers to the south). The new geophysical results will be available approximately May 18, 1999, and will be used to establish sites for the 1,200 metre diamond drilling program that will follow immediately. Starfield's preliminary drill program is being designed to confirm earlier (1950s) drill results and to test new targets defined by the modern geophysical system now being used. The current program will also test the mineralized horizons for their platinum and palladium contents, which were not recognized in the 1950s drill programs. Platinum group metals (PGM) have been detected in a preliminary manner in later sampling, by Homestake in 1987, and confirmed by the Ferguson Lake syndicate in 1998.