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


To: Elizabeth Andrews who wrote (425)5/31/1999 1:59:00 AM
From: CIMA  Read Replies (2) | Respond to of 1239
 
It's a completely different market today as you know Elizabeth. You have to show the goods first following the Bre-X debacle. Investor's trust in mining plays is still very fragile. Depressed commodities pricing and the .COM speculative frenzy have contributed to most investor's money and attention being elsewhere. The data will prove or disprove the story and the money will or won't come . The share price will continue to rise as the proof, through drilling results, is provided IMO. This is no hype-driven pump and dump. This is potentially the beginning of a major Canadian mining story. Of course, it may not turn out to be a success, there's always that chance. But early indications are that Starfield is on to something really big. As you indicate by your post, the stock is still really cheap given the potential of the property. If you're a speculator I'd want to have a little (or in my case a lot) just in case it's the real deal.



To: Elizabeth Andrews who wrote (425)5/31/1999 5:07:00 PM
From: CIMA  Respond to of 1239
 
PRESS RELEASE:

STARFIELD RESOURCES INC.
PRESS RELEASE May 31st, 1999
Corporate Office: #99-08
Suite 420-625 Howe Street SRU-ASE
Vancouver, BC CANADA
V6C 2T6
Tel: (604) 608-0400 Fax: (604) 608-0344
Toll Free: (877) 233-2244

STARFIELD COMPLETES EXPLORATION PROGRAM
FERGUSON LAKE, NUNAVUT, CANADA

The first Phase $500,000 exploration program on the Ferguson Lake Cu-Ni-Pd-Pt-Co property is now complete. A preliminary interpretation of the results of a surface geophysical program indicates conductivities and coincident high magnetic intensities throughout the known Main Zone (East & West) strike length of + 8 kilometers. The geophysical signatures indicate that the zone is open along strike both east and west, and that there are previously unrecognized zones at depth.

Five inclined diamond drill holes were also completed as part of the first phase program. Two holes tested East zone updip of a previous Inco hole which reportedly intersected 23.9 meters grading 1.28% Ni and 1.08% Cu.

The other three holes tested that part of West Zone previously reported to host a resource of 6.4 million tonnes grading 0.87% Cu and 0.75% Ni. Massive sulphide sections were encountered in all holes drilled; drill core samples are currently enroute to the laboratory for analysis.

For further information, please contact Glen Indra or Barrie Field-Dyte at (604) 608-0400 or email at info@starfieldres.com. or website at www.starfieldres.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Glen J. Indra, President