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


To: Claude Cormier who wrote (443)6/1/1999 10:18:00 AM
From: SWW  Read Replies (2) | Respond to of 1239
 
Claude

What is your take (in general) on the SRUs Ferguson Lake Property?

Steve



To: Claude Cormier who wrote (443)6/1/1999 11:54:00 AM
From: CIMA  Read Replies (1) | Respond to of 1239
 
During 1986 and 1987, Inco granted Homestake Mineral Development Co.
permission to conduct a rock sampling program along the 5½ mile strike
length of the Main Zone. Homestake reported assay results of up to 2800
ppb Pt and 5600 ppb Pd from rock samples taken from the hornblendite hosted
gossans.

Limited follow-up work last year by the Ferguson Lake Syndicate, confirmed
the Homestake results, returning values as high as 4.55 g/t palladium. The
Syndicate's work also resulted in the discovery of a new sulfide-bearing
hornblendite unit, the South Discovery Zone, located five kilometers to the
south of (and running parallel to) the Main Zone.

The South Discovery Zone, which has been traced on surface for over 1,000
meters, remains open along strike. Surface sampling returned values up to
1.68% Cu, 2.91% Ni, 2.44 g/t Pd and 0.155% Co. Mineralization appears to
be identical to that of the Main Zone, with massive sulfides on surface up
to ten meters thick.

Subsequent to the discovery of the South Zone, Starfield Resources expanded
its presence in the area to over 23,000 hectares of mineral claims.