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TORONTO, Oct. 15 /CNW/ - Starfield Resources Inc. (TSX: SRU / OTCBB:
SRFDF) today announced financial results for the second quarter of its 2008
fiscal year were filed on SEDAR.
For the three months ended August 31, 2007, Starfield reported
exploration costs totaling $3.3 million, and $5.4 million for the six months
ended August 31, 2007. Administrative outlays amounted to $0.9 million for the
quarter end and $1.9 million for the six months ended.
The Company had cash reserves of $12.2 million and working capital of
$13.1 million at quarter end, compared to $506,000 and negative $1.9 million
in fiscal 2007 respectively.
More information, the interim financial statements and management's
discussion and analysis for the second quarter are available on the Company's
website and on SEDAR.
Starfield Resources Inc. is an advanced exploration and emerging early
stage development company focused on its Ferguson Lake
Nickel-Copper-Platinum-Palladium-Cobalt property in Nunavut, Canada. The
property is emerging as Nunavut's largest ongoing base and precious metal
project. Starfield has developed a novel, environmentally friendly and
energy-efficient hydrometallurgical flowsheet to recover metals from its
Ferguson Lake massive sulphides.
For further information:
For further information: André J. Douchane, President and Chief
Executive Officer, Starfield Resources Inc., (416) 860-0400 ext. 222,
firstname.lastname@example.org; John Vincic, Executive Vice President, Barnes
McInerney Inc., (416) 367-5000 ext. 249, email@example.com