Starfire announces 210 meters of 0.90 grams gold per tonne, including 71 meters of 1.66 grams gold per tonne, and 1.98 meters of 31.36 grams per tonne (0.915 ounces per ton) - Drill program resumes



    Trading Symbol: SFR: TSX-Venture

    VANCOUVER, Aug. 11 /CNW/ - Starfire Minerals Inc. ("the Company") is
pleased to announce partial analytical results from the completion of hole
PP-07-06 at its Porphyry Pearl copper-gold project in the Toodoggone District,
Northern British Columbia.
    Hole PP-07-06 was suspended in mineralized material at 162 meters on
September 29, 2007 due to the onset of winter conditions. The hole was
re-entered on July 9, 2008 and completed to a depth of 448 meters. Analyses
for the hole from the collar to a depth of 340.16 meters are reported below.
Analytical results from 340.16 to 448 meters are expected shortly and will be
reported as they become available.

    
        From      To  Meters    Au     Cu     Zn    Eq    Au      Remarks
                             (g/t)(1)   %      %  (g/t)
                                                 (1),(2)
                0.00   17.98                                    overburden,
                                                                not sampled
               17.98  340.16  322.18   0.62  0.03  0.08   0.75  details below
              340.16  448.00  107.84                            awaiting
                                                                analyses

    includes   17.98  103.02   85.04   0.09  0.01  0.04   0.14
         and  103.02  313.18  210.16   0.90  0.05  0.09   1.06  details
                                                                below(*)
         and  313.18  340.16   26.98   0.13  0.01  0.14   0.27

    (*)incl-
    udes      103.02  159.00   55.98   0.83  0.07  0.10   1.03
         and  159.00  242.01   83.01   0.29  0.04  0.07   0.42
         and  242.01  313.18   71.17   1.66  0.04  0.12   1.84  details
                                                                below (xx)

    (xx)inc-
    ludes     242.01  275.69   33.68   1.11  0.05  0.11   1.30
              275.69  290.63   14.94   0.31  0.02  0.12   0.45
              290.63  299.92    9.30   0.56  0.03  0.18   0.78
              299.92  301.90    1.98  31.36  0.03  0.14  31.36  30 g fire
                                                                assay
              301.90  313.18   11.28   0.76  0.04  0.12   0.94

    (1)  1 g/t = grams per tonne.
    (2)  Equivalent copper and gold calculations use metal prices of US$1.50
         for copper (Cu), $US 0.80 for zinc (Zn) and US$600/oz for gold (Au).
         Metallurgical recoveries and net smelter returns for all metals are
         assumed to be 100%. Equivalent gold = Au g/t + (Cu% x
         33.07/19.29) + (Zn% x 17.64/19.29).
    

    Quality Control

    The NQ-2 core is logged, split with a core splitter, and sampled on site.
The maximum core length constituting a sample is 2 meters. One half of the
core is returned to the core box for reference. The samples are forwarded to
Acme Analytical Laboratories Ltd.'s facility in Smithers BC for preparation
and on to Acme's facility in Vancouver BC for analyses. Copper and zinc are
determined by ICP-ES on a 1-gram subsample as part of Acme's Group 7 AR
package. Gold is determined by fire assay preparation with an ICP-ES finish
using Acme's Group 3B procedure on a 30-gram subsample. "Overlimits" for gold
((greater than)10 g/t) are reanalyzed by a conventional 30-gram fire assay.
Acme reports results of its standards and re-analyses of samples. In addition,
the Company inserted its own set of commercial standards and blanks within the
sample sequence. All Quality Control results were found to be within an
acceptable range.

    Additional Determinations

    The particularly high-grade gold value in the 1.98 meter interval between
299.92 and 301.90 meters is within an interval described as consisting of
"highly altered and brecciated intrusive with small amounts of chalcopyrite as
disseminated fine grains and along with sphalerite, in thin veins and veinlets
as well as 4-5% pyrite and magnetite". This is typical of porphyry deposits in
the Toodoggone area of B.C.
    Because of the high grade gold assay, the Company has ordered metallic
assays for the high-grade sample as well as the 10 adjoining samples from
294.28 meters to 315.16 meters (20.88 meters) that constitute the encompassing
geologic interval described above. Metallic assays by Acme's technique involve
crushing, pulverizing, and sieving a 500 gram sample with a 150-mesh sieve,
collecting all of the +150 mesh material, weighing it and determining the gold
content, and weighing the -150 mesh fraction from which a sub-sample is
collected for fire assay. The resulting gold contents and weights are then
weight-averaged to calculate the gold content of the entire 500-gram sample.
This is equivalent to fire-assaying 16.7 samples, but with the added benefit
of being able to quantify any possible "nugget effect". The results will be
reported as soon as they become available.
    Additionally, the Company has ordered 30-gram fire assays from new pulps
to be made from the coarse rejects of 29 mineralized samples constituting the
interval above (240.03 - 294.28 meters) and six samples constituting the
interval below (315.16 - 325.07 meters) the breccia unit.

    
    Additional Drilling

    Additional drilling pertaining to the intersection is tabulated below.

    -------------------------------------------------------------------------
    Hole         East      North  Azimuth  Inclination      Depth  Results
                (UTM)      (UTM)
    -------------------------------------------------------------------------
    PP-07-06  607,393  6,370,459      270          -60        448  As above
    -------------------------------------------------------------------------
    PP-08-07  607,393  6,370,459      250          -60        429  See
    -------------------------------------------------------------- descript-
    PP-08-08  607,393  6,370,459      295          -55        450  ions below
    -------------------------------------------------------------------------
    PP-08-09  607,246  6,370,564      210          -62        370  Collaring
                                                        (planned)  (overcut
                                                                   of hole
                                                                   08)
    -------------------------------------------------------------------------
    Pending   607,246  6,370,564      210          -55  Pending results of
                                                        hole 09
    -------------------------------------------------------------------------
    

    Hole PP-08-07 intersected sections of stockwork mineralization. Sulfides
in the stockworks consist of fine grained pyrite and very fine grained
chalcopyrite. Several quartz-carbonate veins contain galena, sphalerite and
chalcopyrite. Molybdenite occurs on some fractures and in microveinlets. Flow
brecciated volcanics containing 1-3% pyrite complete the section.
    Hole PP-08-08 intersected rocks similar to hole PP-07-06 with some of the
quartz stockwork veins containing chalcopyrite. Some veins contain up to 15 %
magnetite with the chalcopyrite. An intermittent mineralized zone containing
stockwork quartz and quartz-carbonate veining was intersected from 300 meters
to 380 meters. Chalcopyrite with magnetite, specular hematite and pyrite occur
near the bottom of the section in siliceous and potassic altered zones. Flow
brecciated volcanics complete the hole.
    Increased amounts of chalcopyrite, sphalerite, galena and magnetite in
hole PP-08-08 over that noted in the previous holes was confirmed by Vancouver
Petrographics Ltd., and along with their observation of the prevalence of
anhydrite as veinlets and permeations, encouraged the Company to resume the
drill program, starting with an overcut of hole 8 to investigate the shallow
potential.
    Starfire's Qualified Person as that term is defined in National
Instrument 43-101 is Philip J. Rush, P.Geo., who prepared this release.

    ON BEHALF OF THE BOARD OF DIRECTORS OF

    STARFIRE MINERALS INC.

    "Dan Mosher"
    ----------------
    Dan Mosher
    President/CEO

    
         THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
                       RESPONSIBILITY FOR ITS CONTENTS.

       THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
                     ADEQUACY OR ACCURACY OF THIS RELEASE
    





For further information:

For further information: Starfire Minerals Inc., 520-355 Burrard Street,
Vancouver, BC, V6C 2G8, Telephone: (604) 687-6716, Facsimile: (604) 687-6714

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