Trading Symbol: SFR: TSX-Venture
VANCOUVER, July 29 /CNW/ - Starfire Minerals Inc., ("the Company") is
pleased to announce that it has completed the first phase of the 2008 drilling
program at the Porphyry Pearl Property in the Toodoggone District, British
Columbia. The target is a copper-gold porphyry similar to that at Northgate's
Kemess Mine, located 59 km to the southeast of the property.
Hole PP-07-06, (azimuth 240 degrees, inclination -60 degrees) which was
stopped in mineralized material on September 29, 2007 was deepened as planned
(see the Company's news release of July 7, 2008). The hole was continued from
166.12 meters to 450 meters, intersecting sulphide-mineralized stockwork
Two additional holes were collared from the same setup as PP-07-06. Hole
PP-08-07 (azimuth 220 degrees, inclination -60 degrees) was drilled to a depth
of 429 meters. It intersected sections of stockwork mineralization typical of
alkaline porphyry deposits. 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 (azimuth 265 degrees, inclination -55 degrees) was drilled
to a depth of 450 meters. It intersected rocks similar to hole PP-07-06 with
some of the quartz stockwork veins containing chalcocite and 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. Chalcocite and 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. Several core specimens were shipped to Vancouver Petrographics for
examination. A report is due shortly.
The drilling has been temporarily suspended pending analytical results.
This news release has been prepared under the supervision and review of
James Turner P.Geo., a Qualified Person as defined under NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
STARFIRE MINERALS INC.
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