VANCOUVER, Sept. 19 /CNW/ - Starfire Minerals Inc. (the "Company") has
received and filed on SEDAR an updated NI 43-101 compliant report prepared by
G.A. Harron P.Eng. of G.A. Harron & Associates Inc., of Toronto, Ontario
covering the Company's Langmuir South Nickel Project. The report along with
other information about the Company can be found at www.sedar.com and on
Starfire's website at www.starfireminerals.ca.
The report will be filed as part of the Company's application for
corporate reorganization whereby Starfire Uranium Inc. and Starfire Nickel
Inc. is proposed to be separated from Starfire Minerals Inc. as two new public
The Company's Langmuir South property lies within Langmuir Township,
Porcupine Mining Division, Ontario approximately 25 km southeast of Timmins
and consists of 4 contiguous unpatented mining claims covering approximately
272 hectares. The Company owns a 100% interest in the claims subject to a 2%
The property is underlain by favourable host rocks consisting of
komatiite flows intercalated with tholeiitic basalts of the basal Tisdale
assemblage. Underlying Deloro assemblage rocks, exposed in the axial regions
of anticlinal structures, consist of calc-alkaline felsic to intermediate
volcanic rocks with discontinuous sulphidic / graphitic iron formation and
chert. Immediately to the north, the Langmuir No.2 South Zone (historical
production reported as 1,133,750 tonnes averaging 1.45% Ni 1972-78 by the
Mining Corporation of Canada (1964) Limited/Inco Limited Joint Venture)
plunges southwesterly on to the Starfire property and was intersected by
Starfire drill holes as indicated in the table below.
Summary of Significant Drill Intercepts 2006-2008
Hole ID From (m) To (m) Interval (m) Ni (%) Cu (%)
-------- -------- ------- ------------ ------- --------
LS-06-08(1) 415.0 417.0 2.00 0.48 0.03
EL-06-01(1) 214.8 215.0 0.20 3.05 0.16
EL-06-02(1) 297.5 300.5 3.00 0.21 0.07
EL-06-03(1) 427.3 431.0 6.65 3.80 0.17
EL-07-06(2) 202.0 203.5 1.50 3.51 0.07
EL-08-18(2) 38.0 72.0 34.00 0.24 0.01
(1) South Zone mineralization
(2) Footwall to South Zone mineralization
The Technical Report concludes that the property warrants further
exploration and recommends a two-phase program to expand on the down plunge
A proposed Phase I budget of $350,000 will allow for a pulse
electromagnetic geophysical survey and 3,100 meters of drilling to test
conductor(s) that are spatially related to South Zone nickel-copper
mineralization below the 375-meter level.
A proposed Phase II budget is dependent upon favorable results being
obtained in the Phase I program. A $1,000,000 budget is proposed to allow for
an additional 10,000 m of diamond drilling.
The Company has conducted only reconnaissance drilling on the property
and no mineral resource under NI 43-101 has been calculated. There can be no
assurance that additional exploration will result in the establishment of a
minerals resource on the property.
The Qualified Person for purposes of this news release is Mr. Philip J.
Rush, P. Geo. Starfire Minerals Inc. includes uranium, nickel and precious &
base metal divisions with properties in Ontario, Quebec and British Columbia.
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, B.C., V6C 2G8, Telephone: (604) 669-5642, Facsimile: (604)