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Summer Exploration Program Aims To Drill 15,000 metres
TORONTO, March 13 /CNW/ - Starfield Resources Inc. (TSX: SRU / OTCBB:
SRFDF) today announced results of check assays and rhodium assays of its
2007 diamond drilling program at Ferguson Lake, Nunavut. The Company also
released plans for an aggressive summer exploration program on the property.
Starfield sent 40 of the higher grade platinum and palladium assay
samples from the 2007 drilling program to Activation Laboratories Ltd. of
Ancaster, Ontario to conduct check assays and rhodium assays. The check assays
for platinum and palladium verified the prior results and three intersections
assayed positive for rhodium, as follows:
- A 1.35 metre thick interval from hole FL07-363 assayed 0.012 grams
per tonne of rhodium from a depth of 142.95 metres to 144.30 metres.
- A 0.75 metre thick interval from hole FL07-374 assayed 0.009 grams
per tonne of rhodium from a depth of 254.00 metres to 254.75 metres.
- A 1.09 metre thick interval from hole Fl07-379 assayed 0.021 grams
per tonne rhodium from a depth of 185.35 metres to 186.44 metres.
"The indications of rhodium at Ferguson Lake are significant because of
the very strong price of this commodity," said André Douchane, President & CEO
of Starfield. "The current price is US$9,380 per ounce, which is equivalent to
just over US$300 per gram."
The check assays also assayed positive for minor amounts of gold,
averaging approximately 0.01 grams per tonne.
"I found these results to be very encouraging and we're excited to begin
this year's drilling," said Mr. Douchane. "The winter resupply effort is going
well and we are currently on schedule to begin drilling next month."
Diamond Drill Program
Phase 1 of the 2008 exploration program anticipates diamond drilling
approximately 15,000 metres between April and September. Of the total,
approximately 10,000 metres will be drilled into the low sulphide, high grade
PGE Zone to further define the mineralization in the high PGE Zone. The
remaining 5,000 metres is designated for the deeper West Zone, just west of
the current potential open pit resource, to upgrade more resources to
indicated status. In addition, the deeper West Zone drilling will also probe
for the presence of low sulphide, high grade PGE mineralization.
Phase 2 of the 2008 program provides for 5,000 metres of diamond drilling
late in the year. This work is designed to follow up exploration in the West
South Zone and to conduct any additional drilling needed to follow up on Phase
Surface Exploration Program
In an effort to further evaluate its extremely large land holding,
Starfield will embark on a grassroots surface exploration program this summer
to examine the kimberlite and gold potential of the Company's 207 active
claims surrounding the Ferguson Lake project. The potential for kimberlites is
indicated by the diamond exploration companies that have staked ground
surrounding the Ferguson Lake camp. Starfield also believes there are
prospects for gold mineralization in the Archean greenstone belt to the south.
Initially this program will entail the processing of approximately
1,100 20-litre pails containing unsieved till samples taken during the
2005/2006 regional sampling program. Once the samples have been screened to
create a 30 kg sample, they will be sent out for mineral extraction, KIM
(kimberlite indicator minerals) counts and ICP (inductively coupled plasma)
assays, which determine concentrations of up to 70 elements simultaneously.
The second phase of the surface exploration program will consist of
follow up sampling around 10 geophysical targets picked from a 2005 VTEM
survey done over the area and any follow up needed on the soil samples. This
program will be helicopter supported and will consist of samples taken at
50 metre spacing around the targets. If the results of this sampling prove
positive, a small-scale drill program to test the targets will be considered
for the 2009/2010 season.
"We very much need to evaluate our large land holding over the next two
years to determine its value for further expenditures or joint venture
opportunities," said Mr. Douchane. "Nonetheless, we consider the Ferguson Lake
deposit our crown jewel and it will remain our major focus."
Starfield's diamond drilling, logging and sampling was overseen and
carried out by Don Cowan, MSc, PEng, a Qualified Person in accordance with
NI 43-101, who has reviewed this news release.
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 massive
sulphides at Ferguson Lake.
For further information:
For further information: André J. Douchane, President and CEO, (416)
860-0400 ext. 222, email@example.com; Greg Van Staveren, Chief
Financial Officer, (416) 860-0400 ext. 223, firstname.lastname@example.org;
Connie Anderson, Investor Relations, (416) 860-0400 ext. 228,