VANCOUVER, June 7 /CNW/ - Starfire Minerals Inc. has received a 43-101
compliant Technical Report by Dr. N.C. Carter, PhD, P. Eng. which reviews the
results of the 2006 Geophysical Surveys and recommends additional work,
principally a diamond drill program, on the Porphyry Pearl copper-gold
property. The complete technical report will be available at www.sedar.com and
at the Company's website www.starfireminerals.ca
The property, which is situated in the Toodoggone mining district in
northern British Columbia, consists of 6,000 hectares between 6 and
14 kilometres north of the Toodoggone River, some 300 kilometres north of
Smithers, and approximately 60 kilometres northwest of the Kemess South Mine
which is one of the largest copper-gold porphyry deposits in production in BC,
owned and operated by Northgate Minerals Corp (NGX-T)
The 2006 program was conducted during the period August 8 to September 17
and consisted of approximately 60 line-kilometres of line cutting,
approximately 50 line-kilometres of magnetometer and pole-dipole Induced
Polarization ("IP") surveys, the results of which were previously released
(January 10, 2007).
In his report, Dr. Carter recommends a first phase of five 600-metre
diamond drill holes on selected targets in the Porphyry Pearl Zone that is
expressed in the IP survey as a zone of anomalous chargeability over an area
of approximately three and one-half kilometres by up to one kilometre in
width. The estimated cost of the first phase program is $550,000. He notes
that it is significant that the entire lengths of four 1991 drill holes
average 0.28 gram/tonne gold and 0.02% copper and that two of the holes
include intervals of 28 and 57 metres averaging 0.723 and 0.538 gram/tonne
gold and 0.06% and 0.04% copper respectively. He also notes that enhanced gold
and copper values within the system are found at hole depths in excess of 100
metres and that only two of the previous holes have tested the zone to depths
of 200 meters. Dr. Carter also recommends additional surface prospecting and
geological mapping in mineralized areas; consideration of deep IP surveys over
the highest-priority target area, as well as an orientation partial-leach soil
geochemical survey as an additional discriminator due to the up to 50 metre
glacial till cover over much of the target area.
The contingent second phase recommended by Dr. Carter also consists of
3,000 metres of diamond drilling at an additional estimated cost of $550,000.
The qualifying person who reviewed this News Release is Philip J. Rush,
P.Geo. a Director of Starfire Minerals Inc.
For further details on the Porphyry Pearl property, including past
exploration work, please refer to the News Releases of January 17, 2006, March
20, 2006, and January 10, 2007 which are available on Starfire's website at
Starfire Minerals Inc. holdings include nickel, uranium and precious &
base metal divisions with properties in Ontario, Quebec, and British Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS OF
STARFIRE MINERALS INC.
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) 669-5642, Facsimile: (604) 687-6714