Starfire's report recommends $475,000 program at Carman
2006-05-17 14:19 ET - News Release
Mr. Dan Mosher reports
TECHNICAL REPORT RECOMMENDS DRILLING ON STARFIRE'S CARMAN NICKEL PROSPECT, TIMMINS, ONTARIO, CANADA.
Starfire Minerals Inc. has received and filed on Stockwatch SEDAR a National Instrument 43-101 compliant report prepared by Gerald Harron of G.H. Harron and Associates of Toronto, Ont., covering its Carman township nickel prospect, Timmins, Ont., Canada. A program of $475,000 in two phases is recommended to investigate the economic potential of three untested conductive horizons on the property. A limited horizontal loop electromagnetic (HLEM) survey is recommended to guide drill location.
The Carman project is located on the eastern flank of the Shaw Dome structural feature about 20 kilometres southeast of Timmins, Ont. The Shaw Dome area hosts five massive sulphide nickel deposits and has the potential to host disseminated sulphide nickel deposits. Previous historical work in 1973 on the property has demonstrated the presence of finely disseminated nickel sulphides which will be investigated from a metallurgical recovery viewpoint. Surface mapping and sampling to confirm earlier work and to establish surface distribution of sulphides within the ultramafic mass are currently in progress.
Starfire has conducted only limited exploration to date on the property and no mineral resource under NI 43-101 has been calculated for the property. There can be no assurance that additional exploration will result in the establishment of a minerals resource on the property.
Starfire owns a 100-per-cent interest in the property subject to a 3-per-cent net smelter return royalty of which 1 per cent may be purchased for $1-million at any time prior to production. The qualified person for purposes of this press release is Mr. Harron of G.H. Harron and Associates of Toronto, Ont., qualified person for NI 43-101
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