Kanada. Das Unternehmen konnte seine Vorraete auf 46 Mio. Tonnen erhoehen und hofft bis zum Ende der Bohrkampagne 100 Mio. Tonnen zu erreichen. Das Unternehmen steht mit mehreren grossen Bergbaufirmen im Gespraech, die an der Lagerstaette interessiert sind. Starfield hat eine Notierung in Frankfurt und Berlin beantragt.
VANCOUVER, British Columbia--(BUSINESS WIRE)--July 31, 2001--Ferguson Lake
Nickel-Copper-Cobalt-Platinum-Palladium Project, Nunavut, Canada Starfield Resources Inc. is
pleased to report revised resource estimates for the three known mineralized zones at Ferguson
Lake (West Zone, East Zone I and East Zone II).
New inferred resource estimates provided for the Ferguson Lake project are summarized below:
Combined West Zone, East Zone I, East Zone II Inferred Mineral Resources
Tonnes Palladium +
Cutoff Grade (millions) Copper(%) Nickel(%) Platinum (g/t)
------------ ---------- --------- --------- --------------
1.0% Cu+Ni 46.1 0.88 0.58 1.41
1.5% Cu+Ni 20.9 1.11 0.80 1.84
2.0% Cu+Ni 6.1 1.31 0.95 2.02
The Company's independent consultant, N.C. Carter, Ph.D., P.Eng., has prepared the new
estimates pursuant to CIM ``Standards on Mineral Resources and Reserves'' designed by the CIM
Standing Committee on Reserve Definitions, adopted by CIM Council on August 20, 2000 and
published in the CIM Bulletin of October, 2000. Dr. Carter calculated the new resource estimates
manually for individual drill hole cross-sections employing the following parameters: Cut-off Grades -
1.0%, 1.5% and 2.0% combined Cu + Ni. Minimum Drill Intersection - 2.00 meters. Area of
Influence for Individual Drill Holes (down-dip) - midway point between drill holes. Area of Influence
for Individual Cross-Sections - midway point between sections. Assumed Specific Gravity - 3.80. A
total of 135 drill hole intersections of massive sulphide mineralization were utilized in the resource
calculations. Intervals between holes range from 120 meters on initial stepouts to approximately 40
meters for in-fill drill holes.
These estimates incorporate results for drill holes FL01-68 TO FL01-74 and new technical
information including a detailed laboratory survey to provide accurate specific gravity information.
Specific gravity determinations were completed by the Company's assayer Bondar Clegg Canada
Ltd. for 33 core samples from West Zone, East Zone I and East Zone II. These samples included
eleven massive sulphide samples which returned specific gravities ranging from 3.17 to 5.14 (average
4.04), eight samples of semi-massive sulphides (range 3.04 - 3.95; average 3.63), ten stringer
sulphide samples (range 3.04 - 4.09; average 3.45), and four hornblendite host rock samples
containing disseminated and fracture-filling sulphides (range 2.93 - 3.24; average 3.12). An average
specific gravity of 3.8 is considered to be representative of the various mineralized zones at Ferguson
Lake.
Ten additional drill holes have also been completed on West Zone and are in the process of being
analyzed. All these holes intersected significant sections of massive sulphide mineralization and are
not included in the new resource estimate. Drilling is continuing on West Zone utilizing two drill rigs
(holes FL01-84, 86) including a 600-meter stepout to the west.
A third drill rig has started drilling to further test the ``M'' Zone, where 5 holes were completed
during 2000 including discovery hole FLM00-43 which intersected 7.17 meters assaying 1.01% Cu,
0.71% Ni, 0.103% Co and 2.07 g/t PGE. Compilation of surface and borehole geophysical data
with these earlier 5 holes has allowed the Company's geophysical contractor, SJ. Geophysics, Ltd.
to select a strong conductive anomaly for drill testing. This apparently flat lying target measures 400
meters by 2,000 meters and is indicated to occur at a depth of some 120 meters.
On behalf of the Board of Directors ``Glen Macdonald'' Glen Macdonald, P.Geol., Director
The CDNX neither approves nor disapproves of the information contained herein.
Contact:
Starfield Resources
Mr. Glen J. Indra, 604/608-0400
Fax: 604/608-0344
Toll Free: 877/233-2244
info@starfieldres.com
VANCOUVER, British Columbia--(BUSINESS WIRE)--July 31, 2001--Ferguson Lake
Nickel-Copper-Cobalt-Platinum-Palladium Project, Nunavut, Canada Starfield Resources Inc. is
pleased to report revised resource estimates for the three known mineralized zones at Ferguson
Lake (West Zone, East Zone I and East Zone II).
New inferred resource estimates provided for the Ferguson Lake project are summarized below:
Combined West Zone, East Zone I, East Zone II Inferred Mineral Resources
Tonnes Palladium +
Cutoff Grade (millions) Copper(%) Nickel(%) Platinum (g/t)
------------ ---------- --------- --------- --------------
1.0% Cu+Ni 46.1 0.88 0.58 1.41
1.5% Cu+Ni 20.9 1.11 0.80 1.84
2.0% Cu+Ni 6.1 1.31 0.95 2.02
The Company's independent consultant, N.C. Carter, Ph.D., P.Eng., has prepared the new
estimates pursuant to CIM ``Standards on Mineral Resources and Reserves'' designed by the CIM
Standing Committee on Reserve Definitions, adopted by CIM Council on August 20, 2000 and
published in the CIM Bulletin of October, 2000. Dr. Carter calculated the new resource estimates
manually for individual drill hole cross-sections employing the following parameters: Cut-off Grades -
1.0%, 1.5% and 2.0% combined Cu + Ni. Minimum Drill Intersection - 2.00 meters. Area of
Influence for Individual Drill Holes (down-dip) - midway point between drill holes. Area of Influence
for Individual Cross-Sections - midway point between sections. Assumed Specific Gravity - 3.80. A
total of 135 drill hole intersections of massive sulphide mineralization were utilized in the resource
calculations. Intervals between holes range from 120 meters on initial stepouts to approximately 40
meters for in-fill drill holes.
These estimates incorporate results for drill holes FL01-68 TO FL01-74 and new technical
information including a detailed laboratory survey to provide accurate specific gravity information.
Specific gravity determinations were completed by the Company's assayer Bondar Clegg Canada
Ltd. for 33 core samples from West Zone, East Zone I and East Zone II. These samples included
eleven massive sulphide samples which returned specific gravities ranging from 3.17 to 5.14 (average
4.04), eight samples of semi-massive sulphides (range 3.04 - 3.95; average 3.63), ten stringer
sulphide samples (range 3.04 - 4.09; average 3.45), and four hornblendite host rock samples
containing disseminated and fracture-filling sulphides (range 2.93 - 3.24; average 3.12). An average
specific gravity of 3.8 is considered to be representative of the various mineralized zones at Ferguson
Lake.
Ten additional drill holes have also been completed on West Zone and are in the process of being
analyzed. All these holes intersected significant sections of massive sulphide mineralization and are
not included in the new resource estimate. Drilling is continuing on West Zone utilizing two drill rigs
(holes FL01-84, 86) including a 600-meter stepout to the west.
A third drill rig has started drilling to further test the ``M'' Zone, where 5 holes were completed
during 2000 including discovery hole FLM00-43 which intersected 7.17 meters assaying 1.01% Cu,
0.71% Ni, 0.103% Co and 2.07 g/t PGE. Compilation of surface and borehole geophysical data
with these earlier 5 holes has allowed the Company's geophysical contractor, SJ. Geophysics, Ltd.
to select a strong conductive anomaly for drill testing. This apparently flat lying target measures 400
meters by 2,000 meters and is indicated to occur at a depth of some 120 meters.
On behalf of the Board of Directors ``Glen Macdonald'' Glen Macdonald, P.Geol., Director
The CDNX neither approves nor disapproves of the information contained herein.
Contact:
Starfield Resources
Mr. Glen J. Indra, 604/608-0400
Fax: 604/608-0344
Toll Free: 877/233-2244
info@starfieldres.com
