Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Platinum Group Metals (PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Natasha_Kidd who wrote (510)	8/15/2002 7:26:13 PM
From: CIMA	Respond to of 529

Starfield Resources Inc.: 800 Meter Westerly Stepout Encounters Higher Grade Massive Sulphides VANCOUVER, BRITISH COLUMBIA-- Ferguson Lake Nickel-Copper-Cobalt-Platinum-Palladium Project, Nunavut, Canada Hole 02-119 tested an inverse magnetic anomaly coincident with a UTEM conductor 800 meters west of the nearest westerly hole 01-101 and results are tabled below. This coincident geophysical anomaly extends from 7400 West to 8800 West (1400 meters). ----------------------------------------------------------------- Hole No Inclination Location Interval Length Cu Ni (m) (m) ( % ) ( % ) ----------------------------------------------------------------- FL02-119 -76.5 degrees L76-00W, 5 - 55N 1029.08- 1030.68 1.60 0.59 1.84 ----------------------------------------------------------------- 1068.68- 1080.06 11.38 1.86 0.86 ----------------------------------------------------------------- Including 068.68- 1075.05 6.37 2.07 0.94 ----------------------------------------------------------------- Including 1075.65- 1080.06 4.41 1.78 0.86 ----------------------------------------------------------------- Including 1078.65- 1080.06 1.41 2.40 1.27 ----------------------------------------------------------------- ----------------------------------------------------------------- Hole No Inclination Location Interval Co Pd Pt (m) ( % ) g/t g/t ----------------------------------------------------------------- FL02-119 -76.5 degrees L76-00W, 5 - 55N 1029.08- 1030.68 0.206 3.73 0.11 ----------------------------------------------------------------- 1068.68- 1080.06 0.102 2.45 0.27 ----------------------------------------------------------------- Including 068.68- 1075.05 0.110 2.48 0.16 ----------------------------------------------------------------- Including 1075.65- 1080.06 0.102 2.72 0.45 ----------------------------------------------------------------- Including 1078.65- 1080.06 0.148 4.29 1.23 ----------------------------------------------------------------- Drill hole 02-112 passed underneath the coincident anomalies due to either a dip change or faulting. Hole 02-112 is characterized by disseminated and stringer mineralization over an interval of 226 meters. Drill hole 02-119 drilled updip 300 meters from 02-112 intersected the lower edge of the magnetic high, and is characterized by two mineralized horizons (see table) An 11.38 meter section of massive sulphide graded 1.86% Copper, 0.86% Nickel, 2.45 grams/tonne Palladium and 0.27 grams/tonne Platinum and 0.102% Cobalt. Over 30 meters above the massive sulphide intercept a 15 meter interval of stringer and minor massive sulphide was encountered which yielded a section of 1.6 meters grading 0.59% Copper, 1.84 % Nickel, 3.73 grams/tonne Palladium and 0.11 grams/tonne Platinum and 0.206 % Cobalt. Of interest, at the base of the 11. 3 meters of massive sulphide an intersection of 1.41 meters exists grading 2.4% Copper, 1.27% Nickel, 4.29 grams/tonne Palladium and 1.23 grams/tonne Platinum and 0.148% Cobalt. Currently 02-132 is drilling 120 meters updip of 02-119. A second drill rig has been mobilized to line 80 +00W, a further 400 meter step out to aid in the evaluation of this important development. On Behalf of the Board of Directors, "Glen Macdonald" Glen C. Macdonald, P.Geo., Director This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. -------------------------------------------------------------------------------- Contact: Starfield Resources Inc. Glen C. Macdonald P.Geo., Director Phone: (604) 608-0400 Fax: (604) 608-0344 Toll Free: (877) 233-2244 info@starfieldres.com / starfieldres.com