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Starfield Resources Inc. - 2003 exploration update
VANCOUVER, Canada, December 12 /PRNewswire/ --
Ferguson Lake Nickel-Copper-Cobalt-Platinum-Palladium Project, Nunavut,
Canada
SRU - TSX.VEN
SRFDF - OTC BB
Starfield Resources Inc. has completed field work during 2003 consisting
of UTEM geophysical surveying and core drilling at the Company's 100%-owned
Ferguson Lake nickel-copper-cobalt-platinum-palladium project located in
Nunavut, Canada. The 2003 exploration program included of 55,500 grid
line-meters of UTEM geophysical survey and, to date, 9 core drill holes
totaling 2,667 meters. The 2003 program was designed to further test both
massive and low-sulphide platinum-palladium mineralized horizons discovered
in 2002 in the footwall gabbroic rocks below the near-surface eastern portion
of the West Zone, and to apply UTEM geophysical survey coverage over a trend
of magnetic anomalies (detected by the inverse-magnetic interpretation method)
now determined to be extending south-west from the 119 Zone discovered
during 2002.
Previous UTEM geophysical surveys during 1999 and 2000 by the Company's
geophysical contractor, S.J. Geophysics of Vancouver, B.C., outlined a 5-
kilometer-long conductor trending west from the west shore of Ferguson
Lake. Starfield's drilling of this conductor, coincident with a trend of
magnetic anomalies, outlined the "West Zone" over a 2.8 kilometer length
and, with an 800-meter stepout further west, the "119 Zone". The West
Zone contains an inferred mineral resource of 44.0 million tonnes(x)
averaging 0.95% Cu,0.55% Ni, 0.064% Co, 1.33 g/t Pd and 0.24 g/t Pt,
and the 119 Zone - 5.8 million tonnes(x) averaging 1.31% Cu, 0.72% Ni,
0.086% Co, 2.02 g/t Pd and 0.30 g/t Pt. These results are calculated
using a 1%-plus copper+nickel content and are summarized in detail
in the Company's news release of June 6, 2003.
The 2003 geophysical survey grid was oriented South-West beyond the 119
Zone to better cover a magnetic trend recognized to be deflecting
southerly from the original (West Zone/119 Zone) west orientation as
determined in the earlier surveys. The 2003 UTEM survey extended for
3.0 kilometers, the original conductor known to be associated with the
119 Zone. The UTEM conductor/magnetic anomaly system remains open to the
South-West.
The 2003 drill program, to date, includes 9 core holes totaling 2,667
meters. These holes were laid out to further evaluate both massive and
low- sulphide platinum-palladium mineralized horizons discovered during 2002.
These horizons, as announced in our news release dated February 18, 2003,
occur in the Ferguson Lake gabbroic rocks below and sub-parallel to the main
sulphide system containing the West Zone resource. Samples from the 2003
drill program are currently being processed and results will be published
when received by Starfield.
This news release has been prepared by Glen Macdonald, P.Geo., a
qualified person as defined by NI43-101.
On Behalf of the Board of Directors,
"Glen C. Macdonald, P.Geo".
Glen Macdonald, Director
(x) The Company's independent consultant, N.C. Carter, Ph.D., P.Eng.,
has prepared the 2002 revised Mineral Resource estimates which form
part of a "Report on March-December 2002 Exploration Programs West Zone,
Ferguson Lake Nickel-Copper-Cobalt-PGE Property" dated June 19, 2003
which is available for review on the SEDAR website.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS RELEASE.
%SEDAR: 00009374E
DATASOURCE: Starfield Resources Inc.
For further information: Tel: +1 (604) 608-0400, Fax: +1 (604) 608-0344,
Toll Free: +1 (877) 233-2244, Email: info@starfieldres.com, Website:
http://www.starfieldres.com/