Starfield eyes low sulphide horizon

Vancouver – The initial results from an 11-hole delineation drill program on the West zone has confirmed that a low-sulphide platinum-palladium bearing horizon can be traced on the Ferguson Lake nickel sulphide property in Nunavut.

Starfield Resources (SRU-V) tabled the results from the first 3 holes of the program on the shallow portion of the zone. Highlights include:

• Hole 142 – 3.1 metres grading 4.65 gram palladium and 0.64 gram platinum per tonne from 168.5 metres downhole,
• Hole 143 – 1.68 grams palladium and 18.75 grams platinum over 0.36 metre at 148.6 metres downhole,
• Hole 144 – 2.15 grams palladium and 1.15 grams platinum over 6.8 metres from 253.5 metres downhole.

The mineralization is located in gabbroic rocks in the footwall of the copper-nickel-cobalt massive sulphide horizons of the West zone. All three of the holes cut multiple low sulphide zones including a platinum group bearing massive sulphide zone. The sulphide horizons returned 0.92% copper, 0.63% nickel, 1.8 grams palladium and 0.15 gram platinum over 2.1 metres in hole 142, 3.43% copper, 0.3% nickel. 0.65 gram palladium, and 0.1 gram platinum over 3.3 metres in hole 143, and 1% copper, 1.1% nickel, 1.88 gram palladium and 0.19 gram platinum over 2 metres in hole 144.

Starfield initially encountered the high-grade platinum-palladium horizon while doing definition drilling on the shallow eastern portion of the West zone in hopes of outlining an open-pit resource. Hole 109 cut a similar palladium-rich low-sulphide interval, which graded 56.79 grams palladium and 5.99 grams platinum over a 0.21-metre section. Following up the encouraging value, hole 135 cut a 1.1-metre low-sulphide zone, which averaged 13.96 grams platinum and 19.13 grams palladium.

Holes 142 and 143 were collared from the same site and hole 135, but drilled at a steeper incline. Hole 144 was drilled 30 metres to the west.

Holes 145 and 146 were drilled from the same site as hole 144. Assay results for these holes are pending.

The West zone hosts an inferred resource of 55.1 million tonnes grading 0.95% copper, 0.59% nickel, 0.065% cobalt, 1.35 grams palladium and 0.23 gram platinum using a cutoff grade of 1% combined copper and nickel. Mineral resources for the eastern (shallower) part of West zone are based mainly on 50 drill holes. The area hosts a resource containing 8 million tonnes grading 1.07% copper, 0.83% nickel, 1.53 grams palladium and 0.2 grams platinum, based on a cutoff grade of 1.5% combined copper-nickel.