Starfire Minerals Inc.
Starfire Minerals Inc.: PRELIMINARY TITAN 24 DICP RESULTS EXTREMELY ENCOURAGING AT PORPHYRY PEARL
Starfire Minerals Inc. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Starfire Minerals Inc. 520 - 355 Burrard Street Vancouver, B.C. V6C 2G8 Telephone: 604.669-5642 Facsimile: 604.687.6714 TSXV: SFR August 27, 2009 NEWS RELEASE PRELIMINARY TITAN 24 DICP RESULTS EXTREMELY ENCOURAGING AT PORPHYRY PEARL Management of Starfire Minerals Inc. (the 'Company') is pleased to report receipt of the preliminary results from the Titan DCIP (Direct Current Induced Polarization) survey conducted by Quantec Geoscience Ltd. on the PP Zone of the Company's Porphyry Pearl Copper - Gold Property, as announced in the Company's news release of August 4th, 2009. The survey is Phase I of the program recommended in the NI 43-101 compliant report prepared by James A. Turner, P.Geo. The 14-claim, 6,024 hectare Porphyry Pearl Property lies within the Toodoggone River Area of the Omineca Mining District, approximately 60 km north-northwest of Northgate Minerals Corporation's Kemess South Mine. The Quantec survey was conducted with an 'a-spacing' of 50 meters vs. 100 meters in the previous survey done in 2006. The closer a-spacing resulted in an increased data density over the previous survey by a factor of four, thus greatly increasing the resolution to depths of 500 to 700 meters. As anticipated, this survey will allow much more precise targeting of Phase II follow-up drilling planned to total 5,000 metres in 12-15 holes to extend the PP Zone. The survey was conducted between August 5th and August 13th 2009 and consisted of four 2.5-km lines spaced 400 meters apart on sections 3400, 3800, 4200 and 4600 North and bracketing the 2007-2008 drilling on sections 3800 and 3900 North. The preliminary results have been interpreted by the Company to indicate a significant chargeability anomaly over the entire 1,200 meter strike that is open to the north and south, averaging approximately 400 meters wide and 220 meters thick at an average depth to the top of the anomaly of 130 meters. Significantly, the survey indicates that the 2007-2008 drilling program did not intersect the most chargeable portion of the anomaly, nor did it close off the target to the west. Of particular interest is section 4200 North, where a 126-meter vertical hole (MM-2) drilled in 1974 by Sumac Mines Ltd. and sampled in 1981 by Kidd Creek Mines Ltd. reports an average of 1.23 g/t gold and 0.09% copper over 54.3 meters from 53.2 to 107.5 meters. The intersection lies approximately 50 meters to the west of the edge and outside of the interpreted chargeability anomaly. The analytical results of hole MM-2 predate the implementation of NI 43-101 and cannot be relied upon. Drilling to date on the Porphyry Pearl Zone has indicated a mineralized body over a strike of 240 meters and a width of at least 70 meters to a depth of 350 meters below the bedrock / overburden interface, the average depth of the overburden being 34 meters (see Company release of August 4th, 2009). The mineralized body as interpreted by drill results lies both within and adjacent to the chargeability anomaly and is open to the north, south and west, as well as to depth. The Company is extremely encouraged by these preliminary results as they support a minimum target size of 250 million tonnes. The reader is cautioned that this is not a mineral resource or reserve estimate and it is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain that further exploration will result in the discovery of a mineral resource. Consequently, the Company is planning to implement Phase II of the program as recommended by the above-mentioned 43-101 report. The Qualified Person for purpose of this news release is Mr. Philip J. Rush, P. Geo. Starfire Minerals Inc. includes uranium, nickel and precious & base metal divisions with properties in Ontario, Quebec and British Columbia. ON BEHALF OF THE BOARD OF DIRECTORS OF STARFIRE MINERALS INC. 'Dan Mosher' Dan Mosher President/CEO THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Forward Looking Information Certain information regarding the Company set forth in this press release, including the use of proceeds, and management's assessment of the Company's future plans and operations contain forward looking information that involve substantial known and unknown risks and uncertainties. The forward looking information is subject to numerous risks and uncertainties, some of which are beyond the Company's and management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, imperfection of reserve estimates, environmental risks, industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. The Company's actual results, performance or achievement could differ materially from those expressed in or implied by, the forward looking information and accordingly, no assurance can be given that any of the events anticipated to occur or transpire form the forward looking information will provide any benefits to the Company. 28.08.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------
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