Starfire Minerals Inc.
Starfire Minerals Inc.: STARFIRE ANNOUNCES SIGNIFICANT URANIUM MINERALIZATION FOR ITS CROSS-STRUCTURE PROPERTY
Corporate News transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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STARFIRE MINERALS INC
520-355 BURRARD STREET
VANCOUVER, BC
V6C 2G8
Telephone: 604.669.5642
Facsimile: 604.687.6714
NEWS RELEASE
November 27, 2006 SFR: TSX-V
STARFIRE ANNOUNCES SIGNIFICANT URANIUM MINERALIZATION FOR ITS
CROSS-STRUCTURE PROPERTY
Starfire Minerals (the company) is pleased to announce that the chemical
report for the 2006 field program has outlined the potential for
substantial uranium mineralization on their Cross-Structure Property in
Havre St. Pierre, Quebec, Canada. The Cross Structure property is located
in the south-eastern part of Quebec, along the north shore of the Gulf of
St. Lawrence, and about 25 kilometers west of Aguanish and 106 kilometers
east of Havre St-Pierre.
The fieldwork program was designed to test the Cross Structure dyke zone
previously identified by Aguanish Uranium Inc in 1977. The program was also
designed to test fourteen radiometric targets delineated by Starfire during
the 2005 airborne survey over the property area. Cross Structure is a low
grade, high tonnage uranium target with historical reserve estimates from
previous work prior to implementation of NI 43-101 standards. Any
historical information provided is for reference only and the reader should
not infer or assert that the information is correct, reliable, relevant or
accurate and should not be relied upon. The present program was the first
attempt to test the surface potential of all previous and recent delineated
uranium mineralization on the property.
The historical exploration on the property has demonstrated the possibility
of low grade high tonnage uranium mineralization; however the property is
still in the early stage of exploration. No mineral resources are known to
exist on the property and there can be no assurance that additional
exploration will result in the delineation of any mineral resources.
The fieldwork program consisted of line cutting a grid established over the
target areas followed by a geological survey; prospecting, rock stripping
and rock saw sampling. The geophysical survey consisted of radiometric and
magnetometer surveys over the area of the grid. A total of 44 kilometers of
grid lines were completed (cut, stationed and picketed) and a total of 67
rock saw samples and 24 grab samples were collected from the Cross
Structure zone as well as a cluster of anomalous radioactive zones that
were recently identified by Starfire.
All 91 rock samples were forwarded to ALS-Chimitec Laboratories ISO
9001:2000 in Val d ‘Or for sample preparation and uranium analysis.
Results of the samples give the following:
U308 Highlights of the results include:
Location lbs/short ton ppm Length
K Dyke 1.69 lb 716 3.5 meters
1.11 lb 472 2.0 meters
J Dyke 1.10 467 2.0 meters
1.06 448 3.0 meters
0.93 395 1.5 meters
L Anomaly 1.88 796 2.0 meters
2.26 957 (grab sample)
E Dyke 0.87 367 1.3 meters
Cross Structure dyke zone failed to return any significant values (i.e.
over 0.40 lb/st U3O8)
Please note: The complete results of the project will be available on
Starfire’s website at www.starfireminerals.ca.
All geophysical data of the project was recently sent to Geotronics in
Vancouver for geophysical interpretation and geophysical report.
It is expected that the comprehensive program of prospecting, technical
surveys and rock saw channel sampling along with the results from this
program will result in a recommendation for further exploration to be
tested by a diamond drilling program.
The management team of Starfire is pleased with the fieldwork program. A
detailed interpretation of the results and a plan for a winter drilling
program is underway by the project geologist Mr. Michel Proulx. The
geological report on this program will be released as soon as it becomes
available.
This news release was reviewed by Michel Proulx, P. Geo. M.Sc., OGQ,
Starfire’s Qualified Person as that term is defined in National Instrument
43-101 and the project geologist for the Cross Structure property.
ON BEHALF OF THE BOARD OF DIRECTORS
OF STARFIRE MINERALS INC.
‘Dan Mosher’
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Dan Mosher
President/CEO
(c)DGAP 29.11.2006
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