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Starfield Resources Completes First 47 Drill Holes of its 2006 Program

Geschrieben am 10.08.2006 - [Nächster Artikel]

Vancouver, Canada (ots/PRNewswire) - Starfield Resources Inc.
(TSX.V: SRU and OTC BB:SRFDF) announced that its Ferguson Lake
Project's phase one 2006 program of delineation-infill drilling on
the west side of Ferguson Lake and regional exploration throughout
its 1.3 million acre, mineral district-scale, property is underway.
Three diamond drills are currently operating on the property and to
date 47 holes have been completed. The delineation-infill drill
program targeting the 2.6 kilometer strike extent of the exposed
Ni-Cu-Co-Pd-Pt -bearing sulphide mineralization of the West Zone's
potential "Pit Area" and the covered West Zone extension is part of
the program. Approximately 26,000 meters of drilling from more than
100 holes are planned between grid lines L 38+00W and L 64+00 W.

At the conclusion of the phase one program, compiled assay results
are scheduled to be released as revised 2006 resource estimates. The
Company's drill strategy is to continue to enhance the "measured and
indicated" categories of resources throughout the West Zone utilizing
a recommended closer drill spacing pattern. Conversion of portions of
the current "inferred" category resources to higher category
resources is an objective designed to increase asset evaluations of
the project while defining an initial viable mine life and
maximizing shareholder value.

Regional exploration crews are now conducting detailed follow-up
geological mapping, prospecting, rock and till sampling, ground
geophysical surveys and diamond drilling. This continuing program is
focused on priority targets identified in the 2005 regional airborne
magnetic-VTEM and till surveys. The objective is to successfully
develop anomalous targets to encourage participation in the further
exploration and development of the 1.3 million acres of 100%
Starfield owned mineral claims, which surround the Ferguson Lake
magmatic sulphide mineralization.

Corporate Update

On Thursday, July 27th, 2006 Starfield's Board of Directors held a
meeting in Calgary, Alberta that was followed the next day by the
Company's Annual General Meeting of shareholders. All directors and
officers were present at both meetings, including newest additions
Dr. Norman Betts, director, and Mr. David Lewis, CFO. At the AGM all
resolutions were passed and attendees were given a project review
and update of the Ferguson Lake Project,business developments and
company plans for the future.

The company intends to review its extensive property holdings at
the end of this season's program with the objective of prioritizing
the next stage in the drill program and encouraging the participation
of more senior companies with a view toward maximizing shareholder
value.

The Ferguson Lake sulphide mineralization is considered to be a
prime candidate for modern hydrometallurgical ore processing.
Compared to conventional ore-smelting processing, hydrometallurgy is
more efficient as high value metal products are produced at the mine
site for shipment and the process is considered environmentally
friendly.

Proposed commercially available hydrometallurgical processes will
continue to be tested worldwide. Positive model and test results of
the Company's own envisioned hydrometallurgical processing have
prompted the program to advance to a continuous circuit leaching
stage. Currently, 450 kilograms of massive sulphide mineralization
from the "Pit Area" are being leached and prepared for further
processing.

The Company plans to commission an independent Canadian
engineering firm to prepare a Preliminary Economic Analyses Study
(prefeasability) of the Ferguson Lake project as a prerequisite to
planning a full feasibility study. This study will incorporate the
previous work by Pincock Allen and Holt and all (2005) and newly
acquired 2006 drill program results.

The Company is moving forward in developing the project and the
property. On the West side of Ferguson Lake a newly permitted,
all-season, camp has been built approximately 1.5 kilometers north
of the West Zone. The mineral claims hosting the identified metal
resources, the new camp facilities and the proposed new gravel
airstrip have been legally surveyed in preparation for application
for mining lease status for this portion of the property. Rescan
Environmental Services Ltd. are continuing water quality baseline
sampling, soil and botany surveys, project site planning and
archaeological investigations on these mineral claims in preparation
for the future operational, environment and permitting assessments.

Starfield Resources is committed to strengthening its management,
advisors and project development team and raising the profile of
awareness in the investment community. As a consequence, it continues
professional consultancy or staffing contracts with: SRK Consulting
(North America) Inc.,-structural geology-3D ore models; Condor
Consulting Inc.,-3D inversion geophysical models; Jamie Lavigne
-economic resource ore models; Dr. Al Miller-regional
mapping-economic geology; Ron Malashewshi and Denise
Burlingame-coordinating Community and Governmental Affairs; Equicom
Group-investor relations; Fasken, Martineau, DuMoulin,
LLP-solicitors; and Davidson & Company- auditors.

The progress already made in 2006 shows that the company is
advancing the project's resource assets and property development.
The current work program of CND$7.6 million as set out in the 2006
43-101 Technical Report and property improvements has been funded
from the planned budget which extends, with monies in hand, the
future development of the Ferguson Lake project and property into
2007.

About Starfield

Starfield Resources Inc. is an advanced exploration and
development company focused on its Ferguson Lake
Copper-Nickel-Cobalt-Palladium-Platinum property located in Nunavut,
Canada. The Ferguson Lake property covers more than 1.3 million acres
and is 100% owned by the Company. Since 1999, Starfield has
completed 108,000 metres of diamond drilling in 243 holes. A NI
43-101 technical report dated May 15, 2006 by N.C. Carter PhD.,
P.Eng. was filed on SEDAR and on the Starfield website on May 25,
2006. A developing feature of this mineral district is the
significant discovery of high grade platinum and palladium
mineralization found in the footwall to the massive sulphide
deposit. Starfield's Ferguson Lake Project is unfolding as Nunavut's
largest ongoing base and precious metal project.

On behalf of the Board of Directors,

"Glen C. Macdonald"

Glen C. Macdonald, P. Geo., Director

(Glen Macdonald is the Qualified Person under National Instrument
43-101 responsible for preparing the technical disclosure in this
news release)

Caution concerning forward-looking statements

---------------------------------------------

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. The TSX Venture Exchange
has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release.

This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the United
States. The securities have not been and will not be registered under
the U.S. Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or sold
within the United States or to U.S. Persons unless registered under
the U.S. Securities Act and applicable securities laws or an
exemption from such registration is available.

ots Originaltext: Starfield Resources Inc.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Michael Joyner, The Equicom Group,
+1-(416)-815-0700 ext. 275, mjoyner@equicomgroup.com; Leif Smither,
Starfield Resources, 1-877-233-2244, www.starfieldres.com
 
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