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Starfield Resources Provides Development and Exploration Update

Geschrieben am 16.11.2006 - [Nächster Artikel]

Vancouver, November 16 (ots/PRNewswire) -

- Completes 110 Drill Holes in 2006 Program

Starfield Resources Inc. (TSX.V: SRU and OTC BB: SRFDF) today
provides an update on its ongoing development and exploration program
at its 100% owned Ferguson Lake Project.

Project Development and Assessment

To date, the company has completed 355 diamond drill holes on the
property, including 110 holes during 2006. Three diamond drills were
active on the property during 2006 and one diamond drill is currently
completing the remaining 6 holes of the 116 holes planned for the
2006 program. The focus of this year's drill program has been
delineation drilling in the "Potential Pit Area" and other selected
parts of the 4.2 kilometre long West Zone where previous work has
identified 8.7 Million tonnes of indicated resources and an
additional 53.2 Million tonnes of inferred resources at a 1% Cu+Ni
cutoff grade (Dr. N.C. Carter, May 15, 2006). Eight kilometres of
continuous geophysical conductors have been outlined on the West Zone
with only 4.2 kilometres continuously drilled.

Glen Indra, President & CEO of Starfield, commented "Starfield's
development program at its Ferguson Lake Project is at an important
transition point. Our focus has been to upgrade the current inferred
resources to indicated and measured resources. The next stage will be
to increase the global resources of the project as a basis for
economic assessment studies. Major magmatic Nickel-Copper Platinum
Group Metal (Ni-Cu-PGM) deposits the size of Ferguson Lake are rare
and difficult to find globally."

Drilling in 2006 consisted of 24,000 metres, with over 5400
one-metre core samples being submitted for analyses and assay. The
results will be compiled, integrated with previous drill results, and
released with updated property wide, NI 43-101, resource estimates
during 2007. The geological and resource models being developed will
form the basis of an assessment of the Ferguson Lake Property.
Starfield is currently advancing its hydrometallurgical testing
program, and has contracted SGS Mineral Services (Lakefield) to
conduct metallurgical test work and characterisation of samples from
three separate areas of the 4.2 kilometre West Zone sulphide
mineralisation. The project includes grindability testing,
flotation-concentrate production, and PLATSOL process evaluation of
'hydrometallurgically-produced' concentrate. It is anticipated that
both programs will provide recovery data, for base and precious
metals, to be utilised in an economic assessment.

Having received the required permit approvals from the Nunavut
Government, the Company continues to move forward in advancing the
property. Included in this season's estimated CDN$15 million
development and exploration expenditures, a new, all-season, base
camp and related facilities was built near the West Zone. During
2006, the mineral claims hosting the Ferguson Lake sulphide
resources, the new base camp, and the proposed airstrip have been
surveyed in preparation for application of a Mining Lease covering
this part of the property. Project planning and surveying, water
quality baseline sampling, soil and botany surveys and
archaeological investigations in preparation for future operational,
environment and permitting assessments have been completed by Rescan
Environmental Services Ltd.

The company has initiated a program of government and community
awareness in Nunavut and Manitoba.

Exploration Update

Dr. Al Miller, mineral deposits consultant to the company,
conducted geological investigations furthering his observations and
interpretation of the Ferguson Lake Igneous Complex (FLIC) developed
during the 2005 exploration season. Geological mapping, in
conjunction with recent geophysical interpretation on the west side
of Ferguson Lake, indicates that the layered igneous complex is
canoe-shaped with inward dipping limbs. Dr. Miller stated that "the
south-western limb of the complex is a layered intrusion
(meta-hornblendite and meta-gabbro) extending at surface from the
South Discovery Zone to the West Zone South over a distance of 6.8
kilometres. This newly mapped exposure hosts Nickel-Copper-PGM
bearing gossans and brecciated massive sulphide mineralisation which
are coincident with airborne magnetic and VTEM anomalies." Starfield
has tested this south-western limb trend with only a few shallow
holes. More detailed ground geophysics is warranted, as over 300
drill holes have defined the northern limb resources (which gives
similar geophysical responses).

Dr. Miller also identified aerially extensive gabbro-anorthosite
plutons on both sides of Ferguson Lake, and has discovered
disseminated base metal sulphide mineralisation with anomalous PGM
values hosted by anorthositic gabbro on the east side of Ferguson
Lake. This setting is similar to PGM mineralisation hosted in layered
complexes in Finland. The FLIC is now considered to be approximately
20 kilometres by 4.5 kilometres in size, which is comparable to other
important igneous complexes around the world that host magmatic
Ni-Cu-PGM deposits. Dr. Miller's igneous petrology-metallogeny study
report is scheduled for submission to Starfield by year end.

In addition to the ongoing diamond drill program, exploration
crews completed detailed follow-up and reconnaissance scale
geological mapping, prospecting/rock sampling, and till sampling.
This program focused on priority targets and target areas identified
in property scale airborne magnetic-VTEM geophysical surveys and in
rock and till surveys completed during 2005. A total of 138 rock
samples from outcrop have been submitted for assay and infill till
sampling resulted in another 781 samples being collected. New
mineralised outcrops have been discovered during the 2006 exploration
program, and anomalous base metal and palladium till target patterns
were further confirmed in this year's regional program.

Dr. Sally Goodman, SRK Consulting, evaluated the structural
setting and characteristics of the West Zone mineralisation. She
concluded that the FLIC mineralisation is hosted within a major
ductile fault zone within Archean basement. Based upon her analyses
and recommendations, fault zone geometry reconstruction has been
implemented to guide geological, geotechnical, and future mine
planning studies.

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
132,000 metres of diamond drilling in 355 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 mineralisation 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.

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.

www.starfieldres.com

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 or Leif Smither,
Starfield Resources, +1-877-233-2244
 
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