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Preliminary Titan 24 DICP results extremely encouraging at Porphyry Pearl
TSXV: SFR VANCOUVER, Aug. 27 /CNW/ - Management of Starfire Minerals Inc. (the "Company") is plea...
About this update from Sandfire Resources America Inc.
[{"type":"text","content":"\n\n\n\nTSXV: SFR\n\n\nVANCOUVER, Aug. 27 /CNW/ - Management of Starfire Minerals Inc. (the\n"Company") is pleased to report receipt of the preliminary results from the\nTitan DCIP (Direct Current Induced Polarization) survey conducted by Quantec\nGeoscience Ltd. on the PP Zone of the Company's Porphyry Pearl Copper - Gold\nProperty, as announced in the Company's news release of August 4th, 2009. The\nsurvey is Phase I of the program recommended in the NI 43-101 compliant report\nprepared by James A. Turner, P.Geo. The 14-claim, 6,024 hectare Porphyry Pearl\nProperty lies within the Toodoggone River Area of the Omineca Mining District,\napproximately 60 km north-northwest of Northgate Minerals Corporation's Kemess\nSouth Mine.\n\n\nThe Quantec survey was conducted with an "a-spacing" of 50 meters vs. 100\nmeters in the previous survey done in 2006. The closer a-spacing resulted in\nan increased data density over the previous survey by a factor of four, thus\ngreatly increasing the resolution to depths of 500 to 700 meters. As\nanticipated, this survey will allow much more precise targeting of Phase II\nfollow-up drilling planned to total 5,000 metres in 12-15 holes to extend the\nPP Zone.\n\n\nThe survey was conducted between August 5th and August 13th 2009 and\nconsisted of four 2.5-km lines spaced 400 meters apart on sections 3400, 3800,\n4200 and 4600 North and bracketing the 2007-2008 drilling on sections 3800 and\n3900 North. The preliminary results have been interpreted by the Company to\nindicate a significant chargeability anomaly over the entire 1,200 meter\nstrike that is open to the north and south, averaging approximately 400 meters\nwide and 220 meters thick at an average depth to the top of the anomaly of 130\nmeters. Significantly, the survey indicates that the 2007-2008 drilling\nprogram did not intersect the most chargeable portion of the anomaly, nor did\nit close off the target to the west. Of particular interest is section 4200\nNorth, where a 126-meter vertical hole (MM-2) drilled in 1974 by Sumac Mines\nLtd. and sampled in 1981 by Kidd Creek Mines Ltd. reports an average of 1.23\ng/t gold and 0.09% copper over 54.3 meters from 53.2 to 107.5 meters. The\nintersection lies approximately 50 meters to the west of the edge and outside\nof the interpreted chargeability anomaly. The analytical ...