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Starfire Minerals receives 43-101 report and results of airborne survey for Cross Structure property
Starfire Minerals receives 43-101 report and results of airborne survey for Cross Structure property.
About this update from Sandfire Resources America Inc.
[{"type":"text","content":"\n\n\n\n\nTSXV: SFR\n\nVANCOUVER, Dec. 12 /CNW/ - Starfire Minerals Inc. (TSXV: SFR) has\nreceived and posted on SEDAR the 43-101 report for its Cross Structure\nProperty in Havre St. Pierre, Quebec. The report includes a summary of the\npast works on the property whereby an existing resource was discussed. The\nreport also includes a review of the 2005 field program and the recently\nreleased airborne radiometric survey data and a proposed budget for the 2006\nfieldwork season.\nThe Cross-Structure property is located in the Middle North-Shore region,\nimmediately north of Highway 138 about 1000 km northeast of Montreal, 20 km\nwest of Aguanish and can be accessed by all terrain vehicles.\nPrevious geological works (1970s) on the mineralized structure revealed\nequivalent uranium scintillometer measurements up to 0.5 lbs U per ton. A\npreliminary mineralized volume calculation on what is known as the X-NW Zone\nrevealed 12,000,000 tons to a depth of 400 m. The Y-Z Zone to the immediate\nsoutheast of the X-NW Zone during the same program showed an estimate of\n2,000,000 tons at 0.5 lbs U per ton (these calculations are not 43-101\ncompliant).\n\n2005 EXPLORATION PROGRAM\n\nThe 2005 exploration program on the property successfully mapped and\nsampled the known main U-bearing pegmatite dyke that trends northeast\ncrosscutting the granite gneiss host rock. Fieldwork suggests two phases of\npegmatite dykes exist on the property; the first is medium grained,\nconformable and carries low uranium and higher thorium; the second phase is\nshown as a discordant medium grained pegmatite dyke 1.4 km long and up to five\nmeters wide and carries up to 0.42 lbs per ton uranium and higher values of\nthorium. The host rock is not mineralized. Unexpected gold values are\ndistributed in both pegmatite phases up to 0.62 g/tonne. The continuity of\n1.4 km of mineralized rock provides Starfire Minerals with an easily\nidentifiable target with high tonnage potential.\nThe distribution of gold in the pegmatite of up to 0.62 g/ton is not\ncorrelative with either uranium or thorium and is as high in the concordant\npegmatite dykes as in the crosscutting U-bearing pegmatite dykes. Gold may\noccur as free native grains and does not appear to be associated with\nsulphides.\nStarfire's property is immediately adjacent to the Doran uranium\nproperty. A press ...