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Starfire Receives Independent Report Recommending 2-Phase Diamond Drill Program on the Porphyry Pearl Property
Starfire Receives Independent Report Recommending 2-Phase Diamond Drill Program on the Porphyry Pearl Property.
About this update from Sandfire Resources America Inc.
[{"type":"text","content":"\n\n\n\nSFR: TSX-V\n\n\nVANCOUVER, June 7 /CNW/ - Starfire Minerals Inc. has received a 43-101\ncompliant Technical Report by Dr. N.C. Carter, PhD, P. Eng. which reviews the\nresults of the 2006 Geophysical Surveys and recommends additional work,\nprincipally a diamond drill program, on the Porphyry Pearl copper-gold\nproperty. The complete technical report will be available at www.sedar.com and\nat the Company's website www.starfireminerals.ca\n\n\nThe property, which is situated in the Toodoggone mining district in\nnorthern British Columbia, consists of 6,000 hectares between 6 and\n14 kilometres north of the Toodoggone River, some 300 kilometres north of\nSmithers, and approximately 60 kilometres northwest of the Kemess South Mine\nwhich is one of the largest copper-gold porphyry deposits in production in BC,\nowned and operated by Northgate Minerals Corp (NGX-T)\n\n\nThe 2006 program was conducted during the period August 8 to September 17\nand consisted of approximately 60 line-kilometres of line cutting,\napproximately 50 line-kilometres of magnetometer and pole-dipole Induced\nPolarization ("IP") surveys, the results of which were previously released\n(January 10, 2007).\n\n\nIn his report, Dr. Carter recommends a first phase of five 600-metre\ndiamond drill holes on selected targets in the Porphyry Pearl Zone that is\nexpressed in the IP survey as a zone of anomalous chargeability over an area\nof approximately three and one-half kilometres by up to one kilometre in\nwidth. The estimated cost of the first phase program is $550,000. He notes\nthat it is significant that the entire lengths of four 1991 drill holes\naverage 0.28 gram/tonne gold and 0.02% copper and that two of the holes\ninclude intervals of 28 and 57 metres averaging 0.723 and 0.538 gram/tonne\ngold and 0.06% and 0.04% copper respectively. He also notes that enhanced gold\nand copper values within the system are found at hole depths in excess of 100\nmetres and that only two of the previous holes have tested the zone to depths\nof 200 meters. Dr. Carter also recommends additional surface prospecting and\ngeological mapping in mineralized areas; consideration of deep IP surveys over\nthe highest-priority target area, as well as an orientation partial-leach soil\ngeochemical survey as an additional discriminator due to the up to 50 metre\nglacial ...