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Starfire Receives Preliminary Report Indicating Positive Results from Geophysical Surveys Conducted on the Porphyry Pearl Property
Starfire Receives Preliminary Report Indicating Positive Results from Geophysical Surveys Conducted on the Porphyry Pearl Property.
About this update from Sandfire Resources America Inc.
[{"type":"text","content":"\n\n\n\nTSX.V: SFR\n\n\nVANCOUVER, Jan. 10 /CNW/ - Starfire Minerals Inc. has received very\nencouraging results documented in a Preliminary Report by Peter E. Walcott and\nAssociates from Geophysical Surveys conducted during the 2006 field season on\nthe Porphyry Pearl property.\n\n\nThe property, which is situated in the Toodoggone mining district in\nnorthern British Columbia, consists of 6000 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\nA line cutting and geophysics program was conducted during the period\nAugust 8 to September 17, 2006 by up to a 20 person crew. A base camp was\nestablished on the property. The camp was serviced by fixed wing aircraft from\nSmithers to Sturdy Strip and then by helicopter between Sturdy Strip and the\nbase camp. Expenditures were in excess of $500,000.\n\n\nLine cutting established a 6.4 kilometre long northwesterly oriented\nbaseline with 26 cross lines at 200 metre to 400 metre line spacing for a\ntotal of approximately 60 line-kilometres of line cutting.\n\n\nA proton magnetometer survey was conducted over approximately 50\nline-kilometres of the grid. A pole-dipole Induced Polarization (\"IP\")\nchargeability and resistivity survey was also conducted over the same area\nusing first to sixth separations with 100 metre dipole spacing.\n\n\nThe results showed a strong chargeability response that is associated\nwith the Porphyry Pearl showing area. The anomalous zone that encompasses this\nresponse is some three kilometres in length and up to greater that one\nkilometre in width. The anomaly strikes 330degrees and lies along the east\nside of Moosehorn Creek. The magnetometer survey shows a northwesterly\nstriking linear magnetic low generally corresponding with Moosehorn Creek that\nis flanked by magnetic highs that are coincident with the IP anomaly. It is\ninterpreted that the magnetic low is due to a major regional fault and that\nthe magnetic highs and coincident chargeability anomaly (with corresponding\nresistivity low) may represent prospective porphyry style sulphide\nmineralization adjacent to the regional fault. Fr...