Business
Starfire Receives Preliminary Report Indicating Positive Results from Geophysical Surveys Conducted on the Stobie Lake Uranium Property
Starfire Receives Preliminary Report Indicating Positive Results from Geophysical Surveys Conducted on the Stobie Lake Uranium Property.
About this update from Sandfire Resources America Inc.
[{"type":"text","content":"\n\n\n\nTSXV: SFR\n\n\nVANCOUVER, April 18 /CNW/ - Starfire Minerals Inc. is pleased to announce\nit has received a favorable report dated April 5, 2007 "Geophysical Report on\nthe Radiometric and Magnetic Survey on the Stobie Lake Uranium Property in the\nSudbury Mining Division, Ontario." The report was prepared by David Mark,\nP.Geo. of Geotronics Consulting Inc., and the data from the survey was\ncollected under his direction.\n\n\nThis survey was completed during March, 2007 to follow up the results\nfrom an airborne magnetic, radiometric, and VLF-EM survey flown by Terraquest\nin late October - early November, 2006 that covered the entire property.\n\n\nManagement Summary:\n\n\nSurface radiometric and magnetic surveys were carried out during the\nMarch of 2007 within a western portion of the Stobie Lake Uranium Property\nlocated 57 km north-northeast of the city of Sudbury, Ontario, within Grigg\nand Stobie townships. The purpose of the radiometric survey was to confirm and\nrefine the airborne radiometric anomalies. The purpose of the magnetic survey\nwas to aid in the geological interpretation of the property.\n\n\nThe survey was based on cut lines at 100-meter intervals and stations\nwere read at 12.5-meter intervals. The radiometric survey was carried out with\nan EDA differential spectrometer taking total count readings as well as\npotassium, uranium and thorium readings over highly anomalous areas. The\nmagnetic survey was carried out with two Gem Systems, GSM-19 proton precession\nmagnetometers, one being used for monitoring diurnal variation.\n\n\nResults:\n\n\nThe ground survey clearly identified four radiometric targets within the\npreviously-identified airborne anomaly for further exploration. The main\nradiometric anomaly ("A") strikes north-northeasterly for a distance of\n450 meters and is about 200 meters wide. Radiometric anomaly "B" occurs within\nthe northwestern corner of the survey and is part of a much longer airborne\nanomaly that is 900 meters long. Radiometric anomaly "C", 200 meters by\n150 meters, occurs in the southeast corner of the survey. Radiometric anomaly\n"D" occurs 150 meters to the north of anomaly C. and is about 250 meters long\nby 175 meters wide.\n\n\nFollow-up:\n\n\nA program of mapping and prospecting is planned to assess the\nsigni...