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Starfire summarizes 2005 exploration program and proposes aggressive budget for 2006
Starfire summarizes 2005 exploration program and proposes aggressive budget for 2006.
About this update from Sandfire Resources America Inc.
[{"type":"text","content":"\n\n\n\n\nSFR: TSX-V\n\nVANCOUVER Nov. 14 /CNW/ - Starfire Minerals Inc. (SFR: TSX-V) announces\nfinal results of its successful exploration program on the Capri property\nlocated 140 km north of Ottawa. Encouraging results from the $600,000 2005\nprogram have Starfire management proposing a 2.5 million dollar budget for an\naggressive follow up program. Starfire proposes a phased 13,000 m drill\nprogram in 2006 on three mineralized zones. To date exploration indicates that\nnear surface mineralization is found at several locations that have been the\nsubject of past and present exploration. To ensure the best targets are being\npursued, an airborne survey of the entire property and newly acquired adjacent\nclaim blocks, is being proposed, as most of the property has not been\nexplored. The company is optimistic that the proposed 2006 program will\ndelineate several Uranium resources amenable to open pit mining.\nDuring the 2005 fieldwork season on the Capri property's grid I, II, and\nIII Starfire completed; 62 km of line cutting, ground radiometric surveys,\nmapping, stripping, surface trenching and sampling. Seventeen Hundred Meters\n(1,700 m) of drilling, in 21 holes on grid I, was also completed as shown in\nTable 1.\n\nCapri Property 2006\n\nStarfire proposes a two-phase program to be implemented following an\nairborne radiometric survey and prospecting of the whole Capri property.\nFollow-up sampling and trenching shall be carried out on the new discoveries\nprior to drilling on the property.\nPhase I: On Grid I a 2,000 m drilling program, on zones II and IV, is\nbeing proposed to define a mineralized resource; On Grid II, further line\ncutting, stripping and channel sampling are necessary to further define\nmineralized targets; On Grid III, further stripping and sampling will allow to\nquickly detail already known mineralized targets. A 1,000 m drill program will\nlikely permit a preliminary resource calculation.\nPhase II: Following positive Phase I results, a 10,000 m drill program is\nproposed on the three grids and a further advanced resource calculation will\nbe performed. Table 1 shows the preliminary budget for the Capri property for\nthe 2006 fieldwork season.\n\n>\n\n\n","length":40435,"tagName":"div"}]