TSXV: SFR
VANCOUVER, April 25 /CNW/ - Starfire Minerals Inc. has demonstrated
widespread radioactivity, through a recent airborne survey, on its cross
structure property near Havre St. Pierre, Quebec, Canada. Terraquest Ltd., the
contractor, conducted state-of-the-art airborne radiometric, magnetometer, and
VLF (electromagnetic or EM) surveys over the entire property prior to snow
fall in late 2005.
The survey delineated multiple zones of anomalous radioactivity,
including two zones in areas of previous historical exploration for uranium.
Of particular significance for ground follow-up is the apparent correlation
between broadly folded metamorphic bands, defined by a high magnetic response,
and known areas of uranium mineralization. The folded favorable metamorphic
rocks cover about one half of the property including much of the western half
and the northeast corner. These anomalous belts are the zones of widespread
strata-controlled radioactivity but there are also numerous somewhat isolated
zones of strong radioactivity distributed in a general northwest band across
the central portion of the property.
The possibility of a lithostratigraphic control on the occurrence of
radioactive minerals will be assessed in the upcoming field season as part of
a conceptual geologic model that may yield targets to be evaluated as bulk
tonnage low grade open-pit mining situations. The rapidly increasing price of
uranium compels the evaluation of such potentially mineable zones for possible
production when prices reach substantially higher levels.
It is emphasized that despite historical exploration that has
demonstrated the presence of two mineralized bands for which tonnage and grade
were calculated at the time the property is in the early stage of exploration.
No mineral resources are known to exist on the property and there can be no
assurance that additional exploration will result in the delineation of any
mineral resources.
Subject to the availability of personnel and equipment field work is
anticipated to be carried out on this project in early summer.
Freeman Smith, P. Geo., a qualified person, and a director of the company
has reviewed this press release.
Starfire Minerals Inc is a professionally managed exploration company;
which has three wholly owned subsidiaries: Starfire Uranium Inc., Starfire
Nickel Inc., and Starfire Precious Metals Inc. Each division is focused on
exploration with its respective properties for uranium and nickel in the
Canadian provinces of Quebec and Ontario and more recently on precious and
base metals in British Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS OF
STARFIRE MINERALS INC.
"Dan Mosher"
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Dan Mosher
President/CEO
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