Trading Symbol: SFR: TSX-Venture
VANCOUVER, June 25 /CNW/ - Starfire Minerals Inc. and Starfire Precious Metals Inc., a division of Starfire Minerals Inc., are pleased to announce a diamond drill program is to be conducted on the Porphyry Pearl Property which is situated in the Toodoggone mining district in northern BC. The company's field operator, Arnex Resources Ltd has signed an agreement with Black Hawk Drilling Ltd, based in Smithers BC, to conduct a minimum of 3,000 metres, and up to a maximum of 6,000 metres of NQ core drilling on the property during the 2007 field season. This drill program and expanded work on the project is in conjunction with the recommendations of a recent 43-101 compliant technical report by Dr. N.C. Carter, PHD, P.Eng and a detailed geophysical report of Peter E Walcott & Associates Ltd.
A camp accommodating up to 20 workers that was located on the property during the 2006 field season to support the recent geophysical surveys will be re-established when access and snow-pack conditions permit, probably mid July. Drilling is scheduled to commence shortly thereafter.
The Property occupies an area of 6000 hectares and is located approximately 10 kilometres north of the Toodoggone River, some 300 kilometres north of Smithers. The Property lies within a northwest trending belt of upper Triassic to lower Jurassic volcanic rocks intruded by granitic to monzonitic rocks of early Jurassic age. Porphyry copper-gold occurrences are numerous within the belt. The geologic and metallogenic setting at the Porphyry Pearl property is similar in nature to the Kwanika Creek property, currently being explored by Serengeti Resources Inc, which is located in the southern portion of the belt and also similar to the Kemess South Mine and Kemess North deposit located 55 kilometres south of the property (See link to Regional Geology and Location Map - Porphyry Pearl Property at http://files.newswire.ca/607/PPearlRegionalMap.pdf).
Property holdings of Starfire Minerals Inc. include uranium, nickel and precious & base metal divisions with properties in Ontario, Quebec and 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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