SFR: TSX-V
VANCOUVER, Nov. 27 /CNW/ - Starfire Minerals (the company) is pleased to
announce that the chemical report for the 2006 field program has outlined the
potential for substantial uranium mineralization on their Cross-Structure
Property in Havre St. Pierre, Quebec, Canada. The Cross Structure property is
located in the south-eastern part of Quebec, along the north shore of the Gulf
of St. Lawrence, and about 25 kilometers west of Aguanish and 106 kilometers
east of Havre St-Pierre.
The fieldwork program was designed to test the Cross Structure dyke zone
previously identified by Aguanish Uranium Inc in 1977. The program was also
designed to test fourteen radiometric targets delineated by Starfire during
the 2005 airborne survey over the property area. Cross Structure is a low
grade, high tonnage uranium target with historical reserve estimates from
previous work prior to implementation of NI 43-101 standards. Any historical
information provided is for reference only and the reader should not infer or
assert that the information is correct, reliable, relevant or accurate and
should not be relied upon. The present program was the first attempt to test
the surface potential of all previous and recent delineated uranium
mineralization on the property.
The historical exploration on the property has demonstrated the
possibility of low grade high tonnage uranium mineralization; however the
property is still 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.
The fieldwork program consisted of line cutting a grid established over
the target areas followed by a geological survey; prospecting, rock stripping
and rock saw sampling. The geophysical survey consisted of radiometric and
magnetometer surveys over the area of the grid. A total of 44 kilometers of
grid lines were completed (cut, stationed and picketed) and a total of 67 rock
saw samples and 24 grab samples were collected from the Cross Structure zone
as well as a cluster of anomalous radioactive zones that were recently
identified by Starfire.
All 91 rock samples were forwarded to ALS-Chimitec Laboratories ISO
9001:2000 in Val d'Or for sample preparation and uranium analysis. Results of
the samples give the following:
<<
U308 Highlights of the results include:
Location lbs/short ton ppm Length
K Dyke 1.69 lb 716 3.5 meters
1.11 lb 472 2.0 meters
J Dyke 1.10 467 2.0 meters
1.06 448 3.0 meters
0.93 395 1.5 meters
L Anomaly 1.88 796 2.0 meters
2.26 957 (grab sample)
E Dyke 0.87 367 1.3 meters
>>
Cross Structure dyke zone failed to return any significant values (i.e.
over 0.40 lb/st U3O8).
Please note: The complete results of the project will be available on
Starfire's website at www.starfireminerals.ca.
All geophysical data of the project was recently sent to Geotronics in
Vancouver for geophysical interpretation and geophysical report.
It is expected that the comprehensive program of prospecting, technical
surveys and rock saw channel sampling along with the results from this program
will result in a recommendation for further exploration to be tested by a
diamond drilling program.
The management team of Starfire is pleased with the fieldwork program. A
detailed interpretation of the results and a plan for a winter drilling
program is underway by the project geologist Mr. Michel Proulx. The geological
report on this program will be released as soon as it becomes available.
This news release was reviewed by Michel Proulx, P. Geo. M.Sc., OGQ,
Starfire's Qualified Person as that term is defined in National Instrument
43-101 and the project geologist for the Cross Structure property.
ON BEHALF OF THE BOARD OF DIRECTORS
OF STARFIRE MINERALS INC.
"Dan Mosher"
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Dan Mosher
President/CEO
