SFR: TSX-V
VANCOUVER, Dec. 11 /CNW/ - Starfire Minerals Inc. (the Company) is pleased to announce that the Qualified Person for the Cross Structure Property has recommended a Phase 1 diamond drill program of 1500 to 2000 meters to explore the targets identified from recent work on this property.
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.
Each probed hole will be the subject of a survey of spectral diagraphics gamma along the hole, with an aim of recognizing the radioactive components (U, Th, K, Total) and the thicknesses of mineral-bearing lithologies.
The budget for this phase of the project is $350,000
Mr. Michel Proulx, P. Geo. M.Sc., OGQ, has recommended the Company initially explore the "K" and "J" zones on the north-easterly part of the property, which is easily accessible.
Chemical assays from ALS-Chimitec Laboratories last month confirmed the presence of U308 in 5 samples from these zones as outlined below:
Location lbs/short ton U3O8 ppm U 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
Cross Structure is a low grade, high tonnage uranium target with historical resource 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 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.
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