TSXV: SFR
VANCOUVER, Aug. 6 /CNW/ - Management of Starfire Minerals Inc. (the "Company") is pleased to report that it has commenced Phase I of the program recommended in the NI 43-101 compliant report prepared by James A. Turner, P.Geo. covering the Company's Porphyry Pearl Copper-Gold Project in the Omineca Mining District, British Columbia. The report was made public on August 4, 2009 and can be found at www.sedar.com. and on Starfire's website at www.starfireminerals.ca.
The Company's Porphyry Pearl Property lies within the Toodoggone River Area approximately 60 km north-northwest of Northgate Minerals Corporation's Kemess South Mine and consists of 14 mining claims covering approximately 6,024 hectares.
Mr. Turner's report recommends a two phase program. Phase l consists of detailed high-resolution IP bracketing the area of the significant drill intersections (see previous release) for the purpose of increasing the effectiveness of subsequent hole targeting. Accordingly, Quantec Geoscience Limited mobilized to the Property on August 5th to conduct a Titan 24 DCIP (Direct Current Induced Polarization) survey on four lines totaling 10 kilometers with a dipole spacing of 50 meters using the existing geophysical grid. A case history using this technology for copper porphyry exploration at Northgate Minerals Kemess North Zone is referenced at Quantec's website. (www.quantecgeoscience.com).
It is anticipated that this survey will allow more precise targeting of Phase II follow-up drilling planned to total 5,000 metres in 12-15 holes to extend the Porphyry Pearl Zone laterally. Drilling to date on the Porphyry Pearl Zone has indicated a mineralized body over a strike of 240 meters and a width of at least 70 meters to a depth of 350 meters below the bedrock / overburden interface, the average depth of the overburden being 34 meters. The zone is open to the northwest, southeast and southwest, as well as to depth. The Qualified Person for purpose of this news release is Mr. Philip J. Rush, P.Geo.
Starfire Minerals Inc. includes 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"
Dan Mosher
President/CEO
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward Looking Information
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Certain information regarding the Company set forth in this press release, including the use of proceeds, and management's assessment of the Company's future plans and operations contain forward looking information that involve substantial known and unknown risks and uncertainties. The forward looking information is subject to numerous risks and uncertainties, some of which are beyond the Company's and management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, imperfection of reserve estimates, environmental risks, industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. The Company's actual results, performance or achievement could differ materially from those expressed in or implied by, the forward looking information and accordingly, no assurance can be given that any of the events anticipated to occur or transpire form the forward looking information will provide any benefits to the Company.