SFR: TSX-V
VANCOUVER, June 7 /CNW/ - Starfire Minerals Inc. has received a 43-101 compliant Technical Report by Dr. N.C. Carter, PhD, P. Eng. which reviews the results of the 2006 Geophysical Surveys and recommends additional work, principally a diamond drill program, on the Porphyry Pearl copper-gold property. The complete technical report will be available at www.sedar.com and at the Company's website www.starfireminerals.ca
The property, which is situated in the Toodoggone mining district in northern British Columbia, consists of 6,000 hectares between 6 and 14 kilometres north of the Toodoggone River, some 300 kilometres north of Smithers, and approximately 60 kilometres northwest of the Kemess South Mine which is one of the largest copper-gold porphyry deposits in production in BC, owned and operated by Northgate Minerals Corp (NGX-T)
The 2006 program was conducted during the period August 8 to September 17 and consisted of approximately 60 line-kilometres of line cutting, approximately 50 line-kilometres of magnetometer and pole-dipole Induced Polarization ("IP") surveys, the results of which were previously released (January 10, 2007).
In his report, Dr. Carter recommends a first phase of five 600-metre diamond drill holes on selected targets in the Porphyry Pearl Zone that is expressed in the IP survey as a zone of anomalous chargeability over an area of approximately three and one-half kilometres by up to one kilometre in width. The estimated cost of the first phase program is $550,000. He notes that it is significant that the entire lengths of four 1991 drill holes average 0.28 gram/tonne gold and 0.02% copper and that two of the holes include intervals of 28 and 57 metres averaging 0.723 and 0.538 gram/tonne gold and 0.06% and 0.04% copper respectively. He also notes that enhanced gold and copper values within the system are found at hole depths in excess of 100 metres and that only two of the previous holes have tested the zone to depths of 200 meters. Dr. Carter also recommends additional surface prospecting and geological mapping in mineralized areas; consideration of deep IP surveys over the highest-priority target area, as well as an orientation partial-leach soil geochemical survey as an additional discriminator due to the up to 50 metre glacial till cover over much of the target area.
The contingent second phase recommended by Dr. Carter also consists of 3,000 metres of diamond drilling at an additional estimated cost of $550,000.
The qualifying person who reviewed this News Release is Philip J. Rush, P.Geo. a Director of Starfire Minerals Inc.
For further details on the Porphyry Pearl property, including past exploration work, please refer to the News Releases of January 17, 2006, March 20, 2006, and January 10, 2007 which are available on Starfire's website at www.starfireminerals.ca.
Starfire Minerals Inc. holdings include nickel, uranium 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.