Vancouver-based Starfield Resources (SRU-V) has tabled a preliminary inferred resource estimate for the 119 Zone on the Ferguson Lake polymetallic project, near Rankin Inlet in Nunavut.
At a cutoff grade of 2.5% combined copper and nickel, zone 119 is estimated to contain 1.6 million tonnes running 2% copper, 0.73% nickel, 0.085% cobalt, plus 2.2 grams palladium and 0.4 gram platinum per tonne.
When the cutoff drops to 1.5% combined copper and nickel, the zone’s estimated inferred resource grows to 5.8 million tonnes running 1.3% copper, 0.72% nickel, 0.09% cobalt, plus 2 grams palladium and 0.3 gram platinum per tonne.
Zone 119 was discovered last August about 800 metres west of the main West zone. Drilling has confirmed its continuity over a strike length of at least 400 metres.
So far Starfield has sunk about 10,400 metres of drilling on the zone.
The company is currently compiling all of its 2002 exploration data for revised property-wide resource estimate.
Further drilling is planned for April.
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