Starfield perseveres at Ferguson Lake

Starfield Resources (SRU-A) is proceeding with a second stage of exploration at its Ferguson Lake nickel-copper-cobalt-PGE property in the new Canadian territory of Nunavut.

The summer stage of the program began July 15 and is budgeted at $700,000.

Previously identified mineralization is hosted in westerly trending, northerly dipping hornblende units that are conformable with the enclosing Archean-aged, hornblende-rich gneisses. The principal unit of mineralization measured between 50 and 200 metres thick and has been traced east and west of Ferguson Lake over a strike length of 9 km.

In the 1950s, a subsidiary of Inco (N-T) identified a copper-nickel resource, which now stands at 6.4 million tonnes averaging 0.87% copper and 0.75% nickel.

Starfield’s summer program will consist of geological mapping of known mineralization and further geophysical surveys aimed at extending the 9-km-long zone along strike towards the east and west.

The company has also budgeted a minimum of 3,000 metres of diamond core drilling to test the mineralized zone at depth. Additional drilling to complete the $1.2 million phase-two program will be undertaken if weather conditions permit. The summer portion of the program is budgeted at less than $800,000.