Re: Some More Questions
in response to
by
posted on
Mar 11, 2009 08:07AM
The Company has three main projects: a PGE project in Montana's Stillwater District; a copper project in California's historic Moonlight Copper Mining District; and a nickel-copper-cobalt-PGE project in Ferguson Lake, Nunavut.
Dear Shareholder,
Much of the information answered in the questions below is slightly technical in nature. If this is of interest to you, you may find the “Report on the Contribution to the Geology of Ferguson Lake Intrusive Complex” by Dr. Miller & Associates an informative read. It can be found on Starfield’s website, www.starfieldres.com, under the Project tab, then under Technical Reports. Should you have further questions of this nature, the management of Starfield Resources urges you to contact Connie Anderson, Manager of Investor Relations, at 416.860.0400 or canderson@starfieldres.com.
The following questions were answered by Ray Irwin, Vice President Exploration at Starfield Resources.
Q
The Y Lake area and the Ferguson Lake project, in your opinion, could these be connected somewhere?
A
The Ferguson Lake massive sulphide deposit is directly related to and hosted by a multiply deformed, perhaps structurally controlled, differentiated mafic intrusive emplaced into supracrustal rocks comprising the Archean Yathkyed greenstone belt. Since the Ferguson Lake massive sulphide deposit is located approximately 20 km north of the Y Lake trend, and may be somewhat younger than the rocks present in Y Lake, it seems unlikely that the differing styles of mineralization present in the two areas are connected at depth.
Q
In between the Y Lake and Ferguson Lake anomalies there is another line of anomalies, has this being looked at further?
A
In the past, Starfield Resources undertook exploration programs on the M zone, Anomaly 51 and Anomaly 51 Farside, which are located south of the East zone, as well as the West zone south located immediately south of the West zone. The mineralization encountered by drilling on these targets is similar in nature to the Ferguson Lake deposit represented by the West, Central and East zones, but thinner, lower grade and more erratic. I suspect that these zones represent one or more sulphide bearing horizons in a differentiated mafic intrusive like the Ferguson Lake deposit. In the 2008 program, Starfield Resources drilled one hole into the Grizzly trend, which is located approximately 6 km south of the West zone. Unlike the previously mentioned zones, this target includes several subparallel banded iron formations.
Q
Is it at all possible that this is also part of the connection between the two areas?(connected much deeper down) I know the Vtems do not penetrate deep enough to get the deeper sulphides and that is why I am asking.
A
It is possible that the Ferguson Lake deposit is hosted by the same or same age of differentiated mafic intrusive that hosts the M zone, Anomaly 51, Anomaly 51 Farside and the West zone south. This is not the case for Grizzly trend or the Y Lake trend, which are of a different style of mineralization and probably of different age.
Q
The land that is still being held by SRU, do you think the feeder zone could still be found on it? The old management always said that there had to be a feeder zone and that is why they picked up all the land. Are you still looking for a feeder zone?
A
The Ferguson Lake Project covers a very large area of highly prospective geology. The Starfield Resources exploration team is therefore evaluating the project for various commodities and deposit types.