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Attention Business Editors:
Starfire intersects 9.21% Nickel over 1.27 meters and 4.48% Nickel over 5.55 metres on Langmuir Township property
VANCOUVER, Jan. 2 /CNW/ - Starfire Minerals Inc. is pleased to announce
the intersection of high grade nickel mineralization on the Company's 100%
owned Langmuir Nickel project near Timmins, Ontario. The Company has completed
drilling an additional three holes to test South Zone mineralization, during
December 2006.
The South Zone was discovered in the late 1970's by the INCO-Noranda
joint venture that operated the Langmuir No. 2 deposit. In 1989, Timmins
Nickel Ltd. drilled 4 holes into the South Zone confirming the down plunge and
strike extension of the deposit.
The first two diamond drill holes from December 2006 (EL-06-01&02) were
drilled to test a down-hole anomaly located by Timmins Nickel in 1990,
approximately 150 metres west of any previously located mineralization. The
komatiite-dacite contact was weakly mineralized in both holes with the best
result in hole No. 2 grading 0.31% Ni over a core length of 1.5 metres.
The third hole (EL-06-03) was a 30 metre step-out west from Timmins
Nickel hole L-89-01 that intersected 4.88% Ni over a core length of 1.85
metres. The L-89-01 information is prior to implementation of NI 43-101
standards. Any historical information provided is for reference only and the
reader should not infer or assert that the information is correct, reliable,
relevant or accurate and should not be relied upon.
Hole (El-06-03) intersected massive, net textured and disseminated
pentlandite and millerite from 424.35 m to 429.90m. The entire section
averaged 4.48% Nickel, 0.37% Copper and 0.044% Cobalt over a core length of
5.55 metres. True width of the intersection is estimated at 60-65% of the core
length.
A breakdown of the intersection is as follows:
<<
--------------------------------------------------
From (m) To (m) Length (m) % Nickel % Copper % Cobalt
--------------------------------------------------
424.35 425.62 1.27 9.21 0.68 0.137
--------------------------------------------------
425.62 426.24 0.62 3.66 0.105 0.024
--------------------------------------------------
426.24 427.30 1.06 3.38 0.029 0.014
--------------------------------------------------
427.30 428.00 0.70 0.79 0.022 0.004
--------------------------------------------------
428.00 428.90 0.90 0.97 0.170 0.005
--------------------------------------------------
428.90 429.90 1.00 5.90 0.920 0.032
--------------------------------------------------
>>
Assays were performed on split BQ-size core by Swastika Labs of Swastika,
Ontario. The analytical method is aqua regia digestion with atomic absorption
spectrometric determination. Assays for Platinum Group Elements are still
pending.
This intersection was located at a vertical depth of 390 metres at the
komatiite-dacite contact.
Drilling will continue in early 2007 to test the strike length and up-dip
expression of the deposit. Additional fieldwork will include down-hole
geophysical surveys and additional grid cutting and survey work.
Starfire's Qualified Person as that term is defined in National
Instrument 43-101 and project geologist for this property is Mr. Gerald
Harron, P. Eng. of Toronto, Ontario.
ON BEHALF OF THE BOARD OF DIRECTORS OF
STARFIRE MINERALS INC.
-------------------------------
Dan Mosher
President/CEO
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