Starfire Nickel Inc., a division of Starfire Minerals Inc. has completed a review of its Langmuir South Property
Wednesday February 8, 1:45 pm ET
TSXV: SFR
VANCOUVER, Feb. 8 /CNW/ - Starfire Minerals Nickel Inc. a division of Starfire Minerals Inc. has received a technical report for its Langmuir South Property in Ontario, Canada. The report was prepared by Gerald Harron, P. Eng. of Ontario. Starfire Minerals also engaged A. Birkeland, P. Eng. of Arnex Resources Ltd. to conduct a field review of the property in January 2006.
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The property consists of 4 unpatented and unsurveyed contiguous claims comprised of 17 units covering a nominal 272 ha. in Langmuir Township, Porcupine Mining Division, Ontario. The claims are 100% owned by Starfire Minerals Inc. subject to a 2% net smelter royalty held by the vendors of the property. Surface rights are attached to all the claims.
The Langmuir Property is located about 25km southeast of Timmins, Ontario in the central part of Langmuir Township, Ontario. Vehicular access to the property is by forestry roads extending southeast from South Porcupine (Timmins) to the past producing Langmuir No. 2 Mine Site. From this point, a network of roads and trails provides easy access to all parts of the property.
The bedrock geology of the property is dominated by komatiite flows intercalated with tholeiitic basalts of the basal Tisdale Assemblage. Underlying Deloro Assemblage rocks, exposed in the axial regions of anticlinal structures, consist of calc-alkaline felsic to intermediate volcanic rocks with discontinuous sulphidic / graphitic iron formation and chert.
The Langmuir No. 2 Mine ore deposits are classic examples of Type I komatiite related deposits with associated Type II net textured sulphide mineralization in the overlying komatiitic flows and Type V vein type mineralization in the footwall rocks. The Langmuir No. 2 Mine is located about 500m north of Starfire's property.
Type I mineralization is characterized by thin sinuous layers of massive sulphides (less than 20% gangue minerals) overlain by thicker layers of net- textures sulphides (20-60% gangue minerals) and generally less than 5 million tonnes and contain between 2 and 5% Ni plus credits for Cu, Co, Au and PGE's. About 75-90% of the economic mineralization typically occurs as massive sulphide mineralization at the base of komatiite lava channels and the balance is related to net-textured sulphide mineralization and vein-like sulphides hosted in the overlying and underlying host rocks. For more details on the geology and mineralization types the reader is referred to the report titled "Qualifying Report on Langmuir South Property, Langmuir Township Ontario, for Starfire Minerals" filed on Sedar by the company.
The company's wholly-owned subsidiary, Starfire Nickel Inc., is planning to explore the property for additional nickel mineralization in the near future.
Based on the premise that the property is underlain by favorable host rocks as shown by the presence of the Langmuir No. 2 South Zone, located on the property near the northern claim boundary, a proposed Phase I budget of $310,000 is intended to complete a minor geophysical survey program and drill test electromagnetic conductors spatially related to South Zone mineralization, a 400m long zone of conductivity located southwest of the South Zone, another conductive zone located 300m to the southeast. A fourth drill target is a preliminary drill target of a komatiite located in the southeast corner of the property. A proposed Phase II budget of $850,000 is contingent upon favorable assay results being obtained in the Phase I program and will allow for an additional 10,000m of diamond drilling, which should provide sufficient detail to support a resource estimation. In total a $1,160,000 expenditure has been recommended to explore for economic nickel- copper-(PGE) mineraliztion on this property.
The South Zone of the Langmuir No. 2 deposit extends onto this property. A historical inferred resource of about 181,400 tonnes grading 1.5% Ni is thought to remain in the South Zone. It is estimated that approximately 100,000 tonnes of this historical resource resides on the Starfire property (Harron, 2006). While the stated historical inferred resource is considered relevant it cannot be verified by recent exploration programs and is not 43-101 compliant. The Company considers these estimates to be exploration targets that are conceptual in nature. (There has been insufficient exploration on these targets to define a mineral resource and it is uncertain if further exploration will result in the discovery of a mineral resource. These estimates should not be relied upon for investment purposes).
After reviewing the attributes of the property, GAHA (G.A. Heron & Associates Inc.) is of the opinion that the Langmuir property is an "Advanced Exploration Property". The property has substantial geological merit by virtue of the presence of a historical inferred resource, a record of past production on adjacent claims and geophysical indicators of potential mineralization.
This press release was reviewed and verified by G. Harron, P. Eng., the qualified person (QP) experienced in nickel exploration who authored the technical report for the Langmuir South Property.
Starfire Minerals Inc. includes uranium, nickel and precious & base metal divisions with properties in Ontario, Quebec and British Columbia.
§ ON BEHALF OF THE BOARD OF DIRECTORS OF
§ STARFIRE MINERALS INC.
§ "Freeman Smith"
§ --------------------------
§ Freeman Smith, Director
§ Qualified Person who has reviewed this