Exhibit 99.1
News release via Canada NewsWire, Toronto 416-863-9350
Attention Business Editors:
Starfield Resources Announces 2010 Exploration Plans For Stillwater
Project
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE U.S/
PGM targets and VEZ zone to be main focus
TORONTO, Feb. 25, 2010 /CNW/ - Starfield Resources Inc. ("Starfield" or
the "Company") (TSX: SRU) today announced plans for a six-hole diamond
drilling program in the summer of 2010 at the Company's Stillwater Project in
south central Montana.
The Stillwater project, located 129 kilometres west-southwest of
Billings, consists of 50 patented and 763 unpatented lode claims totaling
approximately 15,670 acres. Starfield's land position covers a significant
part of the Stillwater Complex along 38 kilometres of strike length and is
immediately adjacent to Stillwater Mining Company's (SMC) platinum-palladium
producing JM Reef.
The Stillwater Complex is a large differentiated, mafic-ultramafic
layered intrusion that is analogous in terms of the intrusive stratigraphic
sequence and magmatic metalliferous horizons to the Bushveld Complex in South
Africa. The JM Reef reportedly has proven and probable reserves of 42.4
million tons at a grade of 18.8 g/t platinum + palladium (Pt+Pd). Based on the
geologic setting and previous exploration results, Starfield believes its
large land position covers several high potential platinum group metal (PGM),
copper-nickel-cobalt (Cu-Ni-Co) and chrome (Cr) exploration targets.
During the 2010 summer field program, Starfield plans to focus on two PGM
targets. The Company has budgeted up to $750,000 for the program, which
includes drilling approximately 1,000 metres of core in six angled holes, plus
geologic mapping and geochemical sampling. The PGM targets, at elevations
ranging from 2,590 metres to 2,896 metres, include:
<<
- The Volatile Enriched Zone (VEZ) located at the top of the Ultramafic
Series
- A potentially high grade, discordant dunite body cross cutting the
Ultramafic Series
>>
The VEZ horizon is considered by Starfield geologists to be largely
magmatic in origin, and as such is thought to have considerable size
potential. It is a graphite/sulfide-bearing horizon that is subparallel to and
is located 150 to 400 metres down section (south) of the JM Reef currently
being mined by SMC. Although the VEZ is often masked by thin but extensive
glacial till cover, a helicopter-borne electromagnetic and aeromagnetic survey
flown in 2000 indicated the VEZ exhibits a nearly continuous conductivity
anomaly. This conductivity anomaly is believed to represent sulphide
mineralization approximately 12 kilometres in length west of the Stillwater
River. The drilling program is designed to follow-up on previous surface
samples that averaged 18.3 g/t Pt+Pd with an average Pd:Pt ratio of 2.5:1. The
Company plans to drill five angled diamond drill holes in the VEZ.
The second PGM drill target in the 2010 exploration program is a
PGM-bearing discordant dunite body, approximately 250 metres in diameter
located in the Crescent Creek area. This intrusive body may be analogous to
strongly mineralized, discordant dunite bodies present in the Bushveld
Complex. Previous rock chip grab samples from the Crescent Creek dunite area
reportedly returned combined Pt+Pd grades in excess of 80 g/t. Additionally,
this target possesses a strong PGM soil geochemical anomaly that is 900 metres
by 300 metres in size. Starfield plans to drill one angled core hole through
this body to test the PGM content.
"Starfield is currently working with the state of Montana and federal
agencies to obtain exploration permitting for the 2010 program," said Ray
Irwin, Vice President of Exploration. "Permits should be in place by
mid-summer, and we plan to begin drilling in August."
The technical information in this news release has been reviewed by Ray
Irwin, BSc, P.Geo, a Qualified Person in accordance with National Instrument
43-101.
About Starfield
Starfield Resources Inc. is an exploration and development stage company
exploring for copper, nickel, and platinum group elements (PGE) in North
America. 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 copper/nickel/cobalt/PGE project in Ferguson
Lake, Nunavut. Additional assets include a diamond joint venture in Nunavut,
additional copper/nickel/chrome projects in Montana, and a portfolio of eight
gold properties in Nevada that are currently under joint venture agreement.
Starfield is also funding the development of a novel, environmentally friendly
and energy efficient hydrometallurgical process to recover metals from massive
sulphides.
Forward-Looking Statements
This news release may contain certain information that constitutes
forward-looking statements. Forward-looking statements are frequently
characterized by words such as "plan," "expect," "project," "intend,"
"believe," "anticipate" and other similar words, or statements that certain
events or conditions "may" or "will" occur. Forward-looking statements are
based on the opinions and estimates of management at the date the statements
are made, and are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from
those projected in the forward-looking statements. These factors include the
inherent risks involved in the exploration and development of mineral
properties, the uncertainties involved in interpreting drilling results and
other geological data, fluctuating metal prices and other factors described
above and in the Company's most recent annual information form under the
heading "Risk Factors" which has been filed electronically by means of the
Canadian Securities Administrators' website located at www.sedar.com. The
Company disclaims any obligation to update or revise any forward-looking
statements if circumstances or management's estimates or opinions should
change. The reader is cautioned not to place undue reliance on forward-looking
statements.
Starfield Resources Inc. investors may also participate in the Company's
online community at http://www.agoracom.com/ir/Starfield.
<<
www.starfieldres.com
>>
%CIK: 0001074795
/For further information: Andre J. Douchane, President and CEO, (416)
860-0400 ext. 222, adouchane(at)starfieldres.com; Greg Van Staveren, Chief
Financial Officer, (416) 860-0400 ext. 223, gvanstaveren(at)starfieldres.com;
Connie Anderson, Investor Relations, (416) 860-0400 ext. 228,
canderson(at)starfieldres.com/
(SRFDF SRU.)
CO: Starfield Resources Inc.
CNW 07:30e 25-FEB-10
