Exhibit 99.1
News release via Canada NewsWire, Toronto 416-863-9350
Attention Business Editors:
Starfield Resources Details 2010 Exploration Program At Ferguson Lake
<<
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE U.S./
>>
Drilling and ground reconnaissance planned for Y Lake Area
TORONTO, Aug. 23, 2010 /CNW/ - Starfield Resources Inc. (TSX: SRU)
("Starfield", "the Company") today announced details of its 2010 exploration
program in the highly prospective Y Lake area of the Company's Ferguson Lake
project in Nunavut.
The Y Lake area is located 20 to 25 kilometres south of the Ferguson Lake
deposit, and is underlain by a mixed package of Archean rock, including banded
iron formations, comprising the northeast continuation of the Yathkyed
greenstone belt. A project wide VTEM survey conducted in 2005 and a detailed
follow-up DIGHEM EM survey of the Y Lake area flown in 2009 have defined a
series of potentially significant, locally branching conductive zones more
than 25 kilometres in length that are centered on the south end of Y Lake.
Based on ground reconnaissance and limited widely spaced drilling, these
conductors are directly related to sulphide mineralization. Widely spaced rock
chip sampling along this trend has defined areas containing strongly anomalous
copper, zinc, cobalt, gold, and silver.
"The 2010 exploration drilling program and associated pre-drilling
reconnaissance will be used to prioritize targets and plan future exploration
programs in the Y Lake area," said Andre Douchane, President and CEO.
The program, consisting of five planned holes totaling approximately
1,800 metres, is planned to test two separate conductivity anomalies
characterized by strong metal values. They include copper (3,327 ppm and
10,000 ppm respectively), silver (2,948 ppb and 4,193 ppb respectively) and
zinc (up to 2,613 ppm). Additionally, the exploration is planned to further
test a zone of conductivity centered on Y Lake that is characterized by strong
values of gold (up to 1,991 ppb) and copper (up to 1,806 ppm) in rock chip
samples, as well as a 2008 drill intersection from hole FL08-418 (11.0 metres
to 14.0 metres: 3.0 metres of 0.58 g/t gold). It should be noted that the
first 11.0 metres of FL08-418 were not recovered during drilling.
"Our exploration program is currently under way, and drilling crews
should be mobilized within the next couple of weeks," said Mr. Douchane. "We
look forward to the program's results in the fall."
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 advanced exploration and development stage
company. The Company's primary asset is its Ferguson Lake
nickel-copper-cobalt-platinum-palladium property in Nunavut, Canada.
Additional assets include a nickel-copper-cobalt-PGE-chrome project in the
Stillwater district of Montana with historic copper, nickel, chromite
resources (non 43-101 and not to be relied on); the Moonlight copper project
in California with significant NI 43-101 copper resources; and two gold
properties currently leased/joint ventured in Nevada.
Starfield has also funded the development of a novel, environmentally
friendly and energy efficient hydrometallurgical flow sheet 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.
%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; www.starfieldres.com/
(SRFDF SRU.)
CO: Starfield Resources Inc.
CNW 07:00e 23-AUG-10
