Starfield Reports Results for the Second Quarter ended August 31, 2010
Canada Newswire “Canada Newswire English “
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TORONTO , Oct. 14, 2010 /CNW/ – Starfield Resources Inc. (TSX: SRU/OTCBB: SRFDF) today announced that its financial results for the second quarter ended August 31, 2010 have been filed on SEDAR.
For the three and six month periods ended August 31, 2010 , Starfield incurred costs for exploration and related equipment totalling $1.5 million and $2.2 million , respectively. The exploration expenditures were primarily directed toward continued advancement of the Company’s Ferguson Lake project in Nunavut , including its grassroots diamond and gold exploration programs on the surrounding area, and on the continued advancement of its Hydromet process. Administrative expenditures amounted to $0.5 million and $0.9 million for the three and six month periods, respectively.
At August 31, 2010 , the Company had approximately $2.7 million of cash on hand.
The quarterly unaudited financial statements, management’s discussion and analysis and additional information are available on the Company’s website and on SEDAR.