InvestorsHub Logo
Followers 494
Posts 21867
Boards Moderated 2
Alias Born 02/09/2009

Re: None

Sunday, 01/16/2011 2:54:10 PM

Sunday, January 16, 2011 2:54:10 PM

Post# of 46
breaking out on this?

TORONTO, Jan. 12, 2011 /CNW/ - Starfield Resources Inc. (TSX: SRU / OTCBB: SRFDF) today announced that its financial results for the third quarter ended November 30, 2010 have been filed on SEDAR.

For the three and nine month periods ended November 30, 2010, Starfield incurred costs for exploration and related equipment totalling $1.1 million and $3.4 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 $0.4 million and $1.3 million for the three and nine month periods, respectively.

At November 30, 2010, the Company had approximately $1.1 million of cash on hand.

As previously announced, on December 7, 2010, the Company successfully completed a private placement financing for total proceeds of $5.1 million.

The quarterly unaudited financial statements, management's discussion and analysis and additional information are available on the Company's website and on SEDAR.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.