Ferguson Lake (Kivalliq Region)

109) The lake has an irregular contour with deep bays, long points, grassy slopes, terraces underlain with sand and gravel, and rocky narrows.

There are several rocky, gray gneiss, dark-green diorite islands, one large enough to accommodate a +1 km airstrip.

[7] Commercial drilling began on the lake's east side in 2004 as part of a massive sulphide project exploration for nickel-copper-cobalt-platinum-palladium.

We very much need to evaluate our large land holding over the next two years to determine its value for further expenditures or joint venture opportunities.

(André Douchane, President/CEO, Starfield, March 13, 2008)The following week, on March 20, Starfield announced that its scoping study yielded positive results with anticipation of economical operations, 27% IRR, plus enough cobalt, copper, and nickel mineral resources for operations through 2030.

Additional assumptions include a slurry pipeline to Rankin Inlet, along with ship loading and port facilities there.