09:55 AM EST - Starfield Resources Inc. : announced its financial results for the fiscal first quarter ended May 31, 2012 have been filed. During the three months, Starfield incurred costs for exploration totaling $60,000. The expenditures were directed primarily toward property maintenance at the Ferguson Lake and Stillwater properties. Administrative expenditures amounted to $400,000. On May 7, the Company sold 179 mining claims in its Stillwater property to Stillwater Mining Company for $2 million U.S. The funds will be used for working capital and exploration in Canada and the United States. As at July 11, the Company has approximately $2.2 million of cash on hand. Starfield Resources Inc.
shares T.SRU are trading unchanged at $0.01.
