Eastfield Discovers New Mineralization at the Zymo Copper-Gold Property
07 Outubro 2010 - 4:16PM
Marketwired
Eastfield Resources Ltd. ("Eastfield")
(TSX-V: ETF) is pleased to announce that the fall exploration
program has been completed on its 12,113 hectare Zymo copper-gold
property located 45 km west of Smithers, BC. Approximately 1,323
hectares in three new claims were staked to cover a promising new
area of mineralization.
Reconnaissance exploration to the west of previous exploration
resulted in the discovery of significant float of strongly altered
and well mineralized intrusive rock that returned 0.74 % copper and
0.70 g/t gold. The sample was taken approximately 1.5 km west of
the URC target and indicates a new target area. The sample carries
abundant magnetite which is characteristic of the strongly
mineralized Hobbes Zone 4 km to the east (Hobbes drill highlights:
ZY-08-9: 72.0 m of 0.72% copper and 0.54 g/t gold and ZY-09-10:
57.0 m of 0.43% copper and 0.32 g/t gold).
Two other new areas of mineralization were also identified by
float sampling in the vicinity of existing soil geochemical
anomalies:
- 0.36% Cu and 1.63 g/t Au from a sample taken 1.0 km west of the
Hobbes Zone drilling
- 0.29% Cu from a sample taken 0.5 km north of the URC
anomaly
The program also included extending geophysical survey coverage
westward from the Hobbes Zone to cover the 1.5 km long URC
copper-gold geochemical anomaly. The IP Chargeability anomaly was
extended over 1.0 km further west and now covers an area of
approximately 8.0 km by 2.0 km. The URC target lies along the
southern flank of the IP anomaly. A magnetic survey indicates that
the URC target also lies along the northern flank of a 2 km long
magnetic high. Previous sampling in this area returned 0.33% copper
and 0.22 g/t gold from float. There is no outcrop in the area.
Sampling of float in the URC target area from this year's program
continued to show good results including:
- 0.19% Cu and 0.16 g/t Au
- 0.30% Cu and 0.28 g/t Au
- 0.48% Cu and 0.65 g/t Au
The 2010 exploration program was very successful in adding to
the discovery potential of the property as well as providing detail
for vectoring drill testing at the URC target. The company is
looking forward to a drilling program and the development of the
new exploration areas. Eastfield has the option to earn a 100%
interest in the Zymo property, subject to a NSR.
G.L. Garratt, P.Geo., who is a qualified person within the
context of National Instrument 43-101, has read and takes
responsibility for this news release.
Glen Garratt, P.Geo. Director Eastfield Resources Ltd.
About Eastfield Resources: Eastfield is a
Canadian mineral exploration company focused on the discovery of
large gold and copper deposits; it currently has seven projects in
British Columbia and one in Nevada. Current projects include an
option to earn a 100% interest in the Zymo gold-copper project; a
40% ownership in the Okeover copper-molybdenum project with 60%
partner Prophecy Resource Corp.; and a 100% interest in the Tonopah
gold project in Nevada. Projects currently optioned out include
Kilometre 26, optioned to Oroandes Resource Corp.; Indata, optioned
to Oceanside Capital Corp.; and Iron Lake, optioned to Cobre
Exploration Corp. Eastfield trades on the TSX Venture exchange
under the symbol "ETF". For more information, please visit the
company's website at www.eastfieldresources.com.
The TSX-Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contact: Paul Way Business Development Manager (604)
681-7913 Toll Free: 888-656-6611
Eastfield Resources (TSXV:ETF)
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