Hello,
Bill Morton, CEO of Eastfield Resources, has done a presentation for the
InvestorIdeas.com Mining and Resource Conference that can be heard today,
and will be archived afterwards. Please go to
http://www.investorideas.com/forums/secured/forums.aspx and you will be
asked to register (for free) before listening to the audio.
Today's News Release
Eastfield Resources Starts Exploration of Zymo Property - September 26, 2007
Eastfield Resources Ltd. ("Eastfield") (TSX-V: ETF) is pleased to announce
that it has started exploration at the newly acquired Zymo
Copper-Gold-Silver property, which lies approximately 40 kilometres west of
the town of Smithers, in northwestern British Columbia.
A geological field crew consisting of four people including a geologist has
been dispatched to Zymo for approximately 3 weeks. This initial
reconnaissance program is intended to build on historical exploration of the
property and set the foundation for a larger program in the future. The
program will consist of prospecting and mapping with stream sediment
sampling and soil sampling. Previous stream sediment sampling resulted in
outlining multi-element anomalies across a distance of over three
kilometres. An airborne geophysical survey, completed in December 2004 and
not followed up, indicates magnetic features similar to the main exploration
area that extends several kilometres to the northwest. The current program
will extend sampling coverage over a much greater portion of the property.
Eastfield is actively seeking an option partner to fund future exploration
of the Zymo property.
About the Zymo Property:
The geology and mineralization styles at the Zymo property indicate both
copper-gold-silver porphyry and porphyry related bulk tonnage high
sulphidation gold-silver-zinc deposits. Near the middle of the property is a
large copper and gold soil anomaly that measures approximately 1,000 metres
by 800 metres and is open to the north. Within this anomaly, historical
exploration includes Hole 99-03 with 23.8 metres of 0.14% copper, 0.21g/t
gold and 3.7 g/t silver and Hole 99-06 with 11.3 metres of 0.14 % copper,
0.1 g/t gold and 3.5 g/t silver. Eight grab samples taken in a 200 by 200
metre area in the vicinity of Hole 99-06 averaged 0.38 % copper and 0.16 g/t
gold. These chalcopyrite-bornite-magnetite occurrences indicate a high
potential for the discovery of a large bulk tonnage copper-gold deposit.
Flanking the copper-gold mineralized area are extensive occurrences of zinc,
copper, lead, silver and gold mineralization associated with siliceous
pebble breccias and peripheral veins. Select grab samples of these well
mineralized rocks have returned very high grades. While not representative
of average grades these select samples returned values in the range of 1-11%
zinc, 1-22 % copper, 1-7 g/t gold and 2-1,600 g/t silver.
G.L. Garratt, P.Geo., is the qualified person who has reviewed and takes
responsibility for this news release.
G. L. Garratt, P.Geo.
G. L. Garratt, P.Geo., Officer and Director
Eastfield Resources Ltd.
Contact:
Paul Way
Business Development Manager
604-681-7913
Toll Free: (888) 656-6611
For more information about the Zymo property, please see out website at
www.eastfieldresources.com.
About Eastfield Resources Ltd.
Since its inception in 1987, Eastfield Resources has utilized a successful
business strategy that involves securing third party exploration financing
the majority of its projects. At present, Eastfield has seven projects
located in British Columbia of which three will have 100% of exploration
funded by partners to the sum of � $2,000,000. These optioned projects
include Okeover, optioned by Prophecy Resource Corp. (TSX-V: PCY), Indata
optioned by Redzone Resources Ltd. (CNQ: REDZ) and Lorraine-Jajay, optioned
by Teck-Cominco Limited (TSX: TCK.B). The Lorraine-Jajay property will be
subject to a spin off to investors of a new public company, subject to
regulator and shareholder approval, that will be called Lorraine Copper
Corporation.
The TSX - Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This news
release may contain certain "Forward-Looking Statements" within the meaning
of Section 21E of the United States Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact, included
herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to
be accurate, and actual results and future events could differ materially
from those anticipated in such statements. Important factors that could
cause actual results to differ materially from the Company's expectations
are disclosed in the Company's documents filed from time to time with the
TSX - Venture Exchange, the British Columbia Securities Commission and the
US Securities and Exchange Commission.
.