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Wednesday, August 28, 2013
Eastfield Resources Commences Exploration at Iron Lake, BC
Vancouver, BC, August 28, 2013, Eastfield Resources Ltd. ("Eastfield") (TSX-V: ETF) has begun an exploration program to follow up on results received from a program completed in 2012 on its 100%-owned Iron Lake-Hidden One copper, gold and platinum group metal project. The road accessible Iron Lake-Hidden One property is located 45 kilometres northeast of 100 Mile House, BC and encompasses an area of 16,871 hectares.
In the central area of the claim group, numerous samples of mineralized rubble have been found since 2000 including two samples found in 2012. All samples have been extremely similar in their petrology (ultramafic olivine-pyroxenite) and metal content. The average of eight grab samples collected to date is 0.71% copper, 0.70 g/t gold and 324 ppb platinum+palladium. Drilling completed in 2005 and 2006, targeting electromagnetic responses, failed to find the source of the disseminated mineralization but did encounter significant thicknesses of pyrrhotite dominant massive sulphide (e.g. drill hole IL-05-03 with 17 metres in an aggregate thickness of greater than 60% sulphide grading 0.34% copper and 23.7% iron) in similar rock differing only in its reduced olivine content.
The 2012 exploration program on the Iron Lake-Hidden One property included 24 kilometres of induced polarization/magnetometer surveying and rock sampling. This survey targeted two distinctly different styles of mineralization. On the portion of the property underlain by ultramafic rocks which had eight kilometres of induced polarization/magnetic survey, two new discrete and highly magnetic conductors were identified. On the adjacent Hidden One claims, which are underlain by rocks belonging to the Takomkame Batholith, 16 kilometres of survey was completed with two new conductors being identified. The 2013 program will follow up on the four new geophysical anomalies with further rock and soil sampling and possibly additional geophysics to further delineate the anomalies. A notice of work application (exploration permit application) has been submitted to the Mines Branch to complete eight Diamond drill holes.
J.W. Morton, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.
J.W. Morton, P. Geo.
President and CEO
Eastfield Resources Ltd.
Contact:
Paul Way, Business Development Manager
(604) 681-7913 or Toll Free: 888-656-6611
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
About Eastfield Resources:
Eastfield Resources is a Canadian mineral exploration company focused on the discovery of large gold and copper deposits; it currently has projects in British Columbia and in Nevada. Current projects include a 100% interest in the Zymo copper-gold property in BC, a 40% ownership in the Okeover copper-molybdenum project in BC with 60% partner Prophecy Resource Corp. (TSX-V: PCY), a 100% interest in the Tonopah-Hughes gold-silver project in Nevada and a 100% interest in the Iron Lake-Hidden One and Naggie base and precious metals projects in BC. Projects currently under option include the Indata gold project in BC, optioned to Oceanside Capital Corp. (TSX-V: OCC) who can earn up to a 60% interest. Eastfield trades on the TSX Venture exchange under the symbol "ETF". For more information, please visit the company's website at www.eastfieldresources.com..
You can also view this News Release on our website at:
http://www.eastfieldresources.com/s/NewsReleases.asp?ReportID=600073 |