Home | Corporate | Projects | News | Investors | Contact
Tuesday, July 14, 2009 Eastfield Resources Announces Crew Mobilized to Zymo Gold Copper Project, BC
Vancouver, BC, July 14, 2009 - Eastfield Resources Ltd. "Eastfield" (TSX-V: ETF) and Canadian Gold Hunter Corp. "CGH" (TSX: CGH) are pleased to announce that a drill has been mobilized to the Zymo copper-gold property 45 kilometres west of Smithers, BC. The Zymo property is underlain by an alteration/sulphide system of over 15 square kilometres and hosts several mineralized targets. A drilling program of four to six holes is planned and will further test the Hobbes Zone at depth and along strike as well as targets in the FM Zone. This year's drill program will follow up on a successful 1,554 metre Drill program in 2008 which intersected significant new intervals of copper/gold mineralization in the Hobbes Zone. Intersections from the 2008 program included 72.0 metres of 0.72% copper and 0.54 g/t gold in hole ZY08-09 and 158.9 metres of 0.31% copper and 0.21g/t gold in hole ZY08-10. Other work in 2008 included an IP/mag geophysical survey and geochemical sampling. An open-ended IP chargeability anomaly measuring six kilometres long by two-three kilometres wide was outlined in 2008 within which both the Hobbes and FM mineralized zones occur. Geochemical sampling and prospecting have outlined at least two new copper-gold target areas. CGH has the option to earn a 60% interest in the property by completing exploration expenditures of $4 million over five years. CGH may earn an additional 10% interest by completing a feasibility study and an additional 5% by arranging mine financing for Eastfield. 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. VP Exploration Eastfield Resources Ltd. Contact: Paul Way, Business Development Manager (604) 681-7913 or Toll Free: 888-656-6611 About Eastfield Resources: Eastfield is a prospect generator whose business strategy involves securing third party exploration financing on its projects. Eastfield has seven projects in British Columbia and one in Nevada. Currently optioned projects include Zymo, optioned to Canadian Gold Hunter (TSX: CGH); Okeover, optioned to Prophecy Resource Corp. (TSX-V: PCY); Indata and Howell, optioned to MAX Resource Corp. (TSX.V: MXR); and Iron Lake, optioned to Cobre Exploration Corp. (TSX-V: CXV-H). 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.
Eastfield is a exploration company based in Canada.
Eastfield holds various exploration projects in Canada.
Its main exploration properties are CROWSNEST, HOWELL, ZYMO, KILOMETRE 26, INDATA, TONOPAH (THREE HILLS), IRON LAKE - EASTFIELD / LYSANDER and OKEOVER (EASTFIELD) in Canada.