NEWS RELEASE - August 22, 2007
Eastfield Resources Discovers New Gold Mineralization at Indata
Eastfield Resources (TSX-V: ETF) and option partner Redzone Resources Ltd.
(CNQ: REDZ), report that they have initiated the second part of the summer
exploration program at the Indata gold-copper project located north of Fort
St. James, BC. The Indata property is under option to Redzone who can earn
a 60% interest in the project by completing $1 million in exploration before
2011.
In June of this year work accomplished at Indata included grid
establishment, mechanical trenching and soil sampling. Work was temporarily
stopped at the end of June because of extremely wet conditions that were
making the road impassable and trenching very difficult. The road and the
property have since dried out. Work will concentrate with mechanical
trenching of new geochemical soil anomalies.
Several significantly mineralized trench samples (grabs) were obtained from
the June work including one sample returning 9.77 g/t gold and another 17.16
g/t. Of additional importance from the earlier work is the identification of
an area of 300 metres by 150 metres producing a multielement soil
geochemical anomaly (gold, lead, zinc, bismuth, arsenic, antimony, tungsten
and tellurium on most stations). The new anomaly is located 600 metres to
the northwest of previous grids and the current program will try to expose
bedrock here with the excavator.
Indata is a gold system related to the Pinchi Fault and is located
approximately 15 kilometres south of the Kwanika Creek copper-gold discovery
being explored by Serengeti Resources Inc. (TSX-V: SIR). Previous work at
Indata has identified a number of precious metal veins that can be
characterized as being mesothermal in style consisting of quartz and
sulfide. Pathfinder elements to the veins include arsenic, antimony, bismuth
and tellurium. Known veins average approximately 1.5 metres in width
(varying between 0.5 and 5.6 metres). A review of the 24 previous Indata
diamond drill vein related intercepts indicates that the average intercept
is 1.54 metres in width with an average grade of 8.41 g/tonne gold and 52.43
g/tonne silver (this average includes one very high grade intercept of 4.0
metres grading 47.26 g/t gold which if removed from this calculation reduces
the average intercept to 1.43 metres with an average grade of 3.06 g/tonne
gold and 59.40 g/tonne silver). The new anomaly is of great interest because
it has a significantly wider expression than what corresponded to previously
discovered veins and contains higher concentrations of lead, antimony and
bismuth.
Samples were analyzed by Acme Analytical Laboratories, an (ISO) 9001:2000
certified facility located in Vancouver, BC, using multielement ICP/MS
techniques with one laboratory standard inserted and one sample rerun for
the 28 rock samples analysed.
J.W. (Bill) Morton, P.Geo., a director of the Company and qualified person
within the context of National Instrument 43-101, has read and takes
responsibility for this news release. A 43-101 report on the Indata property
was posted on SEDAR in December 2006.
Bill Morton
J.W. (Bill) Morton, P.Geo
President
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). Eastfield will be funding the start of
exploration at the newly acquired Zymo copper-gold-silver property, located
west of Smithers in British Columbia. Eastfield and Lysander Minerals Corp.
(TSX-V: LYM), the partner in the Lorraine-Jajay project located in northern
BC and optioned to Teck-Cominco, have recently announced plans to segregate
their respective 50% interests in Lorraine-Jajay into a new company
("Newco"). Eastfield and Lysander will then each receive 50% of the shares,
which will then be distributed to existing shareholders, subject to final
shareholder and regulatory
NEWS RELEASE - August 20, 2007
Cariboo Rose Drill Program Expanded on Woodjam Property
Cariboo Rose Resources (TSX-V: CRB) is pleased to announce that six
additional holes (2,000 metres), in addition to the three currently being
drilled (1,000 metres), have been added to the current drill program at the
Woodjam gold-copper property. The Woodjam property is located in
south-central British Columbia, five kilometres south of Imperial Metals
Corp's (TSX: III) Mount Polley mine property. The Woodjam property is a
joint venture in which Cariboo Rose holds a 40% interest and Fjordland
Exploration Inc. (TSX-V: FEX) holds a 60% interest.
Of the previously announced three holes, the first two holes have already
been drilled in the newly discovered Southeast Zone located approximately
three kilometres east of the Takom Zone (See News Release of July 19, 2007).
The third hole of the previously announced program is now underway north of
the Megabuck zone. All three of the initial holes were designed to look for
new zones of mineralization based on induced polarization response as
opposed to extending the limits of currently known mineralization.
The Woodjam property has had approximately 16,000 metres of drilling since
2001, most of which has been in the Megabuck zone. Exploration has
demonstrated that the property is prospective for bulk-tonnage gold-copper
deposits similar to other porphyry deposits in B.C.'s Quesnel Terrane.
Drilling in 2004 included a hole that intersected 378 metres grading 0.81
g/t gold and 0.12% copper and another that intersected 397 metres grading
0.82 g/t gold and 0.12% copper. Drilling in 2006 included a hole with 94
metres grading 0.95 g/t gold and 0.19% copper and another hole with 92
metres grading 1.0 g/t gold and 0.22% copper.
J.W. Morton, P.Geo. and G.L. Garratt, P.Geo. are the qualified persons who
have reviewed and take responsibility for this news release.
Bill Morton
J.W. (Bill) Morton, P.Geo
President
About Cariboo Rose Resources Ltd.
Cariboo Rose Resources Ltd. is a Canadian public resource company that
trades on the TSX - Venture exchange under the symbol CRB and currently
operates five mineral exploration projects in Western Canada. It was spun
off from Wildrose Resources Ltd. (TSX-V: WRS) in 2006, to allow Wildrose to
focus on the Spanish Mountain Project. Cariboo Rose is part of the
Eastfield Group. Since its inception in 1987, the Eastfield Group has
utilized a successful business strategy that leverages its exposure by
securing third party exploration financing on the majority of its projects.
The other companies in the Eastfield Group are Eastfield Resources (TSX-V:
ETF) and Wildrose Resources.
Contact: Paul Way, Business Development Manager
(604) 681-7913
Toll Free: 888-656-6611
pway@eastfieldgroup.com
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.
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