News Release - September 10th, 2007
Eastfield Resources Announces Drill Plans for South Breccia Zone at Okeover
Copper-Molybdenum Property
Eastfield Resources Ltd. (TSX-V: ETF) and option partner Prophecy Resource
Corp. (TSX-V: PCY) have received the final drill results from the June 2007
drill program completed at the Okeover copper/molybdenum porphyry prospect
located on the southern British Columbia coast. The final three holes from
the seven hole program, all of which were reconnaissance in nature and
located several kilometres from the North Lake Zone, encountered favourable
rock types but with only weak copper and molybdenum mineralization.
By contrast, the first four holes reported on July 27, 2007 encountered
strong mineralization and have confirmed that the North Lake Zone is open
for expansion in several directions including to depth. Two highlights from
the June 2007 program include:
Hole, Interval, Grades
OK-07-04, 76 metres, 0.34% Cu and 0.027% MoS2.
OK-07-02, 23 metres, 0.24% Cu and 0.031% MoS2.
Hole OK-07-02 is a 350-metre step-out drilled to the east of the North Lake
Zone with the mineralization occurring at the bottom of the hole, indicating
a large new prospective area to expand the existing North Lake Zone, where,
in 2006, N.C. Carter, PhD, P.Eng, completed a technical report on the
Okeover Property pursuant to National Instrument 43-101 that estimated an
inferred mineral resource of 86.8 million tonnes grading 0.31% copper
(approximately 593,000,000 lbs.) and 0.014% MoS2 (approximately 15.9 million
lbs of molybdenum). Molybdenum grade also appears to be increasing in this
direction.
The next round of drilling will begin with site preparation projected to be
finished by the end of September, with drilling anticipated to begin as
equipment becomes available in October. The October drill program will
focus on continuing to delineate the North Lake Zone and will also explore
the South Breccia area, which has not had significant exploration for more
than ten years.
The South Breccia area is a hydrothermal breccia first recognized in 1979.
Between 1966 and 1977, seven corporations, including Noranda, Falconbridge
and Asarco Exploration completed 14,000 metres of diamond drilling at
Okeover. In 1979, two years following these campaigns, logging activities
exposed the south Breccia Zone approximately 3.5 kilometres south of the
North Lake Zone. In 1979, Aquarius Resources Ltd. completed three holes in
this then newly discovered area (205 metres in total) with results which
included 1.49% Copper over 9 metres in hole 79-2 and 0.49% Copper over 21
metres in hole 79-3. In 1996, Canquest Resource Corp. drilled a single 154
metre deep hole with the strongest mineralization in that hole (0.21% Cu)
occurring at the bottom. A review of this drill hole indicates that it may
have stopped short (to the east) of the South Breccia Zone. Geological
mapping of the area peripheral to the South Breccia discovery outcrop
indicates that brecciation and silicification extend over an area of at
least 300 metres by 600 metres, offering substantial potential for
discovery.
Samples were analyzed by Acme Analytical Laboratories, an (ISO) 9001:2000
certified facility located in Vancouver, BC, using multielement ICP/ES
techniques with one company standard inserted for every 30 samples analyzed.
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 Technical Report on the Okeover
property, prepared in accordance with NI 43-101 and dated October 5 2006, is
available on SEDAR and at www.eastfieldresources.com.
Bill Morton
J.W. (Bill) Morton, P.Geo
President
Contact: Paul Way, Business Development Manager
(604) 681-7913 or Toll Free: 888-656-6611
About the Okeover Property:
The Okeover property is located twenty-five kilometres north of the City of
Powell River, British Columbia and several kilometres east of Okeover Inlet,
extending southerly from tidewater on Theodosia Inlet. The property consists
of fourteen claims covering 5,233 hectares of land. Access is by way of 30
kilometres of highway and secondary logging roads from Powell River. Okeover
is currently under option to Prophecy Resource Corporation who can earn a
60% interest in the project by completing $1,000,000 in exploration before
March 8, 2010. Work funded by Prophecy in 2006 outlined a new
copper-molybdenum soil anomaly over a substantial area approximately 1.5
kilometres to the northwest of the North Lake Zone.
About Eastfield Resources:
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.
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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