Thursday, August 25, 2011 Eastfield Resources Announces Commencement of Drilling at the Zymo copper-gold project in British Columbia
Vancouver, BC, August 25, 2011: Eastfield Resources Ltd. "Eastfield" (TSX-V: ETF) is pleased to announce that Bearing Resources Ltd. "Bearing" (TSX-V: BRZ) has commenced its summer exploration program at the 12,113 hectare Zymo copper-gold project ("Zymo"), located 45 kilometres west of Smithers, British Columbia. Eastfield has granted Bearing an option to earn up to 65% in Zymo. Exploration work carried out to date at Zymo, including surface sampling, geophysical testing and core drilling, has identified a large copper-gold porphyry system. Four distinct porphyry targets (Hobbes, FM, URC and RD Zones) have been identified over an open ended nine kilometre by three kilometre area defined by a copper in soil anomaly coincident with an induced polarization ("IP") chargeability anomaly.
The Hobbes Zone ("Hobbes") is the most advanced target with ten historic drill holes intersecting copper/gold mineralization over a distance of 600 metres. The best hole (ZY08-09) returned 72 metres (core length) of 0.72% copper and 0.54 g/t gold within a longer interval that returned 159 metres grading 0.44% Cu and 0.32 g/t gold. The URC Zone ("URC") is 1.5 kilometres west and the FM Zone ("FM") is located 4.0 kilometres east of Hobbes. In addition, prospecting in 2010 discovered a mineralized float sample assaying 0.74% copper and 0.70 g/t gold, 1.5 kilometres west of URC, beyond the area of any existing grid work.
The 2011 exploration program for Zymo is budgeted at $2 million and is fully funded. The program includes 8,000 metres (approximately 20 drill holes) of helicopter supported Diamond core drilling, 30 kilometres of IP surveys, soil geochemical surveys, geological mapping and prospecting. For details of the proposed drilling program please refer to Eastfield's news release of August 4, 2011.
Drill results will be published upon receipt and analysis of assay data.
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. Director Eastfield Resources Ltd.
Contact: Paul Way, Business Development Manager (604) 681-7913 or Toll Free: 888-656-6611
About Eastfield Resources: Eastfield is a Canadian mineral exploration company focused on the discovery of large gold and copper deposits; it currently has seven projects in British Columbia and one in Nevada. Current projects include a 40% ownership in the Okeover copper-molybdenum project with 60% partner Prophecy Resource Corp. (TSX-V: PCY) and a 100% interest in the Tonopah gold project in Nevada. Projects currently optioned out include the Zymo gold-copper project optioned to Bearing Resources Ltd. (TSX-V: BRZ); Kilometre 26, optioned to Oroandes Resource Corp. (TSX-V: OAR); Indata, optioned to Oceanside Capital Corp. (TSX-V: OCC); Iron Lake, optioned to Cobre Exploration Corp. (TSX-V: CKB-H). Eastfield trades on the TSX Venture exchange under the symbol "ETF". For more information, please visit the company's website at www.eastfieldresources.com..
The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
You can also view this News Release on our website at: http://www.eastfieldresources.com/s/NewsReleases.asp?ReportID=474940 |