Eastfield Resources Ltd

Published : October 22nd, 2012

Announces Drilling on the Zymo Copper-Gold Project, BC Hole ZY12-32 intersects 0.40% Cu-Eq in Hobbe

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Diamond | Gold | Iron | Molybdenum | Precious Metals | Silver |

Monday, October 22, 2012
Eastfield Resources Announces Drilling on the Zymo Copper-Gold Project, BC Hole ZY12-32 intersects 0.40% Cu-Eq in Hobbes Zone

Vancouver, BC, October 22 2012 - Eastfield Resources Ltd. ("Eastfield") (TSX-V: ETF) is pleased to announce results for the 2012 drilling program at the Zymo Copper-Gold Project ("Zymo") in British Columbia located 45 km west of Smithers, British Columbia. Historical exploration, including surface sampling, geophysical testing and core drilling, has identified a large copper-gold porphyry system that includes four distinct porphyry targets (Hobbes, FM, URC and RD Zones). Overall the targets are defined by coincident copper and gold soil anomalies contained within a 9.0 km by 3.0 km induced polarization ("IP") chargeability anomaly which remains open to the southeast.

Seven drill holes were completed for a total of 2,322 m and tested three target areas: FM, RD and Hobbes. The program was designed to add information in each area with respect to the geometry and orientation of the mineralizing systems to assist future drilling as it is speculated that parts of the large alteration system have been dramatically rotated. A brief summary of the drilling, by target area, follows and a full table of results is attached:

FM Target: Hole ZY12-29 was located in the central FM target area and was planned to test the zone to depth. Hole 29 was lost at 27 m and hole ZY12-29B replaced it and intersected 144.0 m, from 114.0 m, grading 0.08 g/t gold and 0.16 g/t copper. The hole continued to 669 m where it ended in weakly altered intrusive, indicating that the mineralizing system is likely rotated such that the vertical drill hole cut across the system rather than down it. Further drilling will be required to determine the geometry of the mineralizing system in this area.

Hole ID Target From (m) To (m) Interval (m) Au (g/t) Cu (%) Ag (g/t) *CuEq (%)
ZY12-29 FM Lost at 27 m            
                 
ZY12-29B FM 114.0 258.0 144.0 0.08 0.16   0.22

RD Target: Two drill holes were completed on this target which is defined by an 800 m by 1,000 m copper-gold in soil anomaly. The soil geochemistry indicated that the area may be high in the mineralizing system and the drilling intersected long intervals of phyllic alteration and narrow intercepts of sulphide rich veins indicating this case. Hole ZY12-30 intersected two such intervals one of which returned 3.0 m, from 231.0 m, grading 0.99 g/t gold, 0.91% copper and 72.8 g/t silver. Further drilling will be required to determine the potential of this large target area.

Hole ID Target From (m) To (m) Interval (m) Au (g/t) Cu (%) Ag (g/t) CuEq (%)
ZY12-30 RD 177.0 180.0 3.0 0.22 0.19 47.9  
and   231.0 234.0 3.0 0.99 0.91 72.8  
                 
ZY12-31 RD No significant intercepts            

Hobbes Target: The Hobbes Zone has been shown by previous drilling to extend over an area of 350 m by 720 m. Three holes were completed at the Hobbes Target. Drill hole ZY12-33 was placed approximately 100 m east of previous drilling and appears to have closed off the system in this direction. Hole ZY12-32 was located in the central portion of the zone but was directed to the southwest, the opposite azimuth of previous drilling, in an attempt to determine the geometry and orientation of the system. Hole 32 intersected a long interval of mineralization from 6.3 m for 293.7 m grading 0.16 g/t gold and 0.21% copper. The rest of the hole continued in highly altered and variably silicified rock to 582.0 m. The third hole at Hobbes, ZY12-34 was collared at the western end of the drill area at the site of hole ZY11-26 but was drilled to the southwest in the opposite direction of hole 26. Hole 26 had intersected 75.0 m, from 180.0 m, of 0.20 g/t gold and 0.29% copper. Hole 34 intersected mineralization from top to bottom returning 297.0 m, from 9.0 m, grading 0.07 g/t gold and 0.12% copper. The hole ended in 0.1% to 0.2% copper and indicates that the zone appears to widening in this western direction to in excess of 500 m.

Hole ID Target From (m) To (m) Interval (m) Au (g/t) Cu (%) Ag (g/t) *CuEq (%)
ZY12-32 Hobbes 6.3 300.0 293.7 0.16 0.21   0.32
Including   6.3 180.0 173.7 0.20 0.26   0.40
                 
ZY12-33 Hobbes No significant intercepts            
                 
ZY12-34 Hobbes 9.0 306.0 297.0 0.07 0.12   0.17
including   219.0 306.0 87.0 0.08 0.15   0.21

URC Target: The URC Target is located 1.5 kilometres southwest of Hobbes and is defined by a large 200 metre by 1,500 metre copper and gold soil anomaly and coincident geophysical anomalies (magnetic high and IP high). Two drill holes completed in 2011 returned inconclusive results and the anomalies remain unexplained. The planned drilling at URC was unable to be completed in this program and the area remains largely untested.

Bearing Resources Ltd. was earning an interest in the Zymo Project but has given notice to the company that it will not continue the option. The Zymo Property is owned 100% by Eastfield Resources Ltd. subject only to a net smelter return interest.

QA/QC

Drill core was sampled in three-metre intervals and cut with a Diamond saw with one-half of the core placed in sealed plastic bags and delivered to Acme Analytical Laboratories Inc. ("Acme") in Smithers for crushing and pulverizing. Sample pulps were then analysed by Acme in their Vancouver lab following aqua regia digestion by ICP-MS. As part of the company's QA/QC (quality assurance/quality control) procedures, internationally recognized standards and blanks were inserted into the sample batches. ACME is an ISO 9001-registered laboratory and has a quality control program in place which includes the insertion of standard, blank and duplicate samples, as well as conducting repeat analyses.

Drill intervals reported are core lengths and true widths are not known.

*Copper equivalent calculations do not take into account metallurgical recoveries and are based on in-ground metal using metal prices of US$1,200/ounce for gold and US$2.50/pound for copper.

Field work and project management was under the direct supervision of Bruce Laird, P. Geo. 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 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, a 40% ownership in the Okeover copper-molybdenum project with 60% partner Prophecy Resource Corp. (TSX-V: PCY), a 100% interest in the Tonopah gold project in Nevada and a 100% interest in the Iron Lake, Naggie and Hidden One base and precious metals projects in BC. Projects currently optioned out include Indata, optioned to Oceanside Capital Corp. (TSX-V: OCC). 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=553287

Eastfield Resources Ltd

EXPLORATION STAGE
CODE : ETF.V
ISIN : CA27724D1096
CUSIP : 27724D109
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate Presentations of Eastfield Resources Ltd
9/26/2007CEO Presentation
Annual reports of Eastfield Resources Ltd
Annual report 2007
Project news of Eastfield Resources Ltd
8/28/2013Commences Exploration at Iron Lake, BC
8/14/2012Acquires Two New Copper-Gold Projects
7/26/2012(Zymo)Announces Drilling Program Start-up on Zymo Copper-Gold Proj...
4/3/2012(Kilometre 26)Announces Distribution of Shares of Fort St. James Nickel Co...
2/21/2012(Indata)Announces New Gold and Nickel Targets at Indata
12/8/2011(Zymo)Reports Zymo Drill Results
11/30/2011(Kilometre 26)Provides Update on Drilling and Sale of Kilometre 26
9/12/2011(Kilometre 26)Announces 100% Sale of Kilometre 26 Project
8/25/2011(Zymo)Announces Commencement of Drilling at the Zymo copper-gold p...
8/4/2011(Zymo)Announces Commencement of $2 Million Exploration Program at ...
6/20/2011(Zymo)Announces Option Granted on the Zymo copper-gold project, BC...
5/19/2010(Indata)Signs Agreement to Option Out Indata Gold-Copper Project, BC
5/3/2010(Zymo)The Return of the Zymo Copper-Gold Project
9/14/2009(Zymo)Drilling at Zymo Copper-Gold Project Significantly Expands M...
7/27/2009(Howell)Drill Program Planned at Eastfield's Crowsnest and Howell Go...
7/15/2009(Zymo)Crew Mobilized to Zymo Gold Copper Project, BC
2/24/2009(Kilometre 26)Acquires Gold Property in British Columbia
1/7/2009(Indata)Intercepts 8.20 g/t Gold Over 0.3 m, 209.0 g/t Silver Over 0...
11/21/2008(Howell)Intersects 22 metres of 0.78 g/t Gold at Howell, BC
11/13/2008(Zymo)Drilling Intersects 72 Metres of 0.72% Copper and 0.54 g/t G...
9/9/2008(Zymo)Drilling Underway At The Zymo Copper-Gold Project
7/22/2008(Howell)Drilling Begins at Howell Gold Project in British Columbia
7/2/2008(Zymo)Crew Mobilized to Zymo Copper-Gold Property, BC
5/28/2008(Ok Property)Drilling Targeted at Expanding Copper-Molybdenum Resource Re...
4/7/2008(Ok Property)New Copper/ Molybdenum/ Rhenium Mineralization Intersected a...
1/17/2008(Zymo)New Copper-Gold Discovery On Zymo Property
1/7/2008(Ok Property (powell River))Announces Completion of Drilling at the Okeover Copper/Molyb...
9/17/2007(Lorraine - Jajay)Drilling Underway at Jajay-Lorraine Project
8/22/2007(Indata)Discovers New Gold Mineralization at Indata
Corporate news of Eastfield Resources Ltd
7/14/2016Eastfield Resources to Commence Field Work
4/29/2016Lorraine Copper Acquires Copper Project in BC
4/7/2016Eastfield Resources Corporate Update
1/16/2014Cambridge and Roundup invitation
10/17/2013on Recent Activities, BC
5/3/2013Outlines New Copper-Molybdenum Anomaly at Okeover
1/17/2013Cambridge and Roundup invitation
10/22/2012(Zymo)Announces Drilling on the Zymo Copper-Gold Project, BC Hole...
5/16/2012Provides Corporate Update
8/25/2011(Kilometre 26)Provides Update on Kilometre 26 Program, BC
5/27/2011(Kilometre 26)Announces Commencement of Kilometre 26 Program, BC
2/11/2010Responds to the BC Government - No Mining in the Flathead Va...
2/19/2009Shareholder Update
7/28/2008Drilling Expands the North Lake Copper-Molybdenum Zone at Ok...
6/13/2008Options Iron Lake Project
4/11/2008 Project Update and Plans for 2008
4/9/2008Eastfield/Lysander Plans Of Arrangement -- Spin-Off Of Lorra...
1/8/2008 Shareholders Approve Spin Off Plan
9/10/2007Okeover Drilling Plans
7/30/2007Releases Drill Results from Okeover Property
7/16/2007Jajay-Lorraine Project Underway
6/8/2006New property added to the Jajay-Lorraine project-2006 progra...
5/3/2006Indata project optioned to Redzone Resources Ltd.
4/5/2006(Okeover (eastfield))OK Copper-Molybdenum project agreement renegotiated
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (ETF.V)Other OTC (ETFLF)
0.050-16.67%0.044+0.00%
TSX-V
CA$ 0.050
09/23 11:16 -0.010
-16.67%
Prev close Open
0.060 0.050
Low High
0.050 0.050
Year l/h YTD var.
0.040 -  0.095 -23.08%
52 week l/h 52 week var.
0.040 -  0.095 -28.57%
Volume 1 month var.
5,016 -9.09%
24hGold TrendPower© : 24
Produces
Develops
Explores for Copper - Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-33.33%
20217.14%0.100.06
202075.00%0.090.00
201933.33%0.070.03
2018-25.00%0.060.03
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75-1.02%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.28-6.82%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+0.67%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.11+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.13-11.98%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.44-8.39%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26-7.14%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.32-5.88%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.95-10.14%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 57.69-8.60%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :