Eastfield Resources Ltd

Published : January 07th, 2009

Intercepts 8.20 g/t Gold Over 0.3 m, 209.0 g/t Silver Over 0.5 m at Indata

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Antimony | Bismuth |

Wednesday, January 07, 2009
Eastfield Intercepts 8.20 g/t Gold Over 0.3 m, 209.0 g/t Silver Over 0.5 m at Indata

Vancouver, BC, January 7, 2009 - Eastfield Resources Ltd. "Eastfield" (TSX-V: ETF) and MAX Resource Corp. "MAX" (TSX-V: MXR) have received the assays from five Diamond drill holes (1,035 metres) completed in October on the Indata property in northern B.C., located 120 km north of Fort St. James.

There are two exploration targets on the Indata property, a porphyry copper target and a structurally controlled precious metal vein target. The 2008 exploration program consisted of one drill hole (08-I-01) in the porphyry copper target and four holes (08-1-02 to 08-I-05) in the precious metal vein target.

The precious metal target was tested over a distance of 1,500 metres following the upslope trend of an arsenic soil geochemical anomaly believed to define a structural feature which has previously returned a number of gold-silver intercepts, including a 4.0 metre intercept grading 46.20 g/t gold from a 1988 drill program by Eastfield. A number of core samples from the recent drilling returned a number of narrow gold and/or silver intercepts with associated arsenic and bismuth values. Significant results are summarized as follows:

Hole

From
(m)

To
(m)

Sample Length (m)

Copper
%

Gold
g/t

Silver
g/t

08-I-01

18.3

181.7

163.4

0.14

-

-

including

123.0

150.0

27.0

0.27

-

-

08-I-02

76.5

76.8

0.3

0.18

8.20

4.4

08-I-03

36.7

38.3

1.6

0.14

0.42

79.9

including

37.2

37.7

0.5

0.13

0.40

209.0



Mineralization being targeted at Indata is modeled after the prolific Motherlode deposits in California, where cumulative production has exceeded in excess of 100 million ounces of gold. A key assumption to the model is the occurrence of gold-silver mineralization along the Pinchi Fault trend in the Indata region of central BC being analogous to the Melones Fault in the Motherlode region of California. New exposures of precious metal mineralization which are located 800 to 2,000 metres further to the north were made in 2007 when excavator trenches exposed narrow veins which returned samples including 17.16 g/t gold and 9.84 g/t gold respectively. The 2007 vein material was again found to be highly anomalous in arsenic, bismuth, antimony, mercury, selenium and tellurium providing a signature for gold mineralization of this type. This area was not tested in the current program and a robust soil anomaly also discovered in 2007 remains to be tested as well.

MAX is currently reviewing the 2007 exploration data along with data from the 1988 Placer Dome funded exploration program with the objective of evaluating and determining the geologic controls for the mineralized system at Indata in order to define possible drill targets for the 2009 exploration season. MAX is very pleased with confirming high-grade values from historic exploration in drill hole 08-I-02 and will be modeling the work done in the eighties and nineties to better define the structurally controlled target. Examination of the 2007 exploration trenches will also help to understand the system and to locate exploration targets.

Analysis was performed by Acme Analytical Laboratories, a certified facility in Vancouver, BC, using multi-element (ICP-ES) techniques. Bruce Laird, P.Geo., Mincord Exploration Consultants Ltd., supervised the 2008 drilling program and sampling protocol. J.W. Morton, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.

signed
J.W. Morton, P.Geo.

Officer and Director
Eastfield Resources Ltd.

Contact:

Paul Way, Business Development Manager
(604) 681-7913 or Toll Free: 888-656-6611


About Eastfield Resources:

Since its inception in 1987, Eastfield has utilized a successful business strategy that involves securing third party exploration financing on its projects. Eastfield has six projects located 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). Lorraine Copper (TSX-V: LLC) and Cariboo Rose Resources (TSX-V: CRB) have their origins in Eastfield, demonstrating the success of the business model.

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.

You can also view this News Release on our website at:
http://www.eastfieldresources.com/s/NewsReleases.asp?ReportID=333435

<

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, KILOMETRE 26, ZYMO, INDATA, IRON LAKE - EASTFIELD / LYSANDER, OKEOVER (EASTFIELD) and TONOPAH (THREE HILLS) 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)
0.045-10.00%0.037+19.35%
TSX-V
CA$ 0.045
09/30 14:21 -0.010
-10%
Prev close Open
0.050 0.050
Low High
0.045 0.050
Year l/h YTD var.
0.040 -  0.095 -30.77%
52 week l/h 52 week var.
0.040 -  0.095 -25.00%
Volume 1 month var.
38,133 -18.18%
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
2022-40.00%
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$ 7.83+1.56%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$ 3.69+13.19%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 0.58+0.69%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.10-9.09%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.46+1.23%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$ 7.10+1.72%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24-5.77%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.35+1.45%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$ 2.37+6.76%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 65.33+8.65%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 :