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Friday, November 21, 2008
Eastfield Intersects 22 metres of 0.78 g/t Gold at Howell, BC
Vancouver, BC, November 21, 2008 - Eastfield Resources Ltd. "Eastfield" (TSX-V: ETF) and MAX Resource Corp. (TSX.V: MXR) are pleased to report the drilling results at the Howell gold project in south-eastern B.C., located approximately 40 kilometres southeast of the city of Fernie.
Twelve holes totaling 1,312 metres of NQ core were completed and two new soil grids established. Two distinct styles of mineralization were targeted; the first being carbonate hosted gold and the second being carbonate replacement mineralization (commonly referred to as "CRD").
The highlights of the 2008 drilling are as follows:
|
Hole |
From (m) |
To (m) |
Width (m) |
Gold g/t |
|
HW-08-06 ext |
23.7 |
204.0 |
180.7 |
0.26 |
|
including |
23.7 |
74.0 |
50.7 |
0.47 |
|
HW-08-07 |
88.1 |
92.0 |
3.9 |
0.65 |
|
and |
132.0 |
138.0 |
6.0 |
0.53 |
|
HW-08-09 |
8.5 |
129.0 |
120.5 |
0.30 |
|
including |
8.5 |
30.5 |
22.0 |
0.78 |
|
HW-08-10 |
8.0 |
10.0 |
2.0 |
0.79 |
|
HW-08-15 |
23.3 |
68.0 |
44.7 |
0.41 |
|
including |
23.3 |
44.0 |
20.7 |
0.53 |
At Howell, disseminated gold mineralization occurs in limestone and as quartz stockworks in limestone and syenite intrusives. Prior drilling included 1.23 g/t gold over 58 metres, 0.95 g/t gold over 39 metres, 0.65 g/t gold over 82 metres, and 0.57 g/t gold over 149 metres.
No CRD mineralization was identified in drill core although one of the soil grids (the southeastern grid) is believed to indicate such mineralization with a number of samples collected in 2008 returning very anomalous values in gold, silver, zinc and lead including values to 130 g/t silver and 1.4% lead in soil. Hole HW-08-12 and HW-08-13 were drilled during the current program to test for CRD mineralization in the area where reverse circulation hole HRC-15, drilled by Placer Dome in 1988, had intersected 7.6 metres of apparent CRD mineralized dolomite grading 1.5% zinc, 1.4% lead, and 53.2% silver. Holes HW-08-12 and HW-08-13 were lost at 35 and 86 metres respectively, well short of the target depth, due to drilling difficulties.
A number of additional targets exist at the Howell including a stockwork quartz system in limestone that has returned up to 3 grams gold in previous sampling and will be considered for further work in 2009. Of the 119 samples collected in 2008 on the southeastern grid, which is 1.5 kilometres to the south of the 2008 CRD drill targets, 16 exceeded 100 ppm gold (maximum 714 ppb), 27 exceeded 500 ppm zinc (maximum 9,527 ppm) and 9 exceeded 400 ppm lead (maximum 14,000 ppm). The southeastern grid was established in 2008 to fill in an area to the north of manto style zinc, lead, silver mineralization identified in reverse circulation drilling completed by Placer Dome in 1988 (HRC-2 with 7.5 metres grading 2.4% Zn, 0.40% Pb and 15.3 g/t Ag). Reconnaissance prospecting in this area, completed by Eastfield in 1999, sampled a 300 metre northeast trending syenite intrusive that returned a value of 2.75 grams gold from the single sample collected. Review of a subsequent airborne geophysical survey completed in 2004 collaborated this feature and highlighted it for the current program.
J.W. Morton, P.Geo is the qualified person who has reviewed and takes responsibility for this news release.
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=329035 |