Eastfield Resources Ltd

Published : January 17th, 2008

New Copper-Gold Discovery On Zymo Property

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Thursday, January 17, 2008
New Copper-Gold Discovery On Zymo Property

Eastfield Resources Ltd. (TSX-V: ETF) ("Eastfield") has received assay results from a reconnaissance exploration program completed late last fall on the Zymo property, located 40 km west of Smithers, BC. A new area of porphyry style mineralization has been discovered by prospecting approximately 4.5 km west of the main showing. Grab samples from this area returned copper values to 0.33% and gold values to 1.13 g/t indicating a significant copper gold system associated with a magnetic high that measures 1.0 km in length. The host rocks are intensely altered intrusives.

New Discovery Area:
In the area of the new discovery, three short (400-500 metres long) soil sampling lines on the outer edges of the magnetic high all showed strongly anomalous copper, gold and molybdenum indicating an area of at least 1.0 x 1.0 km warranting more detailed exploration. Thirteen grab samples were taken in this general area and copper values ranged from 17 ppm to 3,295 ppm and gold values ranged from detection level to 1,130 ppb. The samples from the southern periphery of the magnetic high were not well mineralized while the samples from the centre to northern edge of the magnetic high were better mineralized; these latter samples are highlighted in the following table:

Sample No.

% Cu*

g/t Au*

147553

0.31

0.28

147554

0.18

0.08

147555

0.14

0.03

147556

0.20

0.09

147559

0.08

0.11

147560

0.17

1.13

147561

0.33

0.18



*converted from ppm Cu and ppb Au, respectively

The main showing area, in the eastern portion of the property last saw ground exploration in 1999 when six core holes were drilled at broad spacing, outlining a large copper-gold porphyry system (see news release dated June 11, 2007 for a summary). In late 2004 an airborne geophysical survey was completed over a large portion of the property but was not followed up until Eastfield completed its initial program last fall. It was this airborne survey and in particular the observance of a number of discrete magnetic high features flanking a major regional northwest linear trend or structure that directed the reconnaissance program which led to the discovery.

Main Showing Area:
In the main showing area it was determined that some of the 1999 drill locations had been plotted incorrectly and that the main showings had not been tested. Chip sampling along a creek exposure of moderately surface-leached outcrop along a distance of 85 m, with sampling at 5 m intervals, returned 0.13% copper and 0.26 g/t gold. Grab samples in this area have returned up to 1.0% copper. Another new showing was located by prospecting 800 m southeast of the main showing where a grab sample returned a grade of 0.92% copper, 0.26 g/t gold and 4.5 g/t silver. This sample displays intense sheeted quartz-sulphide veinlets that are cut by later sulphide and quartz veinlets. The nearest drill holes are over 500 m to the southeast and to the west, respectively.

Reconnaissance:
Several reconnaissance soil sampling lines were completed with the objective of locating new targets. Two lines were placed at the north end of the historical grid and the analytical results show that the gold-copper soil anomaly has been extended approximately 400 m to the north and 300 m to the west indicating an anomaly measuring 1.5 by 1.5 km and remaining open-ended to the north. Sample lines spaced at 400-500 m between the main area and the new discovery show anomalous values in copper and gold, but no outcrop was located. This area will need further exploration.

Plans for 2008:
Eastfield management is excited about the new developments on the Zymo property and their bearing on the potential for new discoveries. An aggressive exploration program is being planned for the 2008 season. Several companies have shown interest in participating in the property, and the company is inviting joint venture partners. Eastfield has the option to earn a 100% interest in the Zymo property. The 10,250 hectare property is accessed by good quality logging roads from Smithers.

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. Bob Johnston, P.Geo. of Mincord Exploration Consultants Ltd. supervised the field work on the Zymo project including the geochemical sampling protocol. Analyses were performed by Acme Analytical Laboratories, a certified facility located in Vancouver, BC, using multi-element (ICP-ES) procedures, with gold and silver determined by fire assay procedures.

G.L.Garratt, 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. At present, Eastfield has seven projects located in British Columbia and one in Nevada. Currently optioned projects include Okeover, optioned by Prophecy Resource Corp. (TSX-V: PCY); Iron Lake, optioned by Avion Resources Corp. (TSX-V: AVR); and Lorraine-Jajay, optioned by Teck-Cominco Limited (TSX: TCK.B) and soon to be spun-off as Lorraine Copper Corp. (TSX-V: LCC) (Pending regulatory approval).


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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Eastfield Resources Ltd

EXPLORATION STAGE
CODE : ETF.V
ISIN : CA27724D1096
CUSIP : 27724D109
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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.

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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
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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
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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
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