Eastfield Resources Ltd

Published : May 03rd, 2013

Outlines New Copper-Molybdenum Anomaly at Okeover

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Keywords :   Coal | Copper | Gold | Iron | Molybdenum | Report | Silver |

Friday, May 03, 2013
Eastfield Resources Outlines New
Copper-Molybdenum Anomaly at Okeover

Vancouver, BC, May 3, 2013, Eastfield Resources Ltd. ("Eastfield") (TSX-V: ETF) and joint venture partner Prophecy Coal Corporation ("Prophecy") (TSX-V: PCY) have filed a report detailing the 2012 program at the Okeover (OK) project, located northeast of the community of Powell River, for assessment requirements (Eastfield 40% and Prophecy 60%).

The OK property, which is situated approximately 150 kilometres northwest of the City of Vancouver, represents a prospective copper-molybdenum porphyry system located along the south coast of British Columbia. The 2012 program expanded on a program of geochemical and geophysical surveying initiated at Okeover in 2010 and furthered in 2011. It consisted of grid expansions and soil sampling to follow up on encouraging results including the 2011 delineation of a well-defined 2+ kilometre-long open-ended Induced Polarization anomaly and very strong soil geochemical results from 2010 which included copper values to 53,100 ppm (+5% Cu) and soil molybdenum values to 1,361 ppm (+0.13% Mo). The grid expansions completed in 2012 have outlined a new robust soil copper anomaly approximately one kilometre southwest of the North Lake Zone in an area well beyond the limits of the 2011 geophysical survey. In this area a number of soil samples exceed 400 ppm Cu up to 2,037 ppm and a number of soil samples exceed 50 ppm Mo up to 90.6 ppm.

The North Lake Zone is one of eight zones of copper-molybdenum mineralization so far discovered in a five kilometre-long interval on the Okeover property. It is the only zone with sufficient drilling to allow the calculation of an inferred mineral resource. A technical report authored by N.C. (Nick) Carter PhD, P.Eng. calculates an NI 43-101 compliant inferred mineral resource for the North Lake Zone of 86.8 million tonnes grading 0.31% copper and 0.014% MoS2 (at a 0.20% Cu cutoff). The North Lake Zone coincides with the 2010 IP anomaly occupying approximately 30% of the long dimension of this anomaly suggesting considerable potential for expansion (An interpretive figure has been posted at http://www.eastfieldresources.com/s/OK.asp).

Eastfield and Prophecy have not finalized a 2013 program but are encouraged by the recent results and will announce the next program later in the season.

J.W. (Bill) Morton P. Geo, president of Eastfield Resources Ltd. is the Qualified Person who takes responsibility for this news release.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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 project in BC, a 100% interest in the Tonopah-Hughes gold-silver project in Nevada, a 100% interest in the Iron Lake-Hidden One copper, gold and PGE project in BC and a 100% interest in the Naggie base and precious metal project in BC. The company owns a 40% ownership in the Okeover copper-molybdenum project in BC, partnered with Prophecy Resource Corp. (TSX-V: PCY). The company owns the Indata copper-gold project in BC which is currently optioned to Oceanside Capital Corp. (TSX-V: OCC) who can earn up to a 60% interest. Eastfield has cash and marketable securities in excess of $2,000,000 and trades on the TSX Venture exchange under the symbol "ETF". For more information, please visit the company's website at www.eastfieldresources.com.

You can also view this News Release on our website at:
http://www.eastfieldresources.com/s/NewsReleases.asp?ReportID=583316

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
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
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