Eastfield Resources Ltd

Published : February 19th, 2009

Shareholder Update

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Thursday, February 19, 2009
Shareholder Update

Eastfield had a great year in 2008. Despite difficult markets we are well financed, have no debt and the majority of exploration in 2009 will be funded by option partners.

A new discovery: Zymo

We wanted to take this opportunity to share some of the reasons we feel the Zymo property, accessible by road west of Smithers BC, is one of the most prospective gold-copper properties in BC. The mineralization at Zymo is porphyry style which is typical of large open-pit type deposits. In 2008 at the Hobbes zone, we drilled a near surface 72.0 metres of 0.54 g/t gold and 0.72% copper. Hobbes is located on the west end of an 8 km by 2 km Induced Polarized (IP) anomaly that has seen little or no exploration and no deep drilling. The IP anomaly indicates the size of the alteration/mineralizing event and this anomaly is considered to be very large. The property is optioned to Canadian Gold Hunter and they will be letting us know about their exploration plans for 2009 shortly.

Click on the link below to see a 3D model and interactive cross sections showing the initial drill results from the Hobbes Zone which were announced on November 13th, 2008.
You can clearly see how all the holes intersected significant mineralized intervals.
http://www.corebox.net/properties/zymo/

A new property: Kilometer 26

Eastfield has recently staked the Kilometer 26 project in central British Columbia approximately 55 kilometres northwest of Fort St. James. The property was staked to cover the area where, in 1983, Cominco discovered a large boulder which repeatedly graded 8.1 grams per tonne gold. The property lies along a major regional structure known as the Pinchi Fault which potentially is host to the mineralization. Much of the area is overburden covered.

The property covers fifteen kilometres of the Pinchi fault trace (1,840 hectares). The style of mineralization and alteration encountered at Kilometre 26 with the boulder is similar to what has been called Mariposite Ore, in the prolific Motherlode district of California.

We look forward to finding an option partner to fund exploration on this property. To find out more about Kilometre 26, click here:
http://www.eastfieldresources.com/s/Kilometre26.asp

A new program: Iron Lake

We are looking forward to another exploration season at the Iron Lake property, near 100 Mile, BC. Cobre Resources will be funding the program which will consist of trenching, sampling and mapping to be followed up with a drill program.

Other Properties

MAX Resource Corp., Eastfield's option partner on the Indata project and the Howell project has not yet indicated it's plans for these projects, but it is still early in the year, so we remain hopeful.

You can also view this News Release on our website at:
http://www.eastfieldresources.com/s/NewsReleases.asp?ReportID=338666

 

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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
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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