Eastfield Resources Ltd

Published : May 03rd, 2010

The Return of the Zymo Copper-Gold Project

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Monday, May 03, 2010
Eastfield Resources Announces the Return of the Zymo Copper-Gold Project

Vancouver, BC, May 3, 2010 - Eastfield Resources Ltd. "Eastfield" (TSX-V: ETF) has been notified that NGEx Resources Inc. (formerly Canadian Gold Hunter) has terminated its option to earn an interest in the 10,790 hectare Zymo copper-gold property 45 km by road west of Smithers, BC. Eastfield is currently planning the next program on this exciting project and expects to conduct a significant exploration program on the property this season. Eastfield has an option to earn a 100% interest, subject to an NSR, in the Zymo property from a private company.

Eastfield optioned the property in 2007 and completed a reconnaissance exploration program that same year that resulted in the discovery of a new copper-gold porphyry occurrence now named the Hobbes Zone. In 2008 an extensive exploration program of geochemical sampling, geophysical surveying, geological mapping and core drilling significantly expanded the property's potential. An IP chargeability anomaly associated with extensive rock alteration was outlined, extending for over 6.0 km (open ended) with widths of 2.0 to 3.0 km. Within this large area are four exploration targets now known as the FM (where Freeport McMoRan drilled six holes in 1999), Hobbes, RD and URC.

The Hobbes Zone is the most advanced to date and has been tested with nine drill holes. All holes intersected significant mineralization and have outlined an open ended mineralized zone that extends more than 600 m. The most westerly hole, ZY-09-16, intersected the longest interval of mineralization to date and indicates the potential for extensions to the west and south. Hole ZY-09-14 was a vertical hole drilled at the site of ZY-08-9 (72.0 m of 0.72% copper; 0.54 g/t gold) and ZY-09-10 (57.0 m of 0.43% copper; 0.32 g/t gold) and confirmed that mineralization continues to greater depths at this location where a mineralized interval of 273 m was intersected. Drill hole ZY-08-12, located 1.0 km southwest of the Hobbes Zone, intersected 99.00 m of 0.11% Cu and may indicate a significant potential for extending the zone in this direction (for more detail a table summarizing all of Eastfield's drilling results is attached and additional information including maps may be viewed on the website at www.eastfieldresources.com).

The URC target is 1.5 km west of the Hobbes Zone and is characterized by a 1.5 km long coincident copper-gold in soil anomaly. This target is beyond the end of the geophysical grid in an area with no outcrops; however, a sample of mineralized float was found in this area that returned 0.33% copper and 0.22 g/t gold. This untested target further expands the discovery potential for the property.

Eastfield is pleased to have the Zymo property returned with significant advancements and new targets and is very excited about the exploration potential of the project. Eastfield is currently developing plans for a program this season.

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

Glen Garratt, P.Geo, Director.

Eastfield Resources Ltd.

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


About Eastfield Resources:
Eastfield is a Canadian mineral exploration company focused on the discovery of gold and copper deposits; it currently has seven projects in British Columbia and one in Nevada. Current projects include an option to earn a 100% interest in the Zymo copper-gold project; a 100% interest in the Indata gold project; a 40% interest in the Okeover copper-molybdenum joint venture with 60% partner Prophecy Resource Corp. (TSX-V: PCY) and a 100% interest in the Tonopah gold project in Nevada. Projects optioned out include Crowsnest and Howell, optioned to MAX Resource Corp. (TSX-V: MXR); Kilometre 26, optioned to Oroandes Resource Corp. (TSX-V: OAR); and Iron Lake, optioned to Cobre Exploration Corp. (TSX-V: CKB-H). Eastfield trades on the TSX Venture exchange under the symbol "ETF". For more information, please visit the company's website at www.eastfieldresources.com.

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.

Summary of 2008 and 2009 Zymo Drill Results:

HOLE ID

AREA

FROM (m)

TO (m)

Core Length (m)

Cu (%)

Au (g/t)

ZY-08-7

Hobbes

3.05

252.98 eoh

249.93

0.20

0.14

including

 

116.00

182.00

66.00

0.33

0.20

ZY-08-8

Hobbes

3.05

237.74 eoh

234.69

0.20

0.12

including

 

51.00

111.00

60.00

0.39

0.26

ZY-08-9

Hobbes

3.05

256.02

252.97

0.32

0.23

including

 

3.05

162.00

158.95

0.44

0.32

including

 

15.00

87.00

72.00

0.72

0.54

ZY-08-10

Hobbes

3.05

162.00

158.95

0.31

0.21

including

 

18.00

75.00

57.00

0.43

0.32

ZY-08-11

Hobbes West

6.10

153.00

146.90

0.16

0.10

ZY-08-12

Hobbes

51.00

150.00

99.00

0.11

0.05

ZY-09-13

Hobbes

3.00

428.00

425.00

0.15

0.09

including

 

255.00

381.00

126.00

0.20

0.15

ZY-09-14

Hobbes

3.00

276.00

273.00

0.23

0.15

including

 

9.00

108.00

99.00

0.36

0.25

including

 

33.00

93.00

60.00

0.44

0.30

ZY-09-15

Hobbes

33.00

441.00

408.00

0.21

0.11

including

 

87.00

153.00

66.00

0.33

0.20

including

 

297.00

318.00

21.00

0.31

0.18

ZY-09-16

Hobbes

30.00

369.00

339.00

0.23

0.13

including

 

139.00

330.00

171.00

0.31

0.18

including

 

201.00

279.00

78.00

0.41

0.26

ZY-09-17

FM

9.00

42.00

33.00

0.13

0.11

You can also view this News Release on our website at:
http://www.eastfieldresources.com/s/NewsReleases.asp?ReportID=397602

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, KILOMETRE 26, ZYMO, INDATA, IRON LAKE - EASTFIELD / LYSANDER, OKEOVER (EASTFIELD) and TONOPAH (THREE HILLS) 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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