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Monday, February 23, 2009
Eastfield Acquires Gold Property in British Columbia
Vancouver, BC, February 23 2009 - Eastfield Resources Ltd. (TSX-V: ETF)
("Eastfield") has recently staked a new property in British
Columbia named Kilometre 26. The property is located 55 kilometres northwest
of Fort St. James and is easily accessed by a major industrial road.
The property, which covers approximately 1,840 ha, is centred and extends 15
km along the regional Pinchi Fault Zone. The property was staked to cover the
area where, in 1983, Cominco discovered a boulder which repeatedly returned
assay grades ranging around 8.1 g/t gold. The style of mineralization and
alteration encountered on the property with the boulder is similar to what
has been called Mariposite Ore, in the historic Motherlode district of
California.
The Pinchi Fault is a major structural feature that separates distinct
geological terranes. It extends in a northwesterly orientation for more than
450 kilometres. Current hot spring activity on the Pinchi Fault at Tchentlo
Lake, located 50 kilometres to the north of the Kilometre 26 property,
confirms that this activity continues.
The Pinchi Fault with its terrane bounding character, ultramafic intrusive
affinities, mercury mineralization and hot spring activity is analogous to
the Melones Fault (Motherlode District) and the Stony Creek Fault (Mclaughlin
Mine), both in California, and offers potential for hosting major gold
deposits. Much of the area is overburden covered. Eastfield is inviting joint
venture partners to fund exploration on Kilometre 26.
Bill Morton, P.Geo., who is a qualified person within the context of National
Instrument 43-101, has read and takes responsibility for this news release.
Bill Morton, P.Geo.
CEO 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 seven 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).
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=339079
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