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Eastfield Resources Ltd

Publié le 27 juillet 2009

Drill Program Planned at Eastfield's Crowsnest and Howell Gold Projects in Southeastern BC

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Monday, July 27, 2009
Drill Program Planned at Eastfield's Crowsnest and Howell Gold Projects in Southeastern BC

Vancouver, BC, July 27 2009 - Eastfield Resources Ltd. "Eastfield" (TSX-V: ETF) is pleased to announce that partner MAX Resource Corp. "MAX" (TSX.V: MXR) plans to conduct further drilling and exploration at the Howell Gold property in southeastern BC and has amended the Howell Option Agreement to include the nearby Crowsnest gold property.

The Howell Gold Project is comprised of 4,376 hectares in southeast B.C. located one hour by gravel road south of Sparwood, straddling the drainages of Twenty-Nine Mile Creek and Howell Creek. The Crowsnest gold project consists of fifteen claims totaling 3,142 hectares located approximately 10 km southeast of the Howell property.

Crowsnest Gold Project

Gold mineralization at the Crowsnest gold project occurs in limestone, siltstone and syenite. The property is underlain by a thick sequence of Pennsylvanian and Mississippian carbonate and clastic rocks, of which the Mississippian Rundle Group shows the greatest exposure. Mid-Cretaceous syenite and trachyte intrusions as sills, dykes, plugs and possible diatremes intrude these units. Several grids have already been established, including the "A", "B" and "K" grids, which led to the discovery of significant high grade gold.

Many float and rubble samples on the "B" Grid have returned extraordinarily high gold analyses. This includes a float sample collected in 1989 by Placer Dome Inc., described as an intrusive breccia that returned a gold assay of 524.41 g/t gold. Other high grade float samples have returned assays to 620.0 g/t gold.

One bedrock source of mineralization was discovered in 1996 and trenched by Eastfield in 1999, resulting in a trench intercept of 8.57 g/t gold over 16.5 metres. The 1999 area of focus, referred to as the Discovery Trench Area, has been the centre of most of the exploration activity completed at Crowsnest during exploration conducted in 1999, 2002, 2003 and 2006. The most recent exploration at Crowsnest in 2006 entailed road reconstruction and mechanical trenching, again largely in the Discovery Trench Area. Other areas that have also yielded high grade float samples have had only rudimentary work completed. A review of the database calculates an average gold grade for float samples exceeding 1.0 g/t to be 32.66 g/t (36 determinations) with a corresponding copper grade of 0.23% (34 determinations).

In June 2009, MAX made a site visit at Crowsnest to review the previous field work and assess the potential of the property. Prior drill sites and trenches were observed and samples collected. One sample of gossan was examined and free gold was found which had never been reported by historic workers. Assay results are pending.

Exploration activity planned for 2009 at Crowsnest will be to continue exploring the discovery trench with close-spaced drill holes to determine the extent of the high grade mineralization and to define the direction and extent of the mineralized structure. There are also other areas where gossanous mineralization has been discovered, and these will also be tested.

Howell Gold Project

The Howell gold property is underlain by a thick sequence of Paleozoic limestones and sedimentary rocks and older Proterozoic sediments. Mid-Cretaceous intrusions occurring as sills, dykes, plugs and diatremes intrude these units. Gold mineralization occurs disseminated in limestone and with quartz stockworks in syenite intrusives and Proterozoic sediments.

MAX completed twelve holes totaling 1,312 metres of NQ core at Howell in 2008 and two new soil grids were established. Two distinct styles of mineralization were targeted; the first being carbonate-hosted gold and the second being carbonate replacement mineralization.

Earlier drilling intersected 1.23 g/t gold over 58 metres, 0.95 g/t gold over 39 metres, 0.65 g/t gold over 82 metres, and 0.57 g/t gold over 149 metres. The best intercept from the 2008 drill program was 22 metres of 0.78 g/t gold. One of the 2008 soil grids (the southeastern grid) is believed to indicate carbonate replacement mineralization with a number of samples collected returning anomalous values in gold, silver, zinc and lead including values to 130 g/t silver and 1.4% lead. The southeastern soil grid also served to fill in an area to the north of manto-style zinc, lead and silver mineralization which was identified during reverse circulation drilling completed by Placer Dome in 1988 (HRC-2 with 7.5 metres grading 2.4% Zn, 0.40% Pb and 15.3 g/t Ag).

A drill permit application has been filed with the objective to drilling this target in the fall of 2009 in conjunction with drilling that has been permitted at the nearby Crowsnest Gold property.

Option Terms

MAX and Eastfield have agreed to amend the prior Howell agreement to allow MAX to earn a 60% interest in either the Howell project or the Crowsnest project or both over a four-year period. In the initial stage of this earn-in, MAX must make cash payments totaling $60,000 to Eastfield (of which $10,000 was paid on signing), issue 100,000 shares to Eastfield (50,000 shares in the first year) and complete aggregate exploration expenditures on both properties of $400,000 by the second anniversary date (June 30, 2011).

To complete its Howell earn-in, MAX must make further cash payments to Eastfield of $90,000, issue 400,000 shares and spend a further $700,001 on exploration at Howell prior to June 30, 2013. MAX will also be responsible for its portion of the $200,000 payment due to Goldcorp Inc. and Teck Cominco Metals Limited by August 31, 2010 pursuant to Eastfield's underlying option agreement with them.

To complete its Crowsnest earn-in, MAX must make further cash payments to Eastfield of $90,000, issue 400,000 shares and spend a further $1,050,000 on exploration at Crowsnest prior to June 30, 2013.

MAX has also decided not to proceed with a separate option on Eastfield's Indata gold project in Central BC.

J.W. 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.

J.W. Morton, P.Geo.

Officer and Director
Eastfield Resources Ltd.

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

About Eastfield Resources:
Eastfield is a prospect generator whose business strategy involves securing third party exploration financing on its projects. Eastfield has seven projects 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); Howell and Crowsnest, 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. 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:



Eastfield Resources Ltd

ISIN : CA27724D1096
CUSIP : 27724D109
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Eastfield est une société d’exploration minière basée au Canada.

Eastfield détient divers projets d'exploration au Canada.


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