|
Tuesday, July 22, 2008
Drilling Begins at Howell Gold Project in British
Columbia
Vancouver, BC, July 22, 2008 - Eastfield Resources Ltd.
("Eastfield") (TSX-V: ETF) is pleased
to announce that MAX Resource Corp. (TSX.V: MXR) has
commenced this year's exploration program at the Howell property. The 4,376
hectare Howell property is located in southeast BC, one hour by gravel road
south of Sparwood, straddling the drainages of Twenty-Nine Mile Creek and
Howell Creek.
At Howell Creek, gold mineralization occurs disseminated in limestone and
with quartz stockworks in syenite intrusives and Proterozoic sediments. Prior
drilling has included 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. A
diamond drill hole from 2006, collared to the west of the surface expression
of the important Palaeozoic limestone, penetrated a near surface fault and
intersected 43 metres of limestone grading 0.42 g/t gold to the bottom of the
hole at 66 metres. The last sample in this hole graded 0.44 g/t gold,
indicating a need to drill deeper and test the target along strike. The
proposed first hole of the current program will deepen this hole to
approximately 200 metres.
An important additional target that will be tested in the current program is
a carbonate replacement deposit (CRD) type in the general vicinity of HRC-15,
drilled in 1988 by Placer Dome Inc. This hole, located 1,100 metres to the
west of the proposed first hole of the current program, intersected 7.6
metres grading 51.5 g/t silver, 1.98% lead, 1.87% zinc, and 0.32 g/t gold.
MAX plans to drill a minimum of 1,000 meters at Howell, which is one of two
exploration projects in British Columbia recently optioned from Eastfield as
announced in the news release of June 9, 2008. MAX can earn a 60% interest in
the Howell project over a three year period by making cash payments, issuing
shares and completing exploration expenditures of $1.25 million.
Bill Morton, P.Geo, has acted as the qualified person as defined in National
Instrument 43-101 for the purpose of the release of the technical information
contained herein.
Bill Morton
J.W. (Bill) Morton, P. Geo
President and CEO
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. 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). Lorraine Copper
(TSX-V: LLC) and Cariboo Rose Resources (TSX-V: CRB) have their origins in
Eastfield, demonstrating the success of the business model.
The TSX - Venture Exchange has not reviewed
and does not accept responsibility for the adequacy or accuracy of this
release.
You can also view this News Release on our website at:
http://www.eastfieldresources.com/s/NewsReleases.asp?ReportID=312753
|