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Eastfield Resources Ltd

Publié le 28 juillet 2008

Drilling Expands the North Lake Copper-Molybdenum Zone at Okeover, BC

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Monday, July 28, 2008
Drilling Expands the North Lake Copper-Molybdenum Zone at Okeover, BC

Vancouver, BC, July 28, 2008 - Eastfield Resources Ltd. ("Eastfield") (TSX-V: ETF) is pleased to announce that Prophecy Resource Corp ("Prophecy") (TSX-V: PCY) has now received the final results of a drill program recently completed at the Okeover project located near the city of Powell River in south-western coastal British Columbia. In late 2006, N.C. Carter, PhD, P.Eng. completed a technical report on the Okeover Property pursuant to National Instrument 43-101 that estimated an inferred mineral resource of 86.8 million tonnes grading 0.31% copper and 0.014% MoS2 at a 0.20% copper cut-off grade. Prophecy plans to commission Dr. Carter to evaluate a revised North Lake resource later in the year.

The most significant result of the current program was hole OK-08-03, which intersected 45.5 metres grading 0.33% copper and 0.003% molybdenum including 12 metres grading 0.41% copper and 0.001% molybdenum. This hole was drilled 90 metres to the south of the nearest hole in the North Lake resource area and indicates a potential for further southerly extension for the mineralized zone. The North Lake Zone is one of eight known areas of significant copper-molybdenum mineralization on the Okeover project which is located a short distance from a deep water Pacific Ocean port.

A summary of significant drill results for the May-June 2008 programs are as follows:

Hole

Intercept (m)

From
(m)

To (m)

Cu
%

Mo
%

OK-08-01
Including

57.0
42.0

113.0
122.0

170.0
164.0

0.30
0.33

0.003
0.003

OK-08-02
And

26.3
16.5

72.5
107.3

98.8
123.8

0.26
0.33

0.002
0.003

OK-08-03
Including
Including

198.5
45.5
12.0

39.5
39.5
73.0

238.0
85.0
85.0

0.16
0.33
0.41

0.001
0.003
0.001

OK-08-04

2.2

98.2

98.0

0.21

0.004

OK-08-05

46.4

2.1

48.5

0.10

0.001



Hole OK-08-06, drilled three kilometres further to the south returned only anomalous values with individual three metres sample intervals returning values up to 0.28% Cu and 0.029% Mo.

Prophecy is earning a 60% interest in the OK property from Eastfield by incurring $1,000,000 of mineral exploration expenditures on the property and making cash and/or share payments totaling $110,000. Prophecy has satisfied its work obligations to earn its 60% interest.

J.W. (Bill) Morton P.Geo is the qualified person pursuant to National Instrument 43-101 guidelines who takes responsibility for this news release.

- more -

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=313258

Eastfield Resources Ltd

EXPLORATEUR
CODE : ETF.V
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.

Ses principaux projets en exploration sont CROWSNEST, HOWELL, ZYMO, KILOMETRE 26, INDATA, TONOPAH (THREE HILLS), IRON LAKE - EASTFIELD / LYSANDER et OKEOVER (EASTFIELD) au Canada.

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Présentations des Compagnies de Eastfield Resources Ltd
26/09/2007CEO Presentation
Rapports annuels de Eastfield Resources Ltd
Annual report 2007
Projets de Eastfield Resources Ltd
28/08/2013Commences Exploration at Iron Lake, BC
14/08/2012Acquires Two New Copper-Gold Projects
26/07/2012(Zymo)Announces Drilling Program Start-up on Zymo Copper-Gold Proj...
03/04/2012(Kilometre 26)Announces Distribution of Shares of Fort St. James Nickel Co...
21/02/2012(Indata)Announces New Gold and Nickel Targets at Indata
08/12/2011(Zymo)Reports Zymo Drill Results
30/11/2011(Kilometre 26)Provides Update on Drilling and Sale of Kilometre 26
12/09/2011(Kilometre 26)Announces 100% Sale of Kilometre 26 Project
25/08/2011(Zymo)Announces Commencement of Drilling at the Zymo copper-gold p...
04/08/2011(Zymo)Announces Commencement of $2 Million Exploration Program at ...
20/06/2011(Zymo)Announces Option Granted on the Zymo copper-gold project, BC...
19/05/2010(Indata)Signs Agreement to Option Out Indata Gold-Copper Project, BC
03/05/2010(Zymo)The Return of the Zymo Copper-Gold Project
14/09/2009(Zymo)Drilling at Zymo Copper-Gold Project Significantly Expands M...
27/07/2009(Howell)Drill Program Planned at Eastfield's Crowsnest and Howell Go...
15/07/2009(Zymo)Crew Mobilized to Zymo Gold Copper Project, BC
24/02/2009(Kilometre 26)Acquires Gold Property in British Columbia
07/01/2009(Indata)Intercepts 8.20 g/t Gold Over 0.3 m, 209.0 g/t Silver Over 0...
21/11/2008(Howell)Intersects 22 metres of 0.78 g/t Gold at Howell, BC
13/11/2008(Zymo)Drilling Intersects 72 Metres of 0.72% Copper and 0.54 g/t G...
09/09/2008(Zymo)Drilling Underway At The Zymo Copper-Gold Project
22/07/2008(Howell)Drilling Begins at Howell Gold Project in British Columbia
02/07/2008(Zymo)Crew Mobilized to Zymo Copper-Gold Property, BC
28/05/2008(Ok Property)Drilling Targeted at Expanding Copper-Molybdenum Resource Re...
07/04/2008(Ok Property)New Copper/ Molybdenum/ Rhenium Mineralization Intersected a...
17/01/2008(Zymo)New Copper-Gold Discovery On Zymo Property
07/01/2008(Ok Property (powell River))Announces Completion of Drilling at the Okeover Copper/Molyb...
17/09/2007(Lorraine - Jajay)Drilling Underway at Jajay-Lorraine Project
22/08/2007(Indata)Discovers New Gold Mineralization at Indata
Communiqués de Presse de Eastfield Resources Ltd
14/07/2016Eastfield Resources to Commence Field Work
29/04/2016Lorraine Copper Acquires Copper Project in BC
07/04/2016Eastfield Resources Corporate Update
16/01/2014Cambridge and Roundup invitation
17/10/2013on Recent Activities, BC
03/05/2013Outlines New Copper-Molybdenum Anomaly at Okeover
17/01/2013Cambridge and Roundup invitation
22/10/2012(Zymo)Announces Drilling on the Zymo Copper-Gold Project, BC Hole...
16/05/2012Provides Corporate Update
25/08/2011(Kilometre 26)Provides Update on Kilometre 26 Program, BC
27/05/2011(Kilometre 26)Announces Commencement of Kilometre 26 Program, BC
11/02/2010Responds to the BC Government - No Mining in the Flathead Va...
19/02/2009Shareholder Update
28/07/2008Drilling Expands the North Lake Copper-Molybdenum Zone at Ok...
13/06/2008Options Iron Lake Project
11/04/2008 Project Update and Plans for 2008
09/04/2008Eastfield/Lysander Plans Of Arrangement -- Spin-Off Of Lorra...
08/01/2008 Shareholders Approve Spin Off Plan
10/09/2007Okeover Drilling Plans
30/07/2007Releases Drill Results from Okeover Property
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08/06/2006New property added to the Jajay-Lorraine project-2006 progra...
03/05/2006Indata project optioned to Redzone Resources Ltd.
05/04/2006(Okeover (eastfield))OK Copper-Molybdenum project agreement renegotiated
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