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Eastfield Resources Ltd

Publié le 17 octobre 2013

on Recent Activities, BC

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Mots clés associés :   Cobalt | Copper | Nickel |

Thursday, October 17, 2013
Eastfield Resources Update on Recent Activities, BC

Vancouver, BC, October 17, 2013, Eastfield Resources Ltd. ("Eastfield") (TSX-V: ETF) wishes to provide an update of recent activity.

During 2013 the company continued to work on several of its projects including Iron Lake, Indata and the Naggie property, which was staked in 2012 to cover a strong iron oxide gossan located in the Chilcotin region of BC. One new property named Hedge Hog was staked. It is located 20 km north of the community of Wells in central BC. The property was staked to cover massive sulphide boulders of volcanogenic massive sulphide origin with samples assaying up to 24.3% copper and 19.6 g/t gold as reported in government assessment records. Preliminary field investigations were completed at the newly-staked Hedge Hog property (Eastfield 70% and Badger Minerals Ltd. 30%). At the Iron Lake, Indata and Naggie properties, geological reconnaissance and geochemical soil and silt sampling were completed to define new target areas previously identified by geophysical surveying completed in 2011 and 2012.

The Iron Lake project, located 40 km northeast of 100 Mile House BC, is a gold and platinum group metals prospect associated with copper and lesser nickel and cobalt in ultramafic rocks. Deposit model analogues include Kevitsa located in Finland (First Quantum Minerals Ltd.) and Aquablanca Mine located in Spain (Lundin Mining Corporation). At Iron Lake both disseminated sulphide and massive sulphide styles of mineralization occur in an olivine pyroxenite phase of a large ultramafic intrusion. Disseminated mineralized rubble, still untraced to outcrop, has averaged 0.71% copper, 0.04% nickel, 0.70 g/t gold and 0.33 g/t platinum group metals. Massive sulphide mineralization, confirmed in a drill hole, has included 17 m grading 0.34% copper and 23.7% iron which may be indicative of favourable pyrrhotite association.

The Indata project, located 120 km northwest of Fort St. James BC, is a porphyry copper and lode gold prospect located within the Pinchi Fault Zone in rocks originally interpreted to be Cache Creek Group stratigraphy, but more recently have alternately been interpreted to be part of the Sitlika Assemblage which is the host lithology for the Kutcho Creek deposit. At Indata the porphyry copper target is defined by a granodiorite volcanic contact more than 6.0 km in extent. Within the target, soil copper values commonly exceed 500 parts per million and attain a maximum of 7,771 parts per million. Adjacent to the porphyry copper target, at a distance of 1.0 to 1.5 km, is a lode gold target which has historically been the focus of most exploration. Twenty-four drill intercepts over a 1.5 km long corridor in the lode gold target average 8.41 g/t gold and 52.43 g/t silver over an average core width of 1.5 m with the best intercept being 47.26 g/t gold and 2.0 g/t silver over a core width of 4.0 m.

Project specific reviews of the Zymo project have been conducted with several groups.

Eastfield remains financially strong with approximately two million dollars in cash and marketable securities.

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.
President and CEO
Eastfield Resources Ltd.

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

About Eastfield Resources:

Eastfield Resources is a Canadian mineral exploration company focused on the discovery of large gold and copper deposits; it currently has projects in British Columbia and in Nevada. For more information, please visit the company's website at www.eastfieldresources.com.

You can also view this News Release on our website at:
http://www.eastfieldresources.com/s/NewsReleases.asp?ReportID=607999

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
16/07/2007Jajay-Lorraine Project Underway
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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