Eastfield Resources and Canadian Gold Hunter are pleased to announce that a drill has been mobilized to the Zymo copper-gold property 45 kilometres west of Smithers, BC.
The Zymo property is underlain by an alteration/sulphide system of over 15 square kilometres and hosts several mineralized targets. A drilling program of four to six holes is planned and will further test the Hobbes Zone at depth and along strike as well as targets in the FM Zone.
This year’s drill program will follow up on a successful 1,554 metre Drill program in 2008 which intersected significant new intervals of copper/gold mineralization in the Hobbes Zone. Intersections from the 2008 program included 72.0 metres of 0.72% copper and 0.54 g/t gold in hole ZY08-09 and 158.9 metres of 0.31% copper and 0.21g/t gold in hole ZY08-10. Other work in 2008 included an IP/mag geophysical survey and geochemical sampling. An open-ended IP chargeability anomaly measuring six kilometres long by two-three kilometres wide was outlined in 2008 within which both the Hobbes and FM mineralized zones occur. Geochemical sampling and prospecting have outlined at least two new copper-gold target areas.
CGH has the option to earn a 60% interest in the property by completing exploration expenditures of $4 million over five years. CGH may earn an additional 10% interest by completing a feasibility study and an additional 5% by arranging mine financing for Eastfield.
G.L. Garratt, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.
