Posts Tagged Eastfield Resources

EASTFIELD ANNOUNCES COMMENCEMENT OF EXPLORATION PROGRAM AT KILOMETRE 26 PROPERTY

Eastfield Resources Ltd. has commenced the fall exploration program at the Kilometre 26 gold-nickel project, located in central British Columbia, approximately 55 kilometres northwest of Fort St. James.

 The program, conducted by Oroandes Resource Corp., will attempt to define targets for a possible drill program in 2011. The current work includes a ground-based induced polarization (IP) and magnetometer survey, line cutting, soil sampling, prospecting, and rock sampling. Crews are on site and should complete the exploration over the next few weeks. The work program includes the completion of six line kilometres of new grid with soil sampling and geophysics to cover the full 30 kilometres of control grid.

Eastfield is also awaiting the results of microprobe work being undertaken to identify what sulphide minerals or alloys may be present in Kilometre 26 rocks where analytical results indicate that nickel contents vary between 0.15 per cent and 0.24 per cent (see Eastfield’s news release in Stockwatch of Oct. 14, 2010).

The current work will assist with examining the project ground for both the nickel target potential and epithermal hot springs gold potential along the regional Pinchi fault structure. First Point Minerals Corp. and Cliffs Natural Resources Inc. have made an important nickel discovery at the Decar property located approximately 30 kilometres to the west of the Kilometre 26 project. Both properties are located in similar geological settings of the Cache Creek terrane hosting serpentinized ultramafic rocks. The Kilometre 26 project is currently 5,645 hectares in size, has good access by a major industrial road, and recent logging has established a network of roads across the project.

Oroandes has the option to earn a 60-per-cent interest in Kilometre 26 from Eastfield by spending $1,575,000 on exploration, issuing 275,000 shares and making $107,500 in payments by Sept. 25, 2013.

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Eastfield Resources Announces the Return of the Zymo Project

Eastfield Resources Ltd. has received notification that that NGEx Resources Inc. (formerly Canadian Gold Hunter Corp.) has terminated its option to earn an interest in the 10,790-hectare Zymo copper-gold property, 45 kilometres by road west of Smithers, B.C. Eastfield is currently planning the next program on this project and expects to conduct a significant exploration program on the property this season. Eastfield has an option to earn a 100-per-cent interest subject to a net smelter royalty in the Zymo property from a private company.

Eastfield optioned the property in 2007. It completed a reconnaissance exploration program that year, which resulted in the discovery of a new copper-gold porphyry occurrence now named the Hobbes zone. In 2008, an extensive exploration program of geochemical sampling, geophysical surveying, geological mapping and core drilling significantly expanded the property’s potential. An induced polarization chargeability anomaly associated with extensive rock alteration was outlined, extending for over six km (open-ended) with widths of two to three km. Within this large area are four exploration targets now known as the FM (where Freeport McMoRan drilled six holes in 1999), Hobbes, RD and URC.

The Hobbes zone is the most advanced to date and has been tested with nine drill holes. All holes intersected significant mineralization and have outlined an open-ended, mineralized zone that extends more than 600 metres. The most westerly hole, ZY-09-16, intersected the longest interval of mineralization to date and indicates the potential for extensions, to the west and south. Hole ZY-09-14 was a vertical hole drilled at the site of ZY-08-9 (72.0 m of 0.72 per cent copper and 0.54 gram per tonne gold) and ZY-09-10 (57.0 m of 0.43 per cent copper and 0.32 g/t gold), and confirmed that mineralization continues to greater depths at this location where a mineralized interval of 273 m was intersected. ZY-08-12, located one km southwest of the Hobbes zone, intersected 99.00 m of 0.11 per cent Cu and may indicate a significant potential for extending the zone in this direction (for details, additional information including maps may be viewed on the company’s website).

The URC target is 1.5 km west of the Hobbes zone and is characterized by a 1.5-kilometre-long, coincident, copper-gold-in-soil anomaly. This target is beyond the end of the geophysical grid in an area with no outcrops. However, a sample of mineralized float was found in this area that returned 0.33 per cent copper and 0.22 g/t gold. This untested target further expands the discovery potential for the property.

Eastfield is pleased to have the Zymo property returned with significant advancements and new targets. The company is excited about the exploration potential of the project. Eastfield is currently developing plans for a program this season.

G.L. Garratt, PGeo, who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release

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Drilling at Zymo Copper-Gold Project Significantly Expands Mineralized Zone

Eastfield Resources and Canadian Gold Hunter are pleased to announce that results have been received from the recently completed drilling program on the Zymo copper-gold property 45 kilometres west of Smithers, BC. Four holes were drilled at the Hobbes Zone and one hole tested a showing in the FM Zone. All holes intersected mineralization.

Three holes (ZY-09-13, 15, 16) drilled at the Hobbes zone were each 100 m step-outs to the west and resulted in extending the zone which now measures over 600 m in an east-west direction and remains open-ended. The most westerly hole, ZY-09-16 intersected the longest interval of mineralization to date indicating potential for extension to the west and south. Hole ZY-09-14 was a vertical hole drilled at the site of previously released holes ZY-08-9 (72.0 m of 0.72% copper and 0.54 g/t gold) and ZY-08-10 (57.0 m of 0.43% copper and 0.32 g/t gold) and confirmed that mineralization continues to greater depths at this location where a mineralized interval of 273 m was intersected. A summary of significant results is as follows:

HOLE ID FROM (m) TO (m) INTERVAL (m)* Cu (%) Au (g/t)
ZY-09-13 3.0 428.0 425.0 0.15 0.09
including 255.0 381.0 126.0 0.20 0.15
ZY-09-14 3.0 276.0 273.0 0.23 0.15
including 9.0 108.0 99.0 0.36 0.25
including 33.0 93.0 60.0 0.44 0.30
ZY-09-15 33.0 441.0 408.0 0.21 0.11
including 87.0 153.0 66.0 0.33 0.20
including 297.0 318.0 21.0 0.31 0.18
ZY-09-16 30.0 369.0 339.0 0.23 0.13
including 139.0 330.0 171.0 0.31 0.18
including 201.0 279.0 78.0 0.41 0.26
ZY-09-17 9.0 42.0 33.0 0.13 0.11

(*Intervals are core lengths and true widths may be less than reported here.)

The Zymo property is underlain by an alteration/sulphide system of over 8.0 km long and 2.0 km wide which hosts several mineralized targets including the Hobbes and FM. Fill-in soil geochemical sampling was carried out on the URC target which lies 1.5 km west of the Hobbes Zone and confirmed a 1.5 km long coincident copper-gold anomaly. This target is beyond the end of the geophysical grid and prospecting found no outcrops however a sample of mineralized float returned 0.33% copper and 0.22 g/t gold. This target further expands the discovery potential for the property.

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. Bob Johnston, P. Geo., also a qualified person within the context of National Instrument 43-101, supervised the project work in the field. Analysis was performed by Acme Analytical Laboratories, a certified facility in Vancouver, BC, using multi-element (ICP-MS) Aqua Regia Digestion (1D) procedures, with gold and silver values determined using fire assay procedures.

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Eastfield Resources Announces Crew Mobilized to Zymo Gold Copper Project, BC

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.

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Eastfield Acquires Gold Property in British Columbia

Eastfield Resources has recently staked a new property in British Columbia named Kilometre 26. The property is located 55 kilometres northwest of Fort St. James and is easily accessed by a major industrial road.

The property, which covers approximately 1,840 ha, is centred and extends 15 km along the regional Pinchi Fault Zone. The property was staked to cover the area where, in 1983, Cominco discovered a boulder which repeatedly returned assay grades ranging around 8.1 g/t gold. The style of mineralization and alteration encountered on the property with the boulder is similar to what has been called Mariposite Ore, in the historic Motherlode district of California.

The Pinchi Fault is a major structural feature that separates distinct geological terranes. It extends in a northwesterly orientation for more than 450 kilometres. Current hot spring activity on the Pinchi Fault at Tchentlo Lake, located 50 kilometres to the north of the Kilometre 26 property, confirms that this activity continues.

The Pinchi Fault with its terrane bounding character, ultramafic intrusive affinities, mercury mineralization and hot spring activity is analogous to the Melones Fault (Motherlode District) and the Stony Creek Fault (Mclaughlin Mine), both in California, and offers potential for hosting major gold deposits. Much of the area is overburden covered. Eastfield is inviting joint venture partners to fund exploration on Kilometre 26.

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Eastfield Intercepts 8.20 g/t Gold Over 0.3 m, 209.0 g/t Silver Over 0.5 m at Indata

Eastfield Resources has received the assays from five diamond drill holes (1,035 metres) completed in October on the Indata property in northern B.C., located 120 km north of Fort St. James.

There are two exploration targets on the Indata property, a porphyry copper target and a structurally controlled precious metal vein target. The 2008 exploration program consisted of one drill hole (08-I-01) in the porphyry copper target and four holes (08-1-02 to 08-I-05) in the precious metal vein target.

The precious metal target was tested over a distance of 1,500 metres following the upslope trend of an arsenic soil geochemical anomaly believed to define a structural feature which has previously returned a number of gold-silver intercepts, including a 4.0 metre intercept grading 46.20 g/t gold from a 1988 drill program by Eastfield. A number of core samples from the recent drilling returned a number of narrow gold and/or silver intercepts with associated arsenic and bismuth values. Significant results are summarized as follows:

Hole

From
(m)

To
(m)

Sample Length (m)

Copper
%

Gold
g/t

Silver
g/t

08-I-01

18.3

181.7

163.4

0.14

including

123.0

150.0

27.0

0.27

08-I-02

76.5

76.8

0.3

0.18

8.20

4.4

08-I-03

36.7

38.3

1.6

0.14

0.42

79.9

including

37.2

37.7

0.5

0.13

0.40

209.0

Mineralization being targeted at Indata is modeled after the prolific Motherlode deposits in California, where cumulative production has exceeded in excess of 100 million ounces of gold. A key assumption to the model is the occurrence of gold-silver mineralization along the Pinchi Fault trend in the Indata region of central BC being analogous to the Melones Fault in the Motherlode region of California. New exposures of precious metal mineralization which are located 800 to 2,000 metres further to the north were made in 2007 when excavator trenches exposed narrow veins which returned samples including 17.16 g/t gold and 9.84 g/t gold respectively. The 2007 vein material was again found to be highly anomalous in arsenic, bismuth, antimony, mercury, selenium and tellurium providing a signature for gold mineralization of this type. This area was not tested in the current program and a robust soil anomaly also discovered in 2007 remains to be tested as well.

MAX Resource, who holds the property under option, is currently reviewing the 2007 exploration data along with data from the 1988 Placer Dome funded exploration program with the objective of evaluating and determining the geologic controls for the mineralized system at Indata in order to define possible drill targets for the 2009 exploration season. MAX is very pleased with confirming high-grade values from historic exploration in drill hole 08-I-02 and will be modeling the work done in the eighties and nineties to better define the structurally controlled target. Examination of the 2007 exploration trenches will also help to understand the system and to locate exploration targets.

Analysis was performed by Acme Analytical Laboratories, a certified facility in Vancouver, BC, using multi-element (ICP-ES) techniques. Bruce Laird, P.Geo., Mincord Exploration Consultants Ltd., supervised the 2008 drilling program and sampling protocol. 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.

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