Eastfield Confirms Nickel Alloy (Awaruite) and Nickel Sulfide at Kilometre 26
January 19 2011 - 8:30AM
Marketwired
Eastfield Resources Ltd. "Eastfield" (TSX-V:
ETF) would like to provide an update regarding the Kilometre 26
gold-nickel project, located in central British Columbia,
approximately 55 kilometres northwest of Fort St. James.
Eastfield has been given a report by geological consultant,
Micron Geological Ltd. of North Vancouver, BC, that eleven samples
of nickel mineralized serpentinite submitted for examination using
scanning electron microscope techniques contain either the nickel
sulphide pentlandite or the nickel alloy awaruite (pentlandite was
observed in ten samples while one sample was observed to be
dominated by awaruite and contained only minor pentlandite).
Nickel mineralized boulders were first sampled at Kilometre 26
in 2009 and traced to two source bedrock areas in 2010. One of the
bedrock source's areas has now been sampled at six sites with total
values varying from 0.15% to 0.23% nickel.
The Kilometre 26 Property covers an area of the central British
Columbia interior where two geological terranes meet. The juncture
of the two terranes, the predominantly Paleozoic Cache Creek Group
rocks to the west and the predominantly Mesozoic Takla Group rocks
to the east (part of the Cache Creek Terrane and Quesnel Terrane
respectively) are separated within the project land by the
north-trending Pinchi Fault Zone, one of the pre-eminent bounding
structures of the Canadian Cordillera. The western two-thirds of
the Kilometre 26 property is underlain by largely ophiloitic
ultramafic rocks that originated in mantle beneath a Palaeozoic
ocean (now the Cache Creek Group Assemblage).
The Kilometre 26 claims are prospective for both nickel and gold
mineralization. Recent exploration began in 2008 exploring for
ophiolite-related gold, and led to the discovery of nickel
mineralized serpentinite late in the 2009 season. Exploration for
ophiolite-hosted nickel potentially similar to that occurring at
the Decar Project, 30 kilometres to the west (owned by First Point
Minerals Corp. and under option to Cliffs Natural Resources Inc.)
began in earnest in 2010. At Decar ophiolitic serpentinite hosts
awaruite, a nickel-iron alloy that is being explored as a potential
new source of non-sulphide nickel.
Awaruite (nickel-iron alloy) is essentially a natural occurring
stainless steel that contains no sulphur. As a result the product
can be shipped directly to steel mills without incurring costly
smelting charges. This would greatly reduce the environmental
impact that traditional sulphide deposits experience. It is
envisioned that mining awaruite could be similar to large bulk
tonnage open pit mines on the same scale as copper mines currently
operating in BC.
A summary of significant nickel mineralized samples collected at
Kilometre 26 in 2010 is as follows:
------------------------------------------------------------
Sample Ni Co Cr Mg Au
Number ppm ppm ppm % ppb
------------------------------------------------------------
3-27-05 1,461 84 824 > 10 < 5
------------------------------------------------------------
6-7-6 2,181.0 100.6 711.9 18.45 0.6
------------------------------------------------------------
9-7-6 1,850.1 98.7 874.7 17.85 45.9
------------------------------------------------------------
1-7-7 2,304.7 120.3 1,323.9 16.97 1.4
------------------------------------------------------------
2-16-9 872.5 62.1 867.1 11.22 0.5
------------------------------------------------------------
3-16-9 751.7 39.3 567.9 8.77 0.8
------------------------------------------------------------
4-16-9 1,204.0 74.5 954.9 11.99 34.1
------------------------------------------------------------
7-16-9 1,930.5 97.4 759.1 13.4 0.4
------------------------------------------------------------
10-16-9 1,961.8 85.4 1,259.7 15.14 0.6
------------------------------------------------------------
11-16-9 2,337.8 85.9 757.1 11.72 0.3
------------------------------------------------------------
12-16-9 2,143.1 86.2 624.7 11.53 < 0.2
------------------------------------------------------------
13-16-9 1,584.6 87.8 948.6 11.01 < 0.2
------------------------------------------------------------
14-16-9 1,274.2 70.6 956.9 10.98 250.0
------------------------------------------------------------
16-16-9 2,260.4 109.3 391.5 12.77 0.7
------------------------------------------------------------
1-27-10 2,102.2 97.5 1,070.1 13.28 < 0.2
------------------------------------------------------------
2-27-10 1,730.9 84.4 774.9 10.62 < 0.2
------------------------------------------------------------
7-27-10 1,612.4 79.3 916.3 12.88 2.0
------------------------------------------------------------
5-28-10 1,589.3 77.5 1,158.2 13.05 < 0.2
------------------------------------------------------------
6-28-10 858.1 49.6 1,764.2 7.23 0.3
------------------------------------------------------------
The Kilometre 26 property has recently been expanded by staking
nine additional claims and now covers 9,819 hectares (24,263
acres). It is road accessible and only 26 kilometers from a paved
road.
Oroandes Resource Corp. has the option to earn a 60% interest in
Kilometre 26 from Eastfield by spending $1,575,000 on exploration,
issuing 275,000 shares and making $107,500 in payments by September
25, 2013.
J.W. (Bill) Morton P.Geo, a Qualified Person for the purposes of
National instrument 43-101, has read and taken responsibility for
this news release. Analytical results reported in this news release
were completed by Acme Analytical Laboratory of Vancouver.
Bill Morton, P.Geo. CEO and Director
Eastfield Resources Ltd.
About Eastfield Resources: Eastfield is a
Canadian mineral exploration company focused on the discovery of
large gold and copper deposits; it currently has seven projects in
British Columbia and one in Nevada. Current projects include an
option to earn a 100% interest in the Zymo gold-copper project; a
40% ownership in the Okeover copper-molybdenum project with 60%
partner Prophecy Resource Corp. and a 100% interest in the Tonopah
gold project in Nevada. Projects currently optioned out include
Kilometre 26, optioned to Oroandes Resource Corp.; Indata, optioned
to Oceanside Capital Corp.; Iron Lake, optioned to Cobre
Exploration Corp. Eastfield trades on the TSX Venture exchange
under the symbol "ETF." For more information, please visit the
company's website at www.eastfieldresources.com.
The TSX - Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contact: Paul Way Business Development Manager (604)
681-7913 Toll Free: 888-656-6611
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