Eastfield Resources Commences Exploration at Iron Lake, BC
August 28 2013 - 1:56PM
Access Wire
Vancouver, BC, August 28, 2013, Eastfield
Resources Ltd. ("Eastfield") (TSX-V: ETF) has begun an exploration program to
follow up on results received from a program completed in 2012 on
its 100%-owned Iron Lake-Hidden
One copper, gold and platinum group metal project. The road
accessible Iron Lake-Hidden One property is located 45 kilometres
northeast of 100 Mile House, BC and encompasses an area of 16,871
hectares.
In the central area of the claim
group, numerous samples of mineralized rubble have been found since
2000 including two samples found in 2012. All samples have been
extremely similar in their petrology (ultramafic
olivine-pyroxenite) and metal content. The average of eight grab
samples collected to date is 0.71% copper, 0.70 g/t gold and 324
ppb platinum+palladium. Drilling completed in 2005 and 2006,
targeting electromagnetic responses, failed to find the source of
the disseminated mineralization but did encounter significant
thicknesses of pyrrhotite dominant massive sulphide (e.g. drill
hole IL-05-03 with 17 metres in an aggregate thickness of greater
than 60% sulphide grading 0.34% copper and 23.7% iron) in similar
rock differing only in its reduced olivine content.
The 2012 exploration program on the
Iron Lake-Hidden One property included 24 kilometres of induced
polarization/magnetometer surveying and rock sampling. This survey
targeted two distinctly different styles of mineralization. On the
portion of the property underlain by ultramafic rocks which had
eight kilometres of induced polarization/magnetic survey, two new
discrete and highly magnetic conductors were identified. On the
adjacent Hidden One claims, which are underlain by rocks belonging
to the Takomkame Batholith, 16 kilometres of survey was completed
with two new conductors being identified. The 2013 program will
follow up on the four new geophysical anomalies with further rock
and soil sampling and possibly additional geophysics to further
delineate the anomalies. A notice of work application (exploration
permit application) has been submitted to the Mines Branch to
complete eight diamond drill holes.
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. Current projects include a 100% interest in the Zymo
copper-gold property in BC, a 40% ownership in the Okeover
copper-molybdenum project in BC with 60% partner Prophecy Resource
Corp. (TSX-V: PCY), a 100% interest in the Tonopah-Hughes
gold-silver project in Nevada and a 100% interest in the Iron
Lake-Hidden One and Naggie base and precious metals projects in BC.
Projects currently under option include the Indata gold project in
BC, optioned to Oceanside Capital Corp. (TSX-V: OCC) who can earn
up to a 60% interest. Eastfield trades on the TSX Venture exchange
under the symbol "ETF". For more information, please visit the
company's website at www.eastfieldresources.com.
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