ETF:CC - Eastfield Expands the Zymo Property Adding Several New Targets
(TheNewswire)
April 17, 2024 – TheNewswire – Eastfield Resources Ltd. (“Eastfield”,TSX-V: ETF) has recently increased the ZymoProperty claim holding by staking an additional 5,284 hectares tototal 18,184 ha. Zymo lies approximately 45 km west of the town ofSmithers, B.C. and is accessible by logging haul roads. Previousexploration on the Project has seen expenditures of approximately $5Msince 2007 which has resulted in the outline of an 8 km x 2 km openended IP chargeability anomaly that encloses several zones ofcopper-gold mineralization related to Jurassic/Cretaceous intrusions.
The most advanced mineralized zone is the Hobbes Zone,near the western end of the IP anomaly. This zone was discovered byprospecting magnetic features and the strongly potassium alteredoutcrop is a beautiful illustration of the style of mineralizationwhich is described as an intense quartz-chalcopyrite-magnetitestockwork developed in and around a diorite intrusion. Strongmineralization has also seen as disseminations in biotite hornfelsedsediments. The Hobbes Zone has been traced by 21 drill holes for over600 m in a westerly direction and is still open to the west and downdip. A summary of the drill results is attached.
A recent review of regional geologic and geophysicalsurveys undertaken by the BCGS, MDRU and Geoscience BC (not previouslyincluded in the company data base), outlined a number of new targetareas including magnetic anomalies both to the north and east of theproperty that indicate possible porphyry copper-gold targets, but alsopotential volcanogenic massive sulphide targets within the QuockFormation which is a stratigraphic equivalent to the host rocks of theEskay Creek Mine (see attached maps).
Eastfield is planning to further develop targeting byfirst undertaking a petroscopic review of the several hundred rocksamples collected from the property with the goal better vectoringthrough identifying rock alteration patterns related to known areas ofmineralization and projecting those outward where no drilling has beencarried out to date.
A ground follow-up of identified targets in the newclaim area as well as within our already defined target areas is alsoplanned and it is expected that this work will give a betterdefinition of where we should be expanding our geochemical andgeophysics surveys. We believe that this is an exciting new additionto the exploration potential of the project and look forward to asuccessful 2024 season.
]This news release has been reviewed and approved byMr. G.L. Garratt, P. Geo., who is the Qualified Person within thecontext of NI 43-101 and takes responsibility for it.
Glen Garratt, P. Geo.
VP, Director
Contact: (604) 681-7913 or Toll Free:888-656-6611
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release.
For more information, please visit the company’swebsite at www.eastfieldresources.com .
Magnetic Features on the expanded property; note theblack dashed line indicating the IP Chargeability Anomaly and themagnetic feature that is directly related to the Hobbes Zone.
| Hole |
| From (m) |
| To (m) |
| Interval (m) |
| Au (g/t) |
| Cu (%) |
| Cu eq. (%)* |
| HOBBES ZONE |
| ZY08-07 |
| 113.00 |
| 182.00 |
| 69.00 |
| 0.22 |
| 0.33 |
| 0.50 |
| ZY08-08 |
| 51.00 |
| 111.00 |
| 60.00 |
| 0.26 |
| 0.40 |
| 0.60 |
| ZY08-09 |
| 3.00 |
| 256.00 |
| 253.00 |
| 0.23 |
| 0.32 |
| 0.50 |
| incl. |
| 15.00 |
| 87.00 |
| 72.00 |
| 0.55 |
| 0.72 |
| 1.14 |
| ZY08-10 |
| 3.00 |
| 198.00 |
| 195.00 |
| 0.19 |
| 0.29 |
| 0.44 |
| incl. |
| 18.00 |
| 75.00 |
| 57.00 |
| 0.32 |
| 0.43 |
| 0.68 |
| ZY08-11 |
| 6.00 |
| 153.00 |
| 147.00 |
| 0.10 |
| 0.16 |
| 0.24 |
| ZY09-13 |
| 252.00 |
| 381.00 |
| 129.00 |
| 0.12 |
| 0.20 |
| 0.29 |
| ZY09-14 |
| 3.00 |
| 276.00 |
| 273.00 |
| 0.15 |
| 0.23 |
| 0.35 |
| incl. |
| 21.00 |
| 93.00 |
| 72.00 |
| 0.29 |
| 0.41 |
| 0.63 |
| ZY09-15 |
| 30.00 |
| 441.00 |
| 411.00 |
| 0.11 |
| 0.21 |
| 0.29 |
| incl. |
| 87.00 |
| 153.00 |
| 66.00 |
| 0.20 |
| 0.33 |
| 0.48 |
| ZY09-16 |
| 30.00 |
| 369.00 |
| 339.00 |
| 0.13 |
| 0.23 |
| 0.33 |
| incl. |
| 201.00 |
| 279.00 |
| 78.00 |
| 0.26 |
| 0.41 |
| 0.61 |
| ZY11-20 |
| 3.00 |
| 174.00 |
| 171.00 |
| 0.24 |
| 0.29 |
| 0.47 |
| incl. |
| 3.00 |
| 129.00 |
| 126.00 |
| 0.28 |
| 0.34 |
| 0.55 |
| ZY11-21 |
| 3.00 |
| 165.00 |
| 162.00 |
| 0.15 |
| 0.18 |
| 0.30 |
| ZY11-22 |
| 11.00 |
| 47.00 |
| 36.00 |
| 0.34 |
| 0.43 |
| 0.69 |
| ZY11-23 |
| 6.00 |
| 315.00 |
| 309.00 |
| 0.13 |
| 0.21 |
| 0.31 |
| incl. |
| 6.00 |
| 201.00 |
| 195.00 |
| 0.18 |
| 0.29 |
| 0.43 |
| ZY11-26 |
| 180.00 |
| 255.00 |
| 75.00 |
| 0.20 |
| 0.29 |
| 0.44 |
| ZY11-27 |
| 33.00 |
| 156.00 |
| 123.00 |
| 0.15 |
| 0.21 |
| 0.33 |
| and |
| 183.00 |
| 255.00 |
| 72.00 |
| 0.11 |
| 0.19 |
| 0.27 |
| ZY11-28 |
| 123.00 |
| 228.00 |
| 105.00 |
| 0.14 |
| 0.20 |
| 0.31 |
| incl. |
| 150.00 |
| 180.00 |
| 30.00 |
| 0.19 |
| 0.30 |
| 0.45 |
| ZY12-32 |
| 6.30 |
| 180.00 |
| 173.70 |
| 0.20 |
| 0.26 |
| 0.41 |
| ZY12-34 |
| 219.00 |
| 306.00 |
| 87.00 |
| 0.08 |
| 0.15 |
| 0.21 |
| *Cu. Eq. using |
| Copper |
| US$4.00 |
| Lb |
| Gold |
| US$2,100 |
| Oz |
Assumptions used in USD for thecopper equivalent calculation (CuEq) were metal prices of $4.00/lb.copper, $2,100/oz gold, recovery is assumed to be 100% for copper and100% for gold as no metallurgical work has yet been completed. Thefollowing equation was used to calculate copper equivalence: CuEq =Copper (%) +Gold [ (g/t) x 0.77].
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