(TheNewswire)
Vancouver, B.C . - TheNewswire - March 17, 2022 - Eastfield Resources Ltd. ( TSXV:ETF ) (OTC:ETFLF) is pleased to announce plans for an aggressive 2022exploration program by optionee Alpha Copper Corp. (TSXV:ALCU) at its IndataCopper Gold Project in British Columbia.
The Indata claim area encompasses 3,189 hectares (7,880acres) located 230 kilometers northwest of the City of Prince Georgeand immediately south of the Stardust-Kwanika Project owned byNorthwest Copper Corp. The entire project has been permitted fordrilling and while these important approvals ensure the upcomingprogram will predominantly involve drilling, it will also include newgrid work and excavator trenching to assist in developing future drilltargets.
A drill contract to complete a minimum of 3,000 metershas been signed with Paradigm Drilling Ltd. Six of the proposed 2022drill holes will be drilled in the Lake Copper Target where previousdrill intercepts in the northern portion include DDH98-4 with 0.20%copper over 148 metres including 0.37% copper over 24 metres at thebottom of the hole and includes a trench excavated during roadconstruction that averaged 0.37% copper over 75 meters (no holes haveyet been drilled in the southern area of the target).
Three holes are also proposed to assess other untestedinduced polarization targets indicated in surveys completed in 2010and 2011. Work is also planned for the Quarry Copper Target identifiedin 2019 where logging road construction exposed mineralizationincluding a select grab sample that returned 3.64% copper and 5.95 g/tgold.
Alpha Copper Corp. has an option to earn a 60% interestIn the Indata Project from Eastfield Resources Ltd. by paying $400,000(cash and/or shares) and completing $2,000,000 in exploration beforeJune 20, 2023.
The project is situated in a complex geological settingalong the Pinchi Fault, a major structure separating the oceanicderived Cache Creek Terrane to the west from the volcanic islandarc-derived Quesnel Terrane to the east. Two types of mineralizationhave historically been explored for at Indata: gold-silver veins andporphyry style copper mineralization. Gold vein drill intercepts haveincluded results up to 47.26 g/t gold over 4.0 meters. The propertyincludes three porphyry copper targets with the largest, the LakeZone, measuring 500 to 1,000 meters in width and along strike for atleast 1,500 meters. An initial budget of $750,000 has been set.
Alpha Copper CEO, Mr. Darryl Jones advises, “Weintend to move quickly to get boots on the ground and get the drillsturning. This project offers several favourable historic features andresults, and we are keen to build an accurate overview of the assetand its potential. With the increased adoption of electric vehiclesand increasing uncertainty in the global metals markets, we think thetime is right to do whatever is necessary to develop high valuedomestic mineral reserves. Our partners, stakeholders and investorsexpect us to act swiftly, and we are happy to act aggressively inresponse.”
This news release has been reviewed by J.W. MortonP.Geo who is the Qualified Person within the context of NI43-101 andwho takes responsibility for its technical content.
J.W. Morton, P.Geo.
President and CEO
Contact: (604) 681-7913 or Toll Free:888-656-6611
About Eastfield Resources:
Eastfield Resources is a well-funded Canadian mineralexploration company focused on the discovery of precious metal andcopper deposits. Eastfield currently has six mineral projects locatedin British Columbia of which three are currently optioned to thirdparties. Eastfield also holds a strategic position in ConsolidatedWoodjam Copper consisting of approximately 9.5% of its outstandingshares.
For more information, please visit the company’swebsite at www.eastfieldresources.com .
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