(TheNewswire)
Vancouver, BC - TheNewswire - August 10, 2023 - Eastfield Resources Ltd. (“Eastfield” ) ( TSX-V:ETF) (OTC:ETFLF) reportsthat Alpha CopperCorp.(“Alpha Copper”,TSX-V: ALCU) has released results of thehigh-resolution airborne magnetic gradient, radiometric andvery-low-frequency/electromagnetic survey at the Indata projectlocated in central British Columbia under option from EastfieldResources Ltd.
The Indata project encompasses 3,189 hectares (7,880acres) and is located 230 kilometers northwest of the City of PrinceGeorge and immediately south of the Stardust-Kwanika Project, owned byNorthwest Copper Corp. Alpha Copper may earn a60% interest by completing $2,300,000 in exploration and paying$450,000 (cash and/or shares) by June 20, 2024.
Highlights :
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The new magnetic and radiometric dataset is a great improvement overhistorical datasets and will be interpreted to generate new drilltargets.
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The magnetic survey shows high-resolution details of a magneticanomaly associated with copper mineralization in the Lake Zone whereprevious results include IN22-82 with 173.6 meters grading 0.23%copper starting at 2.9 meters including 28.9 meters grading 0.47%copper starting at 2.9 meters. It constitutes the northern boundary ofthe Lake Zone which remains open beyond this point.
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A new zone of molybdenum mineralization wasunexpectedly discovered in 2022 5 kilometers to the south of the LakeZone in what is now called "Area 74" where hole IN22-74intersected 30.8 meters grading 0.10% molybdenum (0.16 MoS eq.) starting at 113.7 meters and continuing to the bottomof the hole including 7.5 meters grading 0.32% molybdenum (0.51%MoS eq.).
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The magnetic survey shows linear features associated with both thePolymetallic (Cu-Au-Ag) Vein Zone and the 74 Zone (Mo; discovered in2022). The former feature can be followed over a 3 km strike lengthand the latter over 2.5 km with the new geophysics.
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The magnetic survey was flown using a gradient magnetic system byPrecision GeoSurveys over an area of 44.1 km2.
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The Company is currently preparing for a 3D-IP survey on the Lake Zoneand Precious Metal vein zone to complement the data and further definedrill targets.
Alpha Copper flew the entire Indata claim block at 100 metre spacingusing a Precision Geosurveys gradient magnetic system. This systemuses 3 magnetometers to measure the gradient of the magnetic field andcollects superior data. At the same time the helicopter is fitted withsensors to collect VLF and radiometric data. The dataset will befurther interpreted to identify faults, shears and alteration patternsthat may lead to additional and refined drill targets.
Information on the location, geology and history at theIndata Project are available on the Company's web site at: Eastfield Resources -Indata Project
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 newsrelease.
For more information, please visit the company’swebsite at www.eastfieldresources.com
Contact: (604) 681-7913 or Toll Free:888-656-6611
About Eastfield Resources Ltd.
Strategic Investment: 3.6 million shares Vizsla Copper Corp.
Other Projects:
Zymo :copper-gold porphyry system with several 1 km scale targets within an8 km long induced polarization feature. Zymo is located 45 km west ofSmithers, BC and is 100% owned. Results include drill holes ZY08-07with 0.72% copper and 0.66 g/t gold over 72 meters and hole ZY11-20with 0.28% copper and 0.34 g/t gold over 126 m. Peripheral preciousmetal veins have returned up to 10.78 g/t gold. Zymo is fullypermitted.
Iron Lake :copper-gold- palladium-platinum-cobalt, located 40 kilometersnortheast of 100 Mile House, BC. The project is optioned to Tech-XResources Inc. (a private company headed by Haig Farris). Targetsinclude ultramafic copper-gold- palladium-platinum-cobalt and porphyrycopper-gold. Tech-X may earn an 80% interest in Iron Lake bycompleting a total of $12,000,000 in work and paying a total of$1,000,000 in option payments by December 31, 2027. Inducedpolarization surveying continued through the winter and spring (2022)with 23 drill diamond drill holes (5001 m) completed thereafter.Analytical work continues and an aggressive program is planned for2023 beginning with a VTEM airborne geophysical survey which was flownin March to focus targets interpreted from results obtained in 2022and planned for drilling in 2023.
Hedgehog :copper-gold (VMS) and lode gold, located approximately 12 kilometersnorth of the community of Barkerville, BC. In 2021 option partner WestOak Gold Corp discovered several new soil anomalies (arsenic, zinc andcopper). Further soil sampling completed in 2022 has defined apreviously unknown cohesive arsenic-copper soil anomaly with sporadicsoil gold values to 748 ppb. Intriguing to the potential of Hedgehogare several historic float samples including a massive sulfide bouldergrading 24.3% copper and 19.6 g/t silver discovered in 1999 and fiveadditional copper rich massive sulfide boulders with an average gradeof 8.0% copper and 8.9 g/t silver discovered in 2000. Other companiesactive in the area include Osisko Development who are conducting amajor exploration program for gold ten kilometers to the south in andaround the former operating Barkerville Gold Mine –the Cariboo GoldProject. Hedgehog is fully permitted.
CR : gold,located approximately 80 km northeast of the town of Quesnel, BC and20 km north of the gold mining towns of Wells and Barkerville, wasacquired by staking in 2014. There is no record of hard rock mineralexploration on the CR property prior to Noranda Exploration carryingout regional exploration in the area in 1986 identifying a 1.2kilometre by 0.7 kilometre arsenic in soil anomaly surrounding a localdrainage which they named Arsenic Creek. Eastfield subsequentlycompleted surface soil and rock sampling and induced polarizationsurveying and an initial single drill test in the 2022 fieldseason.
This news release has been reviewed by J.W. Morton P.Geo who is theQualified Person within the context of NI43-101 and who takesresponsibility for its content.
J.W. Morton, P. Geo.
President and CEO
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