(TheNewswire)
Vancouver, BC – TheNewswire- October 12, 2022 - Eastfield Resources Ltd. “Eastfield”(TSXV:ETF) (OTC:ETFLF) is pleased to announcethat the Indata Project Option Partner, AlphaCopper Corp “Alpha Copper” (CSE: ALCU) (OTC: ALCUF) (FSE: PP0),has completed 13 holes totalling 2,140 meters on the Indataproject.
The Indata project straddles the Mesozoic-age QuesnelTerrane and the Paleozoic-age Cache Creek Group of Rocks and islocated 240 kilometres northwest of Prince George, 88 kilometres westof Centerra’s Mount Milligan mines, and 16 kilometres south ofNorthwest Copper’s Kwanika and Stardust projects.
The multi-week 2022 summer drill programme at Indataconcluded in mid-September. A total of thirteen holes, with aggregatemeterage of 2,140 meters were completed which were focused on porphyrycopper targets, carbonate replacement deposits (CRD) targets andquartz vein targets.
Porphyry copper mineralization was observed in six ofthe 2022 drill holes, both in the Lake Zone and also in a new area 500metres to the south. The mineralization is associated with widespreadsilicification and biotite alteration occurring in chlorite alteredTriassic-Jurassic andesite and diorite. Previous drill results fromthe Lake zone include 27 metres averaging 0.27% Cu in hole 08-I-01 and0.2% Cu over 148.2 metres in hole 98-4, which includes an interval of0.37% Cu over 24.1 metres. The Lake zone is currently open forexpansion in all directions.
Additionally, the 2022 summer drill programme showedindications of CRD type mineralization in two separate areas in thenorthwest and southeast parts of the property. Molybdenummineralization was encountered in two of the drill holes; IN22-74 andIN22-84. The northwest hole IN22-84 also encountered an extensivelimestone breccia unit which has returned strongly anomalouslead-zinc-arsenic-antimony-(±gold) values from surface samples aswell as the presence of manganese rich calcite, another indicator ofthe proximity of CRD mineralization.
Mesothermal quartz veins were encountered in two of theholes, IN22-77 and 78, similar in nature to those occurring in theeastern part of the property from which historical drilling havereturned values of 9.8g/t gold and 51.4g/t silver over 1.3 metres indrill hole 87-I-4, and 1.8g/t gold and 114.1g/t silver over 2.5 metresin hole 87-I-1. Historic high-grade gold intercepts on the Indataproperty located further to the north include hole 88-I-11 with 46.2g/t gold and 2.0 g/t silver over 4.0 meters and hole 89-I-6 with 354.1g/t silver over 3.2 meters.
Alpha Copper may earn a 60% in the Indata project bycompleting $2,000,000 in exploration and paying $450,000 (cash and/orshares) by June 20, 2023.
Qualified Person
This news release has been reviewed and approved by Mr.J.W. Morton, P. Geo., who is the Qualified Person within the contextof NI 43-101 and takes responsibility for its technicalcontent.
J.W. Morton, P. Geo.
President and CEO
Contact: (604) 681-7913 or Toll Free:888-656-6611
About Eastfield Resources:
Other Projects :
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. Work competed in2021 included an airborne MobileMT survey and extensive geologicalreconnaissance and sampling later in 2021. . Analytical results for 13drill holes completed in July through September, 2022 (2,620 meters inaggregate) are expected to begin to be received shortly and drillinghas recently resumed.
Indata :copper-gold porphyry and precious metal quartz veins, located 120 kmnorth of Fort St. James, BC, optioned to Alpha Copper Corp. who may earn 60% by completing $2,000,000 in exploration and paying$450,000 (cash and/or shares) by June 20, 2023. A number of veryprospective untested induced polarization targets exist and are fullypermitted. Results from previous drilling include DDH88-11 with 47.26g/t gold over 4 m and DDH98-4 with 0.20% copper over 148 m including0.37% copper over 24 m at the bottom of the hole. In 2019 newmineralization was exposed by logging activities in the southernregion of the claims with samples returning up to 3.64% copper and5.95 g/t gold.
The Kwanika and Stardust deposits, owned by NorthwestCopper Corp., are located immediately north of Indata and sharesimilar geology. Thirteen Drill holes (2,140 meters in aggregate)completed between early July and mid-September of thisyear focused on new discovery with the primarytarget types being porphyry copper, carbonate replacement(CRD) style mineralization and precious metalrich quartz-sulfide veins are currently being analysed.
Zymo : a bigcopper-gold porphyry system with several 1 km scale targets, located45 km west of Smithers, BC which is 100% owned by Eastfield. An 8kilometer by 3 kilometer induced polarization chargeability anomalyincludes and surrounds known mineralization. Drill results includeholes ZY08-07 with 0.72% copper and 0.66 g/t gold over 72 meters andhole ZY11-20 with 0.28% copper and 0.34 g/t gold over 126 m.Peripheral precious metal veins have returned up to 10.78 g/t gold.Work completed in 2021 included expansions to the induced polarizationand soil grids at a cost in excess of $400,000. Zymo is fullypermitted.
Hedgehog :copper-gold (VMS) and lode gold, located approximately 12 kilometersnorth of the community of Barkerville, BC. In 2021 option partner West Oak Gold Corp discovered several new anomalies. Particularly intriguing isa soil sample with 0.22% copper and 8.45% iron. Interest in thissample is inspired by previous float samples collected further southon the property including a massive sulfide boulder grading 24.3%copper and 19.6 g/t silver collected in 1999 and five additionalcopper rich massive sulfide boulders with an average grade of 8.0%copper and 8.9 g/t silver collected in 2000. In 2013, Eastfielddiscovered a new area of mineralization in the northern region of theclaims where quartz veins hosted in shearedrhyolite returned grab samples to 1.51 g/t gold and 1.37% zinc. Othercompanies active in the area include Osisko Gold Royalties Ltd.) (TSX:OR) who are currently conducting a major exploration program for goldten kilometers to the south in and around the former operatingBarkerville Mine. The project is fully permitted and field work isslated to resume this week.
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 with airborne magneticand ground follow-up (ground based surveys and soil sampling)identifying a 1.2 kilometre by 0.7 kilometre arsenic in soil anomalysurrounding a local drainage named Arsenic Creek. In 2014, Eastfieldcarried out induced polarization and magnetic surveys in this area andoutlined a 200 meter by 800 meter northwest trending chargeabilityhigh that remains open to the north. In 2018 soil sampling upslope ofhistorical heavy mineral stream sediment anomalies exposed severalspot gold and gold-arsenic anomalies that may indicate a source of thehistorical heavy mineral sampling in this direction. CR is permittedand drilling is planned for this year.
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 .
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