(TheNewswire)
Vancouver, B.C. - TheNewswire- January 11, 2022 - Eastfield Resources Ltd. (TSXV:ETF)(“Eastfield”) announces that Alan Scott hasresigned as Director of the Company effective December 31, 2021 wherehe has served since 1987. Alan has been a valuable resource forEastfield largely through his expertise in the field of geophysicswith much of his career, prior to his appointment as Director ofEastfield, spent as a staff Geophysicist with Cominco Ltd. Eastfieldthanks Alan for his many years of assistance and guidance and wisheshim health and prosperity in the future.
For more information, please visit the company’swebsite at www.eastfieldresources.com .
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 also holds a strategic position inConsolidated Woodjam Copper consisting of approximately 10% of itsoutstanding shares and additional cash andmarketable securities totaling $1.7 million . Asummary of active projects is as follows:
Zymo :copper-gold porphyry, located 70 km west of Smithers, BC and 100%owned. Results include drill holes ZY08-07 with 0.72% copper and 0.66g/t gold over 72 meters and hole ZY11-20 with 0.28% copper and o.34g/t gold over 126 m. Peripheral precious metal veins have returned upto 10.78 g/t gold. Work completed in 2021 included expansions to theinduced polarization and soil grids at a cost of approximately$400,000. Zymo is fully permitted.
Iron Lake : copper-gold- palladium-platinum-cobalt, located40 kilometers northeast of 100 Mile House, BC. The project is optionedto Tech-X Resources Inc. (a private company headed by Haig Farris).Targets include ultramafic copper-gold- palladium-platinum-cobalt andporphyry copper-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 flown by Expert GeophysicsLimited In June and extensive geological reconnaissance and samplinglater in the season. Drilling is planned for 2022.
Indata :copper-gold porphyry and precious vein, located 120 km north of FortSt. James, BC, optioned to Prophecy Potash Corp who may earn 60% bycompleting $2,000,000 in exploration and paying $450,000 (cashand/or shares)over a five year term. A number of very prospectiveuntested induced polarization targets exist and are fully permitted.Results from previous drilling include DDH88-11 with 47.26 g/t goldover 4 m and DDH98-4 with 0.20% copper over 148 m including 0.37%copper over 24 m at the bottom. In 2019 new mineralization was exposedby logging activities in the southern region of the claims withsamples returning up to 3.64% copper and 5.95 g/t gold. The Kwanikaand Stardust deposits, owned by Northwest Copper Corp., are locatedimmediately north of Indata and share similar geology.
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 anomalies including soil copperto 0.22% and an areas of highly anomalous arsenic and lead whichmotivated the company to expand the claim group. Single point soilanomalies reach 819 ppb gold, 444 ppm arsenic and 2,210 ppm copper.The company is particularly intrigued by the soil sample with 2,210ppm copper and 8.45% iron. Interest in this sample is inspired byprevious float samples collected further south on the propertyincluding a massive sulfide boulder grading 24.3% copper and 19.6 g/tsilver collected in 1999 and five chalcopyrite rich massive boulderswith an average grade of 8.0% copper, 8.9 g/t silver collected byHudson Bay Exploration and Development in 2000. In 2013, Eastfielddiscovered the Golden Sky showing, a new area of mineralization in thenorthern region of the claims where quartz veins hosted in shearedrhyolite returned grab samples to 1.51 g/t gold, 1.37% zinc, 0.48%lead, 1,203 ppm arsenic and 1,313 ppm antimony.
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