Business
Drilling Intersects 72 Metres of 0.72% Copper and 0.54 g/t Gold on the Zymo Project, BC
(via Thenewswire.ca)
About this update from Eastfield Resources Ltd.
[{"type":"text","content":"Drilling Intersects 72 Metres of 0.72% Copper and 0.54 g/t Gold on the Zymo Project, BC\n\n(via Thenewswire.ca)\nVancouver, BC, November 13, 2008 - Eastfield Resources Ltd. \"Eastfield\" (TSX-V: ETF) and Canadian Gold Hunter Corp. \"CGH\" (TSX: CGH) are pleased to report the initial drilling results on the Zymo copper-gold property 45 km west of Smithers, BC.\n\nA total of 1,554.5 metres was drilled in six holes on the newly discovered Hobbes Zone. All of the holes intersected significant intervals of copper/gold mineralization with the best interval being 72.0 metres grading 0.72% copper and 0.54g/t gold starting at 15.0 metres in hole ZY-08-09. A summary of the drill results is as follows:\n\nHole ID From (m) To (m) Core Length (m) Cu % Au g/t \nZY-08-7 3.05 252.98 eoh 249.93 0.20 0.14 \nincluding 116.0 182.0 66.00 0.33 0.20 \nZY-08-8 3.05 237.74 eoh 234.69 0.20 0.12 \nincluding 51.00 111.0 60.0 0.39 0.26 \nZY-08-9 3.05 256.02 252.97 0.32 0.23 \nincluding 3.05 162.0 158.95 0.44 0.32 \nincluding 15.0 87.0 72.0 0.72 0.54 \nZY-08-10 3.05 162.00 158.95 0.31 0.21 \nincluding 18.00 75.00 57.00 0.43 0.32 \nZY-08-11 6.10 153.00 146.90 0.16 0.10 \nZY-08-12 51.00 150.00 99.00 0.11 0.05 \n\n(eoh = end of hole)\n\nThe Hobbes Zone was discovered by prospecting late in 2007. It is associated with a magnetic anomaly that is approximately 1.0 km in length. However, it is part of a much larger chargeability anomaly that exceeds 6.0 km in length, is open-ended and varies from 2.0 to 3.0 km in width. The Hobbes Zone and the original known showings on the property are approximately 4.0 km apart and both areas occur on the northern flank of the IP anomaly. (For hole locations, see our website at http://www.eastfieldresources.com/s/Zymo.asp)\n\nSoil sampling and reconnaissance rock and silt sampling have outlined several other areas that are anomalous in copper and gold. Rick Bailes, president of CGH, stated \"The geophysical and geochemical data clearly show that the Zymo mineralizing and alteration system is very large, exceeding 15 square kilometres and we are looking forward to continuing to explore this strong system.\"\n\nCGH has the option to earn a 60% interest in the property by completing exploration expenditures of $4 million over five years. CGH may earn an additional 10% interest by completing a feasibility study and an additional 5% b...