Business
Drilling Started at the Indata Gold-Copper Project in BC
(via Thenewswire.ca)
About this update from Eastfield Resources Ltd.
[{"type":"text","content":"Drilling Started at the Indata Gold-Copper Project in BC\n\n(via Thenewswire.ca)\nVancouver, BC, September 23, 2008 - Eastfield Resources Ltd. (\"Eastfield\") (TSX-V: ETF) is pleased to announce that MAX Resource Corp. (\"MAX\") (TSX.V: MXR) has commenced drilling on the Indata gold-copper project located in central British Columbia, 130 kilometres north of Fort St. James. Approximately 1,000 metres are to be drilled. Two target types exist on the Indata property - a lode gold target related to subsidiary structures to the adjacent Pinchi Fault system and a porphyry copper target probably related to Jurassic intrusions which have invaded these same structures.\n\nThe current program will start by drilling deeper than a hole drilled in 1998 which returned 145 metres grading 0.20% copper including a final 24 metres grading 0.37% copper. The 1998 drill program, as well as drilling conducted in 1996, was focused on an area where a drill access road completed in 1995 had exposed significant copper mineralization, including a 75.0 metre section averaging 0.37% copper.\n\nOn completion of the first hole, drilling will move to the lode gold target where several holes are planned to test deeper levels of the system, following insight garnered from the Mother Lode deposit model developed in California. The Melones Fault Break, central to the California Mother Lode district, has been interpreted by a number of geologists to be analogous to the Pinchi Fault Break, which is adjacent to the Indata property in central British Columbia. Of particular interest to the current program will be a hole planned to test below a drill hole completed in 1988 that intercepted four metres grading 47.26 g/t gold.\n\nMAX can earn a 60% interest in the Indata property from Eastfield by making cash payments totaling $120,000, issuing up to 300,000 shares and by completing exploration expenditures of $1.15 million over a three year period.\n\nIndata is one of two exploration projects in British Columbia recently optioned to Max as announced in our news release of June 9, 2008. The other property, the Howell gold project in southeast British Columbia, was the subject of a recent exploration program, with 1,300 metres of core drilling completed. Analytical work is continuing and results are expected by mid October. At Howell, a new area of carbonate hosted minera...