Business
Eastfield Acquires Gold Property in British Columbia
(via Thenewswire.ca)
About this update from Eastfield Resources Ltd.
[{"type":"text","content":"Eastfield Acquires Gold Property in British Columbia\n\n(via Thenewswire.ca)\nVancouver, BC, February 23 2009 - Eastfield Resources Ltd. (TSX-V: ETF) (\"Eastfield\") has recently staked a new property in British Columbia named Kilometre 26. The property is located 55 kilometres northwest of Fort St. James and is easily accessed by a major industrial road.\n\nThe property, which covers approximately 1,840 ha, is centred and extends 15 km along the regional Pinchi Fault Zone. The property was staked to cover the area where, in 1983, Cominco discovered a boulder which repeatedly returned assay grades ranging around 8.1 g/t gold. The style of mineralization and alteration encountered on the property with the boulder is similar to what has been called Mariposite Ore, in the historic Motherlode district of California.\n\nThe Pinchi Fault is a major structural feature that separates distinct geological terranes. It extends in a northwesterly orientation for more than 450 kilometres. Current hot spring activity on the Pinchi Fault at Tchentlo Lake, located 50 kilometres to the north of the Kilometre 26 property, confirms that this activity continues.\n\nThe Pinchi Fault with its terrane bounding character, ultramafic intrusive affinities, mercury mineralization and hot spring activity is analogous to the Melones Fault (Motherlode District) and the Stony Creek Fault (Mclaughlin Mine), both in California, and offers potential for hosting major gold deposits. Much of the area is overburden covered. Eastfield is inviting joint venture partners to fund exploration on Kilometre 26.\n\nBill Morton, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.\n\nBill Morton, P.Geo.\n\nCEO and DirectorEastfield Resources Ltd.\n\nContact: Paul Way, Business Development Manager\n\n(604) 681-7913 or Toll Free: 888-656-6611\n\nAbout Eastfield Resources:\n\nSince its inception in 1987, Eastfield has utilized a successful business strategy that involves securing third party exploration financing on its projects. Eastfield has seven projects located in British Columbia and one in Nevada. Currently optioned projects include Zymo, optioned to Canadian Gold Hunter (TSX: CGH); Okeover, optioned to Prophecy Resource Corp. (TSX-V: PCY); Indata and Howell, optioned to MAX Resource...