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Eastfield Announces Additional Nickel Mineralization at Kilometre 26 Property
Eastfield Announces Additional Nickel Mineralization at Kilometre 26 Property
About this update from Eastfield Resources Ltd.
[{"type":"text","content":"\nEastfield Announces Additional Nickel Mineralization at Kilometre 26 Property\n\n\n Oct. 15, 2010 (TheNewswire.ca) -- Vancouver, BC, October 14, 2010 - Eastfield Resources Ltd. (TSXV:ETF) \"Eastfield\" (TSX-V: ETF) would like to provide an update regarding the Kilometre 26 gold-nickel project, located in central British Columbia, approximately 55 kilometres northwest of Fort St. James.A total of 15 rock samples was collected of which 10 are serpentinitic rocks. The bulk of these samples are outcrop or subcrop. All are strongly magnetic, with six of them exceeding 1,500 ppm (0.15%) total nickel and the highest sample was 2,338 ppm (0.23%) total nickel. All the mineralized samples are similar in their association with elevated cobalt, chromium and magnesium content, which varies from 9% to 15% (indicative of the serpentinization). The samples all have very low sulphur and negligible to undetectable mercury. A summary of the multi-element analysis conducted by Acme Analytical Laboratories Ltd. in Vancouver is as follows:\n Ni Co Cr Mg S Hg \nSample Type PPM PPM PPM % % PPB \n02-16-9 Rubble 873 62 867 11.2 These samples (and earlier nickel-mineralized samples collected in July) are currently being examined by an independent expert to determine what nickel-bearing minerals or alloys may be present and to verify the possible occurrence of awaruite. Awaruite is the nickel-iron alloy being pursued by First Point Minerals Corp. (TSXV:FPX) (TSX-V: FPX) and Cliffs Natural Resources Inc. (NYSE: CLF) at the Decar property located approximately 30 km to the west of the Kilometre 26 project. Both properties are located in similar geological settings of the Cache Creek terrane hosting serpentinized ultramafic rocks.The Kilometre 26 project is currently 5,645 hectares in size, has good access by a major industrial road and recent logging has established a network of roads across the project. The original project target was a potential hot springs epithermal gold deposit similar to the Mclaughlin gold mine (California). Rock sampling has returned interesting exploration levels of gold and other elements that continue to support this target along with the potential for an awaruite nickel project.Oroandes Resource Corp. (TSX-V: OAR) has the option to earn a 60% interest in Kilometre 26 from Eastfield by spending $1,575,000 on exploration, issuing...