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Eastfield Announces Commencement of Kilometre 26 Program, BC
May 27, 2011 (TheNewswire.ca) -- Vancouver, BC, May 27, 2011, Eastfield Resources Ltd. (TSXV...
About this update from Eastfield Resources Ltd.
[{"type":"text","content":"\nEastfield Announces Commencement of Kilometre 26 Program, BC\n\n May 27, 2011 (TheNewswire.ca) -- Vancouver, BC, May 27, 2011, Eastfield Resources Ltd. (TSXV:ETF) \"Eastfield\" (TSX-V: ETF) is pleased to announce that work has commenced on the Kilometre 26 nickel-gold project located in central British Columbia, approximately 55 kilometres northwest of Fort St. James. The program, targeting bulk tonnage nickel mineralization, will include drilling targets that were defined by the 2010 geophysical surveys, geological surveying and rock sampling. Further geophysical surveying will be performed at another prospective area defined by a government electromagnetic geophysical survey completed in 2009. Permits to begin the work program have now been issued.Grid establishment at the Kilometre 26 project started in 2009 and continued in 2010. During those years, 26 kilometres of geophysical survey were completed, 865 soil samples and 48 rock samples were collected and analyzed. Fifteen mineralized serpentinite rock samples examined using electron microscope techniques confirmed the presence of awaruite (a nickel alloy) and pentlandite (a nickel sulphide).Work at Kilometre 26 during this year's program has resulted in the discovery of numerous mineralized boulders and subcrops containing serpentinite approximately 400 metres east of the nearest known mineralization. This new discovery was made while evaluating soil anomalies from the 2010 program. Three areas with serpentinite have now been identified.The Kilometre 26 project now encompasses 9,819 hectares (24,263 acres). It is centred on a strong magnetic anomaly indicated on the Quest West helicopter-borne magnetic and electromagnetic survey flown for the British Columbia government (Geoscience BC) and published January, 2009. The magnetic anomaly is more than five kilometres in diameter, suggesting a large ultramafic body. The property is easily accessible by major industrial and logging roads, is bisected by a power line that forms part of the British Columbia power grid and is adjacent to a branch line of the Canadian National Railway. (TSX:CNR) (NYSE:CNI) 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 275,000 shares and making $107,500 in payments by September 25, 2013.J.W. (B...