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Eastfield Resources Announces Commencement of $2 Million Exploration Program at the Zymo copper-gold project in British Columbia
(via Thenewswire.ca) Vancouver, BC, August 4, 2011: Eastfield Resources Ltd. "Eastfield" (TSX...
About this update from Eastfield Resources Ltd.
[{"type":"text","content":"\nEastfield Resources Announces Commencement of $2 Million Exploration Program at the Zymo copper-gold project in British Columbia\n\n(via Thenewswire.ca)\n\n \nVancouver, BC, August 4, 2011: Eastfield Resources Ltd. \"Eastfield\" (TSX-V: ETF) is pleased to announce that Bearing Resources Ltd. \"Bearing\" (TSX-V: BRZ) has commenced its summer exploration program at the 12,113 hectare Zymo copper-gold project (\"Zymo\"), located 45 kilometres west of Smithers, British Columbia. Exploration work carried out to date at Zymo, including surface sampling, geophysical testing and core drilling, has identified a large copper-gold porphyry system. Four distinct porphyry targets (Hobbes, FM, URC and RD Zones) have been identified over an open ended nine kilometre by three kilometre area defined by a copper in soil anomaly coincident with an induced polarization (\"IP\") chargeability anomaly.\n\n\n \nThe Hobbes Zone (\"Hobbes\") is the most advanced target with ten historic drill holes intersecting copper/gold mineralization over a distance of 600 metres. The best hole (ZY08-09) returned 72 metres (core length) of 0.72% copper and 0.54 g/t gold within a longer interval that returned 159 metres grading 0.44% Cu and 0.32 g/t gold. The URC Zone (\"URC\") is 1.5 kilometres west of the Hobbes and the FM Zone (\"FM\") is located 4.0 kilometres east of Hobbes. In addition, prospecting in 2010 discovered a mineralized float sample assaying 0.74% copper and 0.70 g/t gold, 1.5 kilometres west of URC, beyond the area of any existing grid work.\n\n\n \nThe 2011 work program for Zymo is budgeted at $2 million and is fully funded by Bearing. The work program includes 8,000 metres of helicopter supported diamond core drilling, 30 kilometres of IP surveys, soil geochemical surveys, geological mapping and prospecting. Line cutting, soil sampling and prospecting are underway. IP surveys and diamond drilling are scheduled to begin in mid-August.\n\n\n \nHobbes Zone\n\n\n \nHobbes has been tested by ten core holes totaling 3,239 metres with encouraging results including higher grade intervals including 72 metres grading 0.72% copper and 0.54 g/t gold in hole ZY08-09. The Zone is untested to the east of ZY08-09. The western extension of Hobbes, defined by hole ZY08-16 that returned 339 metres grading 0.23% copper and 0.13 g/t gold from surface including 78 me...