Business
Eastfield Resources Announces Drilling Concluded at Indata Gold-Copper Project, BC
(via Thenewswire.ca)
About this update from Eastfield Resources Ltd.
[{"type":"text","content":"Eastfield Resources Announces Drilling Concluded at Indata Gold-Copper Project, BC\n\n(via Thenewswire.ca)\nVancouver, BC, October 23, 2008 - Eastfield Resources Ltd. (\"Eastfield\") (TSX-V: ETF) is pleased to announce that that MAX Resource Corp. (\"MAX\") (TSX-V: MXR) has completed drilling totaling 1,035 metres at the Indata gold-copper property, located approximately 120 kilometres northwest of Fort St. James in central British Columbia. Four holes were completed in the gold target at Indata, with all holes encountering variable thicknesses of quartz sulfide mineralization. A fifth hole was completed in an adjacent and possibly unrelated porphyry copper target.\n\nAt Indata, lode gold is being targeted following the Mother Lode model developed in California. In early 2008, MAX completed a review of historic work at Indata and concluded that very little exploration had been done in the down dip direction of the previous drilling. If the Indata property was indeed a Motherlode style system, then significant down dip extension of previously found mineralization could be expected. Twenty-four historic diamond drill intercepts, drilled at Indata in 1988 on behalf of Placer Dome, have an average vein intercept of 1.54 metres width with an average grade of 8.41 g/t gold and 52.43 g/t silver. The most significant intercept, hole 88-11, included an intercept of 47.26 g/t gold and 2.00 g/t silver over 4.0 metres (estimated to be 3.50 metres true thickness).\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\nJ.W. (Bill) Morton P.Geo is the qualified person pursuant to National Instrument 43-101 guidelines who takes responsibility for this news release.\n\nBill Morton\n\nJ.W. (Bill) Morton, P. GeoPresident and CEO\n\nEastfield Resources Ltd.\n\nContact: Paul Way, Business Development Manager\n\n(604) 681-7913 or Toll Free: 888-656-6611\n\nWeb: http://www.eastfieldresources.com/\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 six projects located in British Columbia and one in Nevada. Currently optioned proje...