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Eastfield Resources Announces the Return of the Zymo Copper Gold Project
Eastfield Resources Announces the Return of the Zymo Copper Gold Project
About this update from Eastfield Resources Ltd.
[{"type":"text","content":"\nEastfield Resources Announces the Return of the Zymo Copper Gold Project\n\n\n May 3, 2010 (TheNewswire.ca) -- Vancouver, BC, May 3, 2010 - Eastfield Resources Ltd. \"Eastfield\" (TSX-V: ETF) has been notified that NGEx Resources Inc. (OOTC:NGQRF) (TSX:NGQ) (formerly Canadian Gold Hunter) has terminated its option to earn an interest in the 10,790 hectare Zymo copper-gold property 45 km by road west of Smithers, BC. Eastfield is currently planning the next program on this exciting project and expects to conduct a significant exploration program on the property this season. Eastfield has an option to earn a 100% interest, subject to an NSR, in the Zymo property from a private company.Eastfield optioned the property in 2007 and completed a reconnaissance exploration program that same year that resulted in the discovery of a new copper-gold porphyry occurrence now named the Hobbes Zone. In 2008 an extensive exploration program of geochemical sampling, geophysical surveying, geological mapping and core drilling significantly expanded the property's potential. An IP chargeability anomaly associated with extensive rock alteration was outlined, extending for over 6.0 km (open ended) with widths of 2.0 to 3.0 km. Within this large area are four exploration targets now known as the FM (where Freeport McMoRan drilled six holes in 1999), Hobbes, RD and URC.The Hobbes Zone is the most advanced to date and has been tested with nine drill holes. All holes intersected significant mineralization and have outlined an open ended mineralized zone that extends more than 600 m. The most westerly hole, ZY-09-16, intersected the longest interval of mineralization to date and indicates the potential for extensions to the west and south. Hole ZY-09-14 was a vertical hole drilled at the site of ZY-08-9 (72.0 m of 0.72% copper; 0.54 g/t gold) and ZY-09-10 (57.0 m of 0.43% copper; 0.32 g/t gold) and confirmed that mineralization continues to greater depths at this location where a mineralized interval of 273 m was intersected. Drill hole ZY-08-12, located 1.0 km southwest of the Hobbes Zone, intersected 99.00 m of 0.11% Cu and may indicate a significant potential for extending the zone in this direction (for more detail a table summarizing all of Eastfield's drilling results is attached and additional information including maps may be viewed on the websi...