Business
Eastfield Resources Ltd Begins Drilling at Howell Gold project in British Columbia
(via Thenewswire.ca)
About this update from Eastfield Resources Ltd.
[{"type":"text","content":"Eastfield Resources Ltd Begins Drilling at Howell Gold project in British Columbia\n\n(via Thenewswire.ca)\nVancouver, BC, July 22, 2008 - Eastfield Resources Ltd. (\"Eastfield\") (TSX-V: ETF) is pleased to announce that MAX Resource Corp. (TSX.V: MXR) has commenced this year's exploration program at the Howell property. The 4,376 hectare Howell property is located in southeast BC, one hour by gravel road south of Sparwood, straddling the drainages of Twenty-Nine Mile Creek and Howell Creek.\n\nAt Howell Creek, gold mineralization occurs disseminated in limestone and with quartz stockworks in syenite intrusives and Proterozoic sediments. Prior drilling has included 1.23 g/t gold over 58 metres, 0.95 g/t gold over 39 metres, 0.65 g/t gold over 82 metres, and 0.57 g/t gold over 149 metres. A diamond drill hole from 2006, collared to the west of the surface expression of the important Palaeozoic limestone, penetrated a near surface fault and intersected 43 metres of limestone grading 0.42 g/t gold to the bottom of the hole at 66 metres. The last sample in this hole graded 0.44 g/t gold, indicating a need to drill deeper and test the target along strike. The proposed first hole of the current program will deepen this hole to approximately 200 metres.\n\nAn important additional target that will be tested in the current program is a carbonate replacement deposit (CRD) type in the general vicinity of HRC-15, drilled in 1988 by Placer Dome Inc. This hole, located 1,100 metres to the west of the proposed first hole of the current program, intersected 7.6 metres grading 51.5 g/t silver, 1.98% lead, 1.87% zinc, and 0.32 g/t gold.\n\nMAX plans to drill a minimum of 1,000 meters at Howell, which is one of two exploration projects in British Columbia recently optioned from Eastfield as announced in the news release of June 9, 2008. MAX can earn a 60% interest in the Howell project over a three year period by making cash payments, issuing shares and completing exploration expenditures of $1.25 million.\n\nBill Morton, P.Geo, has acted as the qualified person as defined in National Instrument 43-101 for the purpose of the release of the technical information contained herein.\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...