Business
Eastfield Resources Update on Recent Activities, BC
(via Thenewswire.ca) 1 Vancouver, BC, October 17, 2013, Eastfield Resources Ltd. ("Eastfi...
About this update from Eastfield Resources Ltd.
[{"type":"text","content":"Eastfield Resources Update on Recent Activities, BC(via Thenewswire.ca)\n \n \n1Vancouver, BC, October 17, 2013, Eastfield Resources Ltd. (\"Eastfield\") (TSX-V: ETF) wishes to provide an update of recent activity.\n\n \n \nDuring 2013 the company continued to work on several of its projects including Iron Lake, Indata and the Naggie property, which was staked in 2012 to cover a strong iron oxide gossan located in the Chilcotin region of BC. One new property named Hedge Hog was staked. It is located 20 km north of the community of Wells in central BC. The property was staked to cover massive sulphide boulders of volcanogenic massive sulphide origin with samples assaying up to 24.3% copper and 19.6 g/t gold as reported in government assessment records. Preliminary field investigations were completed at the newly-staked Hedge Hog property (Eastfield 70% and Badger Minerals Ltd. 30%). At the Iron Lake, Indata and Naggie properties, geological reconnaissance and geochemical soil and silt sampling were completed to define new target areas previously identified by geophysical surveying completed in 2011 and 2012. \n\n \n \nThe Iron Lake project, located 40 km northeast of 100 Mile House BC, is a gold and platinum group metals prospect associated with copper and lesser nickel and cobalt in ultramafic rocks. Deposit model analogues include Kevitsa located in Finland (First Quantum Minerals Ltd.) and Aquablanca Mine located in Spain (Lundin Mining Corporation). At Iron Lake both disseminated sulphide and massive sulphide styles of mineralization occur in an olivine pyroxenite phase of a large ultramafic intrusion. Disseminated mineralized rubble, still untraced to outcrop, has averaged 0.71% copper, 0.04% nickel, 0.70 g/t gold and 0.33 g/t platinum group metals. Massive sulphide mineralization, confirmed in a drill hole, has included 17 m grading 0.34% copper and 23.7% iron which may be indicative of favourable pyrrhotite association.\n\n \n \nThe Indata project, located 120 km northwest of Fort St. James BC, is a porphyry copper and lode gold prospect located within the Pinchi Fault Zone in rocks originally interpreted to be Cache Creek Group stratigraphy, but more recently have alternately been interpreted to be part of the Sitlika Assemblage which is the host lithology for the Kutcho Creek deposit. At Indata the porphyry copper target...