Business
Iron Lake Drilling Update
(TheNewswire) Vancouver, BC – TheNewswire - November 7, 2022 - Eas...
About this update from Eastfield Resources Ltd.
[{"type":"text","content":"Iron Lake Drilling Update \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC –\n \n \n TheNewswire\n-\n \n \n November 7, 2022 -\n \n \n Eastfield Resources Ltd. “Eastfield”\n(TSXV:ETF)\n \n \n (OTC:ETFLF)\n \n \n is pleased to announce that Iron\nLake option partner\n \n \n Tech-X\nResources Inc. “Tech-X”\n \n \n has\n \n \n provided Eastfield Resources Ltd. an update of its ongoing\ndiamond drill program at the Iron Lake\ncopper-nickel-gold-platinum-palladium-cobalt project located 45\nkilometers northeast of the community of 100 Mile House, BC.\nTwenty-three drill holes have now been completed and results have been\nreceived for the bulk of the first 13 drill holes. Iron Lake is being\nexplored for two target types: The first type being magmatic sulfides\ncontaining copper, nickel, gold, platinum, palladium and cobalt\noccurring as massive sulfide sheets and as disseminations, and the\nsecond target type being copper-gold porphyry hosted in adjacent\ndiorite and monzonite porphyritic entities.\n \n \n \n \n Drilling has successfully expanded the area of the\nupper massive sulfide sheet first identified by Eastfield in 2005 when\n17.0 meters of massive sulfide assaying 0.34% Cu, 0.03% Co and 362 ppm\nNi was drilled. Modeling of the 2022 and historical drill holes\nconfirmed that a drill intersection from 2006 is in a second sulphide\nsheet, and intersected a separate area of mineralization some distance\naway. While the massive intersections are so far dominated by\npyrrhotite and magnetite, values in nickel are increasing with the\nanomalous nickel values occurring in hole IL22-07 located\napproximately 3 kilometers north of the original 2005 discovery.\nAnalytical and petrographic work is underway to ascertain if the\nnickel in IL22-07 is bound in silicates, which are refractory, or in\nsulfides. A very large and strongly conductive zone (detected in the\n2021 airborne MMT survey) underlies this hole at depth and could\nsuggest that mineralization encountered is leakage from a deeper\nmassive sulfide source.\n \n \n \n \n Highlights Released Today Include:\n \n \n \n \n \n \n \n Hole\n \n \n \n \n (from-to m)\n \n \n \n \n \n \n Intercept\n \n \n \n \n (m)\n \n \n \n \n \n \n Cu\n \n \n \n \n %\n \n \n \n \n \n \n Ni\n \n \n \n \n %\n \n \n \n \n \n...