Oct. 15, 2010 (TheNewswire.ca) --
Vancouver, BC, October 14, 2010 - Eastfield Resources Ltd. (TSXV:ETF) "Eastfield" (TSX-V: ETF) would like to provide an update regarding the Kilometre 26 gold-nickel project, located in central British Columbia, approximately 55 kilometres northwest of Fort St. James.
A total of 15 rock samples was collected of which 10 are serpentinitic rocks. The bulk of these samples are outcrop or subcrop. All are strongly magnetic, with six of them exceeding 1,500 ppm (0.15%) total nickel and the highest sample was 2,338 ppm (0.23%) total nickel. All the mineralized samples are similar in their association with elevated cobalt, chromium and magnesium content, which varies from 9% to 15% (indicative of the serpentinization). The samples all have very low sulphur and negligible to undetectable mercury. A summary of the multi-element analysis conducted by Acme Analytical Laboratories Ltd. in Vancouver is as follows:
Ni Co Cr Mg S Hg Sample Type PPM PPM PPM % % PPB 02-16-9 Rubble 873 62 867 11.2 <0.02 <5 03-16-9 Rubble 752 39 568 8.8 <0.02 <5 04-16-9 Rubble 1204 75 955 12.0 <0.02 <5 07-16-7 Rubble 1931 97 759 13.4 0.07 5 10-16-9 Outcrop 1962 85 1260 15.1 0.05 <5 11-16-9 Subcrop 2338 86 757 11.7 0.02 <5 12-16-9 Outcrop 2143 86 625 11.5 0.07 <5 13-16-9 Subcrop 1585 88 949 11.0 0.05 6 14-16-9 Subcrop 1274 71 957 11.0 <0.02 7 16-16-9 Subcrop 2260 109 392 12.8 0.11 <5
These samples (and earlier nickel-mineralized samples collected in July) are currently being examined by an independent expert to determine what nickel-bearing minerals or alloys may be present and to verify the possible occurrence of awaruite. Awaruite is the nickel-iron alloy being pursued by First Point Minerals Corp. (TSXV:FPX) (TSX-V: FPX) and Cliffs Natural Resources Inc. (NYSE: CLF) at the Decar property located approximately 30 km to the west of the Kilometre 26 project. Both properties are located in similar geological settings of the Cache Creek terrane hosting serpentinized ultramafic rocks.
The Kilometre 26 project is currently 5,645 hectares in size, has good access by a major industrial road and recent logging has established a network of roads across the project. The original project target was a potential hot springs epithermal gold deposit similar to the Mclaughlin gold mine (California). Rock sampling has returned interesting exploration levels of gold and other elements that continue to support this target along with the potential for an awaruite nickel project.
Oroandes Resource Corp. (TSX-V: OAR) has the option to earn a 60% interest in Kilometre 26 from Eastfield by spending $1,575,000 on exploration, issuing 275,000 shares and making $107,500 in payments by September 25, 2013.
J.W. (Bill) Morton, PGeo, a qualified person for the purposes of National instrument 43-101, has read and taken responsibility for this news release.
Bill Morton, P.Geo.
CEO and DirectorEastfield Resources Ltd.
Contact: Paul Way, Business Development Manager
(604) 681-7913 or Toll Free: 888-656-6611
About Eastfield Resources:
Eastfield is a Canadian mineral exploration company focused on the discovery of large gold and copper deposits; it currently has seven projects in British Columbia and one in Nevada. Current projects include an option to earn a 100% interest in the Zymo gold-copper project; a 40% ownership in the Okeover copper-molybdenum project with 60% partner Prophecy Resource Corp. (TSXV:PCY) (TSX-V: PCY) and a 100% interest in the Tonopah gold project in Nevada. Projects currently optioned out include Kilometre 26, optioned to Oroandes Resource Corp. (OOTC:OARFF) (TSX-V: OAR); Indata, optioned to Oceanside Capital Corp. (TSX-V: OCC); Iron Lake, optioned to Cobre Exploration Corp. (OOTC:CVXHF) (TSXV:CKB'H) (TSX-V: CKB-H). Eastfield trades on the TSX Venture exchange under the symbol "ETF". For more information, please visit the company's website at www.eastfieldresources.com.
The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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