THE EASTFIELD GROUP : http://www.eastfieldresources.com/ : QwikReport

News Releases

#September 26, 2018
Eastfield Grants Options

 Vancouver, September 26, 2018, Eastfield Resources Ltd.. ("Eastfield" or the "Company") (TSX-V: ETF) has approved the granting of stock options to directors, officers, and consultants for the purchase of 300,000 common shares of the Company at $0.05 per share for a 5 year period pursuant to the Company's Stock Option Plan.

David M Douglas, CPA, CA
CFO, Director
Eastfield Resources Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
 
#September 12, 2018
News Release

 

Vancouver, September 12, 2018, Eastfield Resources Ltd. (“Eastfield”) (TSX-V: ETF) would like to announce the resignation of Don Sharp as a director of the company, effective immediately. Don Sharp has resigned as a Director of the Company, effective immediately. The Board of Directors wishes to thank Mr. Sharp for his many years of service to the Company.

G.L. Garratt, P.Geo is the Qualified Person within the context of the requirements of NI43-101 who takes responsibility for the content of this news release.

G. L. Garratt, P.Geo,VP, Director
Eastfield Resources Ltd.

Contact: (604) 681-7913 or Toll Free: 888-656-6611
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

File: http://www.eastfieldresources.com/i/pdf/ETF-Sharp-resign-Sept-2018.pdf
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#September 11, 2018
President Reviews Company

 

Vancouver, September 11, 2018, Eastfield Resources Ltd. ("Eastfield" (TSX-V: ETF) has recently experienced heightened market activity and while management is not aware of any specific reason for this activity it wishes to summarize the status of the company and its projects.

Eastfield has been an active company listed on the Toronto Venture Exchange since 1987. It has 44.9 million shares issued and has never been consolidated and is free of debt with cash, receivables and marketable investments totaling approximately 1.3 million dollars. The business model of the company has largely been that of a prospect generator. Many of its projects have been successful and have resulted in a number of "spincos" being created which have subsequently been spun out to shareholders including: Lorraine Copper Corp. ("Lorraine": TSX-V: LLC), Cariboo Rose Resources Ltd., ("Cariboo": TSX-V: CRB), Consolidated Woodjam Copper Corp. (from Cariboo) ("Woodjam": TSX-V: WCC), Wildrose Resources Ltd. (now Spanish Mountain Gold Corp.) ("Spanish Mountain": TSX-V: SPA) and Fort St. James Nickel Corp. ("Fort St. James": TSX-V: FTJ).

Eastfield currently has six mineral projects located in British Columbia of which three are currently optioned to third parties. These include: Hedge Hog (copper-gold -cobalt), optioned to Surge Exploration Inc. ("Surge": TSX-V: SUR). Indata (copper-gold), optioned to Prophecy Potash Corp. and Iron Lake (copper-gold-cobalt-platinum-palladium) optioned to GK Resources Limited.

Among the remaining 100% owned projects is the 15,719-hectare (38,842 acre) Zymo copper-gold project located near the community of Smithers, BC. Earlier this year Eastfield signed a confidentiality agreement concerning this project with a large multinational corporation who subsequently completed a site visit (July) and is currently reviewing the technical data. Zymo is a calc-alkaline copper-gold porphyry that Eastfield purchased in 2007 and has since explored extensively by soil and induced polarization surveys and 10,810 metres of drilling (36 diamond drill holes). Several zones of mineralization have been discovered within a strong induced polarization anomaly measuring 8 kilometers by 2 kilometers. Exemplary holes include hole ZY08-09 with 0.44% copper and 0.32 grams gold over 159 meters including 0.72% copper and 0.54 g/t gold over 72 meters (true width indeterminate). Other companies currently working in the Zymo area include Juggernaut Exploration Ltd. ("Juggernaut": TSX-V: JUGR) who has recently initiated drilling at its Empire project located along Zymo's western and southern claim boundaries.

This news release has been reviewed by J.W. Morton P.Geo who is the Qualified Person within the context of NI43-101 and who takes responsibility for its content.

J.W. Morton, P. Geo.

President and CEO

Eastfield Resources Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

About Eastfield Resources:

Eastfield Resources is a well-funded Canadian mineral exploration company focused on the discovery of large precious metal and copper deposits. Eastfield owns a 100% interest in five mineral projects in British Columbia. Eastfield trades on the TSX Venture exchange under the symbol "ETF". For more information, please visit the company's website at www.eastfieldresources.com.

File: http://www.eastfieldresources.com/i/pdf/NR-2018-09-11.pdf
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#August 31, 2018
Exploration to Commence on the Hedge Hog Project

 Vancouver, August31, 2018, Eastfield Resources Ltd. ("Eastfield") (TSX-V: ETF) is pleased to announce that it expects to commence field work on its Hedge Hog copper-gold-silver-cobalt project located in central British Columbia within the next few weeks. The company and its option partner, Surge Exploration Inc. ("Surge") (TSX-V: SUR), are in receipt of a multiyear exploration permit authorizing a wide spectrum of activities including geochemical and geophysical surveys, mechanical excavator trenching and diamond drilling. The terms of the option agreement allow Surge to earn a 60% interest in Hedge Hog by making cash and/or share payments totalling $500,000 and completing exploration expenses totalling $2,500,000 over a five year term. A cash advance to initiate 2018 exploration has recently been issued to Mincord Exploration Consultants Ltd., the exploration contractor for the project.

The Hedge Hog project is located in central BC approximately 15 kilometres north of the historical community of Barkerville, BC (see Barkerville Gold Mines Ltd. (TSX-V: BGM) for additional current activity in this area). The nearest major centre is the city of Quesnel, BC located 60 kilometers to the west.

Central to the Hedge Hog project is an area where massive sulfide boulders with high concentrations of copper, silver and cobalt were discovered nineteen years ago. The most extensive exploration in the area of the current Hedge Hog claims was completed by Hudson Bay Exploration and Development ("Hudbay") between 1999 and 2001 during which time Hudbay completed airborne and ground based geophysical surveys, extensive geochemical surveys, mechanical excavator trenching and four short diamond drill holes (556 meters total). The most successful undertaking by Hudbay was trenching in an area called the Lottie target where a massive sulfide boulder (chalcopyrite rich) grading 24.3% copper and 19.6 g/t silver had been discovered in 1999. In one mechanical trench near the 1999 discovery five additional massive chalcopyrite rich boulders were sampled with an average grade of 8.8% copper, 9.6 g/t silver. In addition to the chalcopyrite rich boulders two pyrite rich massive sulfide boulders where discovered, one of which graded 0.13% cobalt. Hudbay was however unsuccessful in locating the bedrock source of these boulders and ceased exploration here in 2001. Much of the area has since been clear-cut logged.

The prime target type at Hedge Hog is a "Cyprus Style" volcanic massive sulfide deposit comparable in genesis and character to deposits in Cyprus, the Windy Craggy deposit in British Columbia, the Kudz Ze Kayah deposit in the Yukon Territory and the Lokken deposit in Norway. An active placer gold mine on the property suggests additional potential for gold mineralization similar to what occurs near Barkerville 15 kilometers to the south where historical gold production is approximately 1.2 million ounces from hard rock deposits and 3.8 million ounces from placer deposits.

J.W. (Bill) Morton P.Geo is the Qualified Person within the context of the requirements of NI43-101 who takes responsibility for the content of this news release.


Eastfield Resources Ltd.

Contact: (604) 681-7913 or Toll Free: 888-656-6611

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
 
#July 09, 2018
Eastfield Resources Options 60% Interest in Iron Lake

 Vancouver, BC, July 9, 2018, Eastfield Resources Ltd. ("Eastfield") (TSX-V: ETF) has entered into an Option Agreement with privately owned GK Resources Ltd ("GK") whereby GK can earn a 60% interest in the Iron Lake, copper-gold-platinum group-cobalt project located 45 kilometers northeast of the community of 100 mile House, British Columbia.

The Iron Lake property consists of 21 claims totaling 8,035 hectares (19,854 acres). The claims cover an unusual mafic intrusion that is host to disseminated and massive sulfide styles of mineralization. Between the years 2000 and 2012 eight samples of mineralized rubble have been found in glacial till. All of these samples are similar in their rock type and metal content and disseminated character of mineralization. The average metal content of the eight samples is 0.71% copper, 0.70 g/t gold and 324 ppb platinum+palladium. Drilling completed in 2005 and 2006, targeting electromagnetic anomalies, failed to find the source of the disseminated mineralization but did encounter significant thicknesses of pyrrhotite dominant massive sulfide e.g. drill hole IL-05-03 with 17 metres (aggregate thickness) of greater than 60% sulfide which graded 0.34% copper and 23.7% iron. Cobalt values in massive sulfide in drill core reach 0.14% over 1.4 meters with select hand grab samples reaching 0.35%

In 2016 claims were added on the southeastern side of the property to capture an area of arsenical gold mineralization associated with a megacrystic feldspar intrusion. Soil values in this area reach 12.0 grams per tonne gold and select rock samples reach 74.9 grams per tonne gold.

To earn the 60% interest GK is required to complete $3,000,000 in exploration, pay $400,000 in cash and $250,000 in cash/share equivalents over a 5 year term. A minimum $100,000 program is required in the first year.

This news release has been reviewed by J.W. Morton, P.Geo who is the Qualified Person within the context of NI43-101 and who takes responsibility for its content.


President and CEO
Eastfield Resources Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

About Eastfield Resources:

Eastfield Resources is a well-funded Canadian mineral exploration company focused on the discovery of large precious metal and copper deposits. Eastfield owns a 100% interest in five mineral projects in British Columbia. Eastfield trades on the TSX Venture exchange under the symbol "ETF". For more information, please visit the company's website at www.eastfieldresources.com.

 

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