Eastfield Resources Ltd.: Gold Target Identified at Iron Lake
14.11.2016 | The Newswire
Vancouver, Nov 14 2016: Eastfield Resources Ltd. ("Eastfield") (TSX-V: ETF) has discovered a significant gold target at its Iron Lake mineral property located in south-central British Columbia 45 kilometers northeast of the community of 100 Mile House. Iron Lake is a copper, gold and platinum group elements project encompassing an area of 9,389 hectares (23,220 acres) that covers a mafic to ultramafic intrusive body of probable early Jurassic age.The area of the new gold target occurs on claims which were added to the project in late 2015 and early 2016 and largely occur outside the ultramafic intrusive which has been the focus of exploration since the core Iron Lake claims were staked in 2000.
The recent work entailed establishing 10 kilometers of soil grid line in an area where historic work identified a gold arsenic association with select bedrock samples reaching 74.90 grams per tonne gold and soil samples reaching 12.00 grams per tonne. The current work returned select rock samples grading up to 31.22 grams per tonne gold (1.00 ounces per ton) and soil anomalies up to 5,023 ppm arsenic with 1,213 ppb gold (with many samples with much lower values). Associated elements to gold-silver mineralization include lead, zinc, arsenic, antimony, bismuth and tellurium. Anomalous concentrations of these elements are widespread.
A large area of pyritic monzonite to quartz monzonite appears to be the underlying bedrock hosting the auriferous structures which contain several percent sulfide.
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 gold and copper deposits with several highly prospective projects in British Columbia and in Nevada. Eastfield owns a 100% interest in five mineral projects in British Columbia and one in the state of Nevada. The British Columbia projects are significant for copper with accessory precious metals while the Nevada project is specifically significant for gold and silver. Eastfield trades on the TSX Venture exchange under the symbol "ETF". For more information, please visit the company's website at www.eastfieldresources.com.
