Mr.
Glen Garratt reports
EASTFIELD RESOURCES LTD. REVIEWS CORPORATE AND PROJECT DEVELOPMENTS
Eastfield Resources Ltd.
has provided a corporate review and update on current exploration activities.
Eastfield is a
Tier 1 issuer
on the
TSX Venture Exchange, having traded continuously since
1987
without interruption or share consolidation. Over this time, the company has focused on the exploration of
precious and base metals
across
Western Canada and the western United States. Eastfield currently holds
five copper- and/or gold-focused projects, all located in
British Columbia.
The company's principal asset, the
100-per-cent-owned Zymo copper-gold porphyry project, is located near
Smithers, B.C., and covers
18,184 hectares. Acquired in
2007
and fully optioned in
2012, Zymo has seen more than
$4.9-million
in exploration expenditures by Eastfield and former joint venture partners. Of major significance is an
eight-plus-kilometre-by-two-kilometre induced polarization anomaly
outlining a
copper-gold porphyry system
with multiple
one-kilometre-scale targets
and coincident
multielement geochemical anomalies. To date,
34 diamond drill holes (10,810 metres)
have been completed.
Mineralization occurs in
porphyritic diorites and adjacent sediments
exhibiting
strong potassic alteration. Five mineralized zones have been identified, including the
Hobbes
and
FM zones. Significant drill results include:
-
ZY08-09:
0.23 per cent copper and 0.32 gram per tonne gold over 252 metres, including 0.44 per cent Cu and 0.32 g/t Au over 159 m and 0.72 per cent Cu and 0.55 g/t Au over 72 m;
-
ZY08-10:
0.31 per cent Cu and 0.21 g/t Au over 159 m;
-
ZY11-20:
0.28 per cent Cu and 0.34 g/t Au over 126 m.
Peripheral precious metal veins have also returned up to
10.78 g/t Au
with several per cent
lead and zinc. Numerous induced polarization targets remain untested, and no deep holes have been completed to date.
The property features
flat to gently undulating terrain
with shallow overburden and
excellent access
through existing logging roads extending to its northeast boundary. In
December, 2024, Eastfield was granted a
five-year exploration permit
authorizing
50 drill sites
and
50 kilometres of geophysical surveying. A
2025 field program
of grid expansion and line-cutting is under way in preparation for a
2026 IP survey.
In
September, 2025, Eastfield completed a
private placement financing of $1.0-million, welcoming a new group of enthusiastic shareholders and further strengthening the company's treasury for future exploration.
This news release has been reviewed and approved by Glen Garratt, PGeo, who is the qualified person within the context of National Instrument 43-101 and takes responsibility for it.
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