Seafield Resources Ltd V.SFF

RE: RE: Hooray for James West

[JuniorIOU]

Ahemm...


Seafield Resources Ltd. (“Seafield” or the “Company”) is pleased to announce assay results from the first three drill holes at its Miraflores property at the Quinchia Gold project, Risaralda, Colombia. The Quinchia project contains a number of porphyry and porphyry breccia open pit targets including the breccia style deposit at Miraflores.
Highlight:

Hole QM DH-03 was drilled from the NE contact to the SW contact through the centre of the Miraflores porphyry breccia pipe body and intersected 449 metres grading 1.29 g/t Au, including 23.95 metres grading 9.18 g/t Au.
The Miraflores deposit currently contains an inferred mineral resource of 18.6 million tonnes grading 1.3 g/t gold at a cut-off grade of 0.5 g/t Au for a total of 776,000 ounces of gold. Using a cut-off of 0.3 g/t Au, the inferred resources expand to 976,550 ounces gold. The mineral resource estimate is based on 3,624 metres of drilling in ten diamond drill holes carried out in 2006 and 2007, and 154 underground samples. The current diamond drill program was designed to expand the resources and better delineate the porphyry intrusion breccia body which hosts the gold mineralization. Core logging from several of the current holes shows that the breccia body is more extensive at depth than was inferred from previous drilling. A total of 4,132 metres were drilled in 12 holes during the recently completed program…
For the complete story, please see PDF attached.