Canaccord Chatter Seafield Resources* (SFF : TSX-V :
.23), Net Change: 0.06, % Change: 32.35%, Volume: 6,088,639
Jumping into Sea. Investors were buying up shares of Seafield Resources after the company released positive drill results from
its 100%-owned Miraflores property in Colombia. Highlights of the news release include hole QM-DH-24 which intersected
167.75 m of 1.05 g/t gold, including 44.10 m of 2.94 g/t gold. Also of interest was hole QM-DH-25 which intersected 161.00 m
at 0.78 g/t gold, including 36.30 m at 0.95 g/t gold and 6.45 m at 3.02 g/t gold. Miraflores' deposit is a low sulphidation
epithermal deposit-located in Colombia's mineral-prolific Mid-Cauca gold belt. The deposit's mineralization is characterized by
a hydrothermal breccia pipe with free gold associated with cement materials and high-grade structures where gold is associated
with zinc, lead, copper and iron. At surface, the breccia pipe has a drill-tested diameter of 250 m by 280 m. The breccia pipe
widens and is open at depth with a current drill-tested vertical extent of 600 m. The company recently updated the NI 43-101
compliant resource estimate for the Miraflores Property with measured and indicated resources of 1,227,593 ounces of gold at
0.9 g/t gold and an inferred resource of 354,512 ounces of gold grading 0.9 g/t gold. The resource estimate was based on 7,757
m of drilling with 22 diamond drill holes and 154 underground channel samples. Since then, the company has completed an
additional 7,485 m of drilling with 13 diamond drill holes at Miraflores and plans to update the deposit's resource estimate by
the end of January 2012.