News "Copper in Biritsh Columbia"
Eastfield, Prophecy Coal sample 2,037 ppm Cu at OK
2013-05-03 15:41 ET - News Release
See News Release (C-ETF) Eastfield Resources Ltd
Mr. Bill Morton of Eastfield reports
EASTFIELD RESOURCES OUTLINES NEW COPPER-MOLYBDENUM ANOMALY OUTLINED AT OKEOVER
Eastfield Resources Ltd. and joint venture partner Prophecy Coal Corp. have filed a report detailing the 2012 program at the Okeover (OK) project, located northeast of the community of Powell River, for assessment requirements (Eastfield 40 per cent and Prophecy 60 per cent).
The OK property, which is situated approximately 150 kilometres northwest of the city of Vancouver, represents a prospective copper-molybdenum porphyry system located along the south coast of British Columbia. The 2012 program expanded on a program of geochemical and geophysical surveying initiated at Okeover in 2010 and furthered in 2011. It consisted of grid expansions and soil sampling to follow up on encouraging results including the 2011 delineation of a well-defined two-plus-kilometre-long open-ended induced polarization anomaly and very strong soil geochemical results from 2010, which included copper values to 53,100 parts per million (plus 5 per cent Cu) and soil molybdenum values to 1,361 ppm (plus 0.13 per cent Mo). The grid expansions completed in 2012 have outlined a new robust soil copper anomaly approximately one kilometre southwest of the North Lake zone in an area well beyond the limits of the 2011 geophysical survey. In this area a number of soil samples exceed 400 ppm Cu up to 2,037 ppm, and a number of soil samples exceed 50 ppm Mo up to 90.6 ppm.
The North Lake zone is one of eight zones of copper-molybdenum mineralization so far discovered in a five-kilometre-long interval on the Okeover property. It is the only zone with sufficient drilling to allow the calculation of an inferred mineral resource. A technical report authored by N.C. (Nick) Carter, PhD, PEng, calculates a National Instrument 43-101-compliant inferred mineral resource for the North Lake zone of 86.8 million tonnes grading 0.31 per cent copper and 0.014 per cent MoS2 (molybdenum disulphide) (at a 0.20-per-cent Cu cut-off). The North Lake zone coincides with the 2010 IP anomaly occupying approximately 30 per cent of the long dimension of this anomaly suggesting considerable potential for expansion (an interpretive figure has been posted at Eastfield's website).
Eastfield and Prophecy have not finalized a 2013 program but are encouraged by the recent results and will announce the next program later in the season.
J.W. (Bill) Morton, PGeo, president of Eastfield Resources, is the qualified person who takes responsibility for this news release.