Announcement Date: 2022-11-07
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Eastfield Resources Ltd.
Project name: Iron Lake
Location: Canada
Commodities: Copper,Nickel,Cobalt
Highlight: Drilling results incl. 4.8m at 0.33% Cu, 0.05% Ni, 222ppm Co from 123.8m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, BC, November 7, 2022 Eastfield Resources Ltd. “Eastfield” (TSX-V: ETF) (US-OTC: ETFLF) is pleased to announce that Iron Lake option partner Tech-X Resources Inc. “Tech-X” has provided Eastfield Resources Ltd. an update of its ongoing diamond drill program at the Iron Lake copper-nickel-gold-platinumpalladium-cobalt project located 45 kilometers northeast of the community of 100 Mile House, BC. Twenty-three drill holes have now been completed and results have been received for the bulk of the first 13 drill holes. Iron Lake is being explored for two target types: The first type being magmatic sulfides containing copper, nickel, gold, platinum, palladium and cobalt occurring as massive sulfide sheets and as disseminations, and the second target type being copper-gold porphyry hosted in adjacent diorite and monzonite porphyritic entities. Drilling has successfully expanded the area of the upper massive sulfide sheet first identified by Eastfield in 2005 when 17.0 meters of massive sulfide assaying 0.34% Cu, 0.03% Co and 362 ppm Ni was drilled. Modeling of the 2022 and historical drill holes confirmed that a drill intersection from 2006 is in a second sulphide sheet, and intersected a separate area of mineralization some distance away. While the massive intersections are so far dominated by pyrrhotite and magnetite, values in nickel are increasing with the anomalous nickel values occurring in hole IL22-07 located approximately 3 kilometers north of the original
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