Eastfield Resources Announces Commencement of Fieldwork at Iron Lake
Eastfield Resources Announces Commencement of Fieldwork at Iron Lake
Vancouver, B.C. , July 15 , 2019, Eastfield Resources Ltd. (TSX -V: ETF) (“Eastfield ”) announces it has
started the 2019 exploration program on its wholly owned Iron Lake property (copper -gold-platinum -
palladium -cobalt -nickel ). Iron Lake is subject to an option agreement with GK Resources Ltd. (TSX-V:
NIKL) (“GK”) whereby GK may earn a 60% interest in the project by making $600,000 in option
payments (cash and/or shares) and completing $3,000,00 0 in exploration work by June 20, 20 23.
Iron Lake is located 45 kilometers northeast of the community of 100 Mile House, in southern British
Columbia. The property consists of 21 claims totaling 8,035 hectares (19,854 acres) covering a large
mafic to ultra mafic intrusive body in which pyroxen ite, olivine pyroxenite, gabbro and sodic pegmatite
predominate. The intrusion is host to disseminated and massive sulfide styles of mineralization. Between
the years 2000 and 2012 many samples of mineralized rubble were found at Iron Lake in a glacial till
esker feature enclosed within an open ended IP chargeability anomaly. All of these samples are
composed of olivine pyroxenite with a disseminated character of mineralization with an average metal
content (8 samples ) of 0.71% copper, 0.70 g/t gold , 0.32 g/t platinum + palladium and 417 ppm nickel .
The bedrock source of this material has not yet been determined but is the focus of the 2019 program.
Drilling completed in 2005 and 2006, targeting electromagnetic anomalies just south of the IP anomaly,
encountered significant thicknesses of mas sive sulfide mineralization (e.g. hole IL -05-03 with 17 met ers
aggregate thickness of greater than 60% sulfide grading 0.34% copper and 23.7% iron). Cobalt values in
the massive sulfide reach 0.14% over a 1.4 meter drill core sample interval while select grab samples
reach 0.35%.
Induced polarization surveying is currently being completed to refine drill targets which will be drilled
later in the program.
This news release has been reviewed by J.W. Morton P.Geo who is the Qualified Person within the
context of NI43 -101 and who takes responsibility for its content.
J.W. Morton, P. Geo.
President and CEO
Contact: (604) 681 -7913 or Toll Free: 888 -656-6611
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this news release.
About Eastfield Resources:
Eastfield Resources is a well -funded Canadian mineral exploration company focused on the discovery of
large precious metal and copper deposits. Eastfield currently has six mineral projects located in British
Columbia of which three are currently optioned t o third parties with work programs anticipated this year.
These include: Hedge Hog (copper -gold-cobalt), optioned to Surge Exploration Inc. Indata (copper -gold),
optioned to Prophecy Potash Corp. and Iron Lake (copper -gold -platinum -palladium -cobalt -nickel )
optioned to GK Resources Limited.
For more information, please visit the company’s website at www.eastfieldresources.com.