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eastfield resources ltd (ETF) Snapshot

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Market Cap
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44.9M
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eastfield resources ltd (ETF) Details

Eastfield Resources Ltd. acquires, explores, and develops mineral properties. It primarily explores for gold, copper, silver, molybdenum, nickel, and platinum group metals. The company holds interests in various properties located in British Columbia, Canada, as well as in Nevada, the United States. Eastfield Resources Ltd. was founded in 1987 and is headquartered in Vancouver, Canada.

Founded in 1987

eastfield resources ltd (ETF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer, Vice President and D...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

eastfield resources ltd (ETF) Key Developments

Eastfield Resources Ltd., Annual General Meeting, Aug 21, 2013

Eastfield Resources Ltd., Annual General Meeting, Aug 21, 2013., at 10:00 Pacific Standard Time. Location: 110-325 Howe Street. Agenda: To receive the report of the directors, the audited financial statements of the company for the fiscal year ended February 28, 2013 and the report of the auditors thereon; to appoint Hay & Watson, Chartered Accountants, as the auditor for the company and to authorize the directors to fix the remuneration to be paid to the auditor; to set the number of directors at six and to elect directors of the company for the ensuing year; to approve the continuation of the company's 10% of capitalization rolling stock option plan; to approve the shareholder rights plan; to approve the advance notice requirements for nominations of directors; and to consider other matters, including without limitation such amendments or variations to any of the foregoing resolutions, as may properly come before the meeting or any adjournment thereof.

Eastfield Resources Ltd. Resources Discovers New Geophysical Targets at Iron Lake, BC

Eastfield Resources Ltd. provided an update on exploration completed in 2012 on its 100% owned Iron Lake-Hidden One copper, gold and platinum group metal project. The Iron Lake-Hidden One property is located 45 kilometres northeast of 100 Mile House, BC and encompasses an area of 16,871 hectares (41,688 acres). The 2012 exploration program on Iron Lake-Hidden One included 23.9 kilometres of induced polarization and magnetometer surveying and rock sampling. The Iron Lake-Hidden One property includes an unusual ultramafic body intruding a large calc-alkaline batholith. The ultramafic intrusion is host to disseminated and massive sulphide styles of mineralization. In the central area of the intrusion numerous pieces of mineralized rubble have been found since 2000 including two samples found in 2012. All samples have been extremely similar in their petrology (ultramafic olivine- pyroxenite) and metal content. The average of eight samples collected to date is 0.71% copper, 0.70 g/t gold and 324 ppb platinum+palladium. Drilling completed in 2005 and 2006, targeting electromagnetic (EM) responses, failed to find the source of the disseminated mineralization but did encounter significant thicknesses of pyrrhotite dominant massive sulphide (e.g. drill hole IL-05-03 with 17 metres in aggregate thickness of greater than 60% sulphide grading 0.34% copper and 23.7% iron).

Eastfield Resources Ltd. Announces Results from 2012 Drilling Program at Zymo Copper-Gold Project

Eastfield Resources Ltd. announced results for the 2012 drilling program at the Zymo Copper-Gold Project in British Columbia located 45 km west of Smithers, British Columbia. Historical exploration, including surface sampling, geophysical testing and core drilling, has identified a large copper-gold porphyry system that includes four distinct porphyry targets (Hobbes, FM, URC and RD Zones). Overall the targets are defined by coincident copper and gold soil anomalies contained within a 9.0 km by 3.0 km induced polarization chargeability anomaly which remains open to the southeast. Seven drill holes were completed for a total of 2,322 m and tested three target areas: FM, RD and Hobbes. The program was designed to add information in each area with respect to the geometry and orientation of the mineralizing systems to assist future drilling as it is speculated that parts of the large alteration system have been dramatically rotated. Hole ZY12-29 was located in the central FM target area and was planned to test the zone to depth. Hole 29 was lost at 27 m and hole ZY12-29B replaced it and intersected 144.0 m, from 114.0 m, grading 0.08 g/t gold and 0.16 g/t copper. The hole continued to 669 m where it ended in weakly altered intrusive, indicating that the mineralizing system is likely rotated such that the vertical drill hole cut across the system rather than down it. Further drilling will be required to determine the geometry of the mineralizing system in this area. Two drill holes were completed on this target which is defined by an 800 m by 1,000 m copper-gold in soil anomaly. The soil geochemistry indicated that the area may be high in the mineralizing system and the drilling intersected long intervals of phyllic alteration and narrow intercepts of sulphide rich veins indicating this case. Hole ZY12-30 intersected two such intervals one of which returned 3.0 m, from 231.0 m, grading 0.99 g/t gold, 0.91% copper and 72.8 g/t silver. Further drilling will be required to determine the potential of this large target area. The Hobbes Zone has been shown by previous drilling to extend over an area of 350 m by 720 m. Three holes were completed at the Hobbes Target. Drill hole ZY12-33 was placed approximately 100 m east of previous drilling and appears to have closed off the system in this direction. Hole ZY12-32 was located in the central portion of the zone but was directed to the southwest, the opposite azimuth of previous drilling, in an attempt to determine the geometry and orientation of the system. Hole 32 intersected a long interval of mineralization from 6.3 m for 293.7 m grading 0.16 g/t gold and 0.21% copper. The rest of the hole continued in highly altered and variably silicified rock to 582.0 m. The third hole at Hobbes, ZY12-34 was collared at the western end of the drill area at the site of hole ZY11-26 but was drilled to the southwest in the opposite direction of hole 26. Hole 26 had intersected 75.0 m, from 180.0 m, of 0.20 g/t gold and 0.29% copper. Hole 34 intersected mineralization from top to bottom returning 297.0 m, from 9.0 m, grading 0.07 g/t gold and 0.12% copper. The hole ended in 0.1% to 0.2% copper and indicates that the zone appears to widening in this western direction to in excess of 500 m. The URC Target is located 1.5 kilometres southwest of Hobbes and is defined by a large 200 metre by 1,500 metre copper and gold soil anomaly and coincident geophysical anomalies (magnetic high and IP high). Two drill holes completed in 2011 returned inconclusive results and the anomalies remain unexplained. The planned drilling at URC was unable to be completed in this program and the area remains largely untested. Drill core was sampled in three-metre intervals and cut with a diamond saw with one-half of the core placed in sealed plastic bags and delivered to Acme Analytical Laboratories Inc. In Smithers for crushing and pulverizing. Sample pulps were then analysed by Acme in their Vancouver lab following aqua regia digestion by ICP-MS. As part of the company's QA/QC (quality assurance/quality control) procedures, internationally recognized standards and blanks were inserted into the sample batches. ACME is an ISO 9001-registered laboratory and has a quality control program in place which includes the insertion of standard, blank and duplicate samples, as well as conducting repeat analyses.

 

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