Mr. Glen Garratt reports
EXPLORATION PERMIT ISSUED FOR ZYMO PROJECT
Following an eight-month review, an exploration permit has been issued for Eastfield Resources Ltd.'s 100-per-cent-owned Zymo copper-gold porphyry project located
45 kilometres west of the community of Smithers, B.C.
The Zymo copper-gold porphyry project encompasses
18,184
hectares and includes a significant eight km long by two km wide strongly induced polarization anomaly defining a copper-gold porphyry system containing several one km square (or more) targets with extensive areas having chargeability responses greater than 20 mv/V (millivolts per volt). To date, Eastfield and former partners have expended approximately $5-million exploring this project, including 34 drill holes (10,810 metres).
Mineralization occurs in porphyritic diorites and adjacent sediments in zones of strong potassic alteration. Two of the more notable zones discovered to date are named the Hobbes and FM zones (five zones in total now discovered). Mineralization is surrounded by extensive areas of phyllic alteration which in turn is surrounded with a much larger area of chlorite and iron carbonate alteration suggesting unknown additional zones are probable, both latterly and at depth.
Results to date include drill holes
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ZY08-09 with 0.72 per cent copper and 0.66 gram per tonne gold over 72 metres;
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ZY08-10 with 0.31 per cent copper and 0.21 g/t Au over 159 metres;
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ZY11-20 with 0.28 per cent copper and 0.34 g/t gold over 126 m.
Peripheral precious metal veins have returned up to 10.78 g/t gold with several percent lead and zinc.
Topography is generally flat to undulating covered with a variable depth of overburden (generally not deep). Logging roads and clear cuts now extend to the northeast side of the property.
In 2024 the claim group was expanded by 5,455 hectares to cover additional airborne geophysical targets and an area underlain by the prospective Quock Group of the Hazelton formation which is host to the world-class Eskay Creek high-grade gold-silver mine. Initial fieldwork to evaluate targets on the new claims was initiated in September, 2024. The permit, which is valid until March 30, 2030, authorizes 50 drill sites and 50 km of geophysical surveying.
This news release has been reviewed and approved by Glen Garratt, PGeo, who is the qualified person within the context of National Instrument 43-101 and takes responsibility for it.
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