Eastfield Resources Reports Recent Activity near the Tonopah-Hughes Gold-Silver Project, Nevadaadmin
VANCOUVER, BC / ACCESSWIRE / April 4, 2014 / Eastfield Resources Ltd. (“Eastfield”) (TSX-V: ETF), due to recent shareholder inquiries, would like to report recent activity in the Tonopah area of Nevada near its 100% owned Tonopah-Hughes Property. The Tonopah-Hughes property consists of twenty-six patented claims encompassing an area of approximately 400 acres (162 hectares).
On January 27, 2014 West Kirkland Mining Inc. (“West Kirkland”) (TSX-V: WKM) entered into an agreement with Allied Nevada Gold Corp. (“Allied Nevada”) (TSX: ANV) to acquire the Three Hills and Hasbrouk Mountain gold project. Three Hills is located immediately west of the community of Tonopah and south of the Eastfield-owned claims. The Eastfield-owned claims are partly contiguous with the West Kirkland claims and overlie a portion of the north end of the historic Three Hills resource.
West Kirkland recently released an updated resource for the Three Hills property resulting in Measured and Indicated Resources of 8,504,000 tons grading 0.018 oz/ton gold (0.62 g/t Au, 151,000 oz of Gold) and Inferred Resources of 11,002,000 tons grading 0.014 oz/ton gold (0.51 g/t Au, 154,000 oz of Gold). The Three Hills deposit is an oxidized, low-sulphidation, epithermal disseminated gold deposit amenable to a low cost heap leach operation.
In 1997 Eastfield completed drill hole TH-97-16, collared on its Protection Claim, which returned separate intercepts of 7.55 g/ton Au and 288.0 g/ton Ag over 3.1 m from 153.9 m to 157.0 m and 1.89 g/t Au and 102.9 g/t Ag over 3.1 m from 189.0 m to 192.1 m, respectively. No further work has since been completed.
The Tonopah area was one of the most important gold-silver lode mining districts in the State of Nevada with reported production between 1900 and 1942 of 1.8 million ounces of gold and 174 million ounces of silver from 8.2 million tons of rock (implying an average recovered grade of 8.23 g/t Au and 795.4 g/t Ag processed). The Eastfield-owned claims represent a large portion of the hypothesized western (and largely unmined) extension of the historic Tonopah district. The company is encouraged to see the Three Hills project move forward.
J.W. Morton, P.Geo., who is a qualified person within the context of National Instrument 43-101, has reviewed and takes responsibility for this news release.
J.W. Morton, P. Geo.
President and CEO
Eastfield Resources Ltd.
Contact: Paul Way, Business Development Manager
(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 Canadian mineral exploration company focused on the discovery of large gold and copper deposits; it currently has projects in British Columbia and in Nevada. Eastfield trades on the TSX Venture exchange under the symbol “ETF”. For more information, please visit the company’s website at www.eastfieldresources.com.
SOURCE: Eastfield Resources
Posted: April 4th, 2014 under ACCESSWIRE.