Eastfield Resources Ltd.

Eastfield Resources Ltd.

December 06, 2006 18:46 ET

Eastfield Resources Ltd.: Jajay-Lorraine Project Update-First Ever Drill Intercepts in the Slide Target

55.5 metres of 0.72% copper New Drill Intercept in Copper Peak

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 6, 2006) - Eastfield Resources Ltd. ("Eastfield") (TSX VENTURE:ETF) is pleased to announce that the final results of the 2006 exploration and drilling program on the Jajay/Lorraine Project, northwest of Prince George, BC, have been received from Teck Cominco Limited ("Teck Cominco"). The drilling program was designed to test targets identified by the IP geophysical surveys previously reported (September 14, 2006 news release) and detailed geologic mapping. Significant new intercepts of copper mineralization were intersected at the Misty and Slide targets, and potential mineralized zone extensions and new zones are indicated in the Lorraine drilling. Geochemical soil sampling indicates two extensive copper anomalies on the flanks of All Alone Dome, just north of the Main Zone.

Seventeen diamond drill holes, totaling 5,675.8 metres, were completed during the program. Ten of these holes were completed on the Misty and Slide targets and the rest were broadly spaced on targets around the core Lorraine property.

Misty Drilling:

Six widely spaced holes were drilled along the previously untested 3.5 kilometre long IP geophysical anomaly that outlines the Misty target. The first five holes tested the northern end of the target and were spaced over approximately 1.8 kilometres. The sixth hole was drilled 1.7 kilometres to the southeast on the southeastern end of this open-ended geophysical target.

Four of these holes intersected notable mineralization with grades ranging from 0.11% to 0.68% copper over intervals of 3.0 to 27.3 metres. The most significant intercepts were: 105.1 metres grading 0.13% copper in hole JTM-06-2 (including 27.3 metres grading 0.21% copper); 29.2 metres grading 0.11% copper in hole JTM-06-4; and 15.0 metres grading 0.11% copper in hole JTM-06-5.

The Misty zone is now known to host mineralization over a length of 3.5 kilometres and requires further drilling to follow up.

Slide Drilling:

A 1.5 kilometre long, open-ended IP geophysical anomaly at the Slide target was tested by four holes, three at the northern end and one a kilometre to the south. Drill holes JTM-06-7 and 10, spaced one kilometre apart, intersected strong mineralization representing the first drill intercepts of copper mineralization in this area where only one copper occurrence in a trench was known. These holes represent a significant northwesterly extension of the Lorraine mineral system. The results of these holes are as follows:

HOLE ID (m) (m) (m) (%) (g/t) (g/t)

JTM-06-7 261.5 317.0 55.5 0.72 0.07 5.5

JTM-06-10 26.4 97.3 70.9 0.26 - 10.5
including 74.4 97.3 22.9 0.64 0.15 30.0

Lorraine Area Drilling:

Seven holes were completed at various sites in the Lorraine area. Two holes (L-06-107, 108), located approximately 100 to 200 metres southwest of the Main/Weber Zone, tested adjacent structural blocks. Hole L-06-107 intersected 21.8 metres grading 0.15% copper in strongly altered intrusive rocks resembling Main Zone style mineralization. This step-out indicates favourable potential to expand the mineral zones in this region.

Three holes drilled in the south Lorraine ridge, Copper Peak, and Bishop Bowl areas, southeast of the Main Zone, all intersected copper mineralization and indicate the potential for the discovery of new zones in these areas. The best intercept was at Copper Peak where hole L-06-111 returned 15.2 metres grading 0.41% copper. This hole lies 300 metres west of the well-mineralized Bishop Zone and 250 metres east of previously reported drill hole 04-89 which intersected 20.69 metres grading 0.77% copper and 0.14 g/t gold. These drill holes indicate the potential for mineralization over a large previously untested area that will require future drill testing.

Bishop Bowl Area Drilling:

One hole (L-06-113) was completed in the Bishop Bowl area, approximately 180 metres northwest of the northern most Bishop Zone drill hole and 300 metres southeast of the southern most Main Zone drill hole. Hole L-06-113 intersected 27.8 metres (starting at 15.2 metres) grading 0.21% copper. A second intercept in this hole returned 39.7 metres grading 0.11% copper (starting at 243.8 metres). These mineralized zones are very significant and indicate the potential for continuity between the Main and Bishop Zones.

New Geochemical Target:

A geochemical soil sampling grid was completed over a 1.5 by 1.0 kilometre area northwest of the Main Zone, on the southern slopes of All Alone Dome. Two strong copper anomalies are defined by a 200 ppm Cu threshold contour (values range up to 10,380 ppm Cu): (1) on the eastern side of the grid an anomaly extends the full one kilometre length of the grid, is up to 500 metres wide and is open to the east, south and north; and (2) a second anomaly occurs on the western portion of the grid and is outlined over an area 600 to 800 metres long and 50 to 200 metres wide. The eastern anomaly is coincident with a moderate chargeability IP anomaly that was outlined in a 2004 survey. No drilling has been undertaken in this area, and it is interpreted to represent a probable significant northwest extension of the Main Zone.

Teck Cominco Limited is earning a 51% interest in the Jajay-Lorraine project by spending $9 million by 2011, and have rights to earn up to a 65% interest. Teck Cominco has incurred exploration expenditures of approximately $3.8 million to date.

G.L. Garratt, P.Geo., is the qualified person who has reviewed and takes responsibility for this news release. All reported drill intervals represent core sample length and the true width of the zones has not been determined.

G.L. Garratt, P.Geo., Officer and Director

Eastfield Resources Ltd.

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • B & D Capital Partners
    Don Mosher
    (604) 685-6465