Seafield Resources Ltd.
TSX VENTURE : SFF

Seafield Resources Ltd.

November 12, 2008 13:13 ET

Seafield Provides Gold Assay Results From Elora Drill Program

TORONTO, ONTARIO--(Marketwire - Nov. 12, 2008) - Seafield Resources Ltd. ("Seafield" or the "Company") (TSX VENTURE:SFF) is pleased to report assay results from its summer drill program on the Jubilee gold zone at the Elora Project, near Dryden in NW Ontario. The nine hole, 2,306 metre program was designed to test down plunge from previous high grade intercepts on the Jubilee zone as well as to explore the zone and an adjacent structure along strike to the north. The best intersection of the program was on hole E-08-33 with 34.9 g/t Au over 2.8 m within a broader zone of mineralization which returned 15.5 g/t Au over 6.9 m.

The intersections of the current drill holes and their relationship to earlier holes drilled to test the Jubilee zone can be viewed on a longitudinal section which can be found on the Company website at www.sffresources.com.



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Core Core
Interval Length Gold
Hole # (m) (m) (g/t) Mineralization
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E-08-31 87.6 - 88.0 0.4 2.7 Blue-grey quartz (qtz) vein
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E-08-31 125.0 - 126.7 1.7 1.7 Jubilee Zone; silicified pyritized
with qtz veins 3-20cm wide,
5-15% pyrite
---------------------------------------------------------------------------
E-08-32 165.25 - 168.1 2.85 4.25 Jubilee Zone; silicified and
pyritized, qtz stringers, veining up
to 60cm wide, up to 15% pyrite (py)
---------------------------------------------------------------------------
including 166.4 - 166.7 0.3 14.6
---------------------------------------------------------------------------
E-08-33 186.0 - 192.9 6.9 15.5 Jubilee Zone; silicified and sericite
altered, up to 60% qtz veining and
flooding, 1-15% py.
---------------------------------------------------------------------------
including 187.2 - 190 2.8 34.9
---------------------------------------------------------------------------
E-08-33 201.2 - 201.9 0.7 5.8 Similar to Jubilee Zone; silicified
with qtz veinlets, trace -7%
py + pyrrhotite (po)
---------------------------------------------------------------------------
E-08-33 204.3 - 205.0 0.7 2.62 Silicified, with 20-30% qtz stringers
+ 3-5% py - po
---------------------------------------------------------------------------
E-08-34 47.9 - 50.5 2.6 1.55 Qtz - sericite altered sheared, with
qtz veining up to 30cm wide, trace-
5% py
---------------------------------------------------------------------------
including 49.3 - 49.6 0.3 8.9
---------------------------------------------------------------------------
E-08-34 188.8 - 191.0 2.2 1.25 Jubilee Zone; qtz veining up to 70cm
wide with trace-2% py in quartz-
sericite altered rock
---------------------------------------------------------------------------
E-08-35 265.3 - 268.1 2.8 1.35 Jubilee Zone; qtz veining up to 30cm
wide, trace-3% pyrite, trace po
---------------------------------------------------------------------------
E-08-36 109.6 - 110.2 0.6 7.87 Irregular brecciated qtz vein with 5%
pyrite
---------------------------------------------------------------------------
E-08-36 112.2 - 116.0 3.8 3.4 Jubilee Zone; qtz vein in
intercalated pyritic siltstone
(5-15% py) and qtz-sericite altered
mafic volcanic
---------------------------------------------------------------------------
including 112.2 - 113.0 0.8 12.35
---------------------------------------------------------------------------
E-08-36 129.0 - 138.0 9.0 1.4 Qtz-sericite+/-fuchsite altered mafic
volcanic with 30%(+) qtz veining and
trace-1% pyrite
---------------------------------------------------------------------------
E-08-37 86.3 - 87.0 0.7 1.12 Qtz vein with 1-2% po, trace py and
chalcopyrite
---------------------------------------------------------------------------
E-08-37 92.0 - 92.9 0.9 1.49 Silicified mafic flow breccia with
irregular patchy quartz-pyrite
---------------------------------------------------------------------------
E-08-37 220.0 - 229.5 9.5 1.40 Qtz-sericite-fuchsite altered mafic
volcanic with 30% white, qtz veining
with trace-1% py
---------------------------------------------------------------------------
including 228.0 - 229.5 1.5 3.58
---------------------------------------------------------------------------


Drill holes E-08-31, E-08-32 and E-08-33 were drilled on the same grid section (1020N) to test down plunge from a higher grade shoot interpreted from earlier drilling at a shallower depth on the Jubilee zone. The best intersection was on the deepest hole on this section, E-08-33, with 34.9 g/t Au over 2.8 m within a broader zone of mineralization (15.5 g/t Au over 6.9 m). Also hole E-08-32 which intersected the zone some 30 m vertically above returned 14.6 g/t Au over 0.3 m within a broader zone of 4.25 g/t Au over 2.85 m. Further drilling is being planned to test this shoot below 200 m depth.

Holes E-08-34 and 35 (drilled on section 1110N located some 90 m along strike to the north) also intersected the Jubilee zone down to about 250 m vertical depth but returned lower gold values.

Holes E-08-36 and 37 (drilled from the same location on section 1300N, a further 190 m along strike to the north) intersected the Jubilee zone with E-08-36 returning 12.35 g/t Au over 0.8 m.
On this most northerly drill section on the hanging-wall (east) side of the Jubilee zone, a new mineralized zone (M zone), characterized by quartz-sericite-fuchsite (green mica) altered mafic volcanics with associated quartz veining and minor pyrite was noted in both E-08-36 and 37. The zone is characterized by a large volume ( greater than 35%) of milk white to grey-white, bullish quartz veining up to 3 metres wide with varying amounts (nil to 10%) of altered, included wall-rock fragments. Pyrite occurs as fine to medium grained disseminations (trace to 2%) within altered volcanic inclusions. Although the gold content was low at 1.4 g/t Au in both holes, the zone measures 9 m thick and warrants further testing.

In addition to the intersections on the Jubilee zone, most of the holes intersected narrow, gold mineralized structures in both the hanging-wall and foot-wall to the Jubilee zone. Those with values over 1 g/t Au are also listed in the table above to demonstrate that the Jubilee zone is part of a broader gold mineralized system.

Holes E-08-38 and 39 were drilled to test an induced polarization (IP) anomalous zone parallel to and west of the Jubilee zone. The IP anomaly is interpreted to be due to a series of spaced, relatively narrow, pyrite and pyrrhotite-rich structures and quartz veins which returned no significant gold values.

A new drill program is under consideration to follow up on the encouraging results from the Jubilee zone and M zone described above.

All samples were delivered to Accurassay Laboratories, Thunder Bay, Ontario, an ISO 17025 certified laboratory, for assay using standard fire assay techniques with atomic absorption finish. Rejects and pulps of the samples are stored at the laboratory in Thunder Bay. The diamond drilling program and preparation of this press release were under the direct supervision and responsibility of Garry J. Clark P. Geol., a Qualified Person as defined by National Instrument 43-101.

This news release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of commodities, general market conditions, risks inherent in exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. The Company relies on litigation protection for forward looking statements.

No Stock Exchange has reviewed nor accepted responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Seafield Resources Ltd.
    Anthony Roodenburg
    President & CEO
    (416) 367-4571
    Website: www.sffresources.com