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Eastfield Resources Ltd.
Summary
| Project: | Zymo | |
|---|---|---|
| Deposit: | Zymo | |
| Location: | Canada | |
| Commodities: | Copper-Gold | |
| Date: | 3/26/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-3-2019: Eastfield Resources Ltd. announces an Exploration/Drilling Update report for its Zymo deposit at the Zymo project. Technical report summarizing work completed on property and further work planned. The Zymo property is located approximately 45 k | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Johnston (Independent) | |
| ABSTRACT: | The Zymo property is located approximately 45 kilometres west of the town of Smithers in west‐central British Columbia. The property is comprised of 34 claims and fractions totaling 9194.9 hectares and is held by Eastfield Resources Ltd. (Eastfield) who first obtained an option on the claims in 2007 and gained 100% ownership in 2012. The property is underlain by Hazelton, Bowser Lake and Skeena Group sediments which have been intruded by porphyritic diorite and granodiorite, probably of the Cretaceous age Bulkley Plutonic Suite. The main area of interest is the northwest trending Zymo Ridge, which is situated between Mulwain and Red Canyon Creeks. This ridge is rounded and subdued with a maximum elevation of 1,500 metres, in contrast to the ridges to the northeast and southwest which rise as rugged crags to over 2,300 metres. The Zymo Ridge sediments are intruded by diorites, whereas the intrusive rocks north of Mulwain Creek are leucocratic granites, probably of the younger Eocene Nanika Suite. Porphyry type copper‐gold mineralization was discovered on the property in the mid 1980’s during follow‐up of government regional copper stream sediment anomalies. Freeport Copper Company drilled six diamond drill holes in 1999 which encountered anomalous copper and gold values in phyllic altered intrusive rocks in what is currently referred to as the FM Zone (Main Zone at the time). NDT Resources flew an airborne geophysical survey over the property in 2004, but did not conduct any surface work. The magnetics showed a low magnetic trough that slightly crosscuts Zymo Ridge, which contained a number of discrete magnetic highs, one of which coincides with the Hobbes Zone. Eastfield Resources optioned the property in 2007 and has held it since, acquiring full ownership in 2012. Between 2007 and 2012 Eastfield and various joint venture partners conducted extensive exploration programmes over the Zymo property, including mapping, prospecting, soil and rock sampling, ground geophysics, and drilled a total of 28 holes totalling 9321.97 metres. At total of C$4.46 million has been spent on exploration of the Zymo property since 1987. | |
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