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Gold/Mining/Energy : Eastfield Resources Ltd.
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To: Wildrose Resources Ltd. who wrote (48)8/20/1999 11:52:00 AM
From: Eastfield Resources Ltd.  Read Replies (1) of 59
 
Drill Targets outlined on Crowsnest Gold Project

Bill Morton, Eastfield president, reported on August 16/99:

The phase-one exploration program at the Crowsnest property, 50 kilometers southeast of Fernie, British Columbia, is complete and preparations are being made for the phase-two drilling program. At least two large geophysical anomalies have been targeted for drilling.

The phase-one program was designed to locate the source of a 1.5 kilometer-long soil gold geochemical anomaly and numerous sulphide and magnetite bearing boulders found in the overburden by previous exploration. The strongly mineralized boulders assayed up to 18 ounces of gold per ton and are syenite and syenite breccias, typical of alkaline intrusion hosted gold deposits such as Cripple Creek, Colorado (26 million ounces gold).

Approximately 17 kilometers of grid were located to the northwest of the original geochemical anomaly. Soil sampling, geologic mapping and geophysical surveying (IP and magnetometer) were undertaken over the grid area. Approximately 1.8 kilometers of drill access roads were built and drill sites are now being prepared.

Highlights of the program to date are:

* Several new occurrences of mineralized float boulders of syenite and syenite breccia have been found that assay between 0.14 and 1.77 ounces of gold per ton.

* Two large geophysical anomalies were outlined by the IP survey. The southern anomaly measures approximately 200 meters by 600 meters, is open to the south and parallels and partly coincides with two magnetic highs. Weaker chargeability anomalies extend beyond the southern anomaly to the northwest. The northern anomaly measures approximately 125 meters by 1000 meters and is open to the west. The two anomalies lie approximately 400 meters apart.

* Just to the northwest of the southern IP anomaly, an old trench which had reported significant gold values was reopened for examination. An altered and partly silicified syenite dyke intrudes carbonate rocks and sampling of the trench returned 16.5 meters grading 0.25 oz/t gold within which 7.2 meters averaged 0.49 oz/t gold.

Eastfield management is very encouraged by the results to date and plans to undertake an initial 1000-meter drilling program which is anticipated to begin in the next two weeks.
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