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Gold/Mining/Energy : Eastfield Resources Ltd.
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To: Eastfield Resources Ltd. who wrote (40)1/25/1999 9:21:00 PM
From: Wildrose Resources Ltd.  Read Replies (1) of 59
 
New Alaska Mineral property

Eastfield has recently acquired the Porcupine property - including four state claims and 66 prospecting sites covering 16.5 square miles in the Goodpaster District, east-central Alaska. The property is ten miles northeast of the Pogo project of Teck Corp. and Sumitomo Metal Mining where a ten million ton deposit grading 0.52 ounces of gold per ton was announced in November, 1998.

The Porcupine property covers an area which is geologically and geophysically similar to the Pogo deposit, both properties being situated within a trend of magnetic low anomalies that coincide with contacts between intrusive and metamorphic rocks.

Eastfield is reviewing the Porcupine property with other mining companies with a view to an option/ joint venture to fund exploration.
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