Gold projects in Nevada will provide an exploration focus for Eastfield Resources (ETF-V), a Vancouver-based junior which earlier this year announced plans to spin off its Canadian assets.
Eastfield expects to spend more than $1 million exploring its non-Canadian assets, which include the Tonopah gold project and the North Mill Creek project.
The 1996 program carried out at Tonopah (near the town of the same name) by Eastfield and partner Prism Resources (PRN-V) established a resource of 7.9 million tons grading 0.24 oz. gold per ton, contained in the Three Hills and Hill of Gold areas.
The bulk of this resource is within the Three Hills area, which is largely drilled off. The Hill of Gold area remains open in several directions and requires infill drilling to determine its tonnage and grade potential.
The 1997 program is aimed at adding new tonnage through additional exploration and drilling. It also will test a number of new targets identified in the Three Hills and Hill of Gold areas.
On its own, Eastfield is earning a 60% interest in the North Mill Creek gold property in the Battle Mountain trend from Cyprus-Amax (CYM-N). This project is still in the early stages of exploration.
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