NEVADA SPECIAL — Eastfield options ground on Battle Mountain trend

Eastfield Resources (ETF-V) has reached an agreement with Cyprus Amax Minerals (CYM-N) to option the North Mill Creek property in the Battle Mountain trend of Nevada.

Eastfield can earn a 60% interest in the property, which consists of 72 unpatented claims, by spending US$500,000 over four years.

Cyprus conducted mapping, sampling and geophysical surveys, and drilled three shallow holes before farming out the property. Several major structures cross the property, including a 1,000-ft.-wide breccia that can be traced for almost 4,000 ft.

Eastfield will drill four 1,000-ft. holes in the summer.

Meanwhile, near Tonapah, Nev., Prism Resources (PRN-V) has an option to earn 50% of Eastfield’s 2,200-acre Hill of Gold property. The two companies are jointly acquiring another 2,000 acres of adjoining property known as the Three Hills project.

The Three Hills contains a resource of 3.18 million tons grading 0.036 oz.

gold per ton. Mineralization, hosted in early Miocene tuffs, is highly structurally controlled. To date, 142 holes have been drilled on the property.

The Hill of Gold has had only 78 drill holes, and mineralization is also structurally controlled in Miocene volcanic rocks. Eastfield believes there is potential here for 200,000 oz.

Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) are exploring the Hasbrouck Mountain deposit, immediately south of Eastfield’s properties. The deposit contains a resource of 7.7 million tons grading 0.036 oz. gold and 0.7 oz. silver.