Drilling opens Lorraine potential for Eastfield (October 21, 2004)

Vancouver – In its effort to expand zones of copper-gold mineralization at the Lorraine project, in north-central British Columbia, the latest drilling by Eastfield Resources (ETF-V) has met with success.

The company’s step-out drill campaign has shown correlation in three zones previously thought to be separate. With the drill results and the geological mapping, they are now interpreted as being one, larger zone that appears to extend about four kilometres.

In Eastfield’s southwestern step-out, drill hole 04-82 intersected four distinct intervals of copper-gold mineralization. A 19 metre intercept (from 3 metres depth) averaged 0.85% copper and 0.09 grams gold per tonne; a second 19.5 metre section (from 28 metres) cut 0.94% copper and 0.06 grams gold; further down hole a 9.6 metre interval (from 67 metres) graded 0.63% copper and 0.06 grams gold; and a higher-grade intersection of 23 metres (from 89 metres) assayed 1.46% copper and 0.11 grams gold.

The hole was collared at over 200 metres lower elevation than previous drilling at the South Main zone, and shows evidence of representing a stronger section of the mineralizing system. This southwest step-out shows the tabular mineralized system at Lorraine does continue along its southwesterly dip direction.

Southeast of the Upper Main zone, a couple of drill holes were collared to test the new South Main zone, an interpreted offset of the Upper Main zone. The holes intersected multiple "stacked" tabular intervals of copper-gold mineralization. Hole 04-74 cut 19 metres (from 14.5 metres) of 0.55% copper and 0.27 grams gold, including 10.7 metres of 0.84% copper and 0.35 grams gold. Three other mineralized "bands" were also encountered in the hole greater than 0.1% copper and over 6-11 metre intervals.

Northwest, towards the All Alone Dome area, Eastfield cored three widely spaced holes to test a 500 metre by 500 metre coincident geophysical and geochemical anomaly. Two of the holes intersected a new zone of chalcopyrite and bornite mineralization, returning grades greater than 0.1% copper over 12-13 metre intervals.

Copper and gold mineralization at Lorraine is associated with alkalic porphyries of the Quesnel Terrane, a 1,200 km long package of volcanics that host many large deposits.

Eastfield is earning up to a 75% interest in the Lorraine/Jajay project from Lysander Minerals (LYM-V).

As of the latest figures, Eastfield reports 39.7 million shares outstanding. Investors jumped on the issue pushing it up over 43%, or 6.5, on the news to close at 21.5 per share with volume of 714,000 shares.