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Eastfield Resources Update on Hedge Hog Gold Copper Property in Fledgehog Project in British Columbia

Mining News - Published on Fri, 20 Sep 2019

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Eastfield Resources Ltd has reported an update on progress being made at the Fledgehog project located near the historic gold mining community of Barkerville in east-central British Columbia. Surge Exploration Inc is funding the current program within an option to earn a 60% interest in the project, currently wholly owned by Eastfield, by making payments (cash and or shares) totaling USD 500,000 and completing work commitments totaling USD 2,500,000 over a five year term.
In 2018, Surge collected 843 soil samples at the Fledgehog project from which anomalous results are being evaluated in the 2019 exploration program. A trenching and excavator pitting program was completed in August, 2019, central to the overall exploration objective in the region. Twenty-nine excavations were completed using a large excavator with 25 successfully reaching bedrock allowing sampling. Final assay results are expected by late September. Two targets are being explored in this project which is prospective for both Cyprus-style massive copper-gold-silver-cobalt mineralization and Barkerville gold mines-style gold mineralization

The largest exploration program in the vicinity of the Hedgehog project is being conducted by Barkerville Gold Mines Ltd., which controls a very large claim block extending in a northwest-southeast direction for approximately 75 kilometres. The southern boundary of the Hedgehog project extends to within 500 metres of the Barkerville lands and is located approximately 10 kilometres to the north of the historic Barkerville mines. On July 11,2019, Barkerville published a revised mineral resource estimate of 13.5 million tonnes grading 5.6 grams per tonne gold containing 2.44 million ounces gold in the combined and measured category and 11.9 million tonnes grading 5.0 g/t gold containing 1.92 million ounces gold in the inferred category. Drilling on the Barkerville lands totals approximately 400,000 metres in more than 3,400 drill holes and continues with multiple drill rigs in operation. It should be noted that mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the company’s properties.

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Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
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