Eastfield Resources Ltd. announced that Iron Lake option partner Tech-X Resources Inc. "Tech-X" has provided Eastfield with the results of the final 10 diamond drill holes of the 2022 program. The Iron Lake property is a copper-nickel-gold-platinum-palladium-cobalt project located 50 kilometers northeast of the community of 100 Mile House, BC. The property is being explored for two target types: The first type being magmatic sulphides containing copper, nickel, gold, platinum, palladium and cobalt occurring as massive sulphide sheets and as disseminations, and the second target type being copper-gold porphyry hosted in adjacent diorite and monzonite porphyritic intrusive. During the 2022 season 23 diamond drill holes with a combined meterage of 5,001 m were completed. Tech-X may earn an 80% interest in Iron Lake by completing a total of $12,000,000 in work and paying a total of $1,000,000 in option payments by December 31, 2027. IL22-014 was located to test a frequency domain electromagnetic crossover beneath a 900 ppm copper in soils anomaly. The hole intersected a weighted average of 652 ppm copper over 27 meters, including three sections of over 1000 ppm copper. Maximum copper concentration was 0.11%. IL22-015 was located to test below a 1974 copper in soils anomaly grading >1300 ppm copper, surface rock samples grading 1373 and 4214 ppm copper, and a nickel in soils anomaly grading > 50 parts per million. The hole intersected 673 ppm copper over 37 meters including 8 meters of 0.12% copper. The combined gold, platinum and palladium concentrations over the 37 meter interval ranged from 19 to 317 ppb.
IL22-016 tested both an induced polarization chargeability anomaly from a 2019 survey and a partial electromagnetic crossover from a 2006 UTEM survey. The hole intersected approximately 90 meters of elevated concentrations of copper (82 to 969 ppm), nickel (11 to 548 ppm) and cobalt (29 to 107 ppm). Combined Au+Pt+Pd concentrations ranged from 8 to 564 parts per billion over a wider section of 137.4 meters. IL22-017 was located to test below a >1300 ppm copper in soils anomaly, historical trench assays of 1373 and 4214 ppm copper and nickel in soils > 50 ppm. The hole did not explain the surface anomalies.
IL22-018 was designed to test 50-75 meters beneath the massive sulphide/magnetite zone intersected in IL22-006 drilled early in the 2022 season. This hole intercepted multiple horizons of massive sulphide and magnetite over a 30 meter length between 196.1 and 226.1 meters downhole and significantly expands the area of the massive sulfide sheet first identified by Eastfield in 2005 when 17.0 meters of massive sulfide assaying 0.34% Cu, 0.03% Co and 362 ppm Ni were drilled (05-I-03). While the massive intersections are so far dominated by pyrrhotite, pyrite and magnetite, both Eastfield and Tech-X are optimistic that this style of sulphide has potential to grade into zones with higher concentrations of copper, nickel, cobalt, gold and platinum group metals; both laterally and at depth.
IL22-019 was drilled for structural purposes. The hole confirmed that the mineralized horizon appears to have been offset by a fault and displaced to the west. The exploration model has been adjusted accordingly. IL22-020 was drilled to test a porphyry target approximately 6.5 km southeast of the massive sulphide target. The hole intersected 2.5 metres of 0.24% copper and 3.7 g/t silver in a black sulphidic mudstone. IL22-021 was drilled from the same site as IL22-020 to further test a 10-20 mv/v IP chargeability anomaly, and to test beneath surface showings of >1% copper and 665 ppb gold but was stopped short of its planned depth. There was a section of moderate interest at 159.7m where 0.29 g/t gold was intersected over 4.5 meters.