Eastfield Resources Ltd. Announces 2023 Diamond Drill Results Iron Lake Magmatic Sulphide Project
depth of 750.0 m and predominantly intersected magnetite bearing pyroxenite consistently elevated in nickel with 24.1 metres grading 0.1% Ni. No massive sulphide intervals were encountered. Hole IL-23-026 was drilled towards IL-23-024 to target the up-dip projection of the massive sulphides intersected in IL-23-024. A 0.3 metre massive sulphide layer was intersected at 216.0 m. Results from this intersection yielded 0.65% copper, 0.1% nickel and 0.3 g/t palladium over 0.5 metre. A number of single point (single core sample) anomalies were obtained in these three holes including gold to 677 ppb, platinum to 723 ppb and cobalt to 1,620 ppm. Five samples returned >30% iron and four >20% sulphur. Drilling in 2023 has demonstrated that mineralization at the Discovery Zone extends to depth and that potential for a large Alaskan-type system exists. The 2023 program did not evaluate the porphyry targets defined by extensive induced polarization surveys completed in 2021 and 2022. Further work will be required to test the Discovery Zone along strike
and to follow-up on significant drill intercepts elsewhere on the Project.