VANCOUVER, British Columbia, Aug. 12, 2002 (PRIMEZONE) -- Four drill holes have been completed in the 2002 Phase Two drilling program at the Lorraine copper-gold-silver property, north of Ft. St. James, B.C. All the core has been split, sampled and shipped to Acme Labs in Vancouver; analytical results are expected in the next two to three weeks. The current drilling program targeted the Lower Main Zone where drilling in the Phase One program, in March, returned 51 metres carrying 0.89% copper and 0.61 g/t gold in hole 2002-62. This interval was within a 149 metre interval grading 0.57% copper and 0.38 g/t gold.
Exploration is continuing on the property with geological mapping and grid preparation for an Induced Polarization geophysical survey which is slated to start around August 20. Several target areas are being surveyed to give better definition for the next drill phase, which is planned for early September.
Eastfield (TSX Venture Exchange:ETF) (Other OTC:ETFLF) is earning up to a 75% interest in the Lorraine Property from Lysander Minerals Corporation. The 100 square mile property enjoys good access and proximity to hydro-electric power. The drilling phases are all directed at expanding the known resources in the Lorraine deposits and in discovering new zones.
G. L. Garratt, P. Geo.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Canadian Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.