Seafield Completes Heliborne Survey With Noront Drilling at Tango, Mexico Completed, Assays Pending
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TORONTO, ONTARIO, Apr 10 (MARKET WIRE) --
Seafield Resources Ltd. ("Seafield" or the "Company") (TSX VENTURE: SFF)
and Noront Resources Ltd. ("Noront") have completed a state-of-the-art
detailed heliborne magnetic and electromagnetic geophysical survey over
the Fire property in the McFauld's Lake area, Ontario. The Fire property
covers an eight-kilometer stretch of the Ring of Fire, which is
interpreted to be underlain by metavolcanic and mafic to ultramafic
intrusive rocks. Seafield has been granted the option to acquire a
50-per-cent legal and beneficial interest in the property (covering a
total of 96 claim units or approximately 3,840 acres) 60 km north of
Noront's Eagle One high-grade copper-nickel-platinum group element
discovery. Seafield and Noront are awaiting receipt of the survey data,
which will immediately be processed and interpreted to define targets for
follow-up drilling.
At Seafield's Elora high grade gold project south of Dryden, the Company
expects to contract a drill in the coming days for a drill campaign to
commence later this spring. The drill program is planned to follow up on
encouraging high-grade intercepts with visible gold in several of the
holes drilled by Seafield in previous campaigns. Visit the Company's
website for past results at Elora.
In Mexico, drilling has been completed at the Company's 100-per-cent
owned Tango gold/silver property in the Rosario precious metal mining
district, Sinaloa, Mexico. This initial reconnaissance reverse
circulation drill program completed approximately 1,750 meters in 14
holes on a number of vein and broader disseminated targets with anomalous
gold, silver and base metals in soil and rock samples. Assays are pending.
Also in Mexico, assay results are pending at Seafield's Picachos property
where NWT Uranium Corp. has completed a drill program as part of the
requirements of an option agreement in which NWT can earn a 70-per-cent
interest in the property. Earlier work by NWT included surface sampling
which returned some values as high as 145 ounces per ton (4,975 grams per
tonne) silver, 0.25 ounce per ton (8.61 g/t) gold.
No Stock Exchange has reviewed nor accepted responsibility for the
adequacy or accuracy of this news release. This news release includes
certain "forward looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995. Without
limitation, statements regarding potential mineralization and resources,
exploration results, and future plans and objectives of the Company are
forward looking statements that involve various degrees of risk. The
following are important factors that could cause the Company's actual
results to differ materially from those expressed or implied by such
forward looking statements: changes in the world wide price of
commodities, general market conditions, risks inherent in exploration,
risks associated with development, construction and mining operations,
the uncertainty of future profitability and the uncertainty of access to
additional capital. The Company relies on litigation protection for
forward looking statements.
TSX Venture Exchange, Inc. has not reviewed and does
not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Seafield Resources Ltd.
Anthony Roodenburg
President & CEO
(416) 367-4571
Website: www.sffresources.com
Copyright 2008, Market Wire, All rights reserved.
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