http://www.marketwire.com/mw/release...
Seafield Resources Ltd.
TSX VENTURE: SFF
Jun 09, 2008 17:09 ET
Seafield Resources Ltd.-Drilling Begins at Elora High Grade Gold Project, Dryden Ontario
Magnetic and EM Surveys Completed Over "Ring of Fire" Property, Ontario
Drilling Completed at Tango Property, Mexico - Assays Pending
TORONTO, ONTARIO--(Marketwire - June 9, 2008) - Seafield Resources Ltd. ("Seafield" or, the "Company")(TSX VENTURE:SFF), is pleased to announce that drilling is now underway at Seafield's Elora gold property near Dryden, Ontario. The program will follow up on earlier encouraging results on the Jubilee zone, including intersections of 15.3 g/t gold over 1.3 metres, 14.3 g/t gold over 5.6 m and 13.7 g/t gold over 2 metres, as well as test two new target areas. The company plans to drill approximately 3,000 metres.
At the Company's Fire project on the "Ring of Fire", McFauld's Lake area, James Bay Lowlands, Ontario, detailed helicopter-borne magnetic and EM surveys have been completed over the Fire claims approximately 60 km north of the Noront Resources Ltd. Eagle One high grade copper-nickel-PGE discovery. Seafield has an option from Noront to acquire a 50% interest in the Fire claims, comprising 96 claim units (3,840 acres) by making annual cash or share payments and spending $2.1 million over three years. The Company is awaiting a final report and recommendations for further work from Noront, the operator of the exploration program. The Fire claims are also located some 4 km east of the claim block where WSR Gold Inc., Metalex Ventures Ltd. and Arctic Star Diamond Corp. recently drilled several intersections up to 95 metres in length of base metal massive to semi-massive sulphides. Initial assays of this base metal mineralization are currently pending.
