Seafield Resources Ltd

Mazatlan, Mexico - Dryden, n/w Ontario - Fire project, ROF McFauld’s Lake On

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Message: From BMR September 14, 2010

Here is the latest they posted on October 11. Hope it helps. Tcp

Seafield Resources (SFF, TSX-V)

Seafield was up nearly 30% in September but seems to have stalled recently in the low to mid-20′s…the stock closed Friday at 21 cents, a 4-cent loss for the week…while it has fallen below an area of support between 22 and 23 cents, the next level of strong technical support is nearby at the rising 100-day moving average of 19 cents…with regard to Seafield’s fundamentals, overall we believe very strongly in the exploration potential of the company’s Quinchia Property in Colombia…there is no doubt that Quinchia hosts some excellent porphyry targets and the company’s goal of outlining at least 3 deposits (each with a million ounces or more) in its nearly 70 square kilometre land package seems very realistic…on the other hand the pace of exploration at Quinchia has been disappointing and is something the company is going to have to address…to date they’ve only drilled at Miraflores where drilling has been slow (only 6 holes since late June out of a planned 11) due to the nature of the rock…drilling has still not started at Dos Quebradas, the property we are most excited about that has major blue sky potential…Seafield did release results last week from a recent soil geochemical survey at Dos Quebradas which further confirmed that property’s excellent potential…Chuscal is Seafield’s 3rd major property at Quinchia but it appears the company still has a few paperwork issues to settle before completely tying that property up…

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