TORONTO, ONTARIO-- (Marketwire - Oct. 24, 2011) - Seafield Resources Ltd. ("Seafield" or the "Company") (TSX VENTURE:SFF) is pleased to announce drill results from three additional holes at the Dosquebradas prospect in the multi-million ounce Quinchía District located in the Mid-Cauca Porphyry Belt of Colombia.
To date, 7,680 metres in 18 drill holes have been completed at Dosquebradas. Results from three drill holes are being released today, which include:
- QDQ-DH-14: 1.19 g/t gold over 52.4 metres and 1.59 g/t gold over 15.5 metres
- QDQ- DH-15: 1.11 g/t gold over 20.9 metres; and 0.51 g/t gold and 0.08% copper over 67.6 metres
- QDQ-DH-16: 0.69 g/t gold over 119.1 metres and 0.09%; and 0.59 g/t gold over 62.1 metres
Two further drill holes are currently undergoing lab analysis. The Phase II drilling program of 5,740 metres of diamond core drilling (of which 2,760 metres are completed) continues to progress according to schedule. The company expects to release its first resource estimate for Dosquebradas within the next three months.
The mineralization at Dosquebradas is associated with an early diorite porphyry with intrusive breccias that are structurally controlled. The grades above 0.2 g/t gold are concentrated in a zone approximately 400 metres wide (E-W) and greater than 300 metres long (N-S). The zone is open at depth and has been tested up to 450-metres; and it is interpreted to plunge to the north. Currently one drill rig is working at Dosquebradas. An additional 4,470 metres are planned to complete the second phase of drilling.
The results of the three recent holes (QDQ-DH-14, QDQ-DH-15 and QDQ-DH-16) at the Dosquebradas prospect are included in Table 1. Table 2 contains the significant intercepts of previous holes drilled by Seafield and AngloGold.
