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TORONTO, ONTARIO -- (Marketwire) -- 01/23/13 -- Seafield Resources Ltd. ("Seafield" or "the Company") (TSX VENTURE: SFF) is pleased to announce initial results, including 113.7 m at 1.63 g/t Au, from the ongoing 6,800-metre infill diamond drill program at the Company's Miraflores Deposit in the Quinchia District, Department of Risaralda, Colombia. Seafield is also reporting the assay values of silver as metallurgical investigations have indicated that silver may be recoverable as a by product at Miraflores.
Highlights:
-- Drill hole QM-DH-38 intersected 113.7 m of 1.63 g/t Au and 2.03 g/t Ag, including 31.75 m of 3.78 g/t Au and 2.95 g/t Ag;-- Drill hole QM-DH-39 intersected 62.15 m of 1.18 g/t Au and 1.8 g/t Ag, including 4.85 m of 5.28 g/t Au and 1.75 g/t Ag. This intersection is located near the top of the hole (approximately 7 metres from surface), highlighting mineralization in the potential open pit portion of the deposit;-- Drill hole QM-DH-40 intersected 110.55 m of 0.78 g/t Au and 2.3 g/t Ag, including 33.75 m of 1.55 g/t Au and 4.2 g/t Ag;-- Drill hole QM-DH-41 intersected 30.3 m of 1.35 g/t Au and 1.5 g/t Ag, and 23 m of 3.51 g/t Au and 2.9 g/t Ag
Details:
The assays reported in this press release represent the results of six diamond drill holes, which account for a total of 1,165.5 metres drilled since November, 2012 (See Figure 1). Drill holes QM-DH-38 to QM-DH-43 (See Table 1) were drilled to further verify the geometry and continuity of the high-grade structures found within the breccia. The closer spacing in the drilling grid will also be used to improve the confidence in the geological model.
Table 1 below summarizes the results of diamond drill holes QM-DH-38 to QM-DH-43:
Table 1 - Drill Results: Total Depth of From To Interval Au AgDrill Hole Hole (m) (m) (m) (m) (g/t) (g/t)----------------------------------------------------------------------------QM-DH-38 340 139 148.3 9.3 0.32 0.8 and 153.6 167.6 14 1.64 1.3 and 179.3 293 113.7 1.63 2.0 including 219.2 250.95 31.75 3.78 3.0 and 299 318.6 19.6 0.98 1.9 and 327.5 338.1 10.6 0.37 1.4QM-DH-39 89.3 6.6 68.75 62.15 1.18 1.8 including 31.2 36.7 5.5 2.59 2.4 including 63.9 68.75 4.85 5.28 1.8QM-DH-40 328 38 66.35 28.35 0.54 3.3 and 69.45 180 110.55 0.78 2.3 including 73.45 107.2 33.75 1.55 4.2 and 197.8 261.3 63.5 0.41 2.4QM-DH-41 110 11.1 41.4 30.3 1.35 1.5 And 44.6 51 6.4 0.87 1.1 And 85.7 108.7 23 3.51 2.9QM-DH-42 147 19.1 37.3 18.2 0.77 1.7 and 42.15 58.15 16 0.29 1.9 and 83.85 117 33.15 0.88 1.2 and 122.55 147 24.45 0.93 4.6QM-DH-43 151.2 12.9 16.9 4 1.15 1.0 and 48.3 56.5 8.2 0.39 0.9 and 90.4 140.25 49.85 0.75 1.2Note: Gold grades reported are cut to 20 g/t. Drill hole QM-DH-41 includes asample of 29.5 g/t Au over 1.5 m. Only continuous intervals ofmineralization above 6 metres with a cut-off grade of 0.2 g/t Au arereported.
