About |
Established in 1987, Eastfield Resources Ltd. is a project generator offering highly prospective projects for investors and venture partners.
Eastfield currently has five mineral exploration projects in Western Canada. These projects include Gold, Copper, Cobalt, Silver, Molybdenum and Platinum Group Metals.
Eastfield Resources partners with other companies to fund exploration of these properties. This strategy reduces risk, increases leverage and minimizes share dilution.
Since inception, our projects have resulted in 5 spinouts and numerous joint ventures in it’s various spinouts with partners including Goldfields, Teck, Freeport McMorran and other major and junior resource companies.
Eastfield Resources Ltd.’s Corporate Strategy has four key points:
Project Venturing -
Projects are acquired at an early stage and are optioned to third parties to
provide exploration funding. This adds leverage allowing the company to pursue several projects at once, resulting in reduced overall risk and increased chance for discovery.
Metals and Deposit Targeting -
Eastfield confines its exploration efforts to large deposit types, containing metals with strong supply/demand relationships and is committed to adding additional high-quality properties to its portfolio.
Political and Economic Stability -
Eastfield prefers to work in areas that allow cost-efficient exploration, with secure mineral tenure and progressive mining law. Eastfield believes B.C. is a reliable jurisdiction with a deep pool of exploration profesionals, a wealth of supporting services, exceptional infrastructure with access to Pacific markets and strong demand for high quality exploration projects. Currently all of Eastfield's properties are located in British Columbia, Canada.
Fiscally Responsible -
Eastfield’s management is committed to tight administrative cost controls. Low overhead, combined with cash flow from property option payments, reduces the need for equity financings and share dilution.
Eastfield has generated the majority of its cash flow internally without the need for regular dilutive financings. Over time, this strategy has also resulted in the spinout of 5 companies to the benefit of Eastfield shareholders, and the accumulation of several million shares in companies including Northwest Copper Corp., Consolidated Woodjam (Now Vizsla Copper, Alpha Copper Corp and others).