Eastfield Resources sells Zymo and Indata for 10.0 million Star Copper shares
Key facts
- All-stock takeover
Vancouver, B.C., June 30 , 202 6 – Eastfield Resources Ltd. (TSX-V: ETF) ( “ Eastf ield ” or the “ Company ”) is pleased to announce the signing of a definitive agreement to sell its 100% interest in the Zymo mineral property and its 95.3% interest in the Indata mineral property to Star Copper Corp. (TSX-V: STCU ) ( “ Star Copper “) for ten million shares of Star Copper. Star Copper shares aquired in this transaction will initially be held for investment purposes but may be distributed to shareholders at a later date. Star Copper holds the Star Property, a significant Cu-Au property in the Stikine region and has a strong corporate structure with a market cap of $67.56M, with approximately $16,000,000 in the treasury.   This transaction constitutes a Reviewable Disposition by Eastfield and a Related Party Transaction and is subject to both shareholder approval and TSX Venture Exchange acceptance.   Zymo Property The 100% owned, 18,184 hectare, Zymo copper-gold porphyry project is located 45 km west of Smithers, British Columbia.
The property lies along the Skeen Arch, a 160km long structural trend that associated with the placement of several porphyry deposits. The property is underlain by Hazelton, Bowser Lake and Skeena lithologies intruded by porphyritic diorite and granodiorite believed to be Cretaceous in age. It was acquired in 2007 via an arms length option that was fully satisfied in 2012.
In 2024 the claim group was expanded to cover additional airborne geophysical targets Since acquisition, the company has spent approximately $5 million on exploration. Of major significance is the discovery of an 8 km long by 2 km wide open-ended strong induced polarization anomaly defining a copper-gold porphyry system containing several 1 km square targets with extensive areas h