MONTREAL, QUEBEC--(Marketwired - Sept. 20, 2013) - Beaufield Resources Inc. ("Beaufield" or the "Company") (News - Market indicators) announces results for its drilling program conducted on the Opinaca gold project in northwestern Quebec. The large 101 square kilometre property is centrally located in the new Eleonore gold camp where Goldcorp is developing a gold mine with a reported initial investment of $2 billion and scheduled to begin production in 2014. Beaufield's property shares a 21 kilometre long boundary with Goldcorp and hosts similar geological formations to the Eleonore gold deposits.
The program completed 13 holes totalling 2321 metres and targeted a series of geochemical, geophysical, structural and geological anomalies.
Results are shown in Table 1 below and complete results for the Opinaca project are available on the Company's website.
Table 1: 2013 Drilling results for Opinaca
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| Drill Hole |
Au (g/t) |
Ag (g/t) |
Cu (%) |
From (m) |
To (m) |
Length (m)* |
| OP-13-22 |
1.10 |
1.50 |
0.11 |
25.20 |
25.70 |
0.50 |
| OP-13-22 |
0.80 |
0.40 |
0.04 |
88.90 |
89.40 |
0.50 |
| OP-13-22 |
0.78 |
nsv** |
0.01 |
143.20 |
147.75 |
4.55 |
| OP-13-22 |
0.05 |
2.82 |
0.19 |
206.75 |
210.85 |
4.10 |
| OP-13-23 |
0.2 |
0.90 |
0.17 |
69.60 |
70.20 |
0.60 |
| OP-13-24 |
No Significant Values |
| OP-13-25 |
0.13 |
0.40 |
0.11 |
53.90 |
55.70 |
1.80 |
| OP-13-25 |
0.41 |
4.68 |
0.20 |
70.50 |
74.00 |
3.50 |
| OP-13-25 |
0.36 |
1.83 |
0.12 |
118.00 |
122.00 |
4.00 |
| OP-13-25 |
0.56 |
6.10 |
0.54 |
136.80 |
137.30 |
0.50 |
| OP-13-25 |
0.22 |
4.40 |
0.44 |
140.50 |
141.00 |
0.50 |
| OP-13-26 |
No Significant Values |
| OP-13-27 |
Not assayed |
| OP-13-28 |
No Significant Values |
| OP-13-29 |
0.43 |
nsv** |
0.01 |
13.20 |
15.30 |
2.10 |
| OP-13-29 |
0.95 |
0.30 |
0.02 |
38.25 |
41.00 |
2.75 |
| OP-13-29 |
0.52 |
nsv** |
0.01 |
57.00 |
57.90 |
0.90 |
| OP-13-30 |
0.11 |
0.80 |
nsv** |
81.75 |
82.25 |
0.50 |
| OP-13-31 |
0.90 |
0.40 |
0.03 |
89.15 |
90.00 |
0.85 |
| OP-13-32 |
0.11 |
nsv** |
nsv** |
69.30 |
70.20 |
0.90 |
| OP-13-33 |
No Significant Values |
| OP-13-34 |
No Significant Values |
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| * Mesured lengths are core lengths and may not necessarily represent true widths |
| ** No Significant Value |
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Hole OP-13-22 intersected several gold bearing tourmaline, quartz and arsenopyrite veins hosted in mafic volcanic rocks. Several thick semi-massive to massive pyrrhotite horizons occurs at the contact with a diorite intrusion with associated silver anomalies (see table 1).
Drilling in the northern portion of the property has located prospective geology for new discoveries. Hole OP-13-25 encountered monzonite (with porphyry of potassic felspar) intruding the same type of sedimentary rock which host the Éléonore deposit. Pegmatite dykes are also present. Finely disseminated chalcopyrite (about 1%) and associated with quartz veins occur in several intersections with significant widths of anomalous copper, silver and gold, indicative of porphyry-style mineralization.
Molybdenum showings located one kilometre northwest of this area also tend corroborate the porphyry-style mineralization. A recent grab sample from this area returned 1.29% Molybdenum.
Conclusion and Recommendations
The northern portion of the property shows features of porphyry-type mineralization. Such features include sericite alteration, locally very-fine veins in stockwerk, silver and copper anomalies. Previous work has also shown significant molybdenum mineralization (up to 12% Molybdenum) in the same area (press release of March 23rd, 2007). This porphyry intrusion (monzonite) is in contact with Eleonore-type sedimentary rocks and remains to be tested.
Beaufield's technical team will be evaluating the results achieved to date and the new geology uncovered by the 2013 drill program. The Opinaca property is centrally located in what promises to be the next major gold mining camp in Canada.
Quality control/Quality Assurance ("QA/QC")
Following guidelines of a rigorous QA/QC program, core samples totalling 275.7 metres were bagged, quality control samples (duplicate, blanks and standards) were systematically inserted in the sequence. Core processing included descriptive logging and systematic sampling for analysis. Every sampled interval was split in half with a core splitter. Half of any sampled core was left in the core box for future reference and the remaining half was bagged and sealed and sent to commercial laboratory. Assays are performed at ALS CHEMEX Laboratories in Val d'Or, Quebec. The processed samples were submitted to a standard Fire Assay with AA technique (Au-AA-23) and Inductively Coupled Plasma Emission Spectroscopy (ME-ICP-41) on a 30 gram sub-sample.
Qualified Person
The technical disclosure contained in this press release was approved by Jens E. Hansen, P.Eng., CEO, President and director of Beaufield and Mathieu Stephens, P.Geo, the Qualified Persons, as defined by National Instrument 43-101.
About Beaufield:
Beaufield is a mineral exploration company with its exploration activity focused in Quebec. Beaufield is well positioned to advance its portfolio of exploration properties and identify other potential opportunities in the mineral exploration or development stage.
The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although Beaufield deems the expectations reflected in these forward-looking statements to be reasonable, the Company cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.
