Bayfield Ventures Corp.

Published : May 27th, 2010

Begins 20,000+ Metre Drill Program

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Keywords :   Canada | Diamond | Gold | Gold Reserves |
    
Thursday, May 27, 2010 News Release

Bayfield Begins 20,000+ Metre Drill Program on Rainy River Gold Properties in NW Ontario



Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") is pleased to announce the mobilization of a drill rig, equipment and infrastructure for the commencement of a 20,000+ metre drill program on its 100% owned properties in the Rainy River district of northwestern Ontario. Rodren Drilling of Winnipeg has commenced Diamond drilling on Bayfield's Burns Block property situated immediately to the east and on strike to Rainy River Resources' (TSX-V: RR) main ODM17 gold deposit in the Richardson Township.

The objective of this major drill program is to explore and expand the extension of gold mineralization that is being defined by Rainy River Resources on their ground adjacent to Bayfield's properties. The drilling will focus on confirming gold continuity and grade at depths within the shell of a potential open pit mine.

Additionally, Bayfield is contemplating a second drill rig this summer for a drill program on its 100% owned "B" Claim Block located immediately northeast of the Burns Block.

Rainy River gold properties claims map:
http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf

The mineralization encountered to date on Bayfield's Burns and "B" Claim Block properties occurs in the same geological environment as that on the main ODM17 gold zone of Rainy River Resources to the immediate west.

Gold reserves on the Rainy River Resources property were reported on March 2, 2010 as 56,833,000 tonnes at 1.3 g/t gold indicated (2.37 million ounces) in addition to 68,930,000 tonnes at 1.2 g/t gold inferred (2.66 million ounces). These resources were arrived at using a 0.4 g/t gold cut off.

Ten holes (totalling 4841 metres) have been previously drilled and reported on Bayfield's Burns Block. This drilling has confirmed the widespread distribution of gold within two litho-structural intervals directly on strike with the ODM17 gold zone and North gold zone of Rainy River Resources. Shallow intercepts reported by Bayfield along the strike extension of Rainy River Resources' ODM17 gold zone indicate that well above gold cut-off grade mineralization continues onto the Burns Block.

Significant results from previous drilling on the Burns Block include 4.5 metres of 7.34 g/t gold, 43.5 metres of 0.78 g/t gold including 4.5 metres of 3.0 g/t gold, 25 metres of 0.89 g/t gold, 61.2 metres of 0.49 g/t gold including 7.5 metres of 1.77 g/t gold within 16.5 metres of 1.20 g/t gold, and 1 metre of 9.51 g/t gold.

Burns Block and "B" Claim Block map showing drill holes:
http://www.bayfieldventures.com/i/maps/BYV-Burns-and-B-Block-Aerial.jpg

A four hole drill program (1192 metres in total) was completed by Bayfield on its "B" Claim Block property back in 2008. All four holes encountered wide sections of elevated to strongly anomalous gold values and a 2 metre intercept grading 5.7 g/t gold was intersected in one of the holes. Mineralization on the "B" Claim Block was encountered in felsic pyroclastics flanking a strong north-south trending fault on the property.

Bayfield Ventures is well situated with $4,000,000 in its treasury to carry out the proposed drilling on both its Burns and "B" Claim Block properties. The Company may also conduct future work on its "C" Claim Block property located west of Rainy River Resources' ground.

The Company's properties are very well located with easy access to roads and power. Ontario has low political risk and the Rainy River district has skilled labour and is one of the lowest-cost areas for mineral exploration and development in Canada.

About Bayfield Ventures Corp.

Bayfield Ventures Corp. is exploring for gold in the Rainy River and Red Lake districts of north-western Ontario.

For further information on Bayfield Ventures Corp. (TSX-V: BYV), visit the Company's web site at www.bayfieldventures.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"
_______________________________

James G. Pettit
Chairman and CEO

For further information contact myself or:
Donald G. Myers
Director
Bayfield Ventures Corp.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@bayfieldventures.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

You can also view this News Release on our website at:
http://www.bayfieldventures.com/s/NewsReleases.asp?ReportID=401616
 
    
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Bayfield Ventures Corp.

EXPLORATION STAGE
CODE : BYV.V
ISIN : CA0727771051
CUSIP : 072777 10 5
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Bayfield Ventures is based in Canada.

Bayfield Ventures holds various exploration projects in Canada.

Its main exploration properties are GOLD CREEK, DRUM LAKE, BAIRD, BURNS BLOCK (RAINY RIVER) and C CLAIMS in Canada.

Bayfield Ventures is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 17.9 millions as of today (US$ 15.1 millions, € 12.6 millions).

Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.05, and its highest recent level on September 10, 2010 at CA$ 1.38.

Bayfield Ventures has 74 440 000 shares outstanding.

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In the News and Medias of Bayfield Ventures Corp.
3/30/2006Corporate profile
3/24/2006Fact sheet
Annual reports of Bayfield Ventures Corp.
Annual Report 2007
Financings of Bayfield Ventures Corp.
4/18/2012Bayfield Ventures Arranges $2,500,000 Financing
4/7/2011Closes $5,500,000 Brokered Private Placement
3/29/2011Announces Revised Terms to $5,000,000 Brokered Private Place...
Nominations of Bayfield Ventures Corp.
4/3/2013AGM Held- Directors Re-elected
3/14/2011Announces $5,000,000 Brokered Private Placement
Financials of Bayfield Ventures Corp.
7/18/2013Files Amended and Restated Financial Statements
Project news of Bayfield Ventures Corp.
10/17/2013Drills 4.5 metres of 9.82 g/t Au & 52.10 g/t Ag at East Burn...
10/9/2013Drills 6.0 metres of 14.34 g/t Gold & 61.40 g/t Silver at Ea...
10/1/2013Bayfield Intersects 1.5 Metres of 528 g=2Ft Gold & 103 g=2Ft...
10/1/2013Intersects 1.5 metres of 528 g/t Gold & 103 g/t Silver at In...
8/9/2013Bayfield Drill Program to Resume at Burns Block Gold=2DSilve...
8/9/2013Drill Program to Resume at Burns Block Gold-Silver Project i...
6/6/2013Commences Geological, Geotechnical and Geochemical Studies a...
5/31/2013New Gold Agrees to Acquire Rainy River Resources Growing Gol...
5/23/2013Bayfield Drills 16.0m of 10.47 g/t Gold and 34.68 g/t Silver...
5/23/2013Drills 16.0m of 10.47 g/t Gold and 34.68 g/t Silver on Intre...
4/23/2013Drills 11.0m of 12.19 g/t Gold and 30.05 g/t Silver in Rainy...
1/10/2013Bayfield Drills 15.0m of 11.06 g/t Gold and 57.05 g/t Silver...
1/10/2013Drills 15.0m of 11.06 g/t Gold and 57.05 g/t Silver in Rainy...
10/11/2012Bayfield Drills 19.60m of 5.45 g/t Au and 20.63 g/t Ag at Ea...
10/3/2012Bayfield Announces Additional Burns Block Drill Results in t...
10/3/2012Announces Additional Burns Block Drill Results in the Rainy ...
7/25/2012Continues to Expand Eastern Burns Block Discovery Zone in Ra...
7/25/2012Bayfield Continues to Expand Eastern Burns Block Discovery Z...
5/9/2012Bayfield Drills 13.5m of 5.13 g/t Au and 25.21 g/t Ag in Dev...
5/9/2012Bayfield Drills 13.5m of 5.13 g/t Au and 25.21 g/t Ag in Dev...
5/9/2012Drills 13.5m of 5.13 g/t Au and 25.21 g/t Ag in Developing E...
3/29/2012Bayfield Reports 7.5m of 7.31 g/t Au, 107.95 g/t Ag and 7.9m...
3/29/2012Bayfield Reports 7.5m of 7.31 g/t Au, 107.95 g/t Ag and 7.9m...
3/29/2012Reports 7.5m of 7.31 g/t Au, 107.95 g/t Ag and 7.9m of 4.8 g...
3/14/2012Bayfield Drills 13.94 g/t Au Over 3.0m Within 3.46 g/t Au Ov...
3/13/2012Drills 13.94 g/t Au over 3.0m within 3.46 g/t Au over 19.5m ...
2/21/2012Bayfield Drills 10.5m of 3.44 g/t Au and 29.16 g/t Ag in New...
2/21/2012Drills 10.5m of 3.44 g/t Au and 29.16 g/t Ag in New Southeas...
12/12/2011Bayfield Reports 7.2m of 656.88 g/t Ag in Rainy River, North...
12/12/2011Reports 7.2m of 656.88 g/t Ag in Rainy River, North-western ...
11/29/201161.02 g/t Gold over 7m & 64.66 g/t Gold over 5m in Two near ...
11/29/2011Bayfield Drills 61.02 g/t Gold Over 7m & 64.66 g/t Gold Over...
9/20/2011Reports 1,414.55 g/t Silver over 1.10m in Rainy River, NW On...
8/31/2011New 3D Video of Bayfields' Burns Block in Rainy River, Ontar...
8/9/2011Extends Near Surface Gold-Silver Mineralization in Easterly ...
6/27/2011Drills 79.50m of 8.66 g/t Gold and 57.67 g/t Silver Includin...
4/21/2011(Burns Block (rainy River))Reports Silver Results from Further Assaying 2010 Drilling i...
4/15/2011(Burns Block (rainy River))Rainy River East Step-Out Drilling Continues to Intercept Go...
4/7/2011(Burns Block (rainy River))Earns 100% Interest in 3 Rainy River Properties, NW Ontario
2/28/2011(Burns Block (rainy River))Drills 13.0 g/t Au and 70.22 g/t Ag Over 6.6m Within 39.95m ...
2/17/2011(Burns Block (rainy River))Bayfield Drills 33.13 g/t Au and 208.18 g/t Ag over 2.2m wit...
2/16/2011(Burns Block (rainy River))Drills 33.13 g/t Au and 208.18 g/t Ag over 2.2m within 116.6...
12/1/2010(Burns Block (rainy River))Rainy River Drilling Intersects 4m of 6.17 g/t Au within 21m...
8/3/2010(Burns Block (rainy River))Mobilization of Second Drill Rig
5/27/2010(Burns Block (rainy River))Begins 20,000+ Metre Drill Program
5/10/2010(Burns Block (rainy River))Gold Drill Program Expanded to 20,000 Metres in NW Ontario
3/5/2010(Burns Block (rainy River))Drill Program Continues on "Burns" Block
3/2/2010(Burns Block (rainy River))Phase One Drill Results
2/11/2010(Burns Block (rainy River))Phase One Drilling Completed in NW Ontario
1/8/2010(Burns Block (rainy River))Begins Rainy River Drill Program
8/17/2009(Gold Creek)Phase 1 Exploration Completed on Gold Creek Property, Additi...
7/24/2009(Gold Creek)Exploration Begins on Gold Creek Property in Northwestern On...
5/27/2009(Burns Block (rainy River))Rainy River Resources Receives Gold Resource Update
1/15/2009(Burns Block (rainy River))Rainy River Resources Identifies 2 Main Gold Zones on Bayfi...
1/31/2008(Burns Block (rainy River))Initial Drill Results on Rainy River Gold Project, NW Ontari...
12/3/2007(Burns Block (rainy River))Rainy River Resources to Drill Bayfield's Rainy River Proper...
8/21/2007(Burns Block (rainy River))Drilling to Commence on Rainy River Claim Block "A", NW Onta...
8/15/2007(Burns Block (rainy River))Rainy River Diamond Drilling Commences in NW Ontario
6/28/2007(Burns Block (rainy River))Diamond Drilling to Commence in July, NW Ontario
3/21/2007(Burns Block (rainy River))Geological Report Filed on Rainy River Gold Project, NW Onta...
Corporate news of Bayfield Ventures Corp.
5/30/2014Closes Final Tranche of Financings, Raises $1,126,700
5/5/2014Increases Financings to $1,750,000
2/18/2014Completes NI 43-101 Technical Report on its Rainy River "B"...
1/14/2014Announces Maiden NI 43-101 Technical Report and Mineral Reso...
11/26/2013Completes 2013 Drill program at Rainy River Burns Block, NW ...
10/17/2013Bayfield Drills 4.5 metres of 9.82 g=2Ft Au & 52.10 g=2Ft Ag...
10/9/2013Bayfield Drills 6.0 metres of 14.34 g=2Ft Gold & 61.40 g=2Ft...
5/29/2013Block Booking: Rainy River and Bayfield Ventures as Possible...
10/11/2012Drills 19.60m of 5.45 g/t Au and 20.63 g/t Ag at East Burns ...
4/18/2012Mid-Day Breaking News Mirasol, Eagle Hill, Bayfield, and Foc...
4/17/2012Noverra Watch List Report - Bayfield Ventures (TSX-V: BYV)
1/23/2012Mid-Day Breaking News From Douglas Lake, Eagle Hill, El Nino...
1/23/2012Expands Rainy River Exploration Program with Drilling Commen...
1/23/2012Discovers Multi-Gram Gold in New Far East Zone on Burns Bloc...
1/19/2012Mid-Day Breaking News From Angkor, Novadx, U3O8 Corp, Bayfie...
9/12/2011Visit Management at the Toronto Gold Show
9/8/2011Drills 34.50m over 1.24 g/t AuEq in Near Surface Drilling an...
7/28/2011Mid-Day Breaking News From Regal, Premium, Millrock, Bayfiel...
7/27/2011Clarifies Misinformation by US Newsletter Writer
6/30/2011Clarifies Details of Reported Drill Intercepts
6/3/2011Drills 20.35 Metres of 2.27 G/T Au and 7.76 G/T Ag at Rainy ...
5/12/2011Drills 7.60m of 5.70 G/T Au and 24.27 G/T Ag Within 22.35m o...
4/26/2011Bayfield Expands Rainy River Drill Program by an Additional ...
4/26/2011Expands Rainy River Drill Program by an Additional 50,000 Me...
3/1/2011Bayfield Drills 13.0 g/t Au and 70.22 g/t Ag over 6.6m withi...
2/15/2011Ranks Third out of Ten Mining Companies to make TSX Venture ...
5/7/2010$4 Million Financing Closes for Drill Program
7/28/2009Louis Chastko, PGeo. Joins Advisory Board
6/29/2009Acquires Two New Properties in Northwestern Ontario
12/10/2008Drills 5.7 g/t Gold on its Rainy River Claim Block, Ontario
9/16/2008Major Gold Intersect Discovered by Rainy River on Bayfield's...
8/1/2008Rainy River Announces Results West of Bayfield's Burns Block
10/5/2007Trading Halted at Company's Request Pending News
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