| | Published : February 18th, 2014 | Completes NI 43-101 Technical Report on its Rainy River "B" Block Gold-Silver Property, NW Ontario |
|
Article
|
Comments
|
Comment this article
|
Rating
|
♥
Follow Company
|
|
|
|
Tuesday, February 18, 2014 |
News Release |
Bayfield Completes NI 43-101 Technical Report on its Rainy River "B" Block Gold-Silver Property, NW Ontario
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (OTC Pink: BYVVF) (Frankfurt: B4N) is pleased to announce the completion of a National Instrument (NI) 43-101 Technical Report on the Company's 100% owned mineral rights "B" Block gold-silver property, Rainy River district, north-western Ontario. The 480 acre "B" Block property is well located and adjoins to the north of New Gold's expanding Intrepid gold-silver zone and to the north-east of Bayfield's Rainy River Burns Block gold-silver deposits.
On January 23, 2014, Bayfield filed on SEDAR an Independent Mineral Resource Estimate on the Company's flagship Rainy River Burns Block project dated January 14, 2014, entitled "BURNS BLOCK NATIONAL INSTRUMENT 43-101 COMPLIANT TECHNICAL REPORT" prepared by Riverbend Geological Services Inc. This Report can be found on the Company website or under the Bayfield's profile at www.sedar.com.
SUMMARY OF "B" BLOCK NATIONAL INSTRUMENT 43-101 COMPLIANT TECHNICAL REPORT
Bayfield Ventures Corp. has prepared this Technical Report detailing precious metal exploration results on its "B" Block property in the Rainy River District of NW Ontario.
Drilling on the "B" Block property has resulted in the discovery of wide spread gold-silver-zinc-copper mineralization. No mineral resource calculations have been done on the property. Drilling to date has been relatively wide spaced and shallow. All known mineralized intercepts lie within 400 metres of surface. Less than 5% of the drilling on the property has been done below the 400 metre below surface level.
The property is positioned in the eastern portion of the developing Rainy River district. The south edge of the property is located approximately 350 metres north of the near surface position of the Intrepid shoot, located on ground controlled by New Gold. The Intrepid shoot is a SW plunging, robust zone of gold-silver mineralization that has been jointly delineated by Bayfield Ventures and Rainy River Resources since its discovery by Bayfield in December 2011.
Mineralization on the "B" Block is contained within a package of NNE striking, vertically dipping, strongly foliated, sheared and locally folded dacite porphyry wall rocks. Pervasive sericite-silica + biotite alteration is developed within the dacite package. Sericite is dominant in the southern half of the property while biotite and silica are well developed in the northern portion.
The interlayered dacite porphyry, argillite and mafic volcanic lithology of the known rock package at the "B" Block are very similar to that found by Bayfield at its nearby Burns Block property. Additionally, discovered gold-silver-base metal mineralization at the "B" Block is hosted within highly foliated dacite intrusive and or volcanic rocks, again, a setting very similar to that at the Burns Block and at other well mineralized zones along the developing district-scale trend.
The compilation of geologic data from OGS mapping with Bayfield's exploration drilling data strongly indicates that the main district gold-silver hosting structures and lithologies are strongly warped to the NE in a position immediately east of the Burns Block and then strike NNE directly through the "B" Block property.
Striking similarity between the complied current "B" Block data and Burns Block data prior to the start of Bayfield's aggressive drilling program at Burns are readily apparent. Important similarities include:
- Precious Metal -- Base Metal Mineralization Hosted by Foliated and Sericite Altered Dacite Porphyry Units.
- Wide Intervals of sub gram to gram level Au-Ag mineralization with accompany base metal sulfide stringers and dense disseminations.
- Local meter to multi meter scale intervals of multi gram Au and Ag mineralization.
- Close proximity to known measured, indicated and inferred Au and Ag resources.
These similarities together indicate a highly favorable environment for the discovery of higher grade shoots of mineralization similar to the Intrepid Zone or higher grade shoots discovered by Rainy River within the ODM 17 Zone. The southern edge of "B" Block is located approximately 350 metres north of the surface portion of the Intrepid Shoot.
Given the setting and exploration results to date, it is recommended that additional shallow and deep drilling be done in the SW quadrant of the "B" Block. Specifically, drilling is recommended to continue the delineation of the shallow level, wide zones of precious metal -- base metal mineralization intersected in holes B12-6 and B13-1, as well as to begin the process of following this robust zone to depth. The justification for the recommendation is the interpreted very good discovery potential for multi metre wide zones of high grade gold-silver mineralization.
Additionally, the drilling of a series of NW trending angle holes across the SW flank of the strong VTEM anomaly in the northern portion of the "B" Block property is also recommended. Drilling in the heart of the anomaly completed in 2013 showed a rock sequence nearly identical that which overlies the Intrepid Shoot in the eastern portion of Bayfield's Burns Block project.
For additional documentation of the data used in the Technical Report please refer to the full report on SEDAR dated February 14, 2013 and titled: "B" BLOCK NATIONAL INSTRUMENT 43-101 COMPLIANT TECHNICAL REPORT. The report will be filed on www.sedar.com within 45 days.
Robert Marvin, P.Geo., CPG, VP Exploration for Bayfield Ventures, is the Qualified Person as defined by National Instrument 43-101 and supervised both the project field work and the preparation of the Technical Report and information in this release.
Quality Assurance:
Drill core analysis and assaying has been conducted by ACT Labs in Thunder Bay, Ont. The lab is ISO/IEC 17025:2005 (CAN-P-4E) certified. The drill core is split and sampled in standard 0.5 metre to 1.5 metre intervals. The core samples were analyzed for gold by 30-gm fire assay with AA finish and by gravimetric methods from assays over 5,000 ppb (over limit). Screened total metallic assays are being performed on samples assaying over 5,000 ppb. The core samples were analyzed for silver by Ag Aqua Regia-ICP finish and Ag Fire Assay-Gravimetric from assays over 100 ppm (over limit). The Company has implemented a quality assurance and quality control program to ensure that the sampling and analysis of all samples is conducted in accordance with the best possible practices.
About Bayfield Ventures Corp.:
Bayfield Ventures Corp. is exploring for gold and silver in the Rainy River District of north-western Ontario. Bayfield Ventures goal is to increase shareholder value by developing exploration projects near world-class deposits that have the potential of becoming new discoveries.
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: Don Myers Director Bayfield Ventures Corp. Telephone: 604-687-3376 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@bayfieldventures.com
Other Contact: Envoy Strategic Partners Investor Relations Jay Bedard Telephone: 416-977-7778 Email: jay@envoystrategicpartners..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. This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
You can also view this News Release on our website at: http://www.bayfieldventures.com/s/NewsReleases.asp?ReportID=623081
On February 15th, Bayfield Ventures was recognized as a TSX Venture 50� company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license. The TSX Venture 50� are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors - mining, oil & gas, technology & life sciences, diversified industries and clean technology - based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2010. |
| |
Home Projects News Releases Investor Info Corporate Info Contact Us Subscribe
|
|
Bayfield Ventures Corp.
|
|
EXPLORATION STAGE |
CODE : BYV.V |
ISIN : CA0727771051 |
CUSIP : 072777 10 5 |
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
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. |
In the News and Medias of Bayfield Ventures Corp. |
Annual reports of Bayfield Ventures Corp. |
Financings of Bayfield Ventures Corp. |
Nominations of Bayfield Ventures Corp. |
Financials of Bayfield Ventures Corp. |
Project news of Bayfield Ventures Corp. |
10/17/2013 | Drills 4.5 metres of 9.82 g/t Au & 52.10 g/t Ag at East Burn... |
10/9/2013 | Drills 6.0 metres of 14.34 g/t Gold & 61.40 g/t Silver at Ea... |
10/1/2013 | Bayfield Intersects 1.5 Metres of 528 g=2Ft Gold & 103 g=2Ft... |
10/1/2013 | Intersects 1.5 metres of 528 g/t Gold & 103 g/t Silver at In... |
8/9/2013 | Bayfield Drill Program to Resume at Burns Block Gold=2DSilve... |
8/9/2013 | Drill Program to Resume at Burns Block Gold-Silver Project i... |
6/6/2013 | Commences Geological, Geotechnical and Geochemical Studies a... |
5/31/2013 | New Gold Agrees to Acquire Rainy River Resources Growing Gol... |
5/23/2013 | Bayfield Drills 16.0m of 10.47 g/t Gold and 34.68 g/t Silver... |
5/23/2013 | Drills 16.0m of 10.47 g/t Gold and 34.68 g/t Silver on Intre... |
4/23/2013 | Drills 11.0m of 12.19 g/t Gold and 30.05 g/t Silver in Rainy... |
1/10/2013 | Bayfield Drills 15.0m of 11.06 g/t Gold and 57.05 g/t Silver... |
1/10/2013 | Drills 15.0m of 11.06 g/t Gold and 57.05 g/t Silver in Rainy... |
10/11/2012 | Bayfield Drills 19.60m of 5.45 g/t Au and 20.63 g/t Ag at Ea... |
10/3/2012 | Bayfield Announces Additional Burns Block Drill Results in t... |
10/3/2012 | Announces Additional Burns Block Drill Results in the Rainy ... |
7/25/2012 | Continues to Expand Eastern Burns Block Discovery Zone in Ra... |
7/25/2012 | Bayfield Continues to Expand Eastern Burns Block Discovery Z... |
5/9/2012 | Bayfield Drills 13.5m of 5.13 g/t Au and 25.21 g/t Ag in Dev... |
5/9/2012 | Bayfield Drills 13.5m of 5.13 g/t Au and 25.21 g/t Ag in Dev... |
5/9/2012 | Drills 13.5m of 5.13 g/t Au and 25.21 g/t Ag in Developing E... |
3/29/2012 | Bayfield Reports 7.5m of 7.31 g/t Au, 107.95 g/t Ag and 7.9m... |
3/29/2012 | Bayfield Reports 7.5m of 7.31 g/t Au, 107.95 g/t Ag and 7.9m... |
3/29/2012 | Reports 7.5m of 7.31 g/t Au, 107.95 g/t Ag and 7.9m of 4.8 g... |
3/14/2012 | Bayfield Drills 13.94 g/t Au Over 3.0m Within 3.46 g/t Au Ov... |
3/13/2012 | Drills 13.94 g/t Au over 3.0m within 3.46 g/t Au over 19.5m ... |
2/21/2012 | Bayfield Drills 10.5m of 3.44 g/t Au and 29.16 g/t Ag in New... |
2/21/2012 | Drills 10.5m of 3.44 g/t Au and 29.16 g/t Ag in New Southeas... |
12/12/2011 | Bayfield Reports 7.2m of 656.88 g/t Ag in Rainy River, North... |
12/12/2011 | Reports 7.2m of 656.88 g/t Ag in Rainy River, North-western ... |
11/29/2011 | 61.02 g/t Gold over 7m & 64.66 g/t Gold over 5m in Two near ... |
11/29/2011 | Bayfield Drills 61.02 g/t Gold Over 7m & 64.66 g/t Gold Over... |
9/20/2011 | Reports 1,414.55 g/t Silver over 1.10m in Rainy River, NW On... |
8/31/2011 | New 3D Video of Bayfields' Burns Block in Rainy River, Ontar... |
8/9/2011 | Extends Near Surface Gold-Silver Mineralization in Easterly ... |
6/27/2011 | Drills 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. |
5/30/2014 | Closes Final Tranche of Financings, Raises $1,126,700 |
5/5/2014 | Increases Financings to $1,750,000 |
2/18/2014 | Completes NI 43-101 Technical Report on its Rainy River "B"... |
1/14/2014 | Announces Maiden NI 43-101 Technical Report and Mineral Reso... |
11/26/2013 | Completes 2013 Drill program at Rainy River Burns Block, NW ... |
10/17/2013 | Bayfield Drills 4.5 metres of 9.82 g=2Ft Au & 52.10 g=2Ft Ag... |
10/9/2013 | Bayfield Drills 6.0 metres of 14.34 g=2Ft Gold & 61.40 g=2Ft... |
5/29/2013 | Block Booking: Rainy River and Bayfield Ventures as Possible... |
10/11/2012 | Drills 19.60m of 5.45 g/t Au and 20.63 g/t Ag at East Burns ... |
4/18/2012 | Mid-Day Breaking News Mirasol, Eagle Hill, Bayfield, and Foc... |
4/17/2012 | Noverra Watch List Report - Bayfield Ventures (TSX-V: BYV) |
1/23/2012 | Mid-Day Breaking News From Douglas Lake, Eagle Hill, El Nino... |
1/23/2012 | Expands Rainy River Exploration Program with Drilling Commen... |
1/23/2012 | Discovers Multi-Gram Gold in New Far East Zone on Burns Bloc... |
1/19/2012 | Mid-Day Breaking News From Angkor, Novadx, U3O8 Corp, Bayfie... |
9/12/2011 | Visit Management at the Toronto Gold Show |
9/8/2011 | Drills 34.50m over 1.24 g/t AuEq in Near Surface Drilling an... |
7/28/2011 | Mid-Day Breaking News From Regal, Premium, Millrock, Bayfiel... |
7/27/2011 | Clarifies Misinformation by US Newsletter Writer |
6/30/2011 | Clarifies Details of Reported Drill Intercepts |
6/3/2011 | Drills 20.35 Metres of 2.27 G/T Au and 7.76 G/T Ag at Rainy ... |
5/12/2011 | Drills 7.60m of 5.70 G/T Au and 24.27 G/T Ag Within 22.35m o... |
4/26/2011 | Bayfield Expands Rainy River Drill Program by an Additional ... |
4/26/2011 | Expands Rainy River Drill Program by an Additional 50,000 Me... |
3/1/2011 | Bayfield Drills 13.0 g/t Au and 70.22 g/t Ag over 6.6m withi... |
2/15/2011 | Ranks Third out of Ten Mining Companies to make TSX Venture ... |
5/7/2010 | $4 Million Financing Closes for Drill Program |
7/28/2009 | Louis Chastko, PGeo. Joins Advisory Board |
6/29/2009 | Acquires Two New Properties in Northwestern Ontario |
12/10/2008 | Drills 5.7 g/t Gold on its Rainy River Claim Block, Ontario |
9/16/2008 | Major Gold Intersect Discovered by Rainy River on Bayfield's... |
8/1/2008 | Rainy River Announces Results West of Bayfield's Burns Block |
10/5/2007 | Trading Halted at Company's Request Pending News |
|
|