Bayfield Expands Rainy River Exploration Program with
Drilling Commencing on "C" & "B" Block Properties
Bayfield
Ventures Corp. (TSX-V:
BYV) (FWB: B4N) (the
"Company") is pleased to announce an expanded exploration program on
its projects in the Rainy River District of north-western Ontario. Diamond
drilling is now underway on the Company's 100% owned, 1,976 acre "C"
Block property situated to the west of Rainy River Resources' (TSX: RR)
multi-million ounce gold deposit. Additionally, drilling on Bayfield's 100%
owned, 1,185 acre "B" Block property will commence immediately.
Drilling has resumed after the holiday break on the 100% owned, 80 acre Burns
Block flagship project which is situated adjacent to the east and on strike to
Rainy River Resources' main ODM17 gold zone.
Rainy River gold properties claims map:
http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf
"C"
Block Exploration:
Exploratory drilling of the "C" Block property is now
underway. The property is well positioned along the western extension of the
Rainy River gold district. The goal of this initial drilling is to establish
the character of the bed rock across the property since the vast majority of
the property is covered by glacial till deposits. The property is underexplored
and constitutes significant blue sky potential for Bayfield in the emerging
Rainy River gold district.
"C" Block satellite map with conductors and drill hole location:
http://www.bayfieldventures.com/i/maps/C-Block-Satellite-Map-with-Conductors.jpg
Drill targeting is being guided by the compiled results of ground
magnetic surveys completed in 2007 and by the results of helicopter VTEM and
magnetic data flown for Bayfield in late 2010. These data compare favourably with similar data collected at the Burns and
"B" Block area and suggest that a similar package of rock types is
present in both areas. Ten planned holes will complete a south to north
transect across the property. Further work will be contingent on the results of
this first phase of drilling.
"C" Block total magnetic intensity map and drill hole location:
http://www.bayfieldventures.com/i/maps/C-Block-Total-Magnetic-Intensity-Map.jpg
"B"
Block Exploration:
In 2008, Bayfield drilled 2 metres of 5.84 g/t
gold in the south-central portion of the "B" Block. This
mineralization lies within 200 metres of the surface.
However, a small amount of follow-up drilling conducted by Bayfield in 2010 was
unsuccessful in extending this mineralized zone. Data from drilling completed
on our flagship Burns Block property in 2010 and 2011 has shown a strong
tendency for higher-grade gold and silver mineralization to be localized in
predominantly north-south trending structures within a pervasive lower-grade
mineralized envelope. The drilling completed at the "B" Block in 2010
was not directed at north-south structures and was therefore insufficient in
properly targeting the know orientations of gold and silver zones. A series of
east to west trending holes has been planned to more efficiently explore for
zones of gold and silver mineralization given the geology and structures common
in the district. This drilling will commence by January 24th.
Burns Block
Exploration:
Bayfield has resumed the drilling on its flagship Burns Block Project
and is currently exploring the property to the east. To date, over 260 holes
have been completed on the Burns Block. The Company is consistently
intercepting the target sericite altered shear zone
while closely watching for additional mineralization in both the hanging wall
and footwall of the main zone. Bayfield is also drill testing the high
magnetic/conductor anomaly identified by geophysical work completed last December
in the northeast quadrant of the Burns Block. Results from this ongoing
drilling are still pending.
Updated Burns Block drill hole location map:
http://www.bayfieldventures.com/i/maps/BYV_Burns_Block_Drill_Collar_Map_Nov_2011.jpg
Bayfield has a remaining 30,000 metres of
drilling in its 100,000 metre ongoing program at its
Rainy River properties with the bulk of this drilling to be carried out on the
Burns Block.
Qualified
Person:
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 information in this
release.
About Bayfield
Ventures Corp.:
Bayfield Ventures Corp. is exploring for gold and silver in the Rainy
River District of north-western Ontario.
The Company has 62.8 million shares outstanding and over $4 million in
its treasury.
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"