MONTREAL, QUEBEC--(Marketwired - Feb. 18, 2014) - Beaufield Resources Inc. ("Beaufield" or the "Corporation") (TSX VENTURE:BFD) is providing results for three holes drilled in December 2013 on Zone 75, totaling 357 metres, on the Launay Gold Project. Table 1 displays the best results. The drill program is funded by the Corporation per an option and joint venture agreement signed with Melkior Resources Inc. ("Melkior") in November 2013 (please refer to press release November 7th, 2013). Melkior is the operator.
The drill program began in November, 2013 (please refer to press release November 20th, 2013) and was completed in January 2014. In total 19 holes, comprising 2,589.6 metres, were drilled. The results of 8 holes were released in early January 2014 (please refer to press release January 13th, 2014). Results are pending for five remaining holes drilled on Zone 75 and for three additional exploration holes.
Drill highlights include:
-- 6.20 g/t gold over 10.5 metres and 7.70 g/t gold over 2.85 metres (LAY-
20-2013).
Table #1 - Launay December 2013 drill results
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End of
hole Interval
length Azimuth Dip From To (i) Gold
Hole Number (Metres)(Degrees)(Degrees) (Metres) (Metres) (Metres) (g/t)
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LAY-18-2013 105 090 -50 10.40 12.60 2.20 1.18
78.00 79.95 1.95 1.13
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LAY-20-2013 132 090 -50 1.20 6.00 4.80 0.82
8.80 16.20 7.40 2.05
56.00 60.05 4.05 1.53
68.65 71.50 2.85 7.70
85.50 96.00 10.50 6.20
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LAY-25-2013 120 090 -50 37.20 39.30 2.10 1.74
57.30 61.00 3.70 0.70
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(i)Reported drill intercepts are not true widths.
Gold occurs in two distinct mineralization styles. Near surface, gold is hosted in a hematized pink granite including several quartz veinlets and a dense fracture network associated with pyrite and sericite alteration. Gold intersected in a second zone is hosted in a white to light pinkish-grey granite due to strong albite alteration and weak hematization. Pyrite typically occurs as disseminated grains (up to 5% pyrite). The albitized granite contains higher grades indicated by 6.20 g/t gold on 10.50 metres.
Conclusion and Future Work
These encouraging results demonstrate that the mineralization is wide and continuous. The remaining five holes are pending from the December 2013 program and will be integrated with the historical data. An additional three exploration holes were drilled in January 2014, results are pending. Based on the current and historical work, additional drilling will be planned. This will include surface channel sampling.
Quality Control
Core processing included descriptive logging and systematic sampling for analysis. The drill core was sawn in half, with one-half delivered to a commercial laboratory and the other half retained for future reference. Samples were submitted to ALS Chemex Laboratories in Val d'Or, Quebec. The processed samples were subjected to a standard fire assay with AA technique (Au-AA-23) on a 30-gram subsample. Standards and blanks were systematically inserted into the sample shipments as part of the sampling protocol. For samples returning greater than ten g/t gold, follow-up analysis using fire assay with a gravimetric finish is completed. For specific mineralized zones where the proportion of pyrite is high, samples were assayed using a screening analytic method on a 1000 g subsample. Following receipt of assays, visual analysis of mineralized intercepts is conducted, and additional analyses may be requested to ensure the accurate representation of the mineralized zones.
About Zone 75
Zone 75 was discovered in 1987 by Melkior's predecessor Les Mines Messeguay Inc. with discovery drill hole number ML-87-75, which intersected 0.127 oz/t (4.35 g/t) gold over 69 feet (20.98 metres). Zone 75 coincides with a north-south striking magnetic axis and dips to the west between 65 to 80 degrees. The mineralization found at Zone 75 consists of auriferous pyrite grains disseminated in an altered granitic intrusive and remains open at depth.
About the Launay Gold Project
The Launay Gold Project hosts near-surface mineralization along a three kilometre trend, which includes Zone 75 and the Principal Zone. The project is located in the Abitibi Greenstone Belt and is approximately 70 kilometres northeast of Rouyn-Noranda, 80 kilometres northwest of the town of Val D'Or, Quebec and is easily accessible using highway 111 between Amos and LaSarre. Both rail and power are readily available. The property consists of 83 claims covering 63 square kilometres. The Corporation entered into an option and joint venture agreement with Melkior where Beaufield will earn 50% in the project by spending $1,250,000 over five years. Beaufield will earn 10% interest for each $250,000 of exploration expenses.
This press release was prepared by Dr. Eric Hebert, PGeo, of GeoVector Management Inc., qualified person under National Instrument 43-101. Dr. Hebert has supervised the
Diamond drill program, logged the core, designed the sampling program and reviewed the quality control information.
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 Corporation is actively exploring, well financed, has no debt and has excess work credits on its properties.
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 Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation 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.