| | Published : December 01st, 2010 | Rainy River Drilling Intersects 4m of 6.17 g/t Au within 21m of 1.53 g/t Au |
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Wednesday, December 01, 2010 |
News Release |
Rainy River Drilling Intersects 4m of 6.17 g/t Au within 21m of 1.53 g/t Au
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") is pleased to announce additional drill results on its 100% owned Burns Block property in the Rainy River District of north-western Ontario. The Burns Block is situated adjacent to the east and on strike with Rainy River Resources' (TSX-V: RR) multi-million ounce gold deposit. Rainy River Resources' March 2010 NI 43-101 compliant resource includes 2.37 million ounces of gold at 1.3 g/t in the indicated category and an additional 2.66 million ounces of gold at 1.2 g/t in the inferred category (0.4 g/t Au cut-off for open pit mineralization and 3.0 g/t Au cut-off for underground mineralization).
Rainy River gold properties claims map: http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf
Highlights: - Gold intercepts reported on Burns Block continue to define eastern extension of Rainy River Resource's main ODM17 Gold Zone - 4 metres of 6.17 g/t Au and 13 metres of 2.54 g/t Au within 21 metres of 1.53 g/t Au - Gold mineralization continues to be extended eastward on the Burns Block - Approximately 30,000 metres of drilling yet to be completed
Discussion of Results from 283 Zone Holes RR10-37 to RR10-40 and RR10-46 to RR10-48:
The infill drilling of the 400 metre linear plunge distance between RR10-15 and RR10-18 is still at an early stage with a total of five holes completed to target depth. Two holes were abandoned due to unexpected dip and azimuth deflections (flattening) occurring in the shallow portions of the holes (holes RR10-37 and 39).
Significant gold mineralization was intersected in hole RR10-47 from 375 metres to 396 metres down hole. This 21 metre interval returned an average grade of 1.53 g/t Au and includes metre intervals grading 14.80 g/t Au and 7.94 g/t Au. The position of this mineralized zone lines up well with the interpreted plunge of gold mineralization between holes RR10-15 and 18. Drilling and delineation of this target area is continuing. Holes RR10-38 and 40 intersected highly anomalous gold grades ranging between 0.2 g/t Au and 0.6 g/t Au over varied widths.
Updated Burns Block drilling exploration map: http://www.bayfieldventures.com/i/maps/BYV_Burns_Exploration_Map_July_2010.jpg
Gold Assay Results from 283 Zone:
DRILL HOLE AZ. � DIP � FROM (m) TO (m) INTERVAL (m) GOLD (g/t) Gold Zone
RR10-46 358 70 285.0 314.0 29.0 0.40 283 Zone
including 287.0 293.0 6.0 1.10
and 288.0 289.0 1.0 5.58
RR10-46 374.0 379.0 5.0 0.40
including 375.0 376.0 1.0 0.96
RR10-47 358 80 375.0 396.0 21.0 1.53 283 Zone
including 375.0 388.0 13.0 2.54
and 378.0 387.0 9.0 3.34
and 383.0 387.0 4.0 6.17
and 383.0 384.0 1.0 14.80
and 386.0 387.0 1.0 7.94
including 395.0 396.0 1.0 1.45
RR10-48 358 85 391.0 408.0 17.0 0.51 283 Zone
including 397.0 399.0 2.0 1.17
including 398.0 399.0 1.0 1.59
including 405.0 406.0 1.0 1.09
* g/t = grams per metric tonne * Mineralized intervals in table above are estimated to be 65% to 75% of true width
Discussion of Results from North Zone Holes RR10-41 to RR10-45 and RR10-49:
Bayfield has now completed reconnaissance drilling 180 metres east of the west boundary on the North Zone of the Burns Block property. Assay results continue to confirm the presence of significant widths of lower grade, bulk tonnage gold mineralization localized within near-surface, intensely sericite altered fragmental dacite volcanic host rocks. Intercepts include 8 metres of 0.81 g/t Au within 19 metres of 0.43 g/t Au in RR10-43 and 12 metres of 0.45 g/t Au in RR10-45. Holes RR10-42, 44 and 49 all intersected highly anomalous gold values over varied widths. The gold mineralization remains open to the east on all sections of the Burns Block including the North Zone.
Gold Assay Results from North Zone:
DRILL HOLE AZ. � DIP � FROM (m) TO (m) INTERVAL (m) GOLD (g/t) Gold Zone
RR10-41 358 60 83.0 84.0 1.0 1.39 North Zone
RR10-41 106.0 131.0 25.0 0.31
including 123.0 124.0 1.0 1.70
RR10-43 358 45 93.0 112.0 19.0 0.43 North Zone
including 100.0 108.0 8.0 0.81
including 105.0 107.0 2.0 2.09
including 106.0 107.0 1.0 3.12
RR10-45 358 75 110.0 121.0 11.0 0.33 North Zone
RR10-45 136.0 148.0 12.0 0.45
including 137.0 138.0 1.0 1.02
* g/t = grams per metric tonne * Mineralized intervals in table above are estimated to be 75% to 95% of true width
"B" Block Exploration Update:
Eleven initial exploration holes have been completed on Bayfield's 100% owned "B" Block located to the north-east of the Burns Block. All holes encountered anomalous gold values over varied widths. The Company is evaluating all data from the "B" Block to determine the positioning of a winter 2011 drill program.
Exploration Potential:
The exploration potential of the Burns Block property to the east of the completed drilling has recently been upgraded by completion of surface mapping and rock chip sampling. Altered and mineralized dacite volcanic rocks extend completely across the property from west to east. Recently collected surface grab samples have returned gold values in excess of 1 g/t Au. Follow-up sampling of outcropping gold mineralization on the far eastern area of the Burns Block has been completed. The results will be used to target exploration drilling in this area 200 to 300 metres east of the current exploration area.
As well as continuing to define near-surface, bulk tonnage gold mineralization, Bayfield is also planning on drilling several deeper holes to below 600 metres. Rainy River Resources has reported that they plan to test the down-dip extension of their 433 and ODM17 gold zones to 2,000 metres below surface to significantly expand their current resource. Bayfield believes that deeper drilling on the Burns Block could potentially lead to the discovery of new gold zones below the primary mineralized lapilli tuff unit currently being delineated on the property.
Bayfield is still at a very early stage of exploration on its Rainy River properties with approximately 23,000 metres of drilling completed out of the planned 50,000+ metre drill program. Results are pending for several holes. The Company plans to continue to release drill results in series from the zones they were drilled in.
Additionally, silver assays for several hundred core samples in the 283, West and North Gold Zones along with nickel and PGE assays of altered and heavily sulfide mineralized mafic to ultramafic volcanic intervals on the "B" Block are pending.
Jim Pettit, CEO of Bayfield Ventures, stated: "The Company is very pleased with the exploration thus far as we continue to delineate the easterly extension of Rainy River's ODM17 gold zone onto the Burns Block. Our geological understanding of the property is progressing, and the definition of existing targets as well as the discovery of new ones is ongoing. With another 30,000 metres of drilling to go, Bayfield is confident it can steadily add value to its Rainy River properties."
Quality Assurance:
Drill core analysis and assaying is being 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 metre intervals. The core samples were analyzed for gold by 30-gm fire assay with AA finish and by gravimetric methods from assays over 3000 ppb (over limit). Screened total metallic assays are being performed on samples assaying over 10,000 ppb. 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.
Shane Hu, P.Geo., Project Geologist for Bayfield Ventures is the Qualified Person, as defined by National Instrument 43-101 and supervised both the project field and the preparation of the technical information in this release.
About Bayfield Ventures Corp.:
Bayfield Ventures Corp. is exploring for gold in the Rainy River District of north-western Ontario.
The Company has approximately 50.5 million shares outstanding and over $8 million in its treasury.
For further information on Bayfield Ventures Corp. (TSX-V: BYV), visit the Company's web site at www.bayfieldventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit" _______________________________ James G. Pettit Chairman and CEO
For further information contact myself or: Don Myers Director Bayfield Ventures Corp. Telephone: 604-687-3376 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@bayfieldventures.com
Other Contact: Envoy Strategic Partners Investor Relations Jay Bedard Telephone: 416-977-7778 Email: jay@envoystrategicpartners.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
You can also view this News Release on our website at: http://www.bayfieldventures.com/s/NewsReleases.asp?ReportID=431457 |
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Bayfield Ventures Corp.
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EXPLORATION STAGE |
CODE : BYV.V |
ISIN : CA0727771051 |
CUSIP : 072777 10 5 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Bayfield Ventures is based in Canada. Bayfield Ventures holds various exploration projects in Canada. Its main exploration properties are GOLD CREEK, DRUM LAKE, BAIRD, BURNS BLOCK (RAINY RIVER) and C CLAIMS in Canada. Bayfield Ventures is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 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. |
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Project news of Bayfield Ventures Corp. |
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1/10/2013 | Bayfield Drills 15.0m of 11.06 g/t Gold and 57.05 g/t Silver... |
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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... |
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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... |
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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... |
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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... |
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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... |
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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 |
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