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Beaufield Resources Inc. (TSX VENTURE:BFD - News) is pleased to report results
from the first four holes from a 10,000 metre drill
program at Tortigny, located on it's
100% owned Troilus property, 100 kilometres north
of Chibougamau, Quebec.
These holes are 4 of 11 totalling 2105 metres drilled
before Christmas. To February 1st an additional 8 holes for 1686 metres have been drilled. The drilling is intended to
better define and possibly expand the Tortigny
zinc-copper-silver-gold deposit initially drilled by Noranda
Mines and Exploration Inc. in the 1990's. Noranda
assumed a single, regular "V" shaped deposit. They consistently
drilled in a northerly direction, on 25 metre
spaced sections, at an angle of 50 degrees .
To try to better define the deposit and
explore for extensions, Beaufield has altered the
drilling pattern from the pattern adopted by Noranda.
One hole, TO-10-19, (News Release, September 30th, 2010) drilled down the
hinge of the assumed "V" shape fold to test the continuity between
sections. This hole indicates very good continuity and some higher grade
portions between the sections drilled in the 1996 program. The first portion
of current program consists of vertical holes generally drilled at alpha 25 metre spacing along the axis of the Tortigny
deposit, intending to approximately intersect the assumed centre
of the "V" shape mineralized zone. These holes are drilled between
the previously defined sections, or 12.5 metres
from the Noranda sections. On various sections,
holes are drilled in close proximity, due to the high variability in grade,
thickness and orientation of the massive sulphide
layer. This is to better define and understand the shape of the deposit. In
some cases the holes have probably intersected one of the sides of the
"V" rather than the centre.
The current drilling suggests a deposit
more complex than originally supposed, with new mineralized zones, or folded
portions of known zones being located below the assumed bottom of the hinge.
It should be noted that the mineralized in-hole sections reported here are
not true width. The angle between the drilled hole and the mineralized zone
varies from one hole to another depending on the steepness of the mineralized
zone.
Hole TO-10-20 was drilled vertically, 25 metres east of
TO-10-16 (Press release, September 30th 2010) into the central portion of the
deposit and intersected two distinct mineralized zones. (Refer to Table 1)
Table 1:
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From To Length Zinc Copper Lead Silver Gold
(m) (m) (m) (%) (%) (%) (g/t) (g/t)
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89.14 1.04
TO-10-20 141.20 155.00 13.8 5.30% 2.81% 0.51% g/t g/t
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127.53 2.10
Including 141.20 147.00 5.80 11.45% 4.23% 0.58% g/t g/t
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58.97 0.47
TO-10-20 173.70 199.00 25.30 4.63% 2.34% 0.16% g/t g/t
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105.72 1.05
Including 184.00 193.00 9.00 7.95% 4.93% 0.13% g/t g/t
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230.10 2.74
Including 185.90 189.00 3.10 11.00% 10.73% 0.18% g/t g/t
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Hole TO-10-21 drilled vertically, also
intersected two distinct mineralized zones (refer to Table 2). Hole TO-10-21
was drilled 5 metres north of TO-10-20, to better
locate the hinge of the folded mineralized zone. TO-10-21 and TO-10-20
indicate the heterogeneity of the mineralized body over a short distance and
support the necessity of closely spaced holes in order to determine the
geometry of the mineralized zones.
Table 2:
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From Length Zinc Copper Lead Silver Gold
(m) To (m) (m) (%) (%) (%) (g/t) (g/t)
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TO-10-21 138.00 175.65 37.65 6.02% 2.62% 0.34% 72.31 g/t 0.55 g/t
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Including 138.70 148.00 9.30 12.69% 3.41% 0.21% 84.48 g/t 0.33 g/t
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Including 163.80 174.60 10.80 6.49% 3.00% 0.33% 74.93 g/t 0.36 g/t
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TO-10-21 186.00 195.35 9.35 3.39% 1.63% 0.06% 28.70 g/t 0.15 g/t
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Including 186.00 189.00 3.00 4.88% 2.83% 0.11% 57.63 g/t 0.19 g/t
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Hole TO-10-22 drilled vertically, 17 metres east of TO-10-21, similarly intersected two zones
shown in table 3.
Table 3:
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From To Length Zinc Copper Lead Silver Gold
(m) (m) (m) (%) (%) (%) (g/t) (g/t)
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129.39
TO-10-22 125.00 136.50 11.50 6.36% 4.34% 0.67% g/t 1.00 g/t
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173.87
Including 129.00 133.70 4.70 9.99% 7.24% 0.30% g/t 1.96 g/t
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233.48
Including 132.20 133.70 1.50 13.44% 9.66% 0.39% g/t 2.96 g/t
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Hole TO-10-24 drilled vertically, 31 metres east of TO-10-22, intersected two distinct
mineralized zones as shown in Table 4.
Table 4:
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From To Length Zinc Copper Lead Silver Gold
(m) (m) (m) (%) (%) (%) (g/t) (g/t)
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116.62
TO-10-24 100.00 113.00 13.00 10.21% 4.48% 0.37% g/t 0.52 g/t
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125.95
Including 100.90 112.00 11.10 11.49% 4.88% 0.42% g/t 0.47 g/t
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86.85
TO-10-24 116.00 117.50 1.50 8.17% 3.31% 0.08% g/t 0.36 g/t
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Down-hole and borehole geophysics is
underway on most of the completed holes.
Once the entire drill program has been
completed and results compiled, inserted into a model and a planned NI 43-101
resource calculation prepared then Beaufield
expects to be in a position to report preliminary size, tonnage and grade.
The 100% owned Tortigny
and the Moleon area represent a very high priority
environment for base metal exploration. Line cutting over other prospective
airborne MEGATEM electromagnetic anomalies is presently being completed and
will be covered with an induce polarization (I.P.) survey in February 2011. Beaufield has contracted Fugro
Airborne Surveys to undertake a detailed interpretation and exploration
target selection from a regional proprietary MEGATEM survey. Condor
consulting has been contracted to interpret a 1,000 km airborne gradient
gravity survey. The diamond drill is still on site, presently drilling at Tortigny, and will be ready to drill test, new
interesting geophysical targets in March-April 2011.
Quality Assurance / Quality Control
Core processing included descriptive
logging and systematic sampling for analysis. The drill core was completely
cut in half, with one half delivered to a commercial laboratory and the other
half retained for future reference, gold assays were performed at ALS CHEMEX
Laboratories in Val d'Or, Quebec. The processed samples were submitted to a
standard Fire Assay with AA technique (Au-AA-23) and Inductively Coupled
Plasma Emission Spectroscopy (ME-ICP-41) on a 30 gram sub-sample.
Beaufield has approximately $9 million in working
capital, no debt and a promising portfolio of gold and base metal properties.
David Frappier-Rivard,
P.Geo.,
Exploration Manager 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.
FORWARD LOOKING STATEMENTS: This press
release contains forward-looking statements, which address future events and
conditions, which are subject to various risks and uncertainties. Forward
looking statements in this press release may be identified by the words
"estimate", "believe", "anticipate",
"intend", "expect", "plan", "may",
"should", "will", and the negative thereof or other variations
thereon or comparable terminology. Actual results could differ materially
from those anticipated in such forward-looking statements as a result of
numerous factors, some of which may be beyond the Company's control. These
factors include: results and timing of exploration activities, general market
and industry conditions and other risks disclosed in the Company's filings
with Canadian Securities Regulators.
Forward-looking statements are based on
the expectations and opinions of the Company's management on the date the
statements are made. The assumptions used in the preparation of such
statements, although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The Company 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. Depending on exploration results and available financing, the
Company may at any point modify the suggested work program for 2011.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contact:
613-721-2919
Beaufield Resources Inc.
Fax: 613-680-1091
beaufield@rogers.com
www.beaufield.com
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