Beaufield Resources Inc.

Published : September 18th, 2017

UPDATE: Beaufield drilling returns 33.6 g/t gold over 1.0 metre and acquires new key claims for its Urban property

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Campaign | Cash | Commercial | Debt | Diamond | Key | Record | Show | Standard | Target | Weeks | Work |

UPDATE: Beaufield drilling returns 33.6 g/t gold over 1.0 metre and acquires new key claims for its Urban property

MONTREAL, QUEBEC--(Marketwired - Sep 18, 2017) -

This document corrects and replaces the press release that was sent today at 12:21 PM EDT. The link for the map of the Urban-Barry camp has been corrected.

Beaufield Resources Inc. ("Beaufield") (TSX VENTURE:BFD) is pleased to provide an operational update for its 100% owned Urban property located in the Windfall gold camp, Quebec.

Preliminary drill results for hole BRS-17-10 drilled on a portion of the Rouleau block that has no record of previous drilling and located approximately 2 kilometres northeast of Bonterra Resources Gladiator deposit returned 6.3 g/t gold over 5.5 metres including 33.6 g/t gold over 1.0 metre from 18.5 metres downhole (please refer to the quality control paragraph regarding true widths). Visible gold was observed in a smoky quartz vein between 18.5 to 19.5 metres within a wider, weakly mineralized shear zone with carbonate and sericite alteration. The hole is located near a newly identified till anomaly as part of the current program. Assay results for a large portion of the hole as well as other holes drilled at Rouleau South remain to be received. Additional drilling is currently being conducted in the vicinity of this discovery.

Results from the summer till sampling program on the Rouleau block have been received and indicate the presence of a prominent gold anomaly on the property covering a minimum area of 900m by 500m.Till samples indicate highly anomalous values of up to 90 gold grains, or over 10 times normal regional background. Additional sampling is underway to determine the extent of the gold till anomaly to the north (see attached map). The ongoing drill program will also target this area of the next few days.

Beaufield is working in consultation with Dr.Rémi Charbonneau, Ph.D., P. Geo of Inlandsis Consultants on the interpretation of the till sampling program. Dr Charbonneau specializes in the research of glacial geology and geochemistry and has consulted on several gold-in-till projects in Quebec. In regard to the Beaufield till results, Dr Charbonneau states: "The high number of gold grains recovered and the fact that several of the samples show a high number of pristine gold grains would indicate a nearby source, and therefore define a priority target for drilling."

Assay results for 12 holes completed on the Macho and ET zones have also been received. The first 8 holes totaling 1,338 metres on the Macho block focused of geophysical anomalies and areas where anomalous gold had been sampled at surface or further along strike. On the ET zone, the first 4 holes totaling 1,173 metres concentrated on geophysical anomalies within the southern arm of a large interpreted fold. The majority of the anomalies were explained by the presences of sulphides with no significant gold content. Table 1 below provides a summary of results received to date.

Drill Hole Area Length UTM E UTM N Azimuth Dip From To Length* Gold (g/t)
BRS-17-10 Rouleau South 156 457815 5429033 350 -50 18.50 24.00 5.50 6.27
including 18.50 19.50 1.00 33.55
BUM-17-01 Macho 150 443801 5433936 138 -50 63.00 64.50 1.50 0.11
BUM-17-02 Macho 186 443864 5434015 138 -50 95.40 96.76 1.36 0.98
BUM-17-03 Macho 134 444177 5434226 138 -50 No significant values
BUM-17-04 Macho 147 444079 5434577 138 -50 62.81 63.46 0.65 2.24
BUM-17-05 Macho 147 444128 5434443 150 -50 No significant values
BUM-17-06 Macho 273 443480 5434479 150 -45 235.15 237.32 2.17 0.22
BUM-17-07 Macho 93 441030 5433842 150 -50 15.00 18.00 3.00 0.15
BUM-17-08 Macho 208 441308 5433944 150 -50 197.82 198.27 0.45 1.43
BUET-17-01 ET Zone 204 452704 5433090 180 -55 No significant values
BUET-17-02 ET Zone 186 453271 5432751 360 -65 No significant values
BUET-17-03 ET Zone 186 453182 5433183 170 -55 No significant values
BUET-17-04 ET Zone 597 453119 5433228 135 -45 No significant values
* May not represent true width: There is insufficient information at this time to determine true widths of the mineralized intercepts

To date, the Corporation has drilled 35 holes for 9,258 metres during its 2017 summer exploration campaign in the Urban-Barry camp. These include a total of 6 Holes on the ET zone, 14 holes on the Macho block and 14 holes in the Rouleau South area as show on the map that accompanies this release. Assay turnaround time has been very slow and as a result Beaufield is looking for alternatives to reduce the delay. Meanwhile, the immediate focus of the work will continue to be directed at the new anomaly on the Rouleau claim block.

In addition to the ongoing drilling and exploration work, management is pleased to announce the acquisition of 12 key claims in the Urban area from a private vendor for a cash consideration and a 2% royalty. Located near the Macho block, historical work for the claims has been limited. Government data indicates that several gold bearing grab samples had been taken near a felsic porphyry dyke and a small drill program had intersected at least three anomalous gold zones, including one of 28.25 g/t gold over 0.8 metres. Beaufield plans to undertake exploration work on this property over the next few weeks.

Beaufield's 22,327 hectare, 100% owned Urban property is strategically and centrally located in the Urban-Barry district of Quebec.Please refer to Beaufield's website for further details on the Urban property.

Quality Control

Diamond blade saw. Half of any sampled core was left in the core box for future reference and the remaining half was bagged and sealed and sent to a commercial laboratory. Quality control samples (duplicate, blanks and standards) were inserted in the sequence. Assays are 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. True Widths Statement: There is insufficient information at this time to determine true widths of the reported mineralized intercepts." data-reactid="26">Beaufield's drill program includes descriptive logging and systematic sampling of the drill core for analysis. A total 1,129 samples were taken from the drill core. Every sampled interval was split in half with a core splitter or cut with a Diamond blade saw. Half of any sampled core was left in the core box for future reference and the remaining half was bagged and sealed and sent to a commercial laboratory. Quality control samples (duplicate, blanks and standards) were inserted in the sequence. Assays are 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. True Widths Statement: There is insufficient information at this time to determine true widths of the reported mineralized intercepts.

Qualified Person

This news release has been prepared by Ronald Stewart, P.Geo.,President and CEO of Beaufield and Mathieu Stephens, P.Geo., Vice President of Exploration and Corporate Development for Beaufield, the Qualified Persons, as defined by National Instrument 43-101.

About Beaufield:

Beaufield is a mineral exploration company with its exploration activity focused in Quebec and Ontario. Please refer to Beaufield's website to view the Corporation's properties in Urban, Launay, Eleonore-Opinaca, Troilus, Hemlo and Launay. The Corporation is actively exploring, well financed with approximately $7 million in working capital, has no debt and has excess work credits on its properties.

Web: www.beaufield.com

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.

Read the rest of the article at https:

Beaufield Resources Inc.

PRODUCER
CODE : BFD.V
ISIN : CA0743271078
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Beaufield Res. is a nickel and palladium producing company based in .

Beaufield Res. produces nickel, palladium, gold in Canada, and holds various exploration projects in Canada.

Its main asset in production is HIAWATHA GOLD MINE in Canada and its main exploration properties are CASA BERARDI QUEBEC, MAINSTREET, TROILUS / TORTIGNY, OPINACA, NORTHERN EAGLE GOLD, OPI-WEST, RAGLAN UNGAVA, LAB, TORTIGNY, LAC ROULEAU, HEMLO, LAC EVANS/STORM LAKE and MAINSTREET (LOUVICOURT TWP) in Canada.

Beaufield Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 26.1 millions as of today (US$ 20.0 millions, € 17.4 millions).

Its stock quote reached its highest recent level on May 12, 2006 at CA$ 1.27, and its lowest recent point on February 05, 2016 at CA$ 0.03.

Beaufield Res. has 180 280 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Beaufield Resources Inc.
2008 Annual report
Nominations of Beaufield Resources Inc.
6/3/2013Announces Appointment of New CEO and President
7/21/2011Peter G. White Joins Beaufield Board
3/29/2011Grant of 400,000 stock options
3/29/2011John MacLatchy Joins Beaufield Board
Project news of Beaufield Resources Inc.
7/2/2016Beaufield undertakes geophysics for more drilling at Urban
2/18/2014Inc=2E : Melkior Intersects 6=2E20 g/t Gold Over 10=2E5 Metr...
9/20/2013(Opinaca)Announces Results at the Opinaca (Eleonore) Project
12/11/2012(Tortigny)Initiates VTEM Airborne Geophysical Survey in the Vicinity o...
7/12/2011(Schefferville)Commences 2011 Schefferville Iron Exploration
6/27/2011(Tortigny)Completes Tortigny Drilling
5/27/2011(Schefferville)Starts Fieldwork for Iron at Schefferville
3/1/2011(Casa Berardi Quebec)Options its Casa Berardi Project to Actus Minerals
2/4/2011(Tortigny)Reports Assays From First Four Holes From Tortigny
Corporate news of Beaufield Resources Inc.
7/28/2016Beaufield completes $537,500 Institutional Lead Flow-Through...
7/13/2016Beaufield issues clarification on Troilus Lithium Property
7/13/2016Beaufield options Moblan area Lithium Claims to Hinterland M...
7/6/2016Beaufield drills next to Bonterra Gladiator
7/2/2016Beaufield drills Urban property
7/2/2016Beaufield expands drill program at Urban
6/21/2016Beaufield developing more drill targets in Urban
5/26/2016Beaufield Enters into an Investor Relations Agreement
4/26/2016Beaufield stakes Lithium claims at the Moblan Deposit near T...
4/25/2016April 25, 2016 - Winter Drilling Completed on the Urban Town...
1/22/2016Beaufield Grab Samples 6.4 g/t Gold, 36.1 g/t Silver, 3.1% C...
1/19/2016Beaufield Announces Date of Annual Meeting of Shareholders
1/11/2016Beaufield Grants Stock Options to New Director
1/8/2016Beaufield Announces Director Resignation and Vice President ...
12/21/2015Beaufield Grants Stock Options to New Director
10/27/2015Beaufield Appoints William Deluce to the Board
10/22/2015Beaufield Reports on Urban 2015 Discoveries
10/19/2015Beaufield Completes a Private Placement of $200,000
10/13/2015Beaufield Completes 1,693 Metres of Drilling at Urban
10/9/2015Beaufield Completes a Private Placement of $200,000
9/14/2015Beaufield Begins Drilling at Urban
7/17/2015Beaufield announces 2015 field program
4/2/2015Beaufield Resources Inc.: Geophysics Completed in Urban Town...
2/27/2015Beaufield Resources Reports Annual General Meeting Results
2/26/2015Urbana Corporation and Beaufield Resources undertake geophys...
1/23/2015Beaufield Announces Date of Annual Meeting of Shareholders
11/25/2014Urbana Corporation and Beaufield Resources Enter Into Joint ...
11/14/2014Urbana Corporation and Beaufield Resources Enter Into Joint ...
10/28/2014Beaufield Grants Stock Options
9/22/2014Beaufield Discovers New Showing Assaying 1.95% Cu, 28.2 g/t ...
9/4/2014Beaufield Resources Inc.: Geologica to Complete a NI 43-101 ...
8/14/2014Beaufield Follows Up on High Grade Sample Results
8/7/2014Beaufield Files NI 43-101 Updated Technical Report for its T...
8/1/2014Beaufield Assays 20.0 g/t Gold, 54.9 g/t Ag and 2.4% Copper ...
7/22/2014Beaufield Intersects 2.64 g/t Gold Over 11.60 Metres on Surf...
7/21/2014Beaufield Reports an Updated Resource Estimate for the Torti...
7/16/2014Beaufield Commences Summer Exploration Program at its Eleono...
6/27/2014Beaufield and Melkior advance and expand work on Launay
6/26/2014Beaufield and Melkior Advance and Expand Work on Launay
6/17/2014Beaufield Resources Inc.: Exploration at Urban Property Debu...
5/28/2014Beaufield 2014 Exploration Activities Update
5/7/2014Beaufield Expands Holdings at Urban
4/29/2014Beaufield Appoints Investment Banking Veteran to the Board
4/25/2014Beaufield Expands Launay Property
4/9/2014Beaufield Enters into an Investor Relations Agreement with M...
10/7/2013Expands Drilling Program at Urban Gold
9/12/2013Intercepts 34.7 g/t Au in Drilling at Urban
9/4/2013(Opinaca)Drills 2321 Metres at Opinaca
8/21/2013Continues to Drill at Urban Gold
7/24/2013Reports Massive Sulfides Boulder at =?ISO-8859-1?Q?=20Troilu...
7/18/2013to Begin Drilling at Urban
5/1/2013Plans $2,000,000 Exploration in 2013
3/18/2013Resumes Exploration Focus
2/19/2013Announces the Signing of an Exclusivity Agreement and Letter...
1/11/2013(Tortigny)Files NI 43-101 Technical Report for its Tortigny Resource E...
10/10/2012Announces Nomination of President and CEO
10/4/2012Closes $2 Million Private Placement with Hongkong Huaxin Pet...
4/20/2011(Tortigny)Reports Assays From Eight Holes From Tortigny
4/6/2011Continues Drilling, Expands Land Position in Key Areas and U...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (BFD.V)Other OTC (BFDRF)
0.145+7.41%0.100+11.11%
TSX-V
CA$ 0.145
10/18 16:58 0.010
7.41%
Prev close Open
0.135 0.140
Low High
0.140 0.150
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.145 -%
Volume 1 month var.
3,059,259 -%
24hGold TrendPower© : -3
Produces Gold
Develops
Explores for Copper - Gold - Iron - Lead - Manganese - Molybdenum - Nickel - Platinum - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/27/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.73-1.90%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.26-0.53%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.58-0.35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.49-0.40%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.41-1.34%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20-2.38%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.72-0.86%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.68-1.39%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+3.03%Trend Power :