VANCOUVER, BRITISH COLUMBIA--(Aug. 9, 2013) - Bayfield Ventures Corp. (TSX VENTURE:BYV)(PINKSHEETS:BYVVF)(FRANKFURT:B4N) is pleased to announce that drilling is to resume at the Company's 100% owned mineral rights Burns Block gold-silver project located adjacent to the east of New Gold's multi-million ounce Rainy River gold-silver deposit and to the west of their expanding Intrepid gold-silver zone in north-western Ontario.
Rainy River District Gold Zones:
http://www.bayfieldventures.com/i/maps/BYV-Burns-Gold-Zones-NOV-2012.jpg
Bayfield recently completed a program of advanced geological, geotechnical and geochemical studies at Company's Burns Block and "B" Block properties. The main goal of the program was to increase confidence in the geometry, grade distribution and additional exploration potential of the up plunge and down plunge portion of the Intrepid shoot of gold-silver mineralization located in the eastern portion of the Burns Block property. While the Intrepid shoot was the main focus of the work program, the investigations also covered the high-grade gold-silver mineralized zones located in the western portion of the Burns Block as well gold and silver mineralization discovered on Bayfield's 100% owned mineral rights "B" Block property to the northeast.
Rainy River District Claims Map:
http://www.bayfieldventures.com/i/maps/BYV-RR-New-Area-11x17-Map-without-pit-May-2013.jpg
The results of the program are being used in gold-silver zone extension drilling in several areas of the Burns Block project including Intrepid zone extension exploration.
Highlights from this work program included:
- Gyro down hole surveying of selected holes in both the eastern and western Burns Block was done and results showed that the routinely collected reflex down hole survey data is accurate and can be relied on for the plotting of the position of completed holes and down hole gold-silver intercepts.
- Detailed plotting of geologic and assay results from the Intrepid zone on plan and section has resulted in identification of numerous targets for expanding the high-grade gold-silver zone both by increasing the height of the shoot within host foliated dacite and by extending the shoot further down plunge to the southwest.
- Rock Quality Data (RQD) was collected from the majority of completed holes in the Intrepid Zone. The data clearly show that quality and strength of the rock within and adjacent to the high-grade zones is excellent and that no rock quality issues would be encountered in any potential future underground development or mining.
- Additional drill targets to the west of the Intrepid zone have been identified during detailed examination of project data on plan section. These targets include opportunities to re-enter and deepen existing holes to explore in areas of known precious metal intercepts.
East Burns - Intrepid Zone Cross Section looking west:
http://www.bayfieldventures.com/i/maps/BYV-Eastern_Burns_Lookwest--nov19-(2).jpg
A drill rig and crew by Rodren Drilling Ltd. are currently being mobilized to the Burns Block with drilling expected to resume around the middle of August.
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 is fully funded to finish its planned 100,000 metre diamond drill program with drilling concentrated on the flagship Burns Block gold-silver project.
For further information on Bayfield Ventures Corp. (TSX VENTURE:BYV), visit the Company's web site at www.bayfieldventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS
James G. Pettit, Chairman and CEO
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Bayfield Ventures Corp.
Suite 1610 - 777 Dunsmuir Street
Vancouver, BC V7Y 1K4
Telephone: (604) 687-3376
Toll Free: 1-800-567-8181 | |
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.