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May 02,
2007 (TSX-V: BYV)
NEWS RELEASE
Rainy River Diamond Drilling to Commence
on Block “B” in May, NW Ontario
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) announces the successful completion of
its winter exploration program on its Block “B” project in the Rainy River
area, Northwestern Ontario. The Block
“ B” property is located in Richardson Township adjacent to the
immediate east of Rainy River Resources new gold discovery area including the
ODM zone, # 17 zone and the 433 zone.
Rainy River Ontario
Claims Map:
http://www.bayfieldventures.com/i/maps/BYV-RR-Area-all.gif
A ground grid
totaling 38 km was established on the property and was covered with a
horizontal loop electromagnetic survey and a magnetometer survey. The
property was surveyed in a tight grid fashion with lines at 50 metre
intervals to allow the Company to collect the maximum of geophysical data as
needed to establish a detailed diamond drill program for spring / summer
2007.
The
magnetic survey data clearly demonstrates the location and trend of a mafic /
ultramafic geological unit known to exist on the Block “B“
property. More importantly, the magnetic data delineates several cross
cutting faults that offset or displace the mafic / ultramafic rocks here.
Several moderate to strong bedrock conductors have also been identified with
the horizontal loop electromagnetic survey. These important conductors
correspond to areas of faulting and the margins of the mafic / ultramafic
unit.
Claim Block “B” Magnetic Survey Data:
http://www.bayfieldventures.com/i/maps/BYV-RR-B-MagSurveyData.gif
The
Company has also just completed an overburden drill program on the Block
“B” project, with tills sampled at 13 drill sites on the property
using a reverse circulation drill. Average depth of samples taken on the
“B” Block is approximately 25 metres below surface. 20 till
samples were taken with 6 till samples assaying from 150 ppb gold to in
excess of 32,000 ppb gold have been identified by Overburden Drilling
Management Ltd Laboratory. These samples are located just down ice from 2 of
the strong conductors identified on Block “B” and appear related
to a north-northeast trending crosscutting structure.
Claim Block “B” Overburden Drill Holes with
Gold Assays:
http://www.bayfieldventures.com/i/maps/BYV-RR-B-ppm-au.gif
Bayfield Ventures believes
that the coincidence of geological structure, bedrock conductivity, and
strongly anomalous gold in till suggest these targets have very high
potential to host gold mineralization. The Company is of the opinion that the
moderate to strong conductors associated with the mafic / ultramafic
rocks are similar to the #433 zone and the # 17 zone on the adjoining Rainy
River Resources property.
A drill
program consisting of 5 – 6 holes is planned as an initial test of both
the structural and conductive settings on the property. The drill program
will commence end of May, 2007.
See web
site for attached figures showing magnetic data, conductors, drill sites, and
interpreted structures.
Bayfield Ventures Corp. is
actively involved in the exploration for gold in Northwestern Ontario and
copper-gold and coal in the South Gobi region of Mongolia. Property partners
include Goldcorp and BHP Billiton.
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
“Don Myers”
DONALD G. MYERS
Director
Shares Issued & Outstanding
17.2 Million Shares
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