| | Publié le 17 octobre 2013 | Drills 4.5 metres of 9.82 g/t Au & 52.10 g/t Ag at East Burns Intrepid Zone, Rainy River District, |
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Thursday, October 17, 2013 |
News Release |
Bayfield Drills 4.5 metres of 9.82 g/t Au & 52.10 g/t Ag at East Burns Intrepid Zone, Rainy River District, NW Ontario
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (OTC Pink: BYVVF) (Frankfurt: B4N) is pleased to announce further assays results from the continuing exploration drill program at the Company's Burns Block gold-silver project, Rainy River district, north-western Ontario. The Burns Block is located adjacent to the east of New Gold's (TSX: NGD) multi-million ounce Rainy River gold-silver deposit and adjacent to the west of New Gold's expanding Intrepid gold-silver zone.
Highlights:
- East Burns Intrepid gold-silver zone being extended down plunge by the Company's current exploration drill program
- Hole RR13-11W2 intersected 4.5 metres of 9.82 g/t gold and 52.10 g/t silver within a wider zone of 16.5 metres of 3.77 g/t gold and 19.32 g/t silver
- Hole RR13-11W2 includes an upper zone of 4.5 metres of 2.95 g/t gold and 15.93 g/t silver within a wider zone of 7.5 metres of 2.08 g/t gold and 10.44 g/t silver
- Hole RR13-11W3 intersected two zones of 3 metres of 3.64 g/t gold and 5.40 g/t silver and 3 metres of 2.38 g/t gold and 4.05 g/t silver
- Assays pending for completed hole RR13-12
- Extension drilling continues at East Burns Intrepid Zone
Strong, poly metallic base metal veining has been intersected in all completed holes. Gold and silver assays for holes RR13-11W2 and RR13-11W3 are summarized in the table below.
Results of Intrepid Zone Extension Exploration and Near Term Exploration Plans:
The Intrepid gold-silver zone on Bayfield's Burns Block is being extended down plunge by the Company's current exploration drill program.
Hole RR13-11W2 returned 16.5 metres of 3.77 g/t gold and 19.32 g/t silver including a higher grade interval from 672.5 metres down hole of 4.5 metres of 9.82 g/t gold and 52.10 g/t silver. Hole RR13-11W2 also includes an upper zone of 7.5 metres of 2.08 g/t gold and 10.44 g/t silver including a higher grade interval from 653 metres down hole of 4.5 metres of 2.95 g/t gold and 15.93 g/t silver.
Hole RR13-11W2 encountered native gold localized within cracks in highly deformed grey quartz-pyrite veins. The zone with logged native gold correlated exactly with the highest assay intervals in the mineralized zone.
The comparison of logging and assay results for the RR13-11 mother hole and wedge hole W1, W2 and W3 continues to show both that the Intrepid Shoot is continuing strongly down plunge and that strong zoning of precious metal mineralization is present within the shoot. The mother hole cut the shoot deeper than any of the wedge holes and had the strongest precious metal mineralization of the RR13-11 Wedge Complex.
Following completion of holes RR13-11W2 and RR13-11W3, Bayfield moved the rig 30 metres southwest to continue the Company's down plunge Intrepid Zone exploration with the completion of hole RR13-12 with assays pending.
Further down plunge drilling of the lower portion of the Intrepid Shoot is being targeted to continue to follow the very high grade gold mineralization intersected in RR13-11 (528 g/t gold over 1.5 metres within a strongly mineralized 7.5 metre down hole interval, announced Oct. 1st).
Final assay results of holes RR13-11W2 and RR13-11W3 are presented in the table below.
Drill Hole |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
AuEq (g/t) |
RR13-11W2 |
624.50 |
626.00 |
1.50 |
0.52 |
2.40 |
0.57 |
|
644.00 |
645.50 |
1.50 |
0.68 |
6.30 |
0.81 |
|
650.00 |
657.50 |
7.50 |
2.08 |
10.44 |
2.29 |
including |
653.00 |
657.50 |
4.50 |
2.95 |
15.93 |
3.27 |
|
662.00 |
678.50 |
16.50 |
3.77 |
19.32 |
4.16 |
including |
672.50 |
677.00 |
4.50 |
9.82 |
52.10 |
10.86 |
RR13-11W3 |
635.00 |
638.00 |
3.00 |
0.65 |
2.65 |
0.70 |
|
642.50 |
645.50 |
3.00 |
3.64 |
5.40 |
3.75 |
|
656.00 |
659.00 |
3.00 |
2.38 |
4.05 |
2.46 | * g/t = grams per metric tonne * The true width lengths are estimated to be approximately 55%-65% of down hole interval * AuEq (gold equivalent) values calculated at a 50 to 1 (silver price to gold price) ratio and metallurgical recoveries and net smelter returns are assumed to be 100% * The intervals were determined using .35 g/t gold cut-off grade with a maximum gap of 3.0 metres between intervals below the cut-off grade
The East Burns Intrepid gold-silver zone is strongly mineralized by irregular veinlets, fracture fills and clotty disseminations of dark brown sphalerite, galena, arsenopyrite and chalcopyrite. Sphalerite commonly forms 2% to 5% of mineralized intervals and assays results of >1% zinc are not uncommon. Arsenopyrite rarely makes up more than 1% to 2% of mineralized intervals but its presence is strongly correlated with the presence of gold grades >10 grams/tonne.
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 1.5 metre intervals. The core samples were analyzed for gold by 30-gm fire assay with AA finish and by gravimetric methods from assays over 5,000 ppb (over limit). Screened total metallic assays are being performed on samples assaying over 5,000 ppb. The core samples were analyzed for silver by Ag Aqua Regia-ICP finish and Ag Fire Assay-Gravimetric from assays over 100 ppm (over limit). 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.
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 most of the drilling completed and concentrated on its flagship Burns Block gold-silver project. Bayfield Ventures goal is to increase shareholder value by developing exploration projects near world-class deposits that have the potential of becoming new discoveries.
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.
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.
You can also view this News Release on our website at: http://www.bayfieldventures.com/s/NewsReleases.asp?ReportID=607962
On February 15th, Bayfield Ventures was recognized as a TSX Venture 50� company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license. The TSX Venture 50� are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors - mining, oil & gas, technology & life sciences, diversified industries and clean technology - based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2010. |
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EXPLORATEUR |
CODE : BYV.V |
ISIN : CA0727771051 |
CUSIP : 072777 10 5 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Bayfield Ventures est une société basée au Canada. Bayfield Ventures détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont GOLD CREEK, DRUM LAKE, BAIRD, BURNS BLOCK (RAINY RIVER) et C CLAIMS au Canada. Bayfield Ventures est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 17,9 millions CA$ (15,1 millions US$, 12,6 millions €). La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2008 à 0,05 CA$, et son plus haut niveau récent le 10 septembre 2010 à 1,38 CA$. Bayfield Ventures possède 74 440 000 actions en circulation. |
Dans les médias de Bayfield Ventures Corp. |
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Financements de Bayfield Ventures Corp. |
Nominations de Bayfield Ventures Corp. |
Rapports Financiers de Bayfield Ventures Corp. |
Projets de Bayfield Ventures Corp. |
17/10/2013 | Drills 4.5 metres of 9.82 g/t Au & 52.10 g/t Ag at East Burn... |
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01/10/2013 | Bayfield Intersects 1.5 Metres of 528 g=2Ft Gold & 103 g=2Ft... |
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09/08/2013 | Bayfield Drill Program to Resume at Burns Block Gold=2DSilve... |
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10/01/2013 | Bayfield Drills 15.0m of 11.06 g/t Gold and 57.05 g/t Silver... |
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03/10/2012 | Bayfield Announces Additional Burns Block Drill Results in t... |
03/10/2012 | Announces Additional Burns Block Drill Results in the Rainy ... |
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25/07/2012 | Bayfield Continues to Expand Eastern Burns Block Discovery Z... |
09/05/2012 | Bayfield Drills 13.5m of 5.13 g/t Au and 25.21 g/t Ag in Dev... |
09/05/2012 | Bayfield Drills 13.5m of 5.13 g/t Au and 25.21 g/t Ag in Dev... |
09/05/2012 | Drills 13.5m of 5.13 g/t Au and 25.21 g/t Ag in Developing E... |
29/03/2012 | Bayfield Reports 7.5m of 7.31 g/t Au, 107.95 g/t Ag and 7.9m... |
29/03/2012 | Bayfield Reports 7.5m of 7.31 g/t Au, 107.95 g/t Ag and 7.9m... |
29/03/2012 | 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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13/03/2012 | Drills 13.94 g/t Au over 3.0m within 3.46 g/t Au over 19.5m ... |
21/02/2012 | Bayfield Drills 10.5m of 3.44 g/t Au and 29.16 g/t Ag in New... |
21/02/2012 | Drills 10.5m of 3.44 g/t Au and 29.16 g/t Ag in New Southeas... |
12/12/2011 | Bayfield Reports 7.2m of 656.88 g/t Ag in Rainy River, North... |
12/12/2011 | Reports 7.2m of 656.88 g/t Ag in Rainy River, North-western ... |
29/11/2011 | 61.02 g/t Gold over 7m & 64.66 g/t Gold over 5m in Two near ... |
29/11/2011 | Bayfield Drills 61.02 g/t Gold Over 7m & 64.66 g/t Gold Over... |
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09/08/2011 | Extends Near Surface Gold-Silver Mineralization in Easterly ... |
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07/04/2011 | (Burns Block (rainy River))Earns 100% Interest in 3 Rainy River Properties, NW Ontario |
28/02/2011 | (Burns Block (rainy River))Drills 13.0 g/t Au and 70.22 g/t Ag Over 6.6m Within 39.95m ... |
17/02/2011 | (Burns Block (rainy River))Bayfield Drills 33.13 g/t Au and 208.18 g/t Ag over 2.2m wit... |
16/02/2011 | (Burns Block (rainy River))Drills 33.13 g/t Au and 208.18 g/t Ag over 2.2m within 116.6... |
01/12/2010 | (Burns Block (rainy River))Rainy River Drilling Intersects 4m of 6.17 g/t Au within 21m... |
03/08/2010 | (Burns Block (rainy River))Mobilization of Second Drill Rig |
27/05/2010 | (Burns Block (rainy River))Begins 20,000+ Metre Drill Program |
10/05/2010 | (Burns Block (rainy River))Gold Drill Program Expanded to 20,000 Metres in NW Ontario |
05/03/2010 | (Burns Block (rainy River))Drill Program Continues on "Burns" Block |
02/03/2010 | (Burns Block (rainy River))Phase One Drill Results |
11/02/2010 | (Burns Block (rainy River))Phase One Drilling Completed in NW Ontario |
08/01/2010 | (Burns Block (rainy River))Begins Rainy River Drill Program |
17/08/2009 | (Gold Creek)Phase 1 Exploration Completed on Gold Creek Property, Additi... |
24/07/2009 | (Gold Creek)Exploration Begins on Gold Creek Property in Northwestern On... |
27/05/2009 | (Burns Block (rainy River))Rainy River Resources Receives Gold Resource Update |
15/01/2009 | (Burns Block (rainy River))Rainy River Resources Identifies 2 Main Gold Zones on Bayfi... |
31/01/2008 | (Burns Block (rainy River))Initial Drill Results on Rainy River Gold Project, NW Ontari... |
03/12/2007 | (Burns Block (rainy River))Rainy River Resources to Drill Bayfield's Rainy River Proper... |
21/08/2007 | (Burns Block (rainy River))Drilling to Commence on Rainy River Claim Block "A", NW Onta... |
15/08/2007 | (Burns Block (rainy River))Rainy River Diamond Drilling Commences in NW Ontario |
28/06/2007 | (Burns Block (rainy River))Diamond Drilling to Commence in July, NW Ontario |
21/03/2007 | (Burns Block (rainy River))Geological Report Filed on Rainy River Gold Project, NW Onta... |
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Communiqués de Presse de Bayfield Ventures Corp. |
30/05/2014 | Closes Final Tranche of Financings, Raises $1,126,700 |
05/05/2014 | Increases Financings to $1,750,000 |
18/02/2014 | Completes NI 43-101 Technical Report on its Rainy River "B"... |
14/01/2014 | Announces Maiden NI 43-101 Technical Report and Mineral Reso... |
26/11/2013 | Completes 2013 Drill program at Rainy River Burns Block, NW ... |
17/10/2013 | Bayfield Drills 4.5 metres of 9.82 g=2Ft Au & 52.10 g=2Ft Ag... |
09/10/2013 | Bayfield Drills 6.0 metres of 14.34 g=2Ft Gold & 61.40 g=2Ft... |
29/05/2013 | Block Booking: Rainy River and Bayfield Ventures as Possible... |
11/10/2012 | Drills 19.60m of 5.45 g/t Au and 20.63 g/t Ag at East Burns ... |
18/04/2012 | Mid-Day Breaking News Mirasol, Eagle Hill, Bayfield, and Foc... |
17/04/2012 | Noverra Watch List Report - Bayfield Ventures (TSX-V: BYV) |
23/01/2012 | Mid-Day Breaking News From Douglas Lake, Eagle Hill, El Nino... |
23/01/2012 | Expands Rainy River Exploration Program with Drilling Commen... |
23/01/2012 | Discovers Multi-Gram Gold in New Far East Zone on Burns Bloc... |
19/01/2012 | Mid-Day Breaking News From Angkor, Novadx, U3O8 Corp, Bayfie... |
12/09/2011 | Visit Management at the Toronto Gold Show |
08/09/2011 | Drills 34.50m over 1.24 g/t AuEq in Near Surface Drilling an... |
28/07/2011 | Mid-Day Breaking News From Regal, Premium, Millrock, Bayfiel... |
27/07/2011 | Clarifies Misinformation by US Newsletter Writer |
30/06/2011 | Clarifies Details of Reported Drill Intercepts |
03/06/2011 | Drills 20.35 Metres of 2.27 G/T Au and 7.76 G/T Ag at Rainy ... |
12/05/2011 | Drills 7.60m of 5.70 G/T Au and 24.27 G/T Ag Within 22.35m o... |
26/04/2011 | Bayfield Expands Rainy River Drill Program by an Additional ... |
26/04/2011 | Expands Rainy River Drill Program by an Additional 50,000 Me... |
01/03/2011 | Bayfield Drills 13.0 g/t Au and 70.22 g/t Ag over 6.6m withi... |
15/02/2011 | Ranks Third out of Ten Mining Companies to make TSX Venture ... |
07/05/2010 | $4 Million Financing Closes for Drill Program |
28/07/2009 | Louis Chastko, PGeo. Joins Advisory Board |
29/06/2009 | Acquires Two New Properties in Northwestern Ontario |
10/12/2008 | Drills 5.7 g/t Gold on its Rainy River Claim Block, Ontario |
16/09/2008 | Major Gold Intersect Discovered by Rainy River on Bayfield's... |
01/08/2008 | Rainy River Announces Results West of Bayfield's Burns Block |
05/10/2007 | Trading Halted at Company's Request Pending News |
Publication de commentaires terminée |
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