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Bayfield Ventures Corp.

Publié le 10 mai 2010

Gold Drill Program Expanded to 20,000 Metres in NW Ontario

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Monday, May 10, 2010 News Release

Rainy River Gold Drill Program Expanded to 20,000 Metres in NW Ontario



Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") is pleased to report that it has significantly expanded its Rainy River drill program. A minimum of 20,000 metres of diamond drilling will be completed by the Company on its Rainy River district gold properties.

The drilling will focus on establishing gold continuity and grade at depths within the shell of a potential open pit mine. The objective of this drill program is to continue to explore and expand the extension and continuity of gold mineralization that is being delineated in the ODM17 and North Zones by Rainy River Resources (TSX-V: RR) on their ground adjacent to Bayfield's properties.

Drilling will commence by mid-May on Bayfield's 100% owned Burns Block situated immediately to the east and on strike to Rainy River Resources' main ODM17 gold deposit. Additionally, a second drill rig is being contemplated for a drill program on the Company's 100% owned "B" Claim Block located immediately northeast of the Burns Block.

Rainy River gold properties claims map:
http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf

The mineralization encountered to date on Bayfield's Burns and "B" Claim Block properties occurs in the same geological environment as that on the main ODM17 Zone of Rainy River Resources to the immediate west.

Gold reserves on the Rainy River Resources property were reported on March 2, 2010 as 56,833,000 tonnes at 1.3 g/t gold indicated (2.37 million ounces) in addition to 68,930,000 tonnes at 1.2 g/t gold inferred (2.66 million ounces). These resources were arrived at using a 0.4 g/t gold cut off.

To date, ten holes (totaling 4841 metres) have been drilled and reported on Bayfield's Burns Block. This drilling has confirmed the widespread distribution of gold within two litho-structural intervals directly on strike with the ODM17 Zone and North Zone of Rainy River Resources.

Significant results from six of the holes drilled on the Burns Block include the following:

. 4.5 metres of 7.34 g/t gold in hole NR08-283
. 43.5 metres of 0.78 g/t gold including 4.5 metres of 3.0 g/t gold in hole NR08-304
. 25 metres of 0.89 g/t gold in hole NR08-296
. 4.5 metres of 2.24 g/t gold in hole NR08-294
. 61.2 metres of 0.49 g/t gold including 7.5 metres of 1.77 g/t gold within 16.5 metres of 1.20 g/t gold in hole RR10-1
. 7.0 metres of 0.72 g/t gold, 1 metre of 4.83 g/t gold, and 1 metre of 9.51 g/t gold in hole RR10-3

Burns Block and "B" Claim Block map showing drill holes:
http://www.bayfieldventures.com/i/maps/BYV-Burns-and-B-Block-Aerial.jpg

Shallow intercepts reported by Bayfield Ventures along the strike extension of the ODM17 Zone of Rainy River Resources indicate that above gold cut off grade material (0.4 g/t) continues onto the Burns Block.

The zones of mineralization occur in felsic metavolcanics within zones of stronger penetrative foliation. The foliation is near coincident with the strike and dip of the lithologies. Gold grade appears to be strongly influenced by proximity to the margins of strong sericitic alteration within the shear system. The zones strike at 120 degrees and dip at around 50 degrees to the southeast on the Burns Block property.

A four hole drill program (1192 metres in total) was completed by Bayfield on its "B" Claim Block property back in 2008. All four holes encountered wide sections of elevated to strongly anomalous gold values. Mineralization on the "B" Claim Block was encountered in felsic pyroclastics flanking a strong north-south trending growth fault on the property. In particular, significant gold values were obtained in hole RR08-2 which intersected 5.7 g/t gold over 2 metres within a 21 metre thick zone containing elevated to strongly anomalous gold values.

Bayfield Ventures has $4,000,000 in its treasury to carry out the proposed drilling on both its Burns and "B" Claim Block properties.

David J. Busch, B.A., B.Sc., PGeo., Exploration Manager, is the qualified person under the meaning of National Instrument 43-101 and has reviewed the data in this News Release.

About Bayfield Ventures Corp.

Bayfield Ventures Corp. is exploring for gold in the Rainy River and Red Lake districts of north-western Ontario.

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:
Donald G. Myers
Director
Bayfield Ventures Corp.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@bayfieldventures.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.

You can also view this News Release on our website at:
http://www.bayfieldventures.com/s/NewsReleases.asp?ReportID=398772
 
    
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Bayfield Ventures Corp.

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CODE : BYV.V
ISIN : CA0727771051
CUSIP : 072777 10 5
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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.

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Dans les médias de Bayfield Ventures Corp.
30/03/2006Corporate profile
24/03/2006Fact sheet
Rapports annuels de Bayfield Ventures Corp.
Annual Report 2007
Financements de Bayfield Ventures Corp.
18/04/2012Bayfield Ventures Arranges $2,500,000 Financing
07/04/2011Closes $5,500,000 Brokered Private Placement
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03/04/2013AGM Held- Directors Re-elected
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Rapports Financiers de Bayfield Ventures Corp.
18/07/2013Files Amended and Restated Financial Statements
Projets de Bayfield Ventures Corp.
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29/11/201161.02 g/t Gold over 7m & 64.66 g/t Gold over 5m in Two near ...
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09/08/2011Extends Near Surface Gold-Silver Mineralization in Easterly ...
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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...
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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
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05/05/2014Increases Financings to $1,750,000
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14/01/2014Announces Maiden NI 43-101 Technical Report and Mineral Reso...
26/11/2013Completes 2013 Drill program at Rainy River Burns Block, NW ...
17/10/2013Bayfield Drills 4.5 metres of 9.82 g=2Ft Au & 52.10 g=2Ft Ag...
09/10/2013Bayfield Drills 6.0 metres of 14.34 g=2Ft Gold & 61.40 g=2Ft...
29/05/2013Block Booking: Rainy River and Bayfield Ventures as Possible...
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17/04/2012Noverra Watch List Report - Bayfield Ventures (TSX-V: BYV)
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23/01/2012Expands Rainy River Exploration Program with Drilling Commen...
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19/01/2012Mid-Day Breaking News From Angkor, Novadx, U3O8 Corp, Bayfie...
12/09/2011Visit Management at the Toronto Gold Show
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28/07/2011Mid-Day Breaking News From Regal, Premium, Millrock, Bayfiel...
27/07/2011Clarifies Misinformation by US Newsletter Writer
30/06/2011Clarifies Details of Reported Drill Intercepts
03/06/2011Drills 20.35 Metres of 2.27 G/T Au and 7.76 G/T Ag at Rainy ...
12/05/2011Drills 7.60m of 5.70 G/T Au and 24.27 G/T Ag Within 22.35m o...
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26/04/2011Expands Rainy River Drill Program by an Additional 50,000 Me...
01/03/2011Bayfield Drills 13.0 g/t Au and 70.22 g/t Ag over 6.6m withi...
15/02/2011Ranks Third out of Ten Mining Companies to make TSX Venture ...
07/05/2010$4 Million Financing Closes for Drill Program
28/07/2009Louis Chastko, PGeo. Joins Advisory Board
29/06/2009Acquires Two New Properties in Northwestern Ontario
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05/10/2007Trading Halted at Company's Request Pending News
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