January 15, 2009 (TSX-V: BYV)
NEWS RELEASE
Rainy River Resources Identifies 2 Main Gold Zones on
Bayfield?s Burns? Block NW, Ontario
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the ?Company?) announces it has received results from a drill program completed by Rainy River Resources Ltd. (TSX-V: RR) on Bayfield?s Burns? Block located within Rainy River?s main block in the Richardson Township, Rainy River District of northwestern Ontario.
Rainy River Ontario Claims Map:
http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf
In the fall of 2008, Rainy River Resources Ltd. completed 3332 metres of diamond drilling on the Bayfield option. Drilling on the Burns? Block by Rainy River Resources has identified 2 main zones of gold mineralization.
One of these main zones is the eastward continuation of the #17 Zone of Rainy River Resources. (*Collared on RR ground).
Hole # |
From (m) |
To (m) |
Width (m) |
Au g/t |
Level (m) |
NR08-283 |
501.5 |
506.0 |
4.5 |
7.30 |
-400 |
NR08-258* |
524.0 |
528.5 |
4.5 |
4.62 |
-420 |
NR08-189* |
454.0 |
458.5 |
4.5 |
11.91 |
-375 |
The second gold zone is in the north part of the Burns? Block in previously unexplored stratigraphy.
Hole # |
From (m) |
To (m) |
Width (m) |
Au g/t |
NR08-283 |
497.0 |
507.5 |
10.5 |
3.54 |
including |
501.5 |
506.0 |
4.5 |
7.30 |
NR08-294 |
263.0 |
267.5 |
4.5 |
2.24 |
NR08-296 |
267.0 |
292.5 |
25.0 |
0.89 |
including |
270.0 |
279.0 |
9.0 |
1.68 |
NR08-304 |
168.5 |
212.0 |
43.5 |
0.78 |
including |
178.5 |
183.0 |
4.5 |
2.00 |
including |
204.0 |
208.5 |
4.5 |
3.00 |
Rainy River Resources declined to continue the option on this ground and the rights have reverted to Bayfield Ventures Corp (100%).
A comprehensive report on the drilling results on the Burns? Block has been received from Rainy River Resources Ltd. by Bayfield Ventures Corp. The complete digital data set is being integrated into the Bayfield?s database that includes the fall of 2008 drill results on the Company?s ?B? Block.
The recent drill results from Rainy River Resources and Bayfield Ventures demonstrate that the gold bearing system that hosts the #17 gold zone has a far bigger footprint than previously thought and that entirely new deposits are likely within this system.
The new intercepts are being incorporated into a larger model framework that will help identify prospective new deposit areas on ground held by Bayfield.
Bayfield Ventures also completed 1192 metres of drilling in 4 holes on the Company?s ?B? Block (northeast of the Company?s Burns? Block) in November 2008. These holes were of a reconnaissance nature with all holes encountering anomalous to strongly anomalous gold over widths of 10 to 30 metres. Drill hole RR08-2 encountered 5.7 grams per tonne gold over 2 metres between 257 and 259 metres in the hole.
David J. Busch, B.A., B.Sc., PGeo., is the qualified person under the meaning of National Instrument 43-101 and has reviewed the data in this News Release.
Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario. Property partners include Goldcorp.
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 Huston?
Donald C. Huston
President
Shares Issued & Outstanding 20.1 Million Shares |