Bayfield's Rainy River Drilling Intersects 7m of 3.11 g/t Au within 25m of 1.26 g/t Au, and 5m of 3.07 g/t Au within 20m of 1.00 g/t Au
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Suite 2230 - 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
www.bayfieldventures.com
TSX-V Trading Symbol: BYV Telephone: (604)
Email:info(at)bayfieldventures.com 687-3376
Facsimile: (604)
687-3119
NEWS RELEASE
November 10, 2010
Bayfield's Rainy River Drilling Intersects 7m of 3.11 g/t Au within 25m of
1.26 g/t Au, and 5m of 3.07 g/t Au within 20m of 1.00 g/t Au
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company")
is pleased to announce additional drill results on its 100% owned Burns Block
property in the Rainy River District of north-western Ontario. The Burns Block
is situated immediately to the east and on strike to Rainy River Resources'
(TSX-V: RR) multi-million ounce gold deposit. Rainy River Resources' NI 43-101
compliant resource included 2.37 million ounces of gold at 1.3 g/t in the
indicated category and an additional 2.66 million ounces of gold at 1.2 g/t in
the inferred category.
Rainy River gold properties claims map:
http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf
Highlights:
* Confirmed continuity of near-surface gold mineralization north of hole RR10-
15 and south of the recently reported North Gold Zone
* Significant results include 7.0 metres of 3.11 g/t Au within 25.0 metres of
1.26 g/t Au in hole RR10-32, and 5.0 metres of 3.07 g/t Au within 20.0
metres of 1.00 g/t Au in hole RR10-33
* Continuing to define shallow, bulk-tonnage gold mineralization on the Burns
Block
* Assays pending for the first seven infill holes drilled between the high
grade zones in RR10-18 and RR10-15; two rigs actively exploring this area
Following completion of hole RR10-31, located in the North Zone, the rig was
moved to a position north of discovery hole RR10-15 to begin exploring for the
continuity of gold mineralization between hole RR10-15 and the North Zone. The
results reported here confirm this continuity and further demonstrate that near-
surface gold mineralization on the Burns Block is consistent with near-surface
mineralization in Rainy River Resources' deposit. A total of five shallow holes
were drilled (RR10-32 to RR10-36). All of the assays are presented in the table
below.
Updated Burns Block drilling exploration map:
http://www.bayfieldventures.com/i/maps/BYV_Burns_Exploration_Map_July_2010.jpg
Gold Assay Results for Burns Block:
+------------+-------+-------+----------+--------+--------------+------------+
| DRILL HOLE | AZ. ° | DIP ° | FROM (m) | TO (m) | INTERVAL (m) | GOLD (g/t) |
+------------+-------+-------+----------+--------+--------------+------------+
| RR10-32 | 358 | 75 | 151.00 | 183.00 | 32.0 | 1.02 |
| | | | | | | |
| including | | | 154.00 | 179.00 | 25.0 | 1.26 |
| | | | | | | |
| including | | | 163.00 | 170.00 | 7.0 | 3.11 |
| | | | | | | |
| including | | | 169.00 | 170.00 | 1.0 | 10.60 |
| | | | | | | |
| | | | | | | |
+------------+-------+-------+----------+--------+--------------+------------+
| RR10-33 | 358 | 45 | 134.00 | 174.00 | 40.0 | 0.79 |
| | | | | | | |
| including | | | 134.00 | 154.00 | 20.0 | 1.00 |
| | | | | | | |
| including | | | 147.00 | 152.00 | 5.0 | 3.07 |
| | | | | | | |
| including | | | 148.00 | 149.00 | 1.0 | 9.83 |
| | | | | | | |
| including | | | 165.00 | 166.00 | 1.0 | 1.45 |
| | | | | | | |
| | | | | | | |
+------------+-------+-------+----------+--------+--------------+------------+
| RR10-34 | 358 | 75 | 124.00 | 180.00 | 56.0 | 0.19 |
| | | | | | | |
| including | | | 171.00 | 172.00 | 1.0 | 1.31 |
| | | | | | | |
| | | | | | | |
+------------+-------+-------+----------+--------+--------------+------------+
| RR10-35 | 358 | 45 | 93.00 | 138.00 | 45.0 | 0.21 |
| | | | | | | |
| including | | | 135.00 | 137.00 | 2.0 | 1.05 |
| | | | | | | |
| | | | | | | |
+------------+-------+-------+----------+--------+--------------+------------+
| RR10-36 | 358 | 60 | 106.00 | 149.00 | 43.0 | 0.54 |
| | | | | | | |
| including | | | 111.00 | 115.00 | 4.0 | 1.24 |
| | | | | | | |
| including | | | 120.00 | 121.00 | 1.0 | 1.17 |
| | | | | | | |
| including | | | 126.00 | 127.00 | 1.0 | 1.00 |
| | | | | | | |
| including | | | 129.00 | 130.00 | 1.0 | 1.22 |
| | | | | | | |
| including | | | 131.00 | 132.00 | 1.0 | 1.04 |
| | | | | | | |
| including | | | 147.00 | 149.00 | 2.0 | 1.28 |
| | | | | | | |
| including | | | 148.00 | 149.00 | 1.0 | 1.59 |
+------------+-------+-------+----------+--------+--------------+------------+
* g/t = grams per metric tonne
* Mineralized intervals in table 1 above are estimated to be 85% to 95% of true
width
Jim Pettit, CEO of Bayfield Ventures, stated: "The results reported here
continue to verify that the near-surface, bulk-tonnage gold mineralization on
the central to northern section of the Burns Block would be conducive to the
potential extension of an open pit scenario. The Company has yet to report on
any infill drilling between the high grade holes 15 and 18. The delineation of
the 400 metre linear plunge distance between the two holes has been of top
priority and two rigs continue to work on this area."
Geological Discussion of Gold Assay Results from Holes RR10-32 to RR10-36:
A major fault zone was intersected in RR10-36 from 98 to 101 metres down hole.
This structure appears to cross-cut the mineralized zone and has likely offset
the higher grade gold mineralization north of hole RR10-15. More drilling is
required in the area between RR10-15 and the north property boundary to properly
explore for the up-dip extension of the high grade target.
In all areas explored at the Burns Block to date, higher grade mineralization is
found where intense sericite alteration is fading and chlorite veinlets begin to
appear. This alteration boundary is likely to continue to the east within the
overall mineralization envelope developed in the dacite host rocks.
Exploration Potential:
After completing holes RR10-32 to RR10-36, the drill rig was moved just north of
high grade hole RR10-18 in the southwest corner of the Burns Block. Infill holes
are being drilled in this area to test the 400 metre linear plunge distance
between the shallower high grade zone in RR10-15 and the deeper high grade zone
in RR10-18. A second drill rig has also been moved just to the east of hole
RR10-18 to accelerate the exploration of this high grade gold zone. A total of
seven holes have now been completed in this area and assays are pending.
The exploration potential of the Burns Block property to the east of currently
completed drilling has recently been upgraded by completion of surface mapping
and rock chip sampling. Altered and mineralized dacite volcanic rocks extend
completely across the property from west to east. Recently collected surface
grab samples have returned gold values in excess of 1 g/t Au. The data is being
compiled and follow-up sampling is planned prior to drilling.
Bayfield is still at a very early stage of exploration on its Burns Block
property with approx. 20,000 metres of drilling completed out of 50,000 metres.
The Company plans to continue to release drill results in series from the zones
they were drilled in.
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 metre intervals. The core samples were
analyzed for gold by 30-gm fire assay with AA finish and by gravimetric methods
from assays over 3000 ppb (over limit). Screened total metallic assays are being
performed on samples assaying over 10,000 ppb. 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.
Shane Hu, P.Geo., Project Geologist for Bayfield Ventures is the Qualified
Person, as defined by National Instrument 43-101 and supervised both the project
field and the preparation of the technical information in this release.
About Bayfield Ventures Corp.:
Bayfield Ventures Corp. is exploring for gold in the Rainy River District of
north-western Ontario.
The Company has approximately 50.5 million shares outstanding and over $8
million in its treasury.
For further information on Bayfield Ventures Corp. (TSX-V: BYV), visit the
Company's web site atwww.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(at)bayfieldventures.com
Other Contact:
Envoy Strategic Partners Investor Relations
Jay Bedard
Telephone: 416-977-7778
Email:jay(at)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 news release may contain certain "Forward-Looking Statements" that may
involve a number of risks and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements. For a more detailed
discussion of such risks and other factors, refer to the Company's filings with
Canadian Securities regulators available onwww.sedar.com.
[HUG#1461320]
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Source: Bayfield Ventures Corp. via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 10.11.2010 - 23:08 Uhr
Sprache: Deutsch
News-ID 48640
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"Bayfield's Rainy River Drilling Intersects 7m of 3.11 g/t Au within 25m of 1.26 g/t Au, and 5m of 3.07 g/t Au within 20m of 1.00 g/t Au"
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