Bayfield Drills 61.02 g/t Gold over 7m & 64.66 g/t Gold over 5m in Two near surface Infill Holes at Burns Block in Rainy River, NW Ontario
(Thomson Reuters ONE) -
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 29, 2011
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (Frankfurt: B4N) (the
"Company") is pleased to announce additional high grade gold and silver
intercepts on its 100% owned Burns Block property in the Rainy River District of
north-western Ontario. The Burns Block is situated adjacent to the east and on
strike to Rainy River Resources' (TSX: RR) multi-million ounce gold deposit.
Rainy River gold properties claims map:
http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf
Highlights:
* East to west oriented infill drill holes (54 degrees, 60 degrees and 65
degrees dips) have been successfully completed to test for the lateral and
vertical continuity of the bonanza grade gold and silver mineralization
reported previously for hole RR11-71 (see news release June 27, 2011).
* Hole RR11-180 intercepted 30 metres grading 12.98 g/t Au including 5 metres
of 64.66 g/t Au at a vertical depth of 40 metres.
* Hole RR11-181 intercepted 33 metres grading 13.73 g/t Au including 7.20
metres of 61.02 g/t Au (silver assay pending).
* Hole RR11-182 intercepted 12.00 metres of 9.53 g/t Au and 31.35 g/t Ag.
* Total vertical distance between these three holes within the high grade zone
is approx. 12 metres.
* A forth east to west oriented infill drill hole (45 degree dip) passed over
the zone within till cover but did intersect 15 metres of 2.89 g/t gold and
23.02 g/t silver in a separate zone to the west.
* Three dimensional modeling of these near surface intercepts is underway and
will be extended to include the total width along the north and far north
fences for which mineralization of greater than 5.0 g/t Au has been
discovered. This width is currently at approximately 130 metres west to
east.
* Silver assays for these east west holes are only partially received.
* Assays for sixteen additional completed holes are pending.
Discussion of Current Western High Grade Area Delineation Drilling Results:
Recently, Bayfield initiated the drilling of a series of holes drilled on due
west azimuths in the northwest corner of the Burns Block. The purpose of these
drill holes is two fold: to further delineate known high grade gold and silver
zones and to explore for additional electrum bearing fracture zones between the
existing pattern of north facing dill holes.
Currently, the Company has three set-ups for these east-west drill holes in
order to test the lateral thicknesses and vertical extensions of the bonanza
grade gold zones previously intercepted in holes RR11-71, RR10-15 and RR10-52.
Updated Burns Block drill hole location map:
http://www.bayfieldventures.com/i/maps/BYV_Burns_Exploration_Map_July_2010.jpg
The initial results from these east-west infill drill holes are highly
encouraging. Drill hole RR11-180 intercepted 30.00 metres grading 12.98 g/t Au
and 39.65 g/t Ag at a vertical depth of 40 metres. The length of this intercept
demonstrates that the high grade zone intercepted in hole RR11-71 (11.2 metres
of 60.05 g/t Au and 362.96 g/t Ag) has significant lateral width to it from
east-west. It also illustrates that the high grade drill intercept reported in
RR11-71 did not result from down-dip drilling through a narrow high grade
structure. This fact is also supported by hole RR11-181 which intercepted 7.20
metres of 61.02 g/t Au (silver assay pending). Drill hole RR11-182 intercepted
12.00 metres of 9.53 g/t Au and 31.35 g/t Ag and was drilled 5 degrees below
hole RR11-180 from the same collar.
Table 1: East to West Drill Holes
+----------+--------+------+------------+--------+--------+--------+-----------+
| | | | | | | AuEq | |
|Drill Hole|From (m)|To (m)|Interval (m)|Au (g/t)|Ag (g/t)| (g/t) |Drill Fence|
+----------+--------+------+------------+--------+--------+--------+-----------+
| RR11-180 | 26.00 |32.00 | 6.00 | 0.15 | 14.88 | 0.45 | Far North |
| | | | | | | | |
| | 40.00 |41.00 | 1.00 | 0.16 | 11.00 | 0.38 | Drilled |
| | | | | | | | |
| | 47.00 |77.00 | 30.00 | 12.98 | 39.65 | 13.77 | east-west |
| | | | | | | | |
|including | 47.00 |66.50 | 19.50 | 19.85 | 56.48 | 20.98 | to RR11-71|
| | | | | | | | |
|including | 47.00 |61.00 | 14.00 | 27.30 | 59.46 | 28.49 | intercept |
| | | | | | | | |
|including | 52.00 |57.00 | 5.00 | 64.66 | 89.12 | 66.44 | |
+----------+--------+------+------------+--------+--------+--------+-----------+
| RR11-181 | 44.00 |77.00 | 33.00 | 13.73 | 37.82 | 14.49 | Far North |
| | | | | | | | |
|including | 48.40 |58.00 | 9.60 | 46.30 | 92.82 | 48.16 | Drilled |
| | | | | | | | |
|including | 49.80 |57.00 | 7.20 | 61.02 |pending | 61.02 | east-west |
| | | | | | | | |
| | 86.00 |99.50 | 13.50 | 1.05 | 18.97 | 1.43 | to RR11-71|
| | | | | | | | |
| | | | | | | | intercept |
+----------+--------+------+------------+--------+--------+--------+-----------+
| RR11-182 | 22.90 |33.50 | 10.60 | 0.15 | 12.64 | 0.40 | Far North |
| | | | | | | | |
| | 44.00 |48.50 | 4.50 | 0.20 | 7.93 | 0.36 | Drilled |
| | | | | | | | |
| | 53.00 |81.50 | 28.50 | 4.14 | 17.91 | 4.50 | east-west |
| | | | | | | | |
|including | 54.50 |66.50 | 12.00 | 9.53 | 31.35 | 10.16 | to RR11-71|
| | | | | | | | |
|including | 59.00 |65.00 | 6.00 | 16.62 | 40.98 | 17.44 | intercept |
| | | | | | | | |
| | 87.50 |90.50 | 3.00 | 0.97 | 40.40 | 1.78 | |
| | | | | | | | |
|including | 87.50 |89.00 | 1.50 | 1.65 | 58.60 | 2.82 | |
| | | | | | | | |
| | 96.50 |101.00| 4.50 | 0.41 | 21.13 | 0.83 | |
| | | | | | | | |
|including | 98.00 |99.50 | 1.50 | 0.68 | 36.20 | 1.40 | |
+----------+--------+------+------------+--------+--------+--------+-----------+
| RR11-184 | 30.00 |44.00 | 14.00 | 0.18 | 11.42 | 0.41 | Far North |
| | | | | | | | |
| | 48.50 |77.00 | 28.50 | 0.43 | 9.50 | 0.62 | Drilled |
| | | | | | | | |
|including | 48.50 |66.50 | 18.00 | 0.53 | 9.70 | 0.72 | east-west |
| | | | | | | | |
| | 92.00 |107.00| 15.00 | 2.89 | 23.02 | 3.35 | to RR11-71|
| | | | | | | | |
| | | | | | | | intercept |
+----------+--------+------+------------+--------+--------+--------+-----------+
| RR11-185 | 113.00 |114.50| 1.50 | 1.04 | 0.20 | 1.04 | Central |
| | | | | | | | |
| | 189.50 |195.50| 6.00 | 0.39 | 17.85 | 0.75 | Drilled |
| | | | | | | | |
|including | 189.50 |192.50| 3.00 | 0.69 | 28.50 | 1.26 | east-west |
| | | | | | | | |
| | 246.50 |252.50| 6.00 | 0.42 | 12.00 | 0.66 |to RR10-15 |
| | | | | | | | |
|including | 249.50 |251.00| 1.50 | 0.83 | 24.60 | 1.32 | intercept |
| | | | | | | | |
| | 261.80 |264.50| 2.70 | 1.95 | 40.08 | 2.75 | |
+----------+--------+------+------------+--------+--------+--------+-----------+
* g/t = grams per metric tonne
* The down hole interval lengths are estimated to be approximately 65%-95% of
true width
* AuEq (gold equivalent) values calculated at a 50 to 1 (gold price vs. silver
price) ratio and metallurgical recoveries and net smelter returns are assumed to
be 100%
* The intervals were determined using a 0.35 g/t gold equivalent cut-off grade
with a maximum gap of 3.0 metres between intervals below the cut-off grade
The geometry of the three holes RR11-180, RR11-181 and RR11-182 produces
approximately 12 metres of vertical continuity of the high grade zone along with
highly variable but significant east-west continuity ranging from 7.2 to 30
metres. This high grade gold and silver zone is near surface and well above 100
metres vertical depth.
The highest grade portions of these intercepts have similar mineralogy,
including coarse gold, electrum, dark brown sphalerite and locally abundant
galena. The structure and alteration are also similar to identical in each
intercept.
Three points are worthy of highlighting given the results stated above:
1. Previous Hole RR11-71 (11.2 metres of 60.05 g/t Au and 362.96 g/t Ag)
intersected a robust zone of bonanza grade gold-silver mineralization.
2. The zone has complex geometry including highly variable east-west width.
3. More drilling is needed to define both the upper and lower extents of high
grade mineralization and to help determine whether this high grade
mineralization is in fact the upper portion of similar grade material
intersected in previously drilled holes RR10-15, RR10-18 and RR10-52 to the
south.
Surrounding these high grade zones on the western portion of the Burns Block is
a pervasive, lower grade mineralized envelope. This envelope is significant to
the overall value of the gold and silver mineralization hosted at the Burns
Block. The mineralization commences immediately under 15 to 25 metres of glacial
till cover in the northwest corner of the property. Bayfield continues to see
high variability in gold and silver content of the mineralized intervals.
Three dimensional modeling of the near surface gold and silver intercepts is
underway and will be extended to include the total width along the north and far
north fences for which mineralization of >5.0 g/t Au has been discovered. This
width is currently at approximately 130 metres west to east on the Burns Block.
The high grade mineralization is complex in nature and contains both gold-rich
and silver-rich portions as well as intercepts that are very rich in both gold
and silver. Work is underway to help determine the mineralogy of the silver
mineralization in several drill holes in the northwest portion of the Burns
Block. The pattern of strong gold and silver mineralization being in swarms of
mm-scale cracks filled with sulfides and electrum continues to be present.
However, detailed examination of the gold intercepts has revealed the presence
of coarse gold in pyrite clots away from the electrum filled cracks suggesting
the possibility that at least two gold mineralization events are present at the
Burns Block project. The gold, electrum and galena filled cracks are dominantly
oriented at low to sub-parallel angles to the core axis in the north-south
oriented drill holes and at higher angles to the core axis in the east-west
oriented holes. This geometry continues to strongly suggest that relatively
late, largely north-south oriented fractures were a primary location for
deposition of high grade mineralization at the Burns Block.
East Burns Block Exploration Drilling:
Current drilling near the east boundary of the Burns Block is being carried out
to test the high magnetic and conductive geophysical anomaly reported last
December. Initial logging results show the anomaly is related to magnetite-
sulfide alteration of mafic volcanic rocks. The main sericite altered zone
target has been intersected below the mafic rocks and a significant interval of
dark brown sphalerite, galena, chalcopyrite and arsenopyrite mineralization has
been found and is in for assay.
Additional holes have also been completed in the eastern portion of the Burns
Block. Logging results show the main and lower sericite altered zones increasing
in both width and internal complexity. Assays are pending for these drill holes.
Current Exploration Summary:
Bayfield is currently continuing to drill east to west holes in the western
portion of the Burns Block to define the dimensions of the previously discovered
high grade zones. These holes are also designed to explore for additional,
potentially north-south striking mineralized gold and silver zones.
To the east we are continuing to drill across the main sericite altered shear
zone while also closely watching for additional mineralization in both the
hanging wall and footwall of the main zone. Additionally, we have just commenced
exploration drilling of the high magnetic/conductor anomaly identified by
geophysical work completed last December.
Bayfield still plans a further 35,000 metres of diamond drilling to be completed
on its Rainy River properties with the bulk of this drilling to be carried out
on the Burns Block. Contracting of a third rig to conduct reconnaissance
exploration of the large C Block land position to the west is still on the slate
and is considered very important. The C Block is well positioned along the
western extension of the Rainy River gold district and has had no previous
diamond drilling done. Ground conditions will be the deciding factor in whether
this exploration can be commenced this fall or whether it will have to wait
until freeze up in early 2012.
Assay Results for Additional Completed Holes:
The following additional assay results have been received since the last news
release reporting drill results (Oct. 20, 2011). They are organized by their
location on the Burns Block.
Table 2: Southwest Burns Block Quadrant Drill Holes:
+----------+--------+------+------------+--------+--------+----------+---------+
| | | | | | | | Drill |
|Drill Hole|From (m)|To (m)|Interval (m)|Au (g/t)|Ag (g/t)|AuEq (g/t)| Fence |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-144 | 666.80 |667.90| 1.10 | 0.36 | 14.50 | 0.65 | South |
| | | | | | | | |
| | 669.30 |670.70| 1.40 | 0.28 | 3.10 | 0.34 | |
+----------+--------+------+------------+--------+--------+----------+---------+
Table 3: Northwest Burns Block Quadrant Drill Holes:
+----------+--------+------+------------+--------+--------+----------+---------+
| | | | | | | | Drill |
|Drill Hole|From (m)|To (m)|Interval (m)|Au (g/t)|Ag (g/t)|AuEq (g/t)| Fence |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-149 | 47.00 |84.50 | 37.50 | 0.60 | 11.97 | 0.84 |Far North|
| | | | | | | | |
|including | 51.50 |71.00 | 19.50 | 0.96 | 17.37 | 1.31 | |
| | | | | | | | |
|including | 51.50 |54.50 | 3.00 | 2.76 | 42.20 | 3.60 | |
| | | | | | | | |
| | 93.50 |96.50 | 3.00 | 0.40 | 8.00 | 0.56 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-150 | 54.50 |86.00 | 31.50 | 0.37 | 11.24 | 0.59 |Far North|
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-151 | 56.00 |86.00 | 30.00 | 0.49 | 11.29 | 0.72 | |
| | | | | | | | |
|including | 56.00 |57.50 | 1.50 | 2.10 | 5.60 | 2.21 | |
| | | | | | | | |
| | 100.35 |101.35| 1.00 | 0.39 | 4.30 | 0.48 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-153 | 50.00 |53.00 | 3.00 | 0.22 | 8.95 | 0.40 |Far North|
| | | | | | | | |
| | 59.00 |75.50 | 16.50 | 0.31 | 9.21 | 0.49 | |
| | | | | | | | |
| | 83.00 |86.00 | 3.00 | 0.54 | 5.65 | 0.65 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-154 | 54.50 |57.50 | 3.00 | 1.43 | 11.90 | 1.67 |Far North|
| | | | | | | | |
|including | 56.00 |57.50 | 1.50 | 2.62 | 16.40 | 2.95 | |
| | | | | | | | |
| | 65.00 |74.00 | 9.00 | 0.72 | 26.03 | 1.24 | |
| | | | | | | | |
|including | 68.00 |71.00 | 3.00 | 1.62 | 59.50 | 2.81 | |
| | | | | | | | |
| | 89.00 |96.50 | 7.50 | 0.23 | 4.92 | 0.33 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-155 | 54.50 |56.00 | 1.50 | 0.20 | 14.70 | 0.49 |Far North|
| | | | | | | | |
| | 69.50 |81.50 | 12.00 | 0.50 | 19.49 | 0.89 | |
| | | | | | | | |
|including | 71.00 |78.50 | 7.50 | 0.64 | 26.94 | 1.18 | |
| | | | | | | | |
| | 86.00 |87.50 | 1.50 | 0.24 | 8.70 | 0.41 | |
| | | | | | | | |
| | 90.50 |99.50 | 9.00 | 0.39 | 9.40 | 0.58 | |
| | | | | | | | |
|including | 90.50 |92.00 | 1.50 | 1.02 | 21.60 | 1.45 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-156 | 53.75 |56.00 | 2.25 | 0.16 | 14.08 | 0.45 |Far North|
| | | | | | | | |
| | 66.50 |71.00 | 4.50 | 2.37 | 46.40 | 3.30 | |
| | | | | | | | |
|including | 66.50 |68.00 | 1.50 | 4.83 | 75.30 | 6.34 | |
| | | | | | | | |
| | 75.50 |80.00 | 4.50 | 0.22 | 6.97 | 0.36 | |
| | | | | | | | |
| | 87.50 |92.00 | 4.50 | 0.50 | 3.27 | 0.57 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-157 | 56.00 |62.00 | 6.00 | 0.27 | 9.80 | 0.47 |Far North|
| | | | | | | | |
| | 75.50 |81.50 | 6.00 | 0.46 | 25.33 | 0.97 | |
| | | | | | | | |
|including | 80.00 |81.50 | 1.50 | 1.00 | 64.10 | 2.28 | |
| | | | | | | | |
| | 90.50 |93.50 | 3.00 | 0.28 | 4.45 | 0.37 | |
| | | | | | | | |
| | 95.00 |98.00 | 3.00 | 0.85 | 5.35 | 0.96 | |
| | | | | | | | |
|including | 95.00 |96.50 | 1.50 | 1.28 | 7.90 | 1.44 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-158 | 60.50 |62.00 | 1.50 | 0.17 | 12.60 | 0.42 |Far North|
| | | | | | | | |
| | 66.50 |72.50 | 6.00 | 0.35 | 11.00 | 0.57 | |
| | | | | | | | |
| | 77.00 |86.00 | 9.00 | 0.32 | 10.17 | 0.52 | |
| | | | | | | | |
| | 90.50 |101.00| 10.50 | 0.28 | 7.79 | 0.43 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-161 | 44.50 |45.80 | 1.30 | 0.32 | 14.30 | 0.61 |Far North|
| | | | | | | | |
| | 53.00 |71.00 | 18.00 | 0.84 | 17.72 | 1.19 | |
| | | | | | | | |
|including | 62.00 |71.00 | 9.00 | 1.56 | 28.75 | 2.14 | |
| | | | | | | | |
| | 77.00 |86.00 | 9.00 | 0.34 | 4.38 | 0.43 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-164 | 41.00 |56.00 | 15.00 | 0.26 | 9.42 | 0.45 |Far North|
| | | | | | | | |
| | 77.00 |91.00 | 14.00 | 0.92 | 22.35 | 1.37 | |
| | | | | | | | |
|including | 90.00 |91.00 | 1.00 | 4.20 | 16.30 | 4.53 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-165 | 38.00 |39.50 | 1.50 | 4.07 | 36.00 | 4.79 |Far North|
| | | | | | | | |
| | 47.00 |53.00 | 6.00 | 0.29 | 9.68 | 0.48 | |
| | | | | | | | |
| | 57.50 |81.50 | 24.00 | 1.25 | 20.81 | 1.67 | |
| | | | | | | | |
|including | 69.50 |81.50 | 12.00 | 2.15 | 35.09 | 2.85 | |
| | | | | | | | |
|including | 75.50 |77.00 | 1.50 | 7.41 | NA | 7.41 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-166 | 41.00 |75.50 | 34.50 | 0.47 | 14.43 | 0.76 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-167 | 47.00 |50.00 | 3.00 | 0.48 | 14.80 | 0.78 |Far North|
| | | | | | | | |
| | 57.50 |101.00| 43.50 | 0.37 | 12.21 | 0.61 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-168 | 29.00 |33.50 | 4.50 | 0.30 | 6.77 | 0.44 |Far North|
| | | | | | | | |
| | 48.50 |61.00 | 12.50 | 0.49 | 21.81 | 0.93 | |
| | | | | | | | |
|including | 56.00 |61.00 | 5.00 | 0.83 | 36.89 | 1.57 | |
| | | | | | | | |
|including | 60.00 |61.00 | 1.00 | 1.64 | 122.00 | 4.08 | |
| | | | | | | | |
| | 65.00 |69.50 | 4.50 | 2.53 | 4.00 | 2.61 | |
| | | | | | | | |
|including | 68.00 |69.50 | 1.50 | 5.59 | 4.40 | 5.68 | |
| | | | | | | | |
| | 77.00 |78.50 | 1.50 | 0.37 | 3.40 | 0.44 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-169 | 26.00 |29.00 | 3.00 | 0.69 | 9.10 | 0.87 |Far North|
| | | | | | | | |
| | 42.50 |54.50 | 12.00 | 0.38 | 11.45 | 0.61 | |
| | | | | | | | |
| | 86.00 |87.50 | 1.50 | 0.42 | 1.10 | 0.44 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-170 | 39.50 |44.00 | 4.50 | 0.24 | 7.30 | 0.39 |Far North|
| | | | | | | | |
| | 59.00 |63.50 | 4.50 | 3.37 | 25.47 | 3.88 | |
| | | | | | | | |
| | 69.50 |110.00| 40.50 | 0.67 | 12.86 | 0.93 | |
| | | | | | | | |
|including | 71.00 |102.50| 31.50 | 0.73 | 15.39 | 1.04 | |
| | | | | | | | |
|including | 96.50 |102.50| 6.00 | 1.94 | 17.13 | 2.28 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-171 | 38.00 |41.00 | 3.00 | 1.18 | 69.50 | 2.57 |Far North|
| | | | | | | | |
| | 57.50 |62.00 | 4.50 | 0.27 | 11.63 | 0.50 | |
| | | | | | | | |
| | 66.50 |71.00 | 4.50 | 0.48 | 23.67 | 0.95 | |
| | | | | | | | |
| | 78.50 |81.50 | 3.00 | 0.39 | 1.55 | 0.42 | |
| | | | | | | | |
| | 89.00 |90.50 | 1.50 | 0.51 | 1.40 | 0.54 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-172 | 25.60 |27.10 | 1.50 | 0.43 | 3.90 | 0.51 |Far North|
| | | | | | | | |
| | 31.50 |34.80 | 3.30 | 0.82 | 47.32 | 1.76 | |
| | | | | | | | |
|including | 32.80 |33.80 | 1.00 | 1.71 | 64.50 | 3.00 | |
| | | | | | | | |
| | 47.00 |66.50 | 19.50 | 0.63 | 17.12 | 0.97 | |
| | | | | | | | |
|including | 53.00 |66.50 | 13.50 | 0.80 | 19.58 | 1.19 | |
| | | | | | | | |
|including | 65.00 |66.50 | 1.50 | 3.00 | 55.70 | 4.11 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-173 | 27.90 |29.00 | 1.10 | 0.56 | 5.10 | 0.66 |Far North|
| | | | | | | | |
| | 35.00 |38.00 | 3.00 | 0.34 | 53.35 | 1.41 | |
| | | | | | | | |
| | 50.00 |69.50 | 19.50 | 0.38 | 9.74 | 0.57 | |
| | | | | | | | |
|including | 63.50 |65.00 | 1.50 | 1.27 | 14.30 | 1.56 | |
| | | | | | | | |
| | 78.50 |86.00 | 7.50 | 0.39 | 8.02 | 0.55 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-174 | 29.00 |30.50 | 1.50 | 0.22 | 26.80 | 0.76 |Far North|
| | | | | | | | |
| | 45.50 |53.00 | 7.50 | 1.00 | 25.06 | 1.50 | |
| | | | | | | | |
|including | 47.00 |48.50 | 1.50 | 2.09 | 43.10 | 2.95 | |
| | | | | | | | |
| | 51.50 |53.00 | 1.50 | 1.74 | 35.00 | 2.44 | |
| | | | | | | | |
| | 59.00 |68.00 | 9.00 | 0.39 | 24.72 | 0.88 | |
| | | | | | | | |
|including | 63.50 |65.00 | 1.50 | 1.14 | 62.20 | 2.38 | |
| | | | | | | | |
| | 77.00 |78.50 | 1.50 | 1.22 | 3.20 | 1.28 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-175 | 30.50 |32.00 | 1.50 | 0.37 | 5.90 | 0.49 |Far North|
| | | | | | | | |
| | 41.00 |53.00 | 12.00 | 0.36 | 3.13 | 0.42 | |
| | | | | | | | |
| | 57.50 |59.00 | 1.50 | 0.37 | 1.80 | 0.41 | |
| | | | | | | | |
| | 63.50 |71.00 | 7.50 | 0.29 | 7.08 | 0.43 | |
| | | | | | | | |
| | 86.00 |90.50 | 4.50 | 0.40 | 1.80 | 0.44 | |
| | | | | | | | |
| | 102.50 |104.00| 1.50 | 0.55 | 1.30 | 0.58 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-176 | 42.50 |45.50 | 3.00 | 0.93 | 10.35 | 1.14 |Far North|
| | | | | | | | |
|including | 44.00 |45.50 | 1.50 | 1.56 | 15.80 | 1.88 | |
| | | | | | | | |
| | 56.00 |57.50 | 1.50 | 0.57 | 29.40 | 1.16 | |
| | | | | | | | |
| | 66.50 |68.00 | 1.50 | 0.48 | 6.10 | 0.60 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-177 | 35.00 |36.50 | 1.50 | 0.14 | 14.30 | 0.43 |Far North|
| | | | | | | | |
| | 50.00 |51.50 | 1.50 | 0.18 | 12.50 | 0.43 | |
| | | | | | | | |
| | 57.50 |65.00 | 7.50 | 0.22 | 6.44 | 0.35 | |
+----------+--------+------+------------+--------+--------+----------+---------+
| RR11-178 | 42.50 |62.00 | 19.50 | 0.28 | 9.35 | 0.47 |Far North|
| | | | | | | | |
| | 68.00 |83.30 | 15.30 | 0.53 | 13.09 | 0.79 | |
| | | | | | | | |
|including | 71.00 |77.00 | 6.00 | 0.86 | 20.93 | 1.28 | |
+----------+--------+------+------------+--------+--------+----------+---------+
Table 4: Southeast Burns Block Quadrant Drill Holes:
+----------+--------+------+------------+--------+--------+---------+----------+
| | | | | | | AuEq | Drill |
|Drill Hole|From (m)|To (m)|Interval (m)|Au (g/t)|Ag (g/t)| (g/t) | Fence |
+----------+--------+------+------------+--------+--------+---------+----------+
| RR11-152 | | | | NSV | NSV | NSV | Central |
+----------+--------+------+------------+--------+--------+---------+----------+
| RR11-160 | 268.85 |274.15| 5.30 | 0.44 | 12.18 | 0.69 | Central |
| | | | | | | | |
| | 320.00 |323.00| 3.00 | 0.37 | 5.55 | 0.48 | |
+----------+--------+------+------------+--------+--------+---------+----------+
| RR11-163 | 235.00 |236.50| 1.50 | 1.08 | 2.10 | 1.12 | Central |
| | | | | | | | |
| | 341.00 |345.50| 4.50 | 0.72 | 8.67 | 0.89 | |
| | | | | | | | |
|including | 342.50 |344.00| 1.50 | 1.16 | 12.40 | 1.41 | |
| | | | | | | | |
| | 443.00 |446.00| 3.00 | 0.45 | 2.55 | 0.50 | |
| | | | | | | | |
| | 646.00 |647.50| 1.50 | 0.51 | 1.20 | 0.53 | |
+----------+--------+------+------------+--------+--------+---------+----------+
| RR11-179 | 117.50 |119.00| 1.50 | 0.50 | 2.30 | 0.55 | Central |
| | | | | | | | |
| | 133.00 |134.25| 1.25 | 0.31 | 1.90 | 0.35 | |
| | | | | | | | |
| | 201.70 |202.60| 0.90 | 0.70 | 2.30 | 0.75 | |
| | | | | | | | |
| | 270.50 |276.50| 6.00 | 0.46 | 14.50 | 0.75 | |
| | | | | | | | |
|including | 270.50 |272.00| 1.50 | 0.83 | 16.90 | 1.17 | |
+----------+--------+------+------------+--------+--------+---------+----------+
| RR11-183 | 236.00 |243.50| 7.50 | 0.39 | 15.50 | 0.70 | Central |
| | | | | | | | |
|including | 239.00 |240.50| 1.50 | 0.83 | 28.90 | 1.41 | |
+----------+--------+------+------------+--------+--------+---------+----------+
* g/t = grams per metric tonne
* The down hole interval lengths are estimated to be approximately 65%-95% of
true width
* AuEq (gold equivalent) values calculated at a 50 to 1 (gold price vs. silver
price) ratio and metallurgical recoveries and net smelter returns are assumed to
be 100%
* The intervals were determined using a 0.35 g/t gold equivalent cut-off grade
with a maximum gap of 3.0 metres between intervals below the cut-off grade
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 in the Rainy River District of
north-western Ontario.
The Company has 62.8 million shares outstanding and approximately $6 million in
its treasury.
On February 15(th), 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.
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(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 on www.sedar.com.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Bayfield Ventures Corp. via Thomson Reuters ONE
[HUG#1567221]
Unternehmensinformation / Kurzprofil:
Datum: 29.11.2011 - 10:01 Uhr
Sprache: Deutsch
News-ID 91774
Anzahl Zeichen: 44306
contact information:
Town:
Vancouver
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 195 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Bayfield Drills 61.02 g/t Gold over 7m & 64.66 g/t Gold over 5m in Two near surface Infill Holes at Burns Block in Rainy River, NW Ontario"
steht unter der journalistisch-redaktionellen Verantwortung von
Bayfield Ventures Corp. (Nachricht senden)
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