Bayfield Further Extends Rainy River's ODM17 Gold Zone on "Burns" Block, NW Ontario
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info(at)bayfieldventures.com
NEWS RELEASE
March 03, 2010
Bayfield Further Extends Rainy River's ODM17 Gold Zone on "Burns" Block, NW
Ontario
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company")
announces drill results from its phase one 2010 winter drill program on its
"Burns" Block claim group in the Rainy River District of Northwestern Ontario.
The Burns Block is situated immediately to the east, on strike, of the Rainy
River Resources (TSX-V: RR) major gold deposit.
Rainy River district property claims map:
http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf
Three diamond drill holes totalling 1509 metres were completed on the Burns
Block property in February 2010. The holes were along the western edge of the
property and completed a section immediately on strike with the eastern end of
the "ODM17" zone of Rainy River Resources. The ODM17 zone is known to extend
from the Rainy River Resources ground on to Bayfield's Burns block.
All three holes encountered gold values in the same litho-structural settings
that host the ODM17 Zone and North Zone on the Rainy River Resources property.
Gold mineralization is widespread within a sheared felsic pyroclastic sequence.
Gold grade appears to be strongly influenced by proximity to the margins of
strong sericitic alteration within the shear system.
+------------+--------+-------+----------------+----------+-------+
| Drill Hole | From M | To M | Intersection M | G/T Gold | Zone |
+------------+--------+-------+----------------+----------+-------+
| RR10-1 | 142.8 | 204.0 | 61.2 | 0.49 | ODM17 |
+------------+--------+-------+----------------+----------+-------+
| includes | 187.5 | 204.0 | 16.5 | 1.20 | ODM17 |
+------------+--------+-------+----------------+----------+-------+
| includes | 191.5 | 199.0 | 7.5 | 1.77 | ODM17 |
+------------+--------+-------+----------------+----------+-------+
| includes | 191.5 | 194.0 | 2.5 | 3.03 | ODM17 |
+------------+--------+-------+----------------+----------+-------+
| includes | 196.0 | 197.0 | 1.0 | 3.09 | ODM17 |
+------------+--------+-------+----------------+----------+-------+
| RR10-2 | 323.0 | 335.0 | 12.0 | 0.54 | ODM17 |
+------------+--------+-------+----------------+----------+-------+
| RR10-3 | 358.0 | 378.0 | 20.0 | 0.12 | ODM17 |
+------------+--------+-------+----------------+----------+-------+
| RR10-3 | 728.0 | 735.0 | 7.0 | 0.72 | North |
+------------+--------+-------+----------------+----------+-------+
| includes | 730.0 | 731.0 | 1.0 | 4.83 | North |
+------------+--------+-------+----------------+----------+-------+
| RR10-3 | 745.0 | 746.0 | 1.0 | 9.51 | North |
+------------+--------+-------+----------------+----------+-------+
| RR10-3 | 789.0 | 798.0 | 9.0 | 0.32 | North |
+------------+--------+-------+----------------+----------+-------+
The holes completed by Bayfield confirm the continuity of gold mineralization of
the Rainy River Resources ODM17 zone along strike and down dip. The North zone
has been confirmed to extend on to the Burns Block at depth. The "drill
indicated" open pit resource on the Rainy River Resources ground (news release
March 2(nd)) is stated as 55,657,000 tonnes at a grade of 1.20 g/t gold for a
total of 2.37 Moz gold and 2.66 Moz gold in the inferred resource category.
"Burns" Block location map, Rainy River, NW Ontario
http://www.bayfieldventures.com/i/pdf/BYVRainyRiver-Bayfield.pdf
Bayfield Ventures Corp. phase 2 drilling is to begin immediately on the Burns
Block to establish additional strike length, grade and tenor of the gold
mineralization.
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 northwestern 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
"Don Huston"
Donald C. Huston
President
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(at)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.
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
[HUG#1390347]
Unternehmensinformation / Kurzprofil:
Datum: 03.03.2010 - 09:01 Uhr
Sprache: Deutsch
News-ID 13093
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