Bayfield Expands its Rainy River Gold Drill Program
(Thomson Reuters ONE) -
Suite 2230 - 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
www.bayfieldventures.com
TSX-V Trading Symbol: BYV Telephone: (604) 687-3376
Email: Facsimile: (604)
info(at)bayfieldventures.com 687-3119
NEWS RELEASE
May 11, 2010
Bayfield Expands its Rainy River Gold Drill Program 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(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#1414453]
Bayfield Expands its Rainy River Gold Drill Program : http://hugin.info/136076/R/1414453/365760.doc
Unternehmensinformation / Kurzprofil:
Datum: 11.05.2010 - 09:30 Uhr
Sprache: Deutsch
News-ID 20656
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