Bayfield Begins 20,000+ Metre Drill Program on Rainy River Gold Properties in 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) 687-3376
Email: Facsimile: (604)
info(at)bayfieldventures.com 687-3119
NEWS RELEASE
May 27, 2010
Bayfield Begins 20,000+ Metre Drill Program on
Rainy River Gold Properties in NW Ontario
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company")
is pleased to announce the mobilization of a drill rig, equipment and
infrastructure for the commencement of a 20,000+ metre drill program on its
100% owned properties in the Rainy River district of northwestern Ontario.
Rodren Drilling of Winnipeg has commenced diamond drilling on Bayfield's Burns
Block property situated immediately to the east and on strike to Rainy River
Resources' (TSX-V: RR) main ODM17 gold deposit in the Richardson Township.
The objective of this major drill program is to explore and expand the extension
of gold mineralization that is being defined by Rainy River Resources on their
ground adjacent to Bayfield's properties. The drilling will focus on confirming
gold continuity and grade at depths within the shell of a potential open pit
mine.
Additionally, Bayfield is contemplating a second drill rig this summer for a
drill program on its 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
gold 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.
Ten holes (totalling 4841 metres) have been previously 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
gold zone and North gold zone of Rainy River Resources. Shallow intercepts
reported by Bayfield along the strike extension of Rainy River Resources' ODM17
gold zone indicate that well above gold cut-off grade mineralization continues
onto the Burns Block.
Significant results from previous drilling on the Burns Block include 4.5 metres
of 7.34 g/t gold, 43.5 metres of 0.78 g/t gold including 4.5 metres of 3.0 g/t
gold, 25 metres of 0.89 g/t gold, 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, and 1 metre of
9.51 g/t gold.
Burns Block and "B" Claim Block map showing drill holes:
http://www.bayfieldventures.com/i/maps/BYV-Burns-and-B-Block-Aerial.jpg
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 and a 2 metre intercept
grading 5.7 g/t gold was intersected in one of the holes. Mineralization on the
"B" Claim Block was encountered in felsic pyroclastics flanking a strong
north-south trending fault on the property.
Bayfield Ventures is well situated with $4,000,000 in its treasury to carry out
the proposed drilling on both its Burns and "B" Claim Block properties. The
Company may also conduct future work on its "C" Claim Block property located
west of Rainy River Resources' ground.
The Company's properties are very well located with easy access to roads and
power. Ontario has low political risk and the Rainy River district has skilled
labour and is one of the lowest-cost areas for mineral exploration and
development in Canada.
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#1419052]
Unternehmensinformation / Kurzprofil:
Datum: 27.05.2010 - 10:00 Uhr
Sprache: Deutsch
News-ID 21550
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