Bayfield Ventures Corp. : Bayfield Drills 6.0 metres of 14.34 g/t Gold & 61.40 g/t Silver at East Burns Intrepid Zone, Rainy River District, NW Ontario
(Thomson Reuters ONE) -
Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, V7Y 1K4, CANADA
www.bayfieldventures.com
TSX Venture Trading Symbol:BYV
Email:infor(at)bayfieldventures.com
October 09, 2013
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (OTC Pink: BYVVF)
(Frankfurt: B4N) is pleased to announce further assays results from the
continuing exploration drill program at the Company's 100% owned mineral rights
Burns Block gold-silver project. The Burns Block is located adjacent to the east
of New Gold's (TSX: NGD) multi-million ounce Rainy River gold-silver deposit and
adjacent to the west of New Gold's expanding Intrepid gold-silver zone, Rainy
River district, north-western Ontario.
Rainy River District Gold Zones:
http://www.bayfieldventures.com/i/maps/BYV-Burns-Gold-Zones-NOV-2012.jpg
Highlights:
* Hole RR13-11W1 intersected 30 metres of 4.05 g/t gold and 15.29 g/t silver
* Hole RR13-11W1 includes a high grade zone of 6 metres of 14.34 g/t gold and
61.40 g/t silver
* Assays pending for completed wedge holes RR13-11W2 and RR13-11W3
* Extension down plunge drilling continues at East Burns Intrepid Zone further
southwest
Strong, poly metallic base metal veining has been intersected in all completed
holes. Gold and silver assays for wedge hole RR13-11W1 is summarized in the
table below.
Results of Intrepid Zone Extension Exploration and Near Term Exploration Plans:
The Intrepid gold-silver zone on Bayfield's Burns Block is being significantly
extended down plunge by the Company's current exploration program.
Previously reported mother hole RR13-11 (see news release Oct. 1(st)) returned a
bonanza grade interval from 679.0 to 680.5 metres down hole of 528 g/t (18.63
oz/t) gold and 103 g/t silver over 1.5 metres within a 7.5 metre mineralized
zone. Hole RR13-11 intersected the strong gold mineralization in a position 25
metres down plunge of the mineralized zones in previously reported assays from
the RR12-34 mother hole and wedge complex (see news releases Nov. 20, 2012, Jan.
10(th) & May 23, 2013). This well-developed zone in hole RR13-11 contained
highly deformed, quartz-galena-gold and poly metallic base metal veins and
veinlets.
East Burns - Intrepid Zone Cross Section of Select Drill Holes:
http://www.bayfieldventures.com/i/maps/BurnsBlockRR13-11_PV.jpg
Wedge hole RR13-11W1 returned 4.05 g/t gold and 15.29 g/t silver over 30 metres
including a high grade interval from 671 metres down hole of 14.34 g/t gold and
61.40 g/t silver over 6 metres. The intersection in hole RR13-11W1 is 12 metres
above and to the east of previously announced mother hole RR13-11. The zone in
hole RR13-11W1 encountered locally abundant visible gold localized within cracks
in highly deformed white to grey quartz-galena-pyrite veinlets and veins. The
galena is locally abundant and has a strong spatial association with observed
native gold.
Three wedge holes from the RR13-11 mother hole have been completed in Bayfield's
continuing down plunge Intrepid Zone exploration at the Burns Block. Assays for
wedge holes RR13-11W2 and RR13-11W3 are pending and will be reported after
receipt and compilation of standard protocols.
Following completion of the wedge holes from hole RR13-11, Bayfield moved the
rig 40 metres southwest to continue the Company's down plunge Intrepid Zone
exploration with the drilling of a new mother hole RR13-12. It is anticipated
that hole RR13-12 will be used for a series of wedge holes designed to test the
vertical dimensions of the targeted, mineralized vein system.
Jim Pettit, CEO of Bayfield, commented: "The Company is very pleased with the
progress from our fall 2013 drill program. After a summer of extensive geologic
data compilation and review, Bayfield identified a series of zones to
concentrate our exploration efforts going forward. The first zone is the high
grade down plunge extension of the Intrepid Zone on the eastern portion of the
Burns Block. As can be seen by this news release, the program has intersected
the highest grade portion of the zone to date with 528 grams per tonne gold over
1.5 metres."
Final assay results of hole RR13-11W1 are presented in the table below.
+----------+--------+------+------------+--------+--------+----------+
|Drill Hole|From (m)|To (m)|Interval (m)|Au (g/t)|Ag (g/t)|AuEq (g/t)|
+----------+--------+------+------------+--------+--------+----------+
|RR13-11W1 | 648.50 |678.50| 30.00 | 4.05 | 15.29 | 4.36 |
| | | | | | | |
|including | 653.00 |654.50| 1.50 | 9.83 | 1.20 | 9.85 |
| | | | | | | |
|including | 671.00 |677.00| 6.00 | 14.34 | 61.40 | 15.57 |
* g/t = grams per metric tonne
* The true width lengths are estimated to be approximately 55%-65% of down hole
interval
* 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 .35 g/t gold cut-off grade with a maximum
gap of 3.0 metres between intervals below the cut-off grade
The East Burns Intrepid gold-silver zone is strongly mineralized by irregular
veinlets, fracture fills and clotty disseminations of dark brown sphalerite,
galena, arsenopyrite and chalcopyrite. Sphalerite commonly forms 2% to 5% of
mineralized intervals and assays results of >1% zinc are not uncommon.
Arsenopyrite rarely makes up more than 1% to 2% of mineralized intervals but its
presence is strongly correlated with the presence of gold grades >10
grams/tonne.
District Exploration and Targeting Summary:
Surface rock chip sampling of outcropping, altered dacite porphyry is being done
in the area north of the collar of previously announced bonanza grade hole RR11-
71 (11.2 metres of 60.05 g/t gold and 362.96 g/t silver from 48 metres down
hole). No near surface drilling has been done to explore for at or near surface
mineralization in the 100 metre wide gap between the collar of hole RR11-71,
other holes on our far north exploration drill fence, and the north boundary of
the Burns Block property. The rock chip sampling of outcrops is being done in
an attempt to identify potential at surface mineralized zones which would then
be drill tested.
Rainy River District Claims Map:
http://www.bayfieldventures.com/i/maps/BYVRRMapwopit.jpg
In Addition, geologic/geophysical interpretation and targeting on Bayfield's
480 acre "B" Block and 1976 acre "C" Block properties has resulted in the
identification of high quality drill targets.
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 and silver in the Rainy River
District of north-western Ontario. The Company is fully funded to finish its
planned 100,000 metre diamond drill program with over 300 drill holes completed
and concentrated on its flagship Burns Block gold-silver project.
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 release includes certain statements that may be deemed to be "forward-
looking statements". All statements in this release, other than statements of
historical facts, that address events or developments that management of the
Company expects, are forward-looking statements. Although management believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those
in the forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs, estimates or
opinions, or other factors, should change. Factors that could cause actual
results to differ materially from those in forward-looking statements, include
market prices, exploration and development successes, continued availability of
capital and financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for further
information.
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#1734439]
Unternehmensinformation / Kurzprofil:
Datum: 09.10.2013 - 07:30 Uhr
Sprache: Deutsch
News-ID 304083
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