Bayfield Ventures Corp. : Bayfield Drills 4.5 metres of 9.82 g/t Au & 52.10 g/t Ag 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: info(at)bayfieldventures.com
October 17, 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 Burns Block gold-silver
project, Rainy River district, north-western Ontario. 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 Claims Map:
http://www.bayfieldventures.com/i/maps/BYVRRMapwopit.jpg
Rainy River District Gold Zones:
http://www.bayfieldventures.com/i/maps/BYV-Burns-Gold-Zones-NOV-2012.jpg
Highlights:
* East Burns Intrepid gold-silver zone being extended down plunge by the
Company's current exploration drill program
* Hole RR13-11W2 intersected 4.5 metres of 9.82 g/t gold and 52.10 g/t silver
within a wider zone of 16.5 metres of 3.77 g/t gold and 19.32 g/t silver
* Hole RR13-11W2 includes an upper zone of 4.5 metres of 2.95 g/t gold and
15.93 g/t silver within a wider zone of 7.5 metres of 2.08 g/t gold and
10.44 g/t silver
* Hole RR13-11W3 intersected two zones of 3 metres of 3.64 g/t gold and 5.40
g/t silver and 3 metres of 2.38 g/t gold and 4.05 g/t silver
* Assays pending for completed hole RR13-12
* Extension drilling continues at East Burns Intrepid Zone
Strong, poly metallic base metal veining has been intersected in all completed
holes. Gold and silver assays for holes RR13-11W2 and RR13-11W3 are 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 extended down
plunge by the Company's current exploration drill program.
Hole RR13-11W2 returned 16.5 metres of 3.77 g/t gold and 19.32 g/t silver
including a higher grade interval from 672.5 metres down hole of 4.5 metres of
9.82 g/t gold and 52.10 g/t silver. Hole RR13-11W2 also includes an upper zone
of 7.5 metres of 2.08 g/t gold and 10.44 g/t silver including a higher grade
interval from 653 metres down hole of 4.5 metres of 2.95 g/t gold and 15.93 g/t
silver.
Hole RR13-11W2 encountered native gold localized within cracks in highly
deformed grey quartz-pyrite veins. The zone with logged native gold correlated
exactly with the highest assay intervals in the mineralized zone.
The comparison of logging and assay results for the RR13-11 mother hole and
wedge hole W1, W2 and W3 continues to show both that the Intrepid Shoot is
continuing strongly down plunge and that strong zoning of precious metal
mineralization is present within the shoot. The mother hole cut the shoot
deeper than any of the wedge holes and had the strongest precious metal
mineralization of the RR13-11 Wedge Complex.
Following completion of holes RR13-11W2 and RR13-11W3, Bayfield moved the rig
30 metres southwest to continue the Company's down plunge Intrepid Zone
exploration with the completion of hole RR13-12 with assays pending.
Further down plunge drilling of the lower portion of the Intrepid Shoot is being
targeted to continue to follow the very high grade gold mineralization
intersected in RR13-11 (528 g/t gold over 1.5 metres within a strongly
mineralized 7.5 metre down hole interval, announced Oct. 1st).
Burns Block Drill Hole Location Map:
http://www.bayfieldventures.com/i/maps/BYV-collar-map-October-2013.jpg
Final assay results of holes RR13-11W2 and RR13-11W3 are presented in the table
below.
+----------+--------+------+------------+--------+--------+----------+
|Drill Hole|From (m)|To (m)|Interval (m)|Au (g/t)|Ag (g/t)|AuEq (g/t)|
+----------+--------+------+------------+--------+--------+----------+
|RR13-11W2 | 624.50 |626.00| 1.50 | 0.52 | 2.40 | 0.57 |
| | | | | | | |
| | 644.00 |645.50| 1.50 | 0.68 | 6.30 | 0.81 |
| | | | | | | |
| | 650.00 |657.50| 7.50 | 2.08 | 10.44 | 2.29 |
| | | | | | | |
|including | 653.00 |657.50| 4.50 | 2.95 | 15.93 | 3.27 |
| | | | | | | |
| | 662.00 |678.50| 16.50 | 3.77 | 19.32 | 4.16 |
| | | | | | | |
|including | 672.50 |677.00| 4.50 | 9.82 | 52.10 | 10.86 |
+----------+--------+------+------------+--------+--------+----------+
|RR13-11W3 | 635.00 |638.00| 3.00 | 0.65 | 2.65 | 0.70 |
| | | | | | | |
| | 642.50 |645.50| 3.00 | 3.64 | 5.40 | 3.75 |
| | | | | | | |
| | 656.00 |659.00| 3.00 | 2.38 | 4.05 | 2.46 |
+----------+--------+------+------------+--------+--------+----------+
* 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 (silver price to gold
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.
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 most of the drilling completed
and concentrated on its flagship Burns Block gold-silver project. Bayfield
Ventures goal is to increase shareholder value by developing exploration
projects near world-class deposits that have the potential of becoming new
discoveries.
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#1736257]
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Datum: 17.10.2013 - 07:30 Uhr
Sprache: Deutsch
News-ID 306598
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