Bayfield Ventures Rainy River Gold-Silver Project Drill Program Begins in NW Ontario
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/18/14 -- Bayfield Ventures Corp. (TSX VENTURE: BYV) (PINKSHEETS: BYVVF) (FRANKFURT: B4N) is pleased to announce that its drill program has commenced on its Rainy River gold-silver project in north-western Ontario. Bayfield's flagship Burns Block property is surrounded by New Gold's (TSX: NGD) Rainy River project and adjoins the immediate east of New Gold's multi-million ounce ODM17 gold-silver deposit and adjoins the immediate west of New Gold's expanding Intrepid gold-silver deposit.
Rainy River District Gold Zones:
The Company will focus most of its 2014 exploration and drilling program on the eastern side of the Burns Block on the high priority East Burns - Intrepid Zone.
Additional Discovery Potential on Burns Block Property:
Recommendations contained within the January 23, 2014 NI 43-101 Technical Report and Mineral Resource Estimate indicate the need for additional exploration drilling in the central portion of the Burns Block and additional delineation drilling on the Western Burns Zone and East Burns - Intrepid Zone of the property.
The majority of past drilling on the Burns Block has been concentrated on the western and eastern sides of the property with the resources that have been identified crossing the property boundaries onto the adjacent ground held by New Gold to the west and to the east.
Specific targets remain for additional discovery on the Burns Block. These targets have been grouped into four categories:
For additional information please refer to the full report posted on Bayfield's web site and filed on SEDAR, , dated January 23, 2014: BURNS BLOCK NATIONAL INSTRUMENT 43-101 COMPLIANT TECHNICAL REPORT.
Rainy River District Claims Map:
Additional Discovery Potential on "B" Block Property:
Recommendations contained within the February 14, 2013 NI 43-101 Technical Report indicate the need for additional exploration drilling on Bayfield's "B" Block property.
The mine trend rock package is sharply deflected to the NNE along the western margin of the Black Hawk Stock. Logging results from diamond drill holes completed by Bayfield on the "B" Block confirm the presence of iron formations, argillite units and the well foliated and strongly sericite altered quartz porphyry dacite intrusive rocks rock package that hosts high grade and disseminated gold and silver mineralization at the "B" and Burns Block properties, as well hosting the bulk of the identified mineralization on New Gold's properties.
Rainy River Geological Map of the Burns Block and "B" Block:
Bayfield has discovered relatively narrow zones of multi-gram gold-silver mineralization over a large portion of the southern and central portions of the 480 acre "B" Block property. These well mineralized intervals occur within wide envelopes of lower grade mineralization and are mineralogically and texturally very similar to the mineralized zones at the Burns Block property.
The interpreted potential for additional gold-silver discoveries at the "B" Block are from encouraging results in completed drilling as well the close proximity of the "B" Block to both the near surface portion of New Gold's Intrepid Zone and to the Burns Block property. "B" Block drilling has been shallow and the property is essentially unexplored below 250 metres from surface. The combination of very favourable geology and the known presence of gold-silver-copper-zinc mineralization make the "B" Block a very high quality target area for further discoveries through detailed exploration.
For additional information on the "B" Block Technical Report please refer to the full report posted on Bayfield's web site and filed on SEDAR, , dated February 14, 2013 and titled: "B" BLOCK NATIONAL INSTRUMENT 43-101 COMPLIANT TECHNICAL REPORT.
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. 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 VENTURE: BYV), visit the Company's web site at .
ON BEHALF OF THE BOARD OF DIRECTORS
James G. Pettit, Chairman and CEO
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 for further information.
Contacts:
Bayfield Ventures Corp.
James G. Pettit
Chairman and CEO
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
Bayfield Ventures Corp.
Don Myers
Director
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
Envoy Strategic Partners Investor Relations
Jay Bedard
416-977-7778
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Datum: 18.09.2014 - 11:00 Uhr
Sprache: Deutsch
News-ID 337316
Anzahl Zeichen: 4263
contact information:
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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