Bayfield Correction Increases Drill Hole from 2.70 g/t gold to 5.08 g/t gold over 81m in Rainy River, 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: info(at)bayfieldventures.com Facsimile: (604) 687-3119
NEWS RELEASE
September 8, 2010
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company")
is issuing a correction to it's news release dated September 7(th) reporting an
additional high grade gold discovery on its 100% owned Burns Block property in
the Rainy River District of north-western Ontario. The Burns Block is situated
immediately to the east and on strike to Rainy River Resources' (TSX-V: RR) gold
project.
Rainy River gold properties claims map:
http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf
Bayfield incorrectly reported yesterday that drill hole RR10-18, from 488 metres
to 569 metres, returned 2.70 g/t gold over 81 metres when the news release
should have stated 5.08 g/t gold over 81 metres.
Except for the above, all other information is correct.
Highlights:
* Another significant high grade gold discovery early in 20,000+ metre (50+
holes) diamond drill program
* 35.93 g/t gold over 10.0 metres within 13.28 g/t gold over 28.0 metres
intersected in hole RR10-18
* The linear "plunge distance" between the high grade zone in the previously
reported hole, RR10-15, and that in the newly reported hole, RR10-18, is in
excess of 400 metres indicating a potential for a high grade gold shoot of
considerable length
* The map distance between the collars of RR10-15 and RR10-18 is approximately
125 metres; little drilling between the holes has been done
* 13 additional holes completed; assays pending
Burns Block drilling exploration map:
http://www.bayfieldventures.com/i/maps/BYV_Burns_Exploration_Map_July_2010.jpg
The linear distance between the shallow high grade zone in RR10-15 and the
deeper high grade zone in RR10-18 reported here is in excess of 400 metres. The
plotted geometry of the two intercepts strongly indicates that a high grade gold
shoot of a size, thickness and grade similar to those being delineated by Rainy
River Resources to the west has been found by Bayfield on the Burns Block.
Infill drilling of the high grade shoot will commence as soon as the drill rig
has completed a critically important fence of drill holes in the northern
section of the Burns Block.
Significant gold intercepts from the latest batch of assay results for holes
RR10-17 and RR10-18 are listed in the table below.
+----------+-----+-----+--------+------+------------+----------------+---------+
|DRILL HOLE|DIP °|AZ. °|FROM (m)|TO (m)|INTERVAL (m)| GOLD (g/t) |GOLD ZONE|
+----------+-----+-----+--------+------+------------+----------------+---------+
| RR10-17 | 75° |355° | 350 | 364 | 14.0 |Highly Anomalous| #283 |
| | | | | | | | |
| | | | 397 | 411 | 14.0 |Highly Anomalous| |
| | | | | | | | |
|including | | | 403 | 407 | 4.0 | 1.13 | |
| | | | | | | | |
| | | | | | | | |
+----------+-----+-----+--------+------+------------+----------------+---------+
| RR10-18 | 88° |355° | 178 | 183 | 5.0 | 0.83 | #283 |
| | | | | | | | |
| | | | 488 | 569 | 81.0 | 5.08 | |
| | | | | | | | |
|including | | | 488 | 516 | 28.0 | 13.28 | |
| | | | | | | | |
| including| | | 490 | 491 | 1.0 | 4.43 | |
| | | | | | | | |
| including| | | 497 | 507 | 10.0 | 35.93 | |
| | | | | | | | |
|including | | | 542 | 553 | 11.0 | 2.01 | |
| | | | | | | | |
| including| | | 545 | 546 | 1.0 | 15.60 | |
| | | | | | | | |
| | | | | | | | |
+----------+-----+-----+--------+------+------------+----------------+---------+
Shane Hu, P.Geo., Project Geologist for Bayfield Ventures is the Qualified
Person, as defined by National Instrument 43-101 and supervised both the project
field and the preparation of the technical information in this release.
About Bayfield Ventures Corp.
Bayfield Ventures Corp. is exploring for gold in the Rainy River District of
north-western Ontario.
The Company has approximately 41 million shares outstanding.
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
"Don Myers"
_______________________________
DONALD G. MYERS
Director
For further information contact myself:
Don 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#1443326]
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
Unternehmensinformation / Kurzprofil:
Datum: 08.09.2010 - 17:01 Uhr
Sprache: Deutsch
News-ID 41794
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contact information:
Town:
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Kategorie:
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