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
17 10월 2013 - 7:30PM
Marketwired Canada
Bayfield Ventures Corp. (TSX VENTURE:BYV)(PINKSHEETS: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 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
----------------------------------------------------------------------------
(i) g/t = grams per metric tonne
(i) The true width lengths are estimated to be approximately 55%-65% of down
hole interval
(i) 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%
(i) 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 greater than 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 greater than 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 VENTURE:BYV), visit the
Company's web site at www.bayfieldventures.com.
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
www.sedar.com for further information.
FOR FURTHER INFORMATION PLEASE CONTACT:
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)
info@bayfieldventures.com
www.bayfieldventures.com
Envoy Strategic Partners Investor Relations
Jay Bedard
416-977-7778
jay@envoystrategicpartners.com
(TSXV:BYV)
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