Bayfield Completes 2013 Drill program at Rainy River Burns Block, NW Ontario
26 11월 2013 - 7:00PM
Marketwired Canada
Bayfield Ventures Corp. (TSX VENTURE:BYV) (PINKSHEETS:BYVVF) (FRANKFURT:B4N)
announces further assays results and the completion of its 2013 exploration
drill program at the Company's Burns Block gold-silver project, Rainy River
district, north-western Ontario. The Burns Block is surrounded by New Gold's
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 zone.
Rainy River District Gold Zones:
http://www.bayfieldventures.com/i/maps/BYV-Burns-Gold-Zones-NOV-2012.jpg
Highlights:
-- East Burns - Intrepid Zone extended down plunge by recent exploration
drill program.
-- Final drill hole RR13-11W4 intersected 11.90 g/t gold and 26.25 g/t
silver over 3.0 metres including 19.70 g/t gold and 34.10 g/t silver
over 1.5 metres.
-- Summary of significant drill results to date at expanding East Burns -
Intrepid Zone.
-- Approx. 120 metres of strike length potential of the plunging East Burns
- Intrepid Zone remains untested.
-- Potential for additional gold-silver discoveries at the "B" Block.
Rainy River District Claims Map:
http://www.bayfieldventures.com/i/maps/BYVRRMapwopit.jpg
Burns Block Geologic and Exploration Overview:
Drilling on the Burns Block property has confirmed the widespread distribution
of gold and silver in high grade shoots within surrounding mineralized
envelopes. These shoots are concentrated both in the western portion of the
property directly on strike with the ODM17 gold-silver deposit of New Gold and
in the eastern portion of the property in a position directly down plunge of the
recently discovered Intrepid Zone of New Gold Inc. The central portion of the
Burns Block property has not yet been explored in detail due to early
prioritization of drilling in areas of success, first in the western area and
subsequently in the eastern area.
Western Burns geologic cross section map:
http://www.bayfieldventures.com/i/maps/BYV_426370_E_Geol_Section_Arc_Final-2.jpg
A well-established characteristic of main zone foliated dacite porphyry hosted
gold-silver mineralization at the Burns Block is the presence of very wide
(greater than 30 metres) zones of low grade gold-silver mineralization. More
important, as an exploration guide, is that these low grade zones have been
shown to be the envelope of high grade shoots of gold-silver mineralization and
provide a very robust exploration model that points to the importance of close
spaced drilling in and around areas of low grade mineralization.
Mineralized shoots and surrounding envelopes of disseminated mineralization are
hosted by strongly foliated and sericite-silica altered quartz porphyry dacite
intrusions and local fragmental dacite volcanic rocks. The foliation appears to
be related to shearing and is near coincident with the strike and dip of the
hanging wall and main zone dacites. This foliated shear zone crosses the entire
Burns Block property before being warped northward to traverse Bayfield's "B"
Block property before passing into the Black Hawk stock.
Gold and silver mineralization is best developed within complexly deformed base
metal and grey quartz veinlet swarms within the sheared, foliated dacite
porphyry. The shoots and surrounding envelopes strike at 85 to 110 degrees and
plunge at 55 to 65 degrees to the southwest on the Burns Block property.
East Burns - Intrepid geologic cross section map:
http://www.bayfieldventures.com/i/maps/427050_E_Geol_Section_Arc_Final-1.jpg
The East Burns - Intrepid gold-silver zone on the Burns Block has been extended
down plunge by the Bayfield's recent exploration drill program.
Final drill hole RR13-11W4 returned 11.90 g/t gold and 26.25 g/t silver over 3.0
metres including 19.70 g/t gold and 34.10 g/t silver over 1.5 metres as well as
an upper zone returning 3.76 g/t gold and 6.50 g/t silver over 3.0 metres.
The comparison of logging and assay results for the RR13-11 mother hole and
wedge holes W1, W2, W3 and W4 continues to show that the East Burns - Intrepid
shoot is continuing 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 (107.80 g/t gold and 37.46 g/t silver over 7.5
metres including 528.00 g/t (18.63 oz/t) gold and 103.00 g/t silver over 1.5
metres announced Oct. 1st).
Final assay results of remaining 3 completed 2013 drill holes are presented in
the table below.
----------------------------------------------------------------------------
Drill Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t) AuEq (g/t)
----------------------------------------------------------------------------
RR13-12 617.00 618.50 1.50 2.92 68.10 4.28
----------------------------------------------------------------------------
641.00 645.50 4.50 0.51 1.70 0.54
----------------------------------------------------------------------------
650.00 653.00 3.00 2.04 4.45 2.13
----------------------------------------------------------------------------
including 651.50 653.00 1.50 3.48 8.10 3.64
----------------------------------------------------------------------------
657.50 659.00 1.50 1.71 4.70 1.80
----------------------------------------------------------------------------
RR13-15 281.50 283.70 2.20 1.12 9.80 1.32
----------------------------------------------------------------------------
671.00 678.50 7.50 0.52 1.11 0.54
----------------------------------------------------------------------------
695.00 698.00 3.00 1.24 10.95 1.46
----------------------------------------------------------------------------
including 696.50 698.00 1.50 2.07 15.70 2.38
----------------------------------------------------------------------------
RR13-11W4 648.50 656.00 7.50 2.08 4.22 2.16
----------------------------------------------------------------------------
including 653.00 656.00 3.00 3.76 6.50 3.89
----------------------------------------------------------------------------
including 654.50 656.00 1.50 5.37 9.10 5.55
----------------------------------------------------------------------------
668.00 671.00 3.00 11.90 26.25 12.43
----------------------------------------------------------------------------
including 669.50 671.00 1.50 19.70 34.10 20.38
----------------------------------------------------------------------------
(i) g/t = grams per metric tonne
(i) The true width lengths are estimated to be approximately 55%-65% of down
hole intervals
(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
Notable drill intercepts to date at East Burns - Intrepid Zone are presented in
the table below:
----------------------------------------------------------------------------
Drill Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t)
----------------------------------------------------------------------------
RR12-5 549.00 552.00 3.00 13.94 16.70
----------------------------------------------------------------------------
RR12-7 547.30 549.20 1.90 11.98 269.37
----------------------------------------------------------------------------
RR12-12 591.50 594.50 3.00 14.45 53.95
----------------------------------------------------------------------------
RR12-30 620.00 627.30 7.30 13.46 46.55
----------------------------------------------------------------------------
including 626.40 627.30 0.90 75.50 172.00
----------------------------------------------------------------------------
RR12-34 651.50 673.50 22.00 10.31 45.67
----------------------------------------------------------------------------
Including 656.00 667.60 11.60 17.04 79.07
----------------------------------------------------------------------------
RR12-34W1 650.00 665.00 15.00 11.06 57.05
----------------------------------------------------------------------------
RR12-34W2 635.00 651.00 16.00 10.47 34.68
----------------------------------------------------------------------------
RR13-7 616.20 628.10 11.90 12.19 30.05
----------------------------------------------------------------------------
RR13-11 677.00 684.50 7.50 107.80 37.46
----------------------------------------------------------------------------
including 680.00 681.50 1.50 528.00 103.00
----------------------------------------------------------------------------
RR13-11W1 671.00 677.00 6.00 14.34 61.40
----------------------------------------------------------------------------
RR13-11W4 668.00 771.00 3.00 11.90 26.25
----------------------------------------------------------------------------
including 669.50 671.00 1.50 19.70 34.10
----------------------------------------------------------------------------
(i) g/t = grams per metric tonne
(i) The true width lengths are estimated to be approximately 55%-95% of down
hole intervals
(i) The intervals were determined using .35 g/t or 2.5 g/t gold cut-off grade
when previously announced with a maximum gap of 3.0 metres between intervals
below the cut-off grade
Burns Block Remaining Discovery Potential:
Significant targets remain for additional discovery on the Burns Block property.
These targets can be grouped into three categories:
1. Down plunge East Burns - Intrepid Zone; approximately 120 metres of
strike length potential of the southwest plunging East Burns - Intrepid
Zone remains untested along the southeast to south-central portion of
the Burns Block property.
2. Mineralized zones in both the hanging wall and footwall of the main
zone; completed drilling clearly shows the presence of multi-gram gold
and silver mineralization in positions above and below the main zone.
Several wide, significant mineralized zones lying below the main zone
have been intersected but remain completely open due to lack of
drilling. These targets are concentrated in the under explored central
portion of the property.
3. Central Burns Block main zone; several holes collared in the sparsely
drilled north central portion of the Burns Block property have
intersected 5 to 15 metre wide zones of low grade to gram level gold
mineralization hosted within the sheared, foliated quartz porphyry
dacite. These intersections have not been followed up and present the
potential of being associated with additional undiscovered shoots of
higher grade mineralization.
Bayfield is assessing all data in contemplation of a continuance of the Burns
Block drill program in early 2014.
"B" Block Remaining Discovery Potential:
The mine trend rock package is sharply deflected to the NNE along the western
margin of the Black Hawk Stock and has been confirmed by Bayfield Ventures
during limited 2013 diamond drilling on the "B" Block property. Logging results
from diamond drill holes completed by Bayfield confirm the presence of iron
formations, argillite units, hornfelsed, mafic tuffaceous sediments and well
foliated quartz porphyry dacite intrusive rocks at the "B" Block property.
Rainy River Geological Map of the Burns Block and "B" Block
http://www.bayfieldventures.com/i/maps/RRDGeo_BurnsAndBBlock.jpg
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 property. These well mineralized intervals occur within wide envelopes
of lower grade mineralization and are mineralogically very similar to the
mineralized zones at the Burns Block property.
The potential for additional gold-silver discoveries at the "B" Block is due to
encouraging results from 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. The "B" Block is essentially unexplored below 250
metres from surface. The combination of very favorable geology and the known
presence of gold-silver-copper-zinc mineralization make the "B" Block a very
high quality target area for further exploration.
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.
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.
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 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
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