Bayfield Drills 34.50m of 1.24 g/t AuEq in Near Surface Drilling
VANCOUVER, BC -- (Marketwire) -- 09/08/11 --
min-width:0cm;
Suite 2230 - 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
www.bayfieldventures.com
TSX-V Trading Symbol: BYV Telephone: (604)
Email:info@bayfieldventures.com 687-3376
Facsimile:
(604)
687-3119
NEWS RELEASE
September 8, 2011
Bayfield Drills 34.50m of 1.24 g/t AuEq in Near Surface Drilling and
Discovers
New Shallow Gold Mineralization in East-Central Portion of Burns Block
in Rainy River, Ontario
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the
'Company')
is pleased to announce an additional significant gold and silver
intercepts on
its 100% owned Burns Block property in the Rainy River District of north-
western
Ontario. The Burns Block is situated adjacent to the east and on strike to
Rainy
River Resources' (TSX-V: RR) multi-million ounce gold and silver deposit.
Rainy River Gold properties Claims Map:
http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf
Highlights:
* Far North Fence definition drilling continues to intercept wide zones
of
near surface gold and silver mineralization.
* Hole RR11-76 intercepted 34.50 metres of mineralization grading 0.56
g/t Au
and 30.47 g/t Ag starting at 36.50 metres down hole and includes 1.0
metre
grading 5.81 g/t Au and 773.00 g/t Ag.
* South Fence drilling continues to show mineralized zones including
33.50
metres of 1.10 g/t Au and 11.49 g/t Ag in hole RR11-61.
* Hole RR11-95 intercepted 14.50 metres of mineralization grading 0.65
g/t Au
and 24.42 g/t Ag starting at 73.0 metres down hole. This intercept
contains
a high grade core of 5.10 metres grading 1.38 g/t Au and 33.30 g/t Ag.
* Central fence eastward step-out drilling results include 7.7 metres of
1.32
g/t Au and 4.02 g/t Ag in hole RR11-94.
* A new zone of near surface gold mineralization has been discovered in a
widely spaced step-out hole RR11-131, 500 metres east of the western
property boundary. The mineralization is in the hanging wall of the
main
zone and has returned 2.3 metres of 1.11 g/t Au.
3D Video of Bayfield's Burns Block Drilling:
http://www.bayfieldventures.com/i/media/video1/video1.html
Discussion of Current Results:
Infill and eastward exploration drilling on the Far North Fence has
continued to
show a locally well mineralized shear zone at near surface levels. In
some
cases, mineralization commences immediately under glacial till
cover. The
pattern of strong gold and silver mineralization being associated in
intervals
of mm-scale cracks filled with sulfides and electrum is continuing. These
cracks
are dominantly oriented at low to sub parallel angles to the core axis.
This
geometry strongly suggests that late and potentially north-south
oriented
fractures were a primary location for deposition of high grade
mineralization at
the Burns Block.
The new discovery of gold mineralization within sericite altered zones
in the
hanging wall of the main zone on the north-central portion of the property
is an
important development. There has been no previous drilling on this area
of the
Burns Block which is about 500 metres to the east of the western border.
Hole
RR11-131 intercepted four distinct mineralized zones commencing at 12.50
metres
down hole. This mineralization looks very similar to the typical main
zone
mineralization as it contains dark brown sphalerite and locally abundant
galena
as well as local smears of electrum. The near surface nature of
these new
mineralized intervals is very encouraging and a detailed plan for
follow-up
drilling and surface sampling is now being developed. Notably, hole
RR11-131
lies approximately 100 metres west of the area of multi-gram gold
mineralization
in surface samples previously reported last fall.
Updated Burns Block Drilling Exploration Map:
http://www.bayfieldventures.com/i/maps/BYV_Burns_Exploration_Map_July_2010.
jpg
Current Gold and Silver Assay Results:
---------- -------- ------- ------------ ------- ------- --------- -------
----
|Drill Hole|From (m)|To (m) |Interval (m)| Au | Ag | AuEq |Drill
Fence|
| | | | | (g/t) | (g/t) | (g/t) |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-65 | 32.00 | 42.40 | 10.40 | 0.18 | 8.30 | 0.36 | Far
North |
| | | | | | | |
Fence |
| | 53.00 | 69.50 | 16.50 | 0.33 | 7.58 | 0.50 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-66 | 33.50 | 35.00 | 1.50 | 0.13 | 13.70 | 0.43 |
|
| | | | | | | |
|
| | 41.00 | 42.50 | 1.50 | 0.22 | 6.70 | 0.37 | Far
North |
| | | | | | | |
Fence |
| | 60.50 | 62.00 | 1.50 | 0.35 | 4.10 | 0.44 |
|
| | | | | | | |
|
| | 68.00 | 69.50 | 1.50 | 0.34 | 1.80 | 0.38 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-69 | 30.50 | 54.50 | 24.00 | 0.41 | 22.10 | 0.90 |
|
| | | | | | | |
|
|Including | 45.00 | 47.00 | 2.00 | 1.57 |129.75 | 4.45 | Far
North |
| | | | | | | |
Fence |
| | 59.00 | 60.50 | 1.50 | 0.37 | 6.80 | 0.52 |
|
| | | | | | | |
|
| | 66.50 | 71.00 | 4.50 | 0.43 | 5.47 | 0.55 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-72 | 75.50 |107.00 | 31.50 | 0.25 | 8.16 | 0.43 | Far
North |
| | | | | | | |
Fence |
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-74 | 32.00 | 51.50 | 19.50 | 0.45 | 8.90 | 0.65 |
|
| | | | | | | |
|
|Including | 44.00 | 45.50 | 1.50 | 1.67 | 7.70 | 1.84 |
|
| | | | | | | |
|
| and | 50.00 | 51.50 | 1.50 | 0.79 | 18.10 | 1.19 | Far
North |
| | | | | | | |
Fence |
| | 57.50 | 71.00 | 13.50 | 0.80 | 11.88 | 1.06 |
|
| | | | | | | |
|
|Including | 59.00 | 69.50 | 10.50 | 0.90 | 12.37 | 1.17 |
|
| | | | | | | |
|
|Including | 66.50 | 69.50 | 3.00 | 1.60 | 14.90 | 1.93 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-76 | 24.50 | 26.00 | 1.50 | 0.40 | 13.80 | 0.71 |
|
| | | | | | | |
|
| | 36.50 | 71.00 | 34.50 | 0.56 | 30.47 | 1.24 |
|
| | | | | | | | Far
North |
|Including | 63.00 | 64.00 | 1.00 | 5.81 |773.00 | 22.99 |
Fence |
| | | | | | | |
|
| RR11-84 | 23.00 | 32.00 | 9.00 | 0.34 | 9.45 | 0.55 |
|
| | | | | | | |
|
| | 60.20 | 61.70 | 1.50 | 0.32 | 2.90 | 0.38 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-85 | 34.50 | 39.00 | 4.50 | 0.27 | 2.87 | 0.33 |
|
| | | | | | | |
|
| | 51.00 | 57.00 | 6.00 | 0.58 | 5.85 | 0.71 | Far
North |
| | | | | | | |
Fence |
|Including | 52.50 | 54.00 | 1.50 | 1.07 | 3.40 | 1.15 |
|
| | | | | | | |
|
| | 66.00 | 67.50 | 1.50 | 0.47 | 1.10 | 0.49 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-86 | 20.00 | 21.50 | 1.50 | 0.24 | 5.50 | 0.36 | Far
North |
| | | | | | | |
Fence |
| | 42.50 | 53.00 | 10.50 | 0.43 | 4.36 | 0.53 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-88 | 29.00 | 30.50 | 1.50 | 0.17 | 26.50 | 0.76 |
|
| | | | | | | |
|
| | 47.00 | 54.50 | 7.50 | 0.34 | 11.84 | 0.60 |
|
| | | | | | | | Far
North |
|Including | 53.00 | 54.50 | 1.50 | 0.78 | 28.60 | 1.42 |
Fence |
| | | | | | | |
|
| | 59.00 | 66.50 | 7.50 | 0.22 | 18.44 | 0.63 |
|
| | | | | | | |
|
| | 90.50 | 92.00 | 1.50 | 0.52 | 2.10 | 0.57 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-89 | 23.00 | 24.50 | 1.50 | 0.95 | 46.50 | 1.98 |
|
| | | | | | | |
|
| | 32.00 | 33.50 | 1.50 | 0.27 | 5.70 | 0.40 |
|
| | | | | | | | Far
North |
| | 41.00 | 51.50 | 10.50 | 0.64 | 19.60 | 1.08 |
Fence |
| | | | | | | |
|
|Including | 44.00 | 48.50 | 4.50 | 1.09 | 34.77 | 1.86 |
|
| | | | | | | |
|
| | 56.00 | 59.00 | 3.00 | 0.30 | 14.75 | 0.63 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-90 | 38.00 | 45.50 | 7.50 | 0.28 | 7.82 | 0.45 | Far
North |
| | | | | | | |
Fence |
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-95 | 57.50 | 60.50 | 3.00 | 0.16 | 15.85 | 0.51 |
|
| | | | | | | | Far
North |
| | 73.00 | 87.50 | 14.50 | 0.65 | 24.42 | 1.19 |
Fence |
| | | | | | | |
|
|Including | 78.00 | 83.10 | 5.10 | 1.38 | 33.30 | 2.12 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-96 | 59.00 | 60.50 | 1.50 | 0.14 | 21.00 | 0.61 | Far
North |
| | | | | | | |
Fence |
| | 65.00 | 81.50 | 16.50 | 0.27 | 10.78 | 0.51 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-97 | 26.00 | 27.50 | 1.50 | 0.98 | 0.50 | 0.99 |
|
| | | | | | | | Far
North |
| | 42.50 | 68.00 | 25.50 | 0.30 | 13.32 | 0.60 |
Fence |
| | | | | | | |
|
| | 72.50 | 74.00 | 1.50 | 0.19 | 9.90 | 0.41 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-99 | 57.50 | 65.00 | 7.50 | 0.38 | 15.60 | 0.73 | Far
North |
| | | | | | | |
Fence |
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-100 | 45.50 | 51.50 | 6.00 | 0.18 | 12.88 | 0.47 | Far
North |
| | | | | | | |
Fence |
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-101 | 53.00 | 54.50 | 1.50 | 0.34 | 3.30 | 0.41 | Far
North |
| | | | | | | |
Fence |
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-73 | 14.00 | 15.50 | 1.50 | 0.65 | 2.20 | 0.70 |
|
| | | | | | | |
|
| | 204.50 |206.00 | 1.50 | 0.16 | 10.50 | 0.39 |
Central |
| | | | | | | |
Fence |
| | 218.00 |222.50 | 4.50 | 0.46 | 12.37 | 0.73 |
|
| | | | | | | |
|
| | 219.50 |221.00 | 1.50 | 0.67 | 20.80 | 1.13 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-79 | 216.50 |221.00 | 4.50 | 0.45 | 9.00 | 0.65 |
Central |
| | | | | | | |
Fence |
| | 255.50 |257.00 | 1.50 | 0.32 | 8.50 | 0.51 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-87 | 287.50 |289.00 | 1.50 | 0.96 | 6.20 | 1.10 |
|
| | | | | | | |
Central |
| | 294.50 |296.00 | 1.50 | 0.55 | 9.70 | 0.77 |
Fence |
| | | | | | | |
|
| | 351.50 |354.50 | 3.00 | 0.53 | 4.10 | 0.62 |
|
---------- -------- ------- ------------ ------- ------- --------- -------
----
| RR11-92 | No Significant Value |
Central |
| | |
Fence |
---------- --------- ------ ------------- ----- ----- ------------ -------
----
| RR11-93 | 263.00 |264.50| 1.50 |0.35 |2.90 | 0.41 |
Central |
| | | | | | | |
Fence |
---------- --------- ------ ------------- ----- ----- ------------ -------
----
| RR11-94 | 291.30 |299.00| 7.70 |1.32 |4.02 | 1.40 |
|
| | | | | | | |
|
|Including | 292.30 |293.30| 1.00 |7.90 |14.30| 8.22 |
|
| | | | | | | |
Central |
| | 317.00 |323.00| 6.00 |1.32 |5.18 | 1.43 |
Fence |
| | | | | | | |
|
|Including | 321.00 |322.00| 1.00 |5.56 |10.30| 5.79 |
|
| | | | | | | |
|
| | 333.50 |338.00| 4.50 |0.34 |3.00 | 0.41 |
|
---------- --------- ------ ------------- ----- ----- ------------ -------
----
| RR11-102 | No Significant Value |North
Fence|
---------- ------------------------------------------------------- -------
----
| RR11-103 | No Significant Value |North
Fence|
---------- --------- ------ ------------- ----- ----- ------------ -------
----
| RR11-131 | 12.50 |14.00 | 1.50 |0.66 |4.40 | 0.76 |
|
| | | | | | | |
|
| | 20.00 |21.50 | 1.50 |0.59 |0.50 | 0.60 |
|
| | | | | | | |
|
| | 56.00 |59.00 | 3.00 |0.56 |2.20 | 0.61 |
|
| | | | | | | |North
Fence|
| | 102.50 |104.80| 2.30 |1.11 |3.00 | 1.18 |
|
| | | | | | | |
|
|Including | 104.00 |104.80| 0.80 |1.98 |6.20 | 2.12 |
|
| | | | | | | |
|
| | 141.40 |142.70| 1.30 |0.33 |2.30 | 0.38 |
|
---------- --------- ------ ------------- ----- ----- ------------ -------
----
| RR11-134 | 3.50 | 5.00 | 1.50 |0.36 |2.20 | 0.41 |
|
| | | | | | | |
|
| | 29.00 |30.50 | 1.50 |0.72 |2.00 | 0.76 |
|
| | | | | | | |North
Fence|
| | 36.50 |41.00 | 4.50 |0.56 |7.77 | 0.73 |
|
| | | | | | | |
|
|Including | 36.50 |38.00 | 1.50 |1.15 |12.00| 1.42 |
|
---------- --------- ------ ------------- ----- ----- ------------ -------
----
| RR11-61 | 189.50 |191.00| 1.50 |0.81 |3.30 | 0.88 |
|
| | | | | | | |
|
| | 518.00 |519.50| 1.50 |1.73 |11.90| 1.99 |
|
| | | | | | | |
|
| | 536.00 |587.00| 51.00 |0.82 |9.32 | 1.03 |
|
| | | | | | | |
|
|Including | 540.00 |573.50| 33.50 |1.10 |11.49| 1.35 |
|
| | | | | | | |South
Fence|
|Including | 548.00 |555.50| 7.50 |3.07 |22.69| 3.57 |
|
| | | | | | | |
|
|Including | 549.00 |550.00| 1.00 |14.90|40.30| 15.80 |
|
| | | | | | | |
|
| | 602.00 |609.50| 7.50 |0.29 |2.92 | 0.35 |
|
| | | | | | | |
|
| | 614.00 |615.50| 1.50 |0.54 |3.50 | 0.62 |
|
---------- --------- ------ ------------- ----- ----- ------------ -------
----
| RR11-78 | 177.10 |178.60| 1.50 |0.48 |0.70 | 0.50 |
|
| | | | | | | |
|
| | 405.80 |413.30| 7.50 |0.28 |10.84| 0.52 |
|
| | | | | | | |
|
| | 426.00 |428.30| 2.30 |0.18 |7.40 | 0.34 |South
Fence|
| | | | | | | |
|
| | 431.30 |432.80| 1.50 |0.26 |5.30 | 0.38 |
|
| | | | | | | |
|
| | 449.30 |450.80| 1.50 |0.72 |3.50 | 0.80 |
|
---------- --------- ------ ------------- ----- ----- ------------ -------
----
| RR11-91 | 421.00 |425.50| 4.50 |0.38 |5.40 | 0.50 |
|
| | | | | | | |
|
| | 430.00 |442.00| 12.00 |0.76 |22.44| 1.26 |
|
| | | | | | | |
|
|Including | 430.00 |439.00| 9.00 |0.94 |25.28| 1.50 |
|
| | | | | | | |South
Fence|
|Including | 430.00 |431.50| 1.50 |2.77 |48.80| 3.85 |
|
| | | | | | | |
|
| | 455.50 |457.00| 1.50 |0.29 |6.60 | 0.44 |
|
| | | | | | | |
|
| | 461.50 |466.00| 4.50 |0.44 |11.27| 0.69 |
|
---------- --------- ------ ------------- ----- ----- ------------ -------
----
| RR11-98 | 164.80 |166.10| 1.30 |0.88 |1.20 | 0.91 |
|
| | | | | | | |
|
| | 450.00 |462.50| 12.50 |0.82 |11.80| 1.08 |
|
| | | | | | | |
|
|Including | 456.50 |459.50| 3.00 |1.63 |25.35| 2.19 |South
Fence|
| | | | | | | |
|
| | 470.00 |477.50| 7.50 |0.57 |12.58| 0.85 |
|
| | | | | | | |
|
|Including | 471.50 |474.50| 3.00 |1.09 |19.65| 1.53 |
|
---------- --------- ------ ------------- ----- ----- ------------ -------
----
* g/t = grams per metric tonne
* The down hole interval lengths are estimated to be approximately 65%-
95% of
true width
* AuEq (gold equivalent) values calculated at a 45 to 1 (gold price vs.
silver
price) ratio and metallurgical recoveries and net smelter returns are
assumed to
be 100%
* The intervals were determined using a 0.35 g/t gold equivalent cut-off
grade
with a maximum gap of 3.0 metres between intervals below the cut-off grade
Current Exploration Summary:
Bayfield is currently restarting the drilling of the Burns Block
following a
three week shutdown to allow assay data to catch up with the drill
program. Two
components will be the focus of the continuing program in which about
40,000
metres remained to be drilled. The first is the continued
exploration and
definition drilling of near surface mineralization in the northwest
portion of
the Burns Block including any new drill targets that develop as assay
results
continue to stream in.
The second part of the exploration will focus on the area around and to the
east
of hole RR11-131 as it appears a new area of near surface
mineralization is
present based on the results of both recent drilling and the surface
sample
assay results reported late in 2010. This exploration work will involve
both
additional shallow drilling as well as surface channel sampling using a
portable
rock saw.
Cross Section of Drilling on Burns Block Looking East:
http://www.bayfieldventures.com/i/misc/BYV_Cross_Section_Looking_East_All_H
oles.
jpg
Contracting of an additional diamond drill rig to conduct
reconnaissance
exploration on Bayfield's 1,977 acre, 100% owned 'C' Block to the west is
being
planned. The 'C' Block is strategically positioned along the western
extension
of the Rainy River gold district and covers similar lithologies and
structures
to those hosting Rainy River Resources' main gold zones. No diamond
drilling has
been carried out yet on the property but previous ground work and
geophysical
surveys indicate that the 'C' Block has the potential to host significant
gold
and silver mineralization. Ground conditions will be the deciding
factor in
whether this exploration can be commenced this fall or whether it will
have to
wait until freeze-up in early 2012.
Airborne Cesium Magnetic Survey of 'C' Block:
http://www.bayfieldventures.com/i/maps/BYV_Geophysics_Mag_C.jpg
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, 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 62.2 million shares outstanding and approximately $7
million in
its treasury.
On February 15th, Bayfield Ventures was recognized as a TSX Venture
50® company
in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under
license.
The TSX Venture 50® are the top 10 companies listed on the TSX Venture
Exchange,
in each of five major industry sectors - mining, oil & gas, technology &
life
sciences, diversified industries and clean technology - based on a ranking
formula with equal weighting given to return on investment, market cap
growth,
trading volume and analyst coverage. All data was as of December 31, 2010.
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
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.
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#1544906]
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@bayfieldventures.com
Other Contact:
Envoy Strategic Partners Investor Relations
Jay Bedard
Telephone: 416-977-7778
Email:jay@envoystrategicpartners.com