|By Marketwired .||
|August 1, 2014 02:41 PM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 08/01/14 -- Beaufield Resources Inc. ("Beaufield" or the "Corporation") (TSX VENTURE:BFD) is pleased to report surface sampling results from its summer exploration program at its Urban property, Quebec. The majority of the samples were taken on the Macho block, one of three blocks 100% owned by Beaufield in Urban Township Quebec.
All samples were selected grab samples in areas of limited rock exposure. The results listed in table 1 below are significant because they represent important mineralization in an area of the property with limited previous work. To date Beaufield's focus has been on the large Rouleau block which is located further east.
Table 1: Select Grab Sample Assay Results
-------------------------------------------------------------- Location Sample Au g/t Ag g/t Cu % Zn % -------------------------------------------------------------- East Showing R013304 18.3 12.6 1.38 0.014 East Showing R013306 4.5 21.0 0.65 0.002 East Showing R013309 20.0 54.9 2.43 0.012 West Showing R013313 3.4 19.7 0.18 0.009 West Showing R013314 7.1 78.2 0.71 0.426 West Showing R013315 14.8 156.0 1.61 0.858 West Showing R013316 4.6 35.6 0.32 0.035 Unnamed location R013318 6.1 4.4 0.32 0.005 --------------------------------------------------------------
A total 19 samples were taken from the property with assays performed at ALS CHEMEX Laboratories in Val d'Or, Quebec. The processed samples were submitted to a standard Fire Assay with AA technique (Au-AA-23) and Inductively Coupled Plasma Emission Spectroscopy (ME-ICP-41) on a 30 gram sub-sample. The complete list of assay results are listed in table 2 blelow: http://media3.marketwire.com/docs/960801.pdf.
The Urban property covers 8,160 hectares (81.6 square kilometres) in the Urban Township, and is located 120 km northeast of Val d'Or and consist of three blocks: Macho, Rouleau and Lac Kent. A map of the area is available below. Beaufield's properties adjoin Eagle Hill Exploration and Metanor Resources properties. Both neighboring companies are very active in Urban. Beaufield considers these initial results highly encouraging as they demonstrate the significant potential for locating gold-copper-silver deposits on the Macho block. The Macho portion of the Urban property has received no exploration attention for over fifteen years. The property is located 7 km west of the developing Windfall gold deposit in an area with excellent access and growing infrastructure. A second phase exploration program is currently being planned for early August 2014.
Table 2: Assay Results from All Grab Samples
----------------------------------------------- Sample Au g/t Ag g/t Cu % Zn % R013301 0.0 0.3 0.043 0.010 R013302 0.0 0.0 0.024 0.004 R013303 0.0 7.6 0.540 0.005 R013304 18.3 12.6 1.380 0.014 R013305 0.4 0.8 0.020 0.000 R013306 4.5 21.0 0.653 0.002 R013307 0.1 0.7 0.027 0.002 R013308 0.0 1.4 0.039 0.010 R013309 20.0 54.9 2.430 0.012 R013310 0.0 1.6 0.165 0.001 R013311 0.0 0.2 0.005 0.008 R013312 0.0 3.4 0.322 0.010 R013313 3.4 19.7 0.180 0.009 R013314 7.1 78.2 0.710 0.426 R013315 14.8 156.0 1.605 0.858 R013316 4.6 35.6 0.320 0.035 R013317 1.5 23.9 0.086 0.003 R013318 6.1 4.4 0.317 0.005 R013319 0.0 2.8 0.343 0.001 -----------------------------------------------
This news release has been prepared by Jens E. Hansen, Eng., CEO, President and director, and Mathieu Stephens, P.Geo, Chief Geologist, the Qualified Persons, as defined by National Instrument 43-101.
Beaufield is a mineral exploration company with its exploration activity focused in Quebec. Beaufield is well positioned to advance its portfolio of exploration properties and identify other potential opportunities in the mineral exploration or development stage. The Corporation is actively exploring, well financed, has no debt and has excess work credits on its properties.
The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although Beaufield deems the expectations reflected in these forward-looking statements to be reasonable, the Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.
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