|By Marketwired .||
|September 4, 2014 06:00 AM EDT|
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/04/14 -- Bayfield Ventures Corp. (TSX VENTURE:BYV)(PINKSHEETS:BYVVF)(FRANKFURT:B4N) is pleased to announce its drilling plans for the Company's Rainy River gold-silver project in north-western Ontario. Bayfield's flagship Burns Block property 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 deposit.
Rainy River District Gold Zones:
Rainy River District Claims Map:
Bayfield anticipates its Rainy River drill program to start on the 15th of September.
Additional Discovery Potential on Burns Block Property:
Recommendations contained within the January 23, 2014 NI 43-101 Technical Report and Mineral Resource Estimate indicate the need for additional exploration drilling in the central portion of the Burns Block and additional delineation drilling on the Western Burns Zone and East Burns - Intrepid Zone of the property.
The majority of past drilling on the Burns Block has been concentrated on the western and eastern sides of the property. The central part of the property requires additional testing. The resources that have been identified cross the property boundaries onto the adjacent ground held by New Gold to the west and to the east.
Specific targets remain for additional discovery on the Burns Block. These targets have been grouped into four categories:
1. Western Burns Zone: Additional drilling at depth on the Western Burns high grade zone would help fill in large holes in the model that have not been assigned a grade, due to a lack of data. 2. East Burns - Intrepid Zone: Approximately 170 metres of plan view strike length extension potential of the southwest plunging East Burns - Intrepid high grade shoot remains untested along the southeast to south- central portion of the Burns Block. The down plunge length of this target is in excess of 220 metres. This down plunge extension has no drilling into the targeted high grade Intrepid Shoot. 3. Central Burns Block Main Zone: Several holes collared in the sparsely drilled 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. 4. 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. The presence of multiple mineralized horizons located above and below the robust Intrepid Shoot has been previously described by Rainy River Resources following delineation drilling of the shallow portion of the Intrepid immediately to the east of the Burns Block.
For additional information please refer to the full report posted on Bayfield's web site and filed on SEDAR, www.sedar.com, dated January 23, 2014: BURNS BLOCK NATIONAL INSTRUMENT 43-101 COMPLIANT TECHNICAL REPORT.
Additional Discovery Potential on "B" Block Property:
Recommendations contained within the February 14, 2013 NI 43-101 Technical Report indicate the need for additional exploration drilling on Bayfield's "B" Block property.
The mine trend rock package is sharply deflected to the NNE along the western margin of the Black Hawk Stock. Logging results from diamond drill holes completed by Bayfield on the "B" Block confirm the presence of iron formations, argillite units and the well foliated and strongly sericite altered quartz porphyry dacite intrusive rocks rock package that hosts high grade and disseminated gold and silver mineralization at the "B" and Burns Block properties, as well hosting the bulk of the identified mineralization on New Gold's properties.
Rainy River Geological Map of the Burns Block and "B" Block:
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 "B" Block property. These well mineralized intervals occur within wide envelopes of lower grade mineralization and are mineralogically and texturally very similar to the mineralized zones at the Burns Block property.
The interpreted high potential for additional gold-silver discoveries at the "B" Block are from encouraging results in 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. "B" Block drilling has been shallow and the property is essentially unexplored below 250 metres from surface. The combination of very favourable geology and the known presence of gold-silver-copper-zinc mineralization make the "B" Block a very high quality target area for further discoveries through detailed exploration.
For additional information on the "B" Block Technical Report please refer to the full report posted on Bayfield's web site and filed on SEDAR, www.sedar.com, dated February 14, 2013 and titled: "B" BLOCK NATIONAL INSTRUMENT 43-101 COMPLIANT TECHNICAL REPORT.
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. 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.
Bayfield Ventures Corp.
James G. Pettit
Chairman and CEO
Telephone: 604-687-3376 or Toll Free: 800-567-8181
Bayfield Ventures Corp.
Telephone: 604-687-3376 or Toll Free: 800-567-8181
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