Category: Silver / Gold

Bayfield Ventures Drills 5.7 Grams Per Tonne Gold Over 2 Metres on Its Rainy River Claim Block

Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) (the "Company") is pleased to announce drill results from its recently completed drill program on the Company's "B" claim block, located in Richardson township, in the Rainy River district, Northwestern Ontario. The "B" claim block is located to the immediate east of the major ongoing drill program being carried out by Rainy River Resources Ltd.

Rainy River Ontario Claims Map:
http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf

Bayfield Ventures completed a 4 hole drill program (1192 meters in total) concentrated in the southwest corner of the "B" claim block. Mineralization on "B" claim block was encountered in felsic pyroclastics flanking a strong north-south trending growth fault on the property.

The fault is the most easterly of a series of north-south trending faults in the area. A number of distinct pebbly pyroclastic units abut this fault and trend off to the southwest.

Strongly elevated gold values have been encountered along this fault and significant gold values were obtained in Bayfield's hole RR08-2 intersected 5.7 grams per tonne gold over 2 metres in pyroclastic units abutting the fault. The intercept in RR08-2 was within a 20 metre thick zone with elevated to strongly anomalous gold values. All 4 holes encountered wide sections of elevated to strongly anomalous gold values. All gold values are typically associated with sulfides and elevated zinc values.

Hole RR08-1 encountered elevated to strongly anomalous gold values of 200 ppb to 1900 ppb Au over 38.8 metres from 92 metres to 130.8 metres, including 1.95 g/t Au over 1 metre from 99.7 metres to 100.7 metres.

Hole RR08-2 encountered elevated to strongly anomalous gold values over a 21 metre intersection from 251 metres to 272 metres including 5.7 g/t Au (.17 oz/t Au) over 2 metres from 257 metres to 259 metres.

Hole RR08-3 encountered elevated to strongly anomalous gold values from 177 metres to 188 metres.

Hole RR08-4 encountered elevated to strongly anomalous gold values of 200 ppb to 900 ppb Au over 28 metres from 26.5 metres to 54.5 metres.

The mineralization encountered on Bayfield's "B" claim block occurs in an environment similar to that hosting gold values on the Bayfield's "Burns" block and on the main 17 zone of Rainy River Resources Ltd., all to the southwest. It is very likely that some of the lithological units are correlative across the area. All of this auger well for defining deposit scale mineralization on ground held by Bayfield Ventures Corp. in the immediate area. The Company is of the opinion that the highly altered dacitic tuff breccia zone, seen in the Rainy River Resources core, continues in an easterly trend on to the "B" claim block held 100% by Bayfield Ventures.

Bayfield believes that the geological setting on the "B" claim block is similar to drill results announced by Rainy River Resources (see their news release Sept 9, 2008) reporting a new high-grade gold discovery with up to 12.17 g/t gold over 5.2 metres. This new gold discovery is located approximately 800 metres from the southwest portion of the Bayfield's "B" claim block.

David J. Busch, B.A., B.Sc., PGeo., is the qualified person under the meaning of National Instrument 43-101 and has reviewed the data in this News Release.

Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario. Property partners include Goldcorp.

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

Donald C. Huston, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various 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. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.
 

The TSX Venture and Frankfurt Stock Exchanges have not reviewed and do not accept responsibility for the adequacy or accuracy of the content of this press release.

 

 

 

Videos / Webinars

View all videos