Bayfield Ventures Corp. : Drills 11.0m of 12.19 g/t Gold and 30.05 g/t Silver in Rainy River, NW Ontario
VANCOUVER, BC -- (Marketwired) -- 04/23/13 --
Suite 2230 - 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
TSX-V Trading Symbol: BYV
Email: info@bayfieldventures.com
April 23, 2013
Bayfield Ventures Corp. (TSX-V: BYV) (OTC Pink: BYVVF)
(Frankfurt: B4N) is pleased to announce additional assays from the
continuing
exploration of its 100% owned Burns Block and "B" Block gold-silver
projects.
The Company's Burns and "B" Blocks are located in the Rainy River
District of
north-western Ontario and are ideally situated adjacent to the east of
Rainy
River Resources' (TSX: RR) main multi-million ounce gold-silver deposit
and to
the west of their expanding Intrepid gold-silver zone.
Rainy River District Gold Zones:
http://www.bayfieldventures.com/i/maps/BYV-Burns-Gold-Zones-NOV-2012.jpg
This news release reports highlights from twelve drill holes completed
during
our ongoing 2013 drill exploration program on the Burns and "B"
Block
properties. Drilling is continuing on the Burns Block.
The assay and geologic results presented here come from work in three
distinct
target areas: down-dip extension drilling of the developing,
high-grade East
Burns-Intrepid Zone, up-dip extension drilling of the East
Burns-Intrepid Zone,
and wide spaced drilling of our highly prospective 480 acre "B" Block
property.
The "B" Block is located directly north of the near-surface portion of
Rainy
River Resources' newly discovered Intrepid Zone.
East Burns - Intrepid Zone Down-Dip Extension Highlights:
* Drill Hole RR13-7 intersected a down hole interval of 22.90 metres
grading
8.10 g/t gold and 20.55 g/t silver including 11.00 metres of 12.19 g/t
gold
and 30.05 g/t silver. This interval commences at 615 metres down hole.
* This interval of very well developed gold and silver mineralization
occurs
within a 57.0 metre wide zone of strong alteration and mineralization
from
596.00 to 653.00 metres down hole.
* The lower portion of this wider zone returned 7.50 metres of 2.27 g/t
gold
and 20.50 g/t silver including 3.00 metres of 5.36 g/t gold and 50.60
g/t
silver.
* This lower mineralized interval appears to represent a new footwall
discovery below the main East Burns - Intrepid zone.
East Burns - Intrepid Zone Up-Dip Extension Highlights:
* Four holes have been completed near the northeast corner of the Burns
Block.
* Strong sericite alteration of quartz porphyry dacites seen under 100
metres
of capping mafic volcanic.
* Hole RR13-3 returned 3.00 metres of 2.98 g/t gold and 11.00 g/t silver
starting a depth of 308 metres below surface.
Discussion of East Burns - Intrepid Zone Down-Dip Extension Hole RR13-7:
The East Burns - Intrepid Zone down-dip extension hole RR13-7 intersected
a 57
metre wide interval of strong sericite-silica alteration that contains
three
distinct zones of gold-silver mineralization in a position 20 metres
south of
hole RR12-12 and 20 metres east of hole RR12-30, both of which
contain
previously reported high-grade gold-silver intercepts.
The best of the three mineralized zones in RR13-7 is the central one that
is the
targeted main strand of the developing East Burns - Intrepid Zone.
Gold-silver
mineralization within this main 22.90 metre down hole interval is
dominated by
native gold fracture fills and associated pin point disseminations of
native
gold and electrum. These occurrences are found both in association with
distinct
cross cutting veins and veinlets and within more irregular shaped
patches of
strong silica flooding of a quartz eye dacite porphyry host rock.
The high-grade zone is also strongly mineralized by veinlets, fracture
fills and
clotty disseminations of dark red/brown sphalerite, galena,
chalcopyrite and
arsenopyrite. The host rock, alteration, base metal mineralization and
style of
precious metal mineralization have remained remarkably consistent from our
late
2011 discovery hole, RR11-205, near the east boundary to the current
extension
drilling area approximately 220 metres to the southwest.
When combined with the 200+ metres of vertical extent of the
mineralization
discovered at East Burns to date, the apparent continuity of
geologic
characteristics and gold-silver assay results is highly encouraging and
compares
well with current descriptions of the deeper portions of Rainy Rivers'
Intrepid
Zone, located immediately east of the Burns Block property boundary.
Bayfield is
continuing the drilling of the southwest extension area of the East
Burns -
Intrepid Zone.
Burns Block Drill Hole Location Map:
http://www.bayfieldventures.com/i/maps/BYV_Burns_Block_Drill_Collar_Map_Feb_2012.jpg
Drilling Highlights from Drill Hole RR13-7 Burns Block Exploration:
+----------+--------+------+------------+--------+-----+---------+--------+
|Drill Hole|From (m)|To (m)|Interval (m)|Au (g/t)| Ag | AuEq | Drill |
| | | | | |(g/t)| (g/t) | Fence |
+----------+--------+------+------------+--------+-----+---------+--------+
| RR13-7 | 596.00 |609.00| 13.00 | 1.37 |6.20 | 1.49 | |
| | | | | | | | |
|including | 608.00 |609.00| 1.00 | 12.10 |63.90| 13.38 | |
| | | | | | | | |
| | 615.10 |638.00| 22.90 | 8.10 |20.55| 8.51 | Eastern|
| | | | | | | | Zone |
|including | 616.20 |628.10| 11.90 | 12.19 |30.05| 12.79 | |
| | | | | | | | |
| | 645.50 |653.00| 7.50 | 2.27 |22.50| 2.72 | |
| | | | | | | | |
|including | 650.00 |653.00| 3.00 | 5.36 |50.60| 6.37 | |
+----------+--------+------+------------+--------+--------+---------+-----+
* g/t = grams per metric tonne
* The down hole interval lengths are estimated to be approximately 55%-
65% of
true width
* AuEq (gold equivalent) values calculated at a 50 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
"B" Block Reconnaissance and Follow-up Drilling Highlights:
* Dill Hole B13-1, located in the south-central portion of the "B" Block
property intersected a down hole interval of 15.00 metres grading 0.46
g/t
gold and 10.55 g/t silver. This interval commences at 248 metres down
hole.
* This low grade but consistently mineralized interval is terminated at
its
lower contact by a gouged fault zone, indicating a very strong
probability
that the mineralization has been offset by the fault.
* A shallow zone in hole B13-1, commencing at 104 metres down hole,
returned
19.50 metres grading 0.30 g/t gold and 3.16 g/t silver from a strongly
sheared, sphalerite rich interval in the host dacite wall rocks.
* Hole B13-4 intersected 1.05 metres of 3.06 g/t gold and 29.90 g/t
silver in
the south-central "B" Block well away from other exploration drilling.
* The sericite alteration, base metal mineralization and strong foliation
within these quartz porphyry dacite hosted, low-grade mineralized
intervals
is essentially identical to that seen across Bayfield's nearby Burns
Block
property.
* Focused drilling in and around well altered and foliated quartz
porphyry
dacites containing lower grade gold-silver-base metal mineralization at
Burns Block has proven to be the most effective method of finding much
higher grade zones.
Discussion of Six Drill Holes Completed on "B" Block Property:
The 480 acre "B" Block is positioned directly north of the near surface
portion
of Rainy River Resources' Intrepid Zone. Published geologic mapping
by the
Ontario Division of Mines (Blackburn, 1971) combined with results of
past
drilling completed by Bayfield Ventures has clearly shown that the main
Rainy
River District gold-silver host rock, the Archean age quartz porphyry
dacites,
pass directly through the "B" Block property covering a strike
length of
approximately 1.5 kilometres on the "B" Block. Prior to the recent winter
2013
drill program on the property, a total of 23 holes had been completed,
only
seven of which passed below 250 metres in vertical depth.
The known geologic characteristics along with mineralized intervals
returned
from previous, wide spaced drilling at the "B" Block indicate
excellent
exploration potential of this 1.5 kilometre extension of the known Rainy
River
Gold District.
Bayfield's recently completed drill program consists of six additional
holes
designed to follow-up previously reported, near-surface mineralization in
hole
B12-6 (19.5 metres of 0.55 g/t AuEq) and to test certain early stage
targets on
the property.
Drill Hole B13-1 intercepted two significant intervals of precious and
base
metal mineralization in a position approximately 45 metres northeast
of the
previously reported intercept in hole B12-6. These intervals are
hosted by
sericite-silica altered quartz porphyry dacites and are accompanied by
poly
metallic base metal mineralization very similar to lower grade
mineralized
intervals found in both the western and eastern portions of Bayfield's
Burns
Block.
The lower contact of the lower and best developed mineralized zone in hole
B13-1 is terminated by a gouged fault zone that appears to have
offset the
mineralization. Additional exploration drilling within the 1.5 kilometre
long
belt of foliated and altered dacites "B" Block is being planned. In
particular,
targeting is underway for a series of deeper holes designed to
begin the
exploration of the area down-dip of the low-grade but consistently
mineralized
zone indicated by the results of holes B12-6 and B13-1.
All Drilling Results from Burns Block & "B" Block Exploration:
+----------+--------+------+------------+--------+------+---------+-------+
|Drill Hole|From (m)|To (m)|Interval (m)|Au (g/t)| Ag | AuEq |Drill |
| | | | | |(g/t) | (g/t) |Fence |
+----------+--------+------+------------+--------+------+---------+-------+
| RR12-36 | 423.50 |426.00| 2.50 | 0.70 |4.50 | 0.79 |Eastern|
| | | | | | | | Zone |
| | 723.50 |725.00| 1.50 | 0.48 |2.50 | 0.53 | |
+----------+--------+------+------------+--------+------+---------+-------+
| RR13-1 | 225.50 |230.00| 4.50 | 0.28 |9.20 | 0.47 |NE Zone|
+----------+--------+------+------------+--------+------+---------+-------+
| RR13-2 | 286.00 |289.00| 3.00 | 0.76 |43.70 | 1.63 |NE Zone|
+----------+--------+------+------------+--------+------+---------+-------+
| RR13-3 | 5.50 | 6.50 | 1.00 | 0.36 |6.30 | 0.49 | |
| | | | | | | | |
| | 260.00 |261.50| 1.50 | 0.63 |1.90 | 0.67 | |
| | | | | | | | |
| | 281.00 |288.50| 7.50 | 0.57 |9.39 | 0.76 |NE Zone|
| | | | | | | | |
| | 308.00 |311.00| 3.00 | 2.98 |11.00 | 3.20 | |
| | | | | | | | |
|including | 308.00 |309.50| 1.50 | 5.00 |12.10 | 5.24 | |
+----------+--------+------+------------+--------+------+---------+-------+
| RR13-4 | 216.50 |217.10| 0.60 | 0.96 |14.50 | 1.25 | |
| | | | | | | | |
| | 224.70 |226.00| 1.30 | 0.61 |17.98 | 0.97 | |
| | | | | | | |NE Zone|
| | 237.50 |243.50| 6.00 | 0.62 |16.78 | 0.96 | |
| | | | | | | | |
|including | 240.50 |242.00| 1.50 | 1.60 |33.60 | 2.27 | |
+----------+--------+------+------------+--------+------+---------+-------+
| RR13-5 | NSA |NE Zone|
+----------+--------+------+------------+--------+------+---------+-------+
| RR13-6 | 138.50 |140.00| 1.50 | 0.38 |1.80 | 0.42 | |
| | | | | | | | |
| | 383.20 |384.00| 0.80 | 0.46 |27.20 | 1.00 | |
| | | | | | | | |
| | 701.00 |714.50| 13.50 | 0.36 |2.35 | 0.40 | |
| | | | | | | | |
|including | 701.00 |702.50| 1.50 | 1.64 |0.60 | 1.65 |Eastern|
| | | | | | | | Zone |
| | 748.60 |749.60| 1.00 | 0.82 |2.90 | 0.88 | |
| | | | | | | | |
| | 770.00 |771.50| 1.50 | 0.29 |4.60 | 0.38 | |
| | | | | | | | |
| | 786.50 |787.20| 0.70 | 0.32 |8.30 | 0.49 | |
| | | | | | | | |
| | 797.00 |798.50| 1.50 | 0.38 |0.40 | 0.39 | |
+----------+--------+------+------------+--------+------+---------+-------+
| RR13-7 | 596.00 |609.00| 13.00 | 1.37 |6.20 | 1.49 | |
| | | | | | | | |
|including | 608.00 |609.00| 1.00 | 12.10 |63.90 | 13.38 | |
| | | | | | | | |
| | 615.10 |638.00| 22.90 | 8.10 |20.55 | 8.51 |Eastern|
| | | | | | | | Zone |
|including | 616.20 |628.10| 11.90 | 12.19 |30.05 | 12.79 | |
| | | | | | | | |
| | 645.50 |653.00| 7.50 | 2.27 |22.50 | 2.72 | |
| | | | | | | | |
|including | 650.00 |653.00| 3.00 | 5.36 |50.60 | 6.37 | |
+----------+--------+------+------------+--------+------+---------+-------+
| B13-1 | 104.00 |123.50| 19.50 | 0.30 |3.16 | 0.37 | |
| | | | | | | | |
| | 150.30 |153.50| 3.20 | 0.34 |2.50 | 0.39 | |
| | | | | | | |B Block|
| | 248.00 |263.00| 15.00 | 0.46 |10.17 | 0.66 | |
| | | | | | | | |
|including | 249.50 |251.00| 1.50 | 1.03 |12.80 | 1.29 | |
+----------+--------+------+------------+--------+------+---------+-------+
| B13-2 | NSA |B Block|
+----------+--------+------+------------+--------+------+---------+-------+
| B13-3 | 98.00 |99.50 | 1.50 | 0.41 |2.60 | 0.46 | |
| | | | | | | | |
| | 240.50 |242.00| 1.50 | 0.38 |8.60 | 0.55 | |
| | | | | | | | |
| | 245.00 |246.50| 1.50 | 0.27 |3.70 | 0.34 |B Block|
| | | | | | | | |
| | 252.50 |255.50| 3.00 | 0.66 |13.55 | 0.93 | |
| | | | | | | | |
|including | 252.50 |254.00| 1.50 | 1.10 |17.40 | 1.45 | |
+----------+--------+------+------------+--------+------+---------+-------+
| B13-4 | 156.05 |157.10| 1.05 | 3.06 |29.90 | 3.66 | |
| | | | | | | | |
| | 179.00 |180.50| 1.50 | 0.19 |9.50 | 0.38 | |
| | | | | | | | |
| | 230.00 |231.50| 1.50 | 0.27 |5.00 | 0.37 |B Block|
| | | | | | | | |
| | 269.00 |272.00| 3.00 | 0.32 |4.50 | 0.41 | |
| | | | | | | | |
| | 357.50 |359.00| 1.50 | 0.45 |3.80 | 0.53 | |
+----------+--------+------+------------+--------+------+---------+-------+
| B13-5 | 80.00 |81.00 | 1.00 | 0.38 |1.30 | 0.41 |B Block|
+----------+--------+------+------------+--------+------+---------+-------+
| B13-6 | NSA |B Block|
+----------+------------------------------------------------------+-------+
* g/t = grams per metric tonne
* The down hole interval lengths are estimated to be approximately 55%-
65% of
true width
* AuEq (gold equivalent) values calculated at a 50 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
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, 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. The Company is fully funded to
finish its
planned 100,000 metre diamond drill program with drilling concentrated
on the
flagship Burns Block Project.
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"
_______________________________
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#1695186]
James G. Pettit
Chairman and CEO
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: Email Contact
Other Contact:
Envoy Strategic Partners Investor Relations
Jay Bedard
Telephone: 416-977-7778
Email: Email Contact