Bayfield Ventures Corp. : Bayfield Drills 15.0m of 11.06 g/t Gold and 57.05 g/t Silver in Rainy River, NW Ontario
Suite 2230 - 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
www.bayfieldventures.com
TSX-V Trading Symbol:Â BYV
Email: info@bayfieldventures.com
January 10, 2013
Vancouver, BC - 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 gold-silver project. The Company's
Burns Block project is located in the Rainy River District of north-western
Ontario and is 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 assay results from the East Burns - Intrepid Zone step
out and wedge holes RR12-34W1, RR12-35 and RR12-35W1. Holes RR12-34W1 and RR12-
35W1 are both wedge holes designed to extend mineralization intercepted in holes
RR12-34 (see news release Nov. 20th) and RR12-35 (reported here).
East Burns - Intrepid Zone Highlights:
* Hole RR12-34W1 intersected 25.50 metres grading 6.60 g/t Au and 34.20 g/t Ag
including 15.00 metres of 11.06 g/t Au and 57.05 g/t Ag.
* The combination of results from holes RR12-34W1 and RR12-35 continue to show
that the down plunge extension of the East Burns - Intrepid Zone mineralized
zone continues to the southwest on the Burns property.
* The approx. 15 metre offset distance between holes RR12-34 and RR12-34W1
shows that continuity of the >10 g/t gold mineralization is excellent.
* The assay results of hole RR12-35 indicate that four distinct zones of gold
and silver mineralization exist in the eastern portion of the Burns
property. A 1.5 metre assay of 196 g/t Ag was returned from one of the
shallow zones in this hole.
* Further southwest step out drilling of the East Burns - Intrepid high-grade
zone is planned for winter/spring 2013.
* Additional exploration targets for the other known mineralized zones at the
East Burns - Intrepid Zone are being prioritized for drilling in spring
2013.
Discussion of East Burns - Intrepid Holes RR12-34W1, RR12-35 and RR12-35W1:
Wedge hole RR12-34W1 intersected a strong interval of gold and silver
mineralization in a position approximately 15 metres above the previously
reported high-grade zone in hole RR12-34 which returned 26.50m of 8.82 g/t Au
and 39.44 g/t Ag. Hole RR12-34W1 intersected a down hole interval of 25.50
metres grading 6.60 g/t Au and 34.20 g/t Ag including 15.00 metres of 11.06 g/t
Au and 57.05 g/t Ag.
Burns Block Drill Hole Location Map:
http://www.bayfieldventures.com/i/maps/BYV_Burns_Block_Drill_Collar_Map_Feb_2012
.jpg
The success of the RR12-34W1 wedge hole off the RR12-34 mother hole is
encouraging as it clearly demonstrates the strong continuity of the high-grade
gold and silver mineralization currently being discovered in the down plunge
exploration effort by Bayfield on the eastern portion of the Burns property.
The high grade mineralization in holes RR12-34 and RR12-34W1 consists of complex
base metal veining and breccia matrix infill. Very fine, pin prick gold and
electrum disseminations occur over metre-scale intervals. Local much coarser
visible gold is seen as crack infilling and within the selvages of quartz
carbonate and chalcopyrite veinlets. Arsenopyrite is much more abundant within
the high-grade intervals relative to that in the surrounding lower grade
envelope.
In addition to the success of the wedging program, hole RR12-35 was collared 50
metres southwest and down plunge of hole RR12-34. Hole RR12-35 was successful in
extending the known multi-gram gold mineralization further down plunge at the
developing East Burns - Intrepid Zone mineralized shoot (see included assay
table).
East Burns Expansion Drilling Summary:
Holes RR12-34W1, RR12-35 and RR12-35W1 were all drilled as down plunge
exploration holes southwest of the high-grade discovery holes previously
reported in holes RR12-12 and RR12-30. The use of wedges in holes RR12-34 and
RR12-35 was done to more precisely target extensions to the known mineralization
within the southwest plunging, East Burns - Intrepid gold-silver mineralized
zone. Bayfield has now extended the strike length of the expanding zone to >250
metres. The deeper, down plunge 150 metre portion of this zone continues to show
a trend of increasing grade with depth as well as notable continuity of
mineralization grading over 10 g/t gold and 50 g/t silver.
East Burns - Intrepid Zone Cross Section:
http://www.bayfieldventures.com/i/maps/EB-IntrepidZoneCrossSection.jpg
Hole RR12-34W1 was wedged off the RR12-34 mother hole at a down hole depth of
518.8 metres and intersected a well developed zone of gold-silver-electrum-
sphalerite-galena-chalcopyrite mineralization over a 25.5 metre down hole
interval commencing at approximately 642.5 metres. This mineralization is
located approximately 15 metres above that in hole RR12-34 and approximately 60
metres down plunge of similar mineralization intersected in previously reported
hole RR12-30 which returned 19.60m of 5.45 g/t Au and 20.63 g/t Ag. Multi-
millimetre crack fills and blebs of gold and electrum were logged associated
with quartz carbonate and chalcopyrite veinlets in the down hole interval in
RR12-34W1 from 650.45 to 664.25 metres.
Hole RR12-35 was collared 50 metres southwest of holes RR12-34 and RR12-34W1 as
a down plunge exploratory step-out hole. The assay results of hole RR12-35 are
interesting as they show four distinct zones of multi-gram gold and silver
mineralization. The second of these zones commences at 323.2 metres down hole
and returned 3.80 metres of 2.65 g/t AuEq. This relatively shallow
mineralization has been seen in several holes in the eastern area of the Burns
Block and is beginning to outline another high quality target hosted within
highly garnet-magnetite-sulfide altered mafic volcanic rocks. Gold assays of >10
g/t and silver assays to >150 g/t have been found in this mafic volcanic unit
which is known to strike across the entire Burns property.
+----------+--------+------+------------+--------+--------+---------+----------+
| | | | | | | AuEq | Drill |
|Drill Hole|From (m)|To (m)|Interval (m)|Au (g/t)|Ag (g/t)| (g/t) | Fence |
+----------+--------+------+------------+--------+--------+---------+----------+
|RR12-34W1 | 626.0 |638.0 | 12.0 | 0.46 | 1.01 | 0.48 | Eastern |
| | | | | | | | |
| Â | 642.5 |668.0 | 25.5 | 6.60 | 34.20 | 7.30 | Zone |
| | | | | | | | |
|including | 650.0 |665.0 | 15.0 | 11.06 | 57.05 | 12.20 | Â |
+----------+--------+------+------------+--------+--------+---------+----------+
| RR12-35 | 288.5 |292.8 | 4.3 | 0.57 | 7.90 | 0.73 | Eastern |
| | | | | | | | |
|including | 288.5 |290.0 | 1.5 | 0.99 | 13.50 | 1.26 | Zone |
| | | | | | | | |
| Â | 323.2 |327.0 | 3.8 | 0.89 | 88.18 | 2.65 | Â |
| | | | | | | | |
|including | 323.2 |324.7 | 1.5 | 1.53 | 196.00 | 5.45 | Â |
| | | | | | | | |
| Â | 403.6 |406.1 | 2.5 | 0.53 | 3.88 | 0.61 | Â |
| | | | | | | | |
| Â | 712.2 |719.0 | 6.8 | 1.54 | 9.76 | 1.73 | Â |
| | | | | | | | |
|including | 712.2 |713.3 | 1.1 | 4.27 | 32.90 | 4.93 | Â |
| | | | | | | | |
|including | 717.5 |719.0 | 1.5 | 3.16 | 13.70 | 3.43 | Â |
| | | | | | | | |
| Â | 747.5 |752.0 | 4.5 | 3.02 | 19.10 | 3.40 | Â |
| | | | | | | | |
|including | 749.0 |752.0 | 3.0 | 4.28 | 23.65 | 4.75 | Â |
+----------+--------+------+------------+--------+--------+---------+----------+
|RR12-35W1 | 681.5 |684.5 | 3.0 | 1.24 | 6.70 | 1.24 | E. Zone |
+----------+--------+------+------------+--------+--------+---------+----------+
* g/t = grams per metric tonne
* The down hole interval lengths are estimated to be approximately 60%-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"
_______________________________
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: info@bayfieldventures.com
Other Contact:
Envoy Strategic Partners Investor Relations
Jay Bedard
Telephone: 416-977-7778
Email: jay@envoystrategicpartners.com
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
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