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Bayfield Ventures Corp. (BYV:CA)
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Web site:
http://www.bayfieldventures.com/
Bayfield Ventures Corp. (TSX-V: BYV) is exploring for gold and silver in the Rainy River district of northwestern Ontario.
Bayfield has earned a 100% interest in its flagship 80 acre "Burns" block property which is located in the Richardson Township, Rainy River District of northwestern Ontario. The property is surrounded by Rainy River Resources (TSX: RR) and adjoins the immediate east of Rainy River Resources' main ODM17 gold zone.
Drilling to date on the Burns Block demonstrates that the ODM17 zone extends from Rainy River Resources' ground onto Bayfield's Burns Block. Bayfield is currently carrying out 100,000 metres of diamond drilling on its Rainy River properties. Drill results thus far have been very encouraging. Notable drill results include 60.05 grams per tonne gold and 362.96 grams per tonne silver over 11.2 metres within 26.70 grams per tonne gold and 170.69 grams per tonne silver over 25.5 metres, as well as 35.93 grams per tonne gold and 359.65 grams per tonne silver over 10.0 metres.
Rainy River's February 2012 resource calculation shows a measured and indicated resource of 5.72 million ounces of gold, averaging 1.18 g/t gold, in addition to an inferred resource of 2.25 million ounces of gold, averaging 0.79 g/t gold. Rainy River considers that the material above the final depth of the conceptual pit shell (500 metres vertical depth) offers reasonable prospects for economic extraction from an open pit using a cut-off grade of 0.35 g/t gold.
Bayfield also has earned a 100% interest in the 480 hectare "B" Claim Block which is well located to the immediate east of Rainy River Resources' northerly 433 gold zone. To the west, Bayfield has earned a 100% interest in the strategically located 800 hectare "C" Block property.
All of Bayfield's properties cover similar lithologies and structures to those hosting the gold and silver zones comprising the Rainy River multi-million ounce deposit.
Bayfield Ventures Corp's goal is to increase shareholder value by developing exploration projects near world-class deposits that have the potential of becoming new discoveries.
Robert Marvin, P.Geo., CPG, Project Geologist for Bayfield Ventures is the Qualified Person as defined by National Instrument 43-101 and supervised both the project field exploration and the preparation of the technical information in this presentation.
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.
Rainy River Gold Exploration Area, Nothwestern Ontario
Burns Block Surface Projection Map
Rainy River, NW Ontario
Links:
BYV:CA
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