Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) iBayfield Ventures Corp.s pleased to announce an additional significant gold intercept on its 100% owned Burns Block property in the Rainy River District of north-western Ontario. The Burns Block is situated adjacent to the east and on strike to Rainy River Resources' (TSX-V: RR) multi-million ounce gold deposit. Rainy River's February 2011 NI 43-101 resource calculation shows a drill indicated resource of 3.42 million ounces of gold, averaging 1.1 g/t gold, in addition to an inferred resource of 3.17 million ounces of gold, averaging 0.91 g/t gold. The deposit has a 0.35 g/t Au cut-off for open pit mineralization.
Rainy River gold properties claims map:
http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf
Highlights:
* Notable gold and silver intercept: 5.7 g/t Ag and 24.27 g/t Ag over 7.6m within 79.25m of 0.85 g/t Au and 7.62 g/t Ag in drill hole RR11-32
* A separate intercept of 1.48 g/t Au and 3.16 g/t Ag over 4.6m found 50 metres below the main zone in RR11-32
* Hole RR11-32 is part of the current infill program on the north exploration fence at Burns
* Infill drilling continues to define multi-gram grades at depths less than 150 metres from surface
* Exploration on a more northerly exploration fence is being initiated based on the current drill results with the goal of continuing to define mineralization in a shallow, up-dip position on the Burns Block
* Follow-up drilling both east and west of new discovery hole RR11-14 is continuing
* Expansion drilling of the continuation of the ODM17 zone to the east on the Burns Block will continue with the newly arrived third rig
* Assays pending for eleven more holes
Discussion of Results from Hole RR11-32:
Hole RR11-32 was collared on the north exploration fence, 50 metres east of the west boundary of the Burns Block and is part of the Company's continued exploration and delineation of the high grade gold chute located on the western portion of the Burns Block.
Blebs and fractures fillings of electrum were noted during logging of the mineralized interval which commenced at 124.05 metres down hole. Accessory minerals include abundant dark brown sphalerite, blebs of chalcopyrite and arsenopyrite as well as deformed pyrite stringer veins and cross cutting galena veinlets. Significant assay results from RR11-32 and all other completed assays are summarized in the table below.
Updated Burns Block drilling exploration map:
http://www.bayfieldventures.com/i/maps/BYV_Burns_Exploration_Map_July_2010.jpg
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