Bayfield Ventures Corp. (TSX-V: BYV)
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Bayfield Ventures Corp. (TSX-V: BYV)
Created:
Monday, 10 August 2009
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Description
Bayfield Ventures Corp. (TSX-V: BYV) is exploring for gold and silver in the Rainy River district of northwestern Ontario.Bayfield has earned its 100% interest in the "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-V: 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 Resources' June 2011 NI 43-101 resource calculation shows a measured and indicated resource of 4.41 million ounces of gold, averaging 1.17 grams per tonne gold, in addition to an inferred resource of 2.33 million ounces of gold, averaging 0.94 grams per tonne gold. The deposit also contains a measured and indicated resource of 9.13 million ounces of silver, averaging 2.42 grams per tonne silver, in addition to an inferred resource of 7.04 million ounces of silver, averaging 2.83 grams per tonne silver.
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.
Shane Hu, P.Geo., Project Geologist for Bayfield Ventures is the Qualified Person, as defined by National Instrument 43-101, and has approved the information in this project section.
Announcements
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the “Company”) is pleased to announce additional gold and silver intercepts 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 latest NI 43-101 resource calculation shows a measured and indicated resource of 4.41 million ounces of gold, averaging 1.17 g/t gold, in addition to an inferred resource of 2.33 million ounces of gold, averaging 0.94 g/t gold. Rainy River considers that the material above the final depth of the conceptual pit shell (450 metres vertical depth) offers reasonable prospects for economic extraction from an open pit using a cut-off grade of 0.35 g/t gold (June 29, 2011 by SRK Consulting (Canada) Inc.).
Rainy River gold properties claims map:
Highlights:
- Latest batch of results reported here illustrates strong gold and silver mineralization intersected in step-out holes to the east of the high grade shoot on the western portion of the Burns Block.
- Drill hole RR11-119 intercepts 22.5 metres of 2.39 g/t Au and 25.37 g/t Ag including 15.0 metres of 3.46 g/t Au and 34.34 g/t Ag in a 45 metre step-out to the southeast from hole RR11-71.
- Central Fence step-out holes RR11-63 and RR11-68 both intersected well mineralized intervals including 7.2 metres of 3.07 g/t Au and 10.5 metres of 1.72 g/t Au respectively.
- 10.0 metres of 1.48 g/t Au and 107.24 g/t Ag was intersected in North Fence infill hole RR11-52.
- Bayfield is currently backlogged with pending assays for 57 holes totaling approximately 2,900 cut samples of core from completed drilling.
Discussion of Results:
A wide, near surface, zone of gold and silver mineralization has been intersected in drill hole RR11-119 which is located 45 metres southeast of the collar of high grade hole RR11-71 along the Far North Drill Fence at the Burns Block. The 22.5 metre interval of 2.95 g/t gold equivalent in RR11-119 starts at 58 metres down hole or approximately 48 metres vertically below surface given the 60 degree inclination of the drill hole.
The mineralization is hosted within the main foliated and sheared zone or envelope that extends onto the Burns property from the main ODM17 gold-silver deposit of Rainy River Resources directly to the west. The intercept in hole RR11-119 lies outside to the east of the zone encompassing the southwest plunging series of high grade gold-silver intersections discovered by Bayfield at the Burns Block. Whether this intercept represents a fault offset portion of the partially delineated high grade zone to the west, or whether it is a separate zone is not known at the present time. A detailed compilation of logged structural data is underway to try to improve the understanding of the mineralization and to help in the targeting of additional drilling in the area.
Updated Burns Block drilling exploration map:
Bayfield is also pleased to report success on the central fence drilling as additional discoveries of mineralized gold-silver intervals are being made in the west-central portion of the Burns property. Holes RR11-63 and RR11-68 were drilled from a common collar position 20 metres southeast from the collar of hole RR11-14. Previously reported hole RR11-14 had a high grade zone of 3.0 metres grading 11.44 g/t gold equivalent at a depth of 275 metres down hole. This recently discovered zone is 60 metres east of the known high grade zone on the western portion of the property. As was mentioned in the highlights above and as displayed in the table below both RR11-63 and RR11-68 intersected significant mineralized zones containing multi-gram gold and silver values over approximately 7-10 metre intervals. We are waiting on assays from additional step-out holes completed further east along strike.
Gold and Silver Assay Results from Central and North Fence Drilling:
|
Drill Hole
|
From (m)
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To (m)
|
Interval (m)
|
Au (g/t)
|
Ag (g/t)
|
AuEq (g/t)
|
Drill Fence
|
|
RR11-77
|
48.50
|
69.50
|
21.00
|
0.71
|
12.36
|
0.99
|
Far North Fence
|
|
|
51.50
|
55.00
|
3.50
|
2.43
|
29.51
|
3.09
|
|
|
|
81.50
|
83.00
|
1.50
|
2.33
|
28.40
|
2.96
|
|
|
RR11-80
|
32.00
|
36.50
|
4.50
|
0.44
|
9.50
|
0.65
|
Far North Fence
|
|
RR11-81
|
30.50
|
41.00
|
10.50
|
0.56
|
13.69
|
0.86
|
Far North Fence
|
|
including
|
32.00
|
38.00
|
6.00
|
0.75
|
18.13
|
1.15
|
|
|
|
45.5
|
54.5
|
9.00
|
0.44
|
5.28
|
0.56
|
|
|
RR11-82
|
27.50
|
44.00
|
16.50
|
0.27
|
8.45
|
0.46
|
Far North Fence
|
|
RR11-84
|
No significant values
|
Far North Fence
|
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|
RR11-119
|
58.00
|
80.50
|
22.50
|
2.39
|
25.37
|
2.95
|
Far North Fence
|
|
including
|
61.00
|
76.00
|
15.00
|
3.46
|
34.34
|
4.22
|
|
|
RR11-46
|
192.60
|
195.70
|
3.10
|
0.23
|
7.50
|
0.40
|
North Fence
|
|
RR11-48
|
110.30
|
116.40
|
6.10
|
0.20
|
6.21
|
0.34
|
North Fence
|
|
|
127.10
|
131.70
|
4.60
|
0.28
|
2.70
|
0.34
|
|
|
RR11-49
|
10.30
|
11.30
|
1.00
|
0.79
|
0.50
|
0.80
|
North Fence
|
|
|
23.90
|
25.10
|
1.20
|
0.99
|
1.80
|
1.03
|
|
|
RR11-52
|
5.00
|
Photo Albums
Videos
01:00
Wall
3D Video Of The Burns Block, Rainy River Ontario (August 2011)
http://www.bayfieldventures.com/i/media/video1/video1.html
Monday, 29 August 2011 13:06
For rig one, Central Fence Rainy River Drill Hole RR11-135 was completed to 359 metres. Eastward extesion drilling on central fence. Rig one then moved back to Far North Fence to continue to do east extension drilling there. Far North Fence Drill Hole RR11-137 was at 47 metres this morning in hanging wall dacites.
For rig two, North Fence Rainy River Drill Hole RR-141 was at 80 metres this morning. Steeper hole under hole RR11-139, same target. Have not looked at core yet. For rig three, Central Fence Rainy River Drill Hole RR11-133 was completed to 362 metres. Drill rig three then moved directly south from RR11-133 site, back to the south fence to explore for the shear-off portion of the zone seen in RR11-133. For rig three, South Fence Drill Hole RR-140 was at 179 metres this morning. In hanging wall dacite volcanics. Shane Hu, P.Geo., Project Geologist is the Qualified Person as defined by NI 43-101 and has provided and approved the drilling updates that are posted here.
Friday, 05 August 2011 09:39
For rig one, Far North Fence Rainy River Drill Hole RR11-126 was at 126 metres this morning In locally well altered hanging wall dacites.
For rig two, North Fence Rainy River Drill Hole RR-130 was completed to 191 metres. The next Hole RR11-131 was at 58 metres this morning in hanging wall dacites. For rig three, Central Fence Rainy River Drill Hole RR11-124 was completed to 368 metres. Drill hole RR11-132 is at 24 metres In hanging wall dacite, First hole of three hole fan. Shane Hu, P.Geo., Project Geologist is the Qualified Person as defined by NI 43-101 and has provided and approved the drilling updates that are posted here.
Friday, 29 July 2011 07:54
For rig one, Far North Fence Rainy River Drill Hole RR-128 has been completed to 83 metres. Entered main zone at 47 metres. The next Hole RR-129 was at 43 metres this morning.
For rig two, North Fence Rainy River Drill Hole RR11-125 has been completed to 230 metres. The next Hole RR-130 was at 58 metres this morning. Test for main zone 450 metres east of west boundary. Drilling hanging wall dacites. For rig three, Central Fence Rainy River Drill Hole RR11-124 was at 236 metres this morning. In hanging dacites, expect zone at 290 metres, should be in it tonight, done tomorrow then will move further east. Shane Hu, P.Geo., Project Geologist is the Qualified Person as defined by NI 43-101 and has provided and approved the drilling updates that are posted here.
Wednesday, 27 July 2011 11:15
For rig one, Far North Fence Rainy River Drill Hole RR-127 has been completed to 85 metres. Moved 30 metres east of hole RR11-101. Passed under the hanging wall into the zone at 55 metres. The next Hole RR-128 was at 67 metres this morning. East extesnsion of shallow portion of main zone. Entered main zone at 47 metres.
For rig two, North Fence Rainy River Drill Hole RR11-125 was at 205 metres this morning. Still no zone in dacites. Shallow main zone, north-central portion of property. For rig three, Central Fence Rainy River Drill Hole RR11-124 was at 101 metres this morning. 40 metres east of hole RR11-107. Third hole of three hole fan, steep angle, expect zone around 290 metres. In hanging wall dacites. Shane Hu, P.Geo., Project Geologist is the Qualified Person as defined by NI 43-101 and has provided and approved the drilling updates that are posted here.
Tuesday, 26 July 2011 07:40
For rig one, South Fence Rainy River Drill Hole RR11-108 was at 816 metres this morning.
For rig two, North Fence Rainy River Drill Hole RR11-114 was at 56 metres this morning in hanging wall dacites. 30 metres east of hole RR11-113. Target is shallow main zone. For rig three, Central Fence Rainy River Drill Hole RR11-107 was at 852 metres this morning. Will likely end hole in the morning and move east to start next fan of holes. Shane Hu, P.Geo., Project Geologist is the Qualified Person as defined by NI 43-101 and has provided and approved the drilling updates that are posted here.
Friday, 15 July 2011 07:53
For rig one, South Fence Rainy River Drill Hole RR11-108 was at 782 metres this morning.
For rig two, North Fence Rainy River Drill Hole RR11-113 was at 242 metres this morning. For rig three, Central Fence Rainy River Drill Hole RR11-107 was at 815 metres this morning. We are in yet another zone, entered around 788 metres. Shane Hu, P.Geo., Project Geologist is the Qualified Person as defined by NI 43-101 and has provided and approved the drilling updates that are posted here
Thursday, 14 July 2011 08:38
For rig one, South Fence Rainy River Drill Hole RR11-108 was at 680 metres this morning. Still drilling hanging wall dacites.
For rig two, North Fence Rainy River Drill Hole RR11-113 was at 92 metres this morning. Drilling highly fractured hanging wall dacites. For rig three, Central Fence Rainy River Drill Hole RR11-107 was at 698 metres this morning. Now in a thrid zone starting at 689 metres. Sercite replacing biotite in a foliated zone. Shane Hu, P.Geo., Project Geologist is the Qualified Person as defined by NI 43-101 and has provided and approved the drilling updates that are posted here.
Tuesday, 12 July 2011 09:10
For rig one, South Fence Rainy River Drill Hole RR11-108 was at 533 metres this morning, should be in zone soon.
For rig two, North Fence Rainy River Drill Hole RR11-110 was completed to 136 metres. Hole RR11-112 just started. For rig three, Central Fence Rainy River Drill Hole RR11-107 was at 476 metres this morning. Main zone east extension. Shane Hu, P.Geo., Project Geologist is the Qualified Person as defined by NI 43-101 and has provided and approved the drilling updates that are posted here.
Friday, 08 July 2011 13:19
For rig one, South Fence Rainy River Drill Hole RR11-108 was at 427 metres this morning in hanging wall dacites.
For rig two, North Fence Rainy River Drill Hole RR11-110 was at 140 metres this morning. Entered main zone at 95 metres. Sericite and deformed pyrite veinlets, local dark sphalerite. For rig three, Central Fence Rainy River Drill Hole RR11-107 was at 340 metres this morning. Entered main zone at 325 metres, pyrite, sericite. Continuing in zone this morning, then will keep drilling for 2nd and 3rd zones. Shane Hu, P.Geo., Project Geologist is the Qualified Person as defined by NI 43-101 and has provided and approved the drilling updates that are posted here
Thursday, 07 July 2011 09:09
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