Beaufield Resources Inc. BFDRF

Ottawa Sun Article

[timinoe]

Gold rush stakes raised By MICHAEL HAMMOND, OTTAWA SUN Two Ottawa mining companies could be on the verge of a breakthrough in their search for gold in northern Quebec, now that an industry giant has moved in next door. Everton Resources and Beaufield Consolidated Resources are set to begin drilling on their properties in late January or early February. Besides the samples of gold they found this past summer, their activities will now be closely watched by B.C. mining giant Goldcorp. Last week, that company agreed to purchase Virginia Gold's land stake in the James Bay region for $420 million US. Beaufield and Everton have land stakes next door to Virginia's mining camp, and are fielding calls from major mining firms, the Sun has learned. "We were wondering what took people so long," said Everton president Andre Audet. "We've got the second-biggest land position up there and the (Virginia Gold) purchase puts the whole region into focus." BIGGEST FIND? Having Goldcorp in the area has sparked speculation the region could become Canada's biggest gold find in 20 years. Louis Morin, Beaufield's director of investor relations, is excited about his company's find, which is 8 km from Virginia's main gold camp. "We've been told by the senior geologist from Virginia that where Beaufield is located is the most significant (property) of all the junior miners," he said. "Some major companies have been approaching us." Audet said he has had talks with larger mining firms who want to invest in Everton's land. Everton will conduct tests early next year by inserting metal rods into the ground and sending bolts of electricity through them. If the ground conducts electricity, it means there are metals in the area, possibly gold.