Bayfield Ventures Corp BYVVF

MAYBE JAY IS RIGHT

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Tue Aug 3, 2010 Jay Taylor Says Buy Bayfield Ventures     Publisher: Jay Taylor     Author: Stockwatch

(Stockwatch - August 3, 2010) - Jay Taylor in the July 7, 2010, edition of Gold, Energy & Tech Stocks tells readers to buy Bayfield Ventures Corp., recently 37 cents. This is the first time he has recommended the stock. Bayfield's most important asset is its Burns block claims in Western Ontario. The claims are next to Rainy River's ODM17 gold zone discovery, which hosts a National Instrument 43-101 resource of 2.66 million ounces of gold. Mr. Taylor notes initial plans to mine the Rainy River deposit had the pit walls extending onto Bayfield's claims. Bayfield has a 20,000-metre drill program under way at the claims, with the hope of defining and expanding a gold resource. Bayfield also holds a 24.5-per-cent interest in the Ontario Baird property, where Goldcorp has become the operator. The company's chairman and chief executive officer is Jim Pettit, who currently serves on the board of directors of seven public resource companies. Mr. Taylor thinks this stock could go up several-fold from its current $15-million market cap, especially if its drill program at Burns can define a meaningful resource. He says this is a speculative exploration play, but a prudent one.