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Bayfield Ventures Corp BYVVF



GREY:BYVVF - Post by User

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Post by gamblor77on Sep 08, 2010 11:01am
370 Views
Post# 17424307

OMG Bayfield News correction - GOOD!!!

OMG Bayfield News correction - GOOD!!!THIS IS GONNA BE HUGE!!! Just got this from bayfield's email subscription
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Bayfield Correction Increases Drill Hole from 2.70 g/t gold to 5.08 g/t gold over 81m in Rainy River, NW Ontario


Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV)(FWB: B4N) (the "Company") is issuing a correction to it's news releasedated September 7th reporting an additional high grade gold discoveryon its 100% owned Burns Block property in the Rainy River District ofnorth-western Ontario. The Burns Block is situated immediately to theeast and on strike to Rainy River Resources' (TSX-V: RR) gold project.

Rainy River gold properties claims map:
https://www.bayfieldventures.com/i/pdf/BYV-RR-Area-11x17.pdf

Bayfield incorrectly reported yesterday that drill hole RR10-18, from488 metres to 569 metres, returned 2.70 g/t gold over 81 metres when thenews release should have stated 5.08 g/t gold over 81 metres.

Except for the above, all other information is correct.

Highlights:
• Another significant high grade gold discovery early in 20,000+ metre (50+ holes) diamond drill program
• 35.93 g/t gold over 10.0 metres within 13.28 g/t gold over 28.0 metres intersected in hole RR10-18
• The linear "plunge distance" between the high grade zone in thepreviously reported hole, RR10-15, and that in the newly reported hole,RR10-18, is in excess of 400 metres indicating a potential for a highgrade gold shoot of considerable length
• The map distance between the collars of RR10-15 and RR10-18 isapproximately 125 metres; little drilling between the holes has beendone
• 13 additional holes completed; assays pending

Burns Block drilling exploration map:
https://www.bayfieldventures.com/i/maps/BYV_Burns_Exploration_Map_July_2010.jpg

The linear distance between the shallow high grade zone in RR10-15 andthe deeper high grade zone in RR10-18 reported here is in excess of 400metres. The plotted geometry of the two intercepts strongly indicatesthat a high grade gold shoot of a size, thickness and grade similar tothose being delineated by Rainy River Resources to the west has beenfound by Bayfield on the Burns Block.

Infill drilling of the high grade shoot will commence as soon as thedrill rig has completed a critically important fence of drill holes inthe northern section of the Burns Block.

Significant gold intercepts from the latest batch of assay results for holes RR10-17 and RR10-18 are listed in the table below.

  
  
DRILL HOLE DIP ° AZ. ° FROM (m) TO (m) INTERVAL (m) GOLD (g/t) GOLD ZONE

RR10-17 75° 355° 350 364 14.0 Highly Anomalous #283
397 411 14.0 Highly Anomalous
including 403 407 4.0 1.13

RR10-18 88° 355° 178 183 5.0 0.83 #283
488 569 81.0 5.08
including 488 516 28.0 13.28
including 490 491 1.0 4.43
including 497 507 10.0 35.93
including 542 553 11.0 2.01
including 545 546 1.0 15.60


Shane Hu, P.Geo., Project Geologist for Bayfield Ventures is theQualified Person, as defined by National Instrument 43-101 andsupervised both the project field and the preparation of the technicalinformation in this release.

About Bayfield Ventures Corp.

Bayfield Ventures Corp. is exploring for gold in the Rainy River District of north-western Ontario.

The Company has approximately 41 million shares outstanding.

For further information on Bayfield Ventures Corp. (TSX-V: BYV), visit the Company's web site at www.bayfieldventures.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Don Myers"
_______________________________
DONALD G. MYERS
Director

For further information contact myself:
Don Myers
Director
Bayfield Ventures Corp.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@bayfieldventures.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDERACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OFTHIS NEWS RELEASE.

You can also view this News Release on our website at:
https://www.bayfieldventures.com/s/NewsReleases.asp?ReportID=417579
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