Jun. 3, 2011 (Marketwire Canada) --
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 3,2011) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) (the"Company") is pleased to announce additional significant gold interceptson its 100% owned Burns Block property in the Rainy River District ofnorth-western Ontario. The Burns Block is situated adjacent to the eastand on strike to Rainy River Resources' (TSX-V: RR) multi-million ouncegold deposit.
Rainy River gold properties claims map:
https://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf
Highlights:
- North fence drilling continues to intersectshallow, well mineralized intervals including 20.35 metres of 2.27 g/tAu and 7.76 g/t Ag within 77.25 metres of 0.81 g/t Au and 4.83 g/t Ag inhole RR11-36
- A 30 metre step out from hole RR11-14 on thecentral drill fence intercepts strong gold and silver mineralizationincluding 12.0 metres of 1.56 g/t Au and 34.69 g/t Ag (2.43 g/t Auequivalent over 12.0 metres) in hole RR11-41
- A second gold and silver mineralized zoneintersected in hole RR11-36 from 425.8 metres to 434.95 metres down holeis believed to be the down dip extension of Rainy River's 433 Zone
- Assays pending for eighteen additional holes
Discussion of Results for Holes RR11-34 to RR11-42:
Infill drilling of the central and north explorationfences continues to intersect notable gold and silver mineralization atthe Burns Block. The assays summarized in the table below are theresults received to date from this work along with a single hole fromthe eastward extension on the south exploration fence (RR11-38).
All holes completed during the infill drillingintersected the highly foliated and sericite altered zone which hoststhe vast majority of known gold and silver mineralization at the BurnsBlock. Gold and silver values within the zone are highly erratic on thescale of individual samples but, when viewed as wider intervals acrossthe entire zone, show much more continuity.
An excellent example of this characteristic is foundin the assay results from a common collar three hole fan on the northfence (holes RR11-34, 35 and 36). Detailed examination of the listedmetre-scale intervals shows huge variability in both gold and silvercontent. However, when the gold equivalent values (AuEq) of the largestlisted intervals for each of the holes are compared, the variability ismuch lower. This data strongly suggests that the combined gold andsilver mineralization within the foliated and altered zone has decentcontinuity and implies that open pit mining of the entire zone couldpotentially be modeled.
Updated Burns Block drilling exploration map:
https://www.bayfieldventures.com/i/maps/BYV_Burns_Exploration_Map_July_2010.jpg
Gold and Silver Assay Results from Central and North Fence Infill Drilling:
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DRILL HOLE FROM (m) TO (m) INTERVAL (m) Au (g/t) Ag (g/t) AuEq (g/t)
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RR11-34 87.50 114.90 27.40 0.51 23.46 1.09
including 92.60 108.80 16.20 0.65 29.25 1.39
including 92.60 93.60 1.00 2.49 198.00 7.44
and 106.80 108.80 2.00 2.51 66.60 4.18
123.00 125.10 2.10 0.41 22.50 0.98
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RR11-35 111.85 156.10 44.25 0.46 5.87 0.61
including 111.85 121.00 9.15 1.21 10.80 1.48
including 111.85 112.90 1.05 4.11 36.00 5.01
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RR11-36 135.20 212.45 77.25 0.81 4.83 0.93
including 140.30 160.65 20.35 2.27 7.76 2.46
including 141.30 145.40 4.10 3.30 17.19 3.73
including 143.40 145.40 2.00 5.75 11.55 6.04
including 159.10 160.65 1.55 18.90 12.70 19.22
425.80 434.95 9.15 0.51 6.09 0.66
including 425.80 427.30 1.50 1.46 4.00 1.56
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RR11-37 136.25 139.30 3.05 0.33 30.61 1.10
181.95 194.15 12.20 0.53 4.98 0.65
including 189.55 191.10 1.55 1.31 7.40 1.49
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RR11-38 287.40 288.80 1.40 0.86 1.00 0.88
356.00 359.00 3.00 0.28 6.55 0.44
390.50 402.50 12.00 0.21 3.89 0.30
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RR11-39 118.05 162.15 44.10 0.30 5.62 0.44
including 118.05 124.05 6.00 0.99 10.25 1.24
including 118.05 121.05 3.00 1.47 48.90 2.69
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RR11-40 219.50 222.50 3.00 0.12 21.30 0.66
243.50 246.50 3.00 0.82 25.15 1.45
368.00 381.50 13.50 0.87 5.68 1.02
including 377.00 378.50 1.50 2.56 4.40 2.67
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RR11-41 14.50 17.50 3.00 0.56 1.00 0.59
210.00 222.00 12.00 1.56 34.69 2.43
including 212.70 218.80 6.10 2.43 61.66 3.97
including 216.10 218.80 2.70 4.09 107.29 6.77
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RR11-42 82.90 119.50 36.60 0.22 11.07 0.50
including 93.60 108.85 15.25 0.32 14.30 0.68
including 105.80 107.30 1.50 1.27 61.80 2.82
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(i) g/t = grams per metric tonne
(i) AuEq (g/t) values calculated at the current 40 to 1 (gold price vs.
silver price) ratio and metallurgical recoveries and net smelter
returns are assumed to be 100%
Bayfield continues to intersect highly anomalous goldand silver mineralization within the interpreted down dip extension ofRainy River's 433 Zone. Drill hole RR11-36 intersected 9.15 metres of0.51 g/t gold and 6.09 g/t silver from 425.8 metres to 434.95 metresdown hole. While not high grade, these results clearly indicate thepotential for the discovery of higher grades within this underexploredmineralized zone at the Burns Block. Future drilling will furtherexplore this secondary deeper zone.
Current Exploration Summary:
Bayfield is continuing its aggressive exploration anddelineation of mineralized zones on the Burns Block. Three hydrostatcore rigs are currently in operation. The program is focused on twocomplimentary exploration efforts, infill drilling in the west portionof the block and eastward exploration towards the central portion of theblock. Assays are pending for eighteen additionally completed holes(RR11-43 through RR11-60).
Drilling has commenced this week on the Far NorthExploration Fence at the Burns project. This fence is located 60 metresnorth of the North Fence and is designed to explore the main mineralizedzone up into the near surface environment. Furthermore, this fence willbe used to explore for gold and silver mineralization in the down dipextension of Rainy River Resources' prolific 433 Zone.
Initial plans for commencing drill exploration ofBayfield's 100% owned large and highly prospective "C" Block propertyare underway. It is anticipated that a fourth drill will be brought into do this first round drill test of the eastern portion of the "C"Block.
Quality Assurance:
Drill core analysis and assaying is being conductedby ACT Labs in Thunder Bay, Ont. The lab is ISO/IEC 17025:2005(CAN-P-4E) certified. The drill core is split and sampled in standard0.5 metre to 1 metre intervals. The core samples were analyzed for goldby 30-gm fire assay with AA finish and by gravimetric methods fromassays over 3000 ppb (over limit). Screened total metallic assays arebeing performed on samples assaying over 10,000 ppb. The Company hasimplemented a quality assurance and quality control program to ensurethat the sampling and analysis of all samples is conducted in accordancewith the best possible practices.
Shane Hu, P.Geo., Project Geologist for BayfieldVentures is the Qualified Person, as defined by National Instrument43-101 and supervised both the project field and the preparation of thetechnical information in this release.
Quality Assurance:
Drill core analysis and assaying is being conductedby ACT Labs in Thunder Bay, Ont. The lab is ISO/IEC 17025:2005(CAN-P-4E) certified. The drill core is split and sampled in standard0.5 metre to 1 metre intervals. The core samples were analyzed for goldby 30-gm fire assay with AA finish and by gravimetric methods fromassays over 3000 ppb (over limit). Screened total metallic assays arebeing performed on samples assaying over 10,000 ppb. The Company hasimplemented a quality assurance and quality control program to ensurethat the sampling and analysis of all samples is conducted in accordancewith the best possible practices.
Shane Hu, P.Geo., Project Geologist for BayfieldVentures is the Qualified Person, as defined by National Instrument43-101 and supervised both the project field and the preparation of thetechnical information 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 61 million shares outstanding and over $9 million in its treasury.
On February 15th, Bayfield Ventures was recognized asa TSX Venture 50(R) company in 2011. TSX Venture 50 is a trade-mark ofTSX Inc. and is used under license. The TSX Venture 50(R) are the top 10companies listed on the TSX Venture Exchange, in each of five majorindustry sectors - mining, oil & gas, technology & lifesciences, diversified industries and clean technology - based on aranking formula with equal weighting given to return on investment,market cap growth, trading volume and analyst coverage. All data was asof December 31, 2010.
For further information on Bayfield Ventures Corp. (TSX VENTURE:BYV), visit the Company's web site at www.bayfieldventures.com.
For drilling updates, follow Bayfield on Facebook:https://www.facebook.com/group.php?gid=56518514278&ref=mf#!/group.php?gid=56518514278&v=wall.
ON BEHALF OF THE BOARD OF DIRECTORS
James G. Pettit, Chairman and CEO
This news release may contain certain"Forward-Looking Statements" that may involve a number of risks anduncertainties. There can be no assurance that such statements will proveto be accurate, and actual results and future events could differmaterially from those anticipated in such statements. For a moredetailed discussion of such risks and other factors, refer to theCompany's filings with Canadian Securities regulators available onwww.sedar.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONSERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACYOF THE CONTENT OF THIS NEWS RELEASE.