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Bullboard - Stock Discussion Forum Bayfield Ventures Corp BYVVF

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Post by smigel88 on Jun 06, 2013 7:00pm

NEWS!

Bayfield Commences Geological, Geotechnical and Geochemical Studies at Burns Block Gold-Silver Project in Rainy River, NW Ontario

Bayfield Ventures Corp. BYV
6/6/2013 12:51:45 PM
Bayfield Commences Geological, Geotechnical and Geochemical Studies at Burns Block Gold-Silver Project in Rainy River, NW Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 6, 2013) -Bayfield Ventures Corp. (TSX VENTURE:BYV)(PINKSHEETS:BYVVF)(FRANKFURT:B4N) is pleased to announce the commencement of a program of advanced geological, geotechnical and geochemical studies from the continuing exploration of its 100% owned mineral rights at the Burns Block gold-silver project. The Company's Burns Block is located in the Rainy River District of north-western Ontario and is ideally situated adjacent to the east of Rainy River Resources' main multi-million ounce gold-silver deposit and to the west of their expanding Intrepid gold-silver zone.

Rainy River District Gold Zones:
https://www.bayfieldventures.com/i/maps/BYV-Burns-Gold-Zones-NOV-2012.jpg

The main goal of the planned work is to increase confidence in the geometry, grade distribution and additional exploration potential of the down plunge portion of the Intrepid shoot of gold and silver mineralization located in the eastern and south-central portion of the Burns Block property.

East Burns - Intrepid Zone Cross Section Looking West:
https://www.bayfieldventures.com/i/maps/BYV-Eastern_Burns_Lookwest--nov19-(2).jpg

While the Intrepid shoot will be the main focus of the work program, the planned investigations will also cover high-grade gold-silver mineralized zones located in the western portion of the Burns Block as well as base metal rich gold and silver mineralization discovered on Bayfield's 100% owned mineral rights "B" Block property to the northeast.

Rainy River District Claims Map:
https://www.bayfieldventures.com/i/maps/BYV-RR-New-Area-11x17-Map-without-pit-May-2013.jpg

The following field work is planned to commence immediately:

  1. Gyro down hole surveying of selected core holes in both the eastern and western Burns Block will be done. This high sensitivity surveying is being done to back up the routinely collected reflex down hole survey data.
  2. High precision drill hole collar surveying of the holes completed to date in 2013. This surveying has been done in due course throughout our exploration program and the planned surveying will complete the collar location dataset to the present time.
  3. Rock density values will be collected from core. This work will cover rock intervals above, in and below known gold-silver zones and cover all the geologic units logged during the exploration program.

Other studies to commence immediately include:

  1. 3D modelling and wire framing of all high-grade gold-silver shoots discovered by Bayfield will be done in order to better understand the geologic controls on our developing resource as well as provide a solid base for targeting planned extension drilling of known zones and potential exploration drilling targets for additional high-grade shoots.
  2. Base metal assays will be done for significant intervals of logged chalcopyrite and sphalerite mineralization that occurs along with previously announce gold-silver mineralization discovered in the south-central portion of the "B" Block property.
  3. Thin sections of key mineralized and altered zones will be prepared for examination of mineral paragenisis with a focus on the style and mineralogy in high-grade gold and silver bearing intervals.
  4. Metallurgical and recovery studies are planned using the existing core from important high-grade and lower-grade mineralized zones.

It is anticipated that this planned work will be completed by mid-July and that targeting of additional drilling for 2013 exploration, delineation and infill program will commence thereafter.

Robert Marvin, P.Geo., CPG, VP Exploration for Bayfield Ventures is the Qualified Person as defined by National Instrument 43-101 and supervised both the project field work and the preparation of the technical information in this release.

Comment by smigel88 on Jun 06, 2013 7:01pm
well find out results in mid july, could see a nice uptrend from here
Comment by NUCLEAR on Jun 06, 2013 8:13pm
buy now or miss the boat and be disappointed later on
Comment by dutchy31 on Jun 07, 2013 8:27am
Please, can someone explains to me, the impact of this study? Thanks 
Comment by FrankSmart on Jun 12, 2013 12:12am
It could be huge in that it is all about acheiving a 43-101 resource estimate & find tuning the next drill program so they get the best bang for there buck. 
Comment by carinthian on Jun 12, 2013 7:13am
Do they have enough money to get this property to a 43-101? I am down deep with this stock so I would be very pleased to see a 43-101 but I think this is just something you say when you can't say: Better take us out fast before we have a defined resource and it is more exepensive. If New Gold is going to develop this thing they will take out Bayfield. But as they know BAyfield is runnig low on ...more  
Comment by FrankSmart on Jun 12, 2013 9:07am
They have the gold, the cash will follow. They have $1 million in flow through cash they have to spend on exploration. & $500k for operations. If there is any cash needed to stay afloat all they'll have to do is ask & it will be there. It's just a matter of time. The next 6 months should prove to be very interesting for us shareholders of Bayfield. DYODD. 
Comment by NUCLEAR on Jun 12, 2013 5:22pm
New Gold's strategy may be to take a wait and see approach with the hope of buying at a lower price especially if the summer doldrums kick in. The minute there is a positive news release from BYV, they have to make their offer. Even a 100% premium would only get us 40 cents which I'm sure is more than most of us initially bought at.
Comment by NUCLEAR on Jun 12, 2013 5:24pm
Correction......I meant to say LESS than what most of us initially bought at
Comment by carinthian on Jun 13, 2013 9:24am
"Even a 100% premium would only get us 40 cents which I'm sure is more than most of us initially bought at." Guilty. ;-)  
Comment by dutchy31 on Jun 13, 2013 9:58am
I would like to point out a couple of key things to keep in mind. The intrinsic value of the Burns Block consists of a number of value components in addition to the resource hosted there. There is a portion of the gold-silver resource in the bordering 17 Zone that will be left in the pit wall if the open pit cannot be extended onto the Burns Block. There is also a strategic value to the Burns ...more  
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