Bayfield Drills 61.02 g/t Gold Over 7m & 64.66 g/t Gold Over 5m in Two Near Surface
Infill Holes at Burns Block in Rainy River, NW Ontario
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VANCOUVER, BRITISH COLUMBIA--(Nov. 29, 2011) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) (the "Company") is pleased to announce additional high grade gold and silver intercepts on its 100% owned Burns Block property in the Rainy River District of north-western Ontario. The Burns Block is situated adjacent to the east and on strike to Rainy River Resources multi-million ounce gold deposit.
Rainy River gold properties claims map:
Highlights:
East to west oriented infill drill holes (54 degrees, 60 degrees and 65 degrees dips) have been successfully completed to test for the lateral and vertical continuity of the bonanza grade gold and silver mineralization reported previously for hole RR11-71 (see news release June 27, 2011).
Hole RR11-180 intercepted 30 metres grading 12.98 g/t Au including 5 metres of 64.66 g/t Au at a vertical depth of 40 metres.
Hole RR11-181 intercepted 33 metres grading 13.73 g/t Au including 7.20 metres of 61.02 g/t Au (silver assay pending).
Hole RR11-182 intercepted 12.00 metres of 9.53 g/t Au and 31.35 g/t Ag.
Total vertical distance between these three holes within the high grade zone is approx. 12 metres.
A forth east to west oriented infill drill hole (45 degree dip) passed over the zone within till cover but did intersect 15 metres of 2.89 g/t gold and 23.02 g/t silver in a separate zone to the west.
Three dimensional modeling of these near surface intercepts is underway and will be extended to include the total width along the north and far north fences for which mineralization of greater than 5.0 g/t Au has been discovered. This width is currently at approximately 130 metres west to east.
Silver assays for these east west holes are only partially received.
Assays for sixteen additional completed holes are pending.
Discussion of Current Western High Grade Area Delineation Drilling Results:
Recently, Bayfield initiated the drilling of a series of holes drilled on due west azimuths in the northwest corner of the Burns Block. The purpose of these drill holes is two fold: to further delineate known high grade gold and silver zones and to explore for additional electrum bearing fracture zones between the existing pattern of north facing dill holes.
Currently, the Company has three set-ups for these east-west drill holes in order to test the lateral thicknesses and vertical extensions of the bonanza grade gold zones previously intercepted in holes RR11-71, RR10-15 and RR10-52.
Updated Burns Block drill hole location map:
The initial results from these east-west infill drill holes are highly encouraging. Drill hole RR11-180 intercepted 30.00 metres grading 12.98 g/t Au and 39.65 g/t Ag at a vertical depth of 40 metres. The length of this intercept demonstrates that the high grade zone intercepted in hole RR11-71 (11.2 metres of 60.05 g/t Au and 362.96 g/t Ag) has significant lateral width to it from east-west. It also illustrates that the high grade drill intercept reported in RR11-71 did not result from down-dip drilling through a narrow high grade structure. This fact is also supported by hole RR11-181 which intercepted 7.20 metres of 61.02 g/t Au (silver assay pending). Drill hole RR11-182 intercepted 12.00 metres of 9.53 g/t Au and 31.35 g/t Ag and was drilled 5 degrees below hole RR11-180 from the same collar.
Table 1: East to West Drill Holes
Drill Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
AuEq (g/t)
Drill Fence
RR11-180
26.00
32.00
6.00
0.15
14.88
0.45
Far North
40.00
41.00
1.00
0.16
11.00
0.38
Drilled
47.00
77.00
30.00
12.98
39.65
13.77
east-west
including
47.00
66.50
19.50
19.85
56.48
20.98
to RR11-71
including
47.00
61.00
14.00
27.30
59.46
28.49
intercept
including
52.00
57.00
5.00
64.66
89.12
66.44
RR11-181
44.00
77.00
33.00
13.73
37.82
14.49
Far North
including
48.40
58.00
9.60
46.30
92.82
48.16
Drilled
including
49.80
57.00
7.20
61.02
pending
61.02
east-west
86.00
99.50
13.50
1.05
18.97
1.43
to RR11-71
intercept
RR11-182
22.90
33.50
10.60
0.15
12.64
0.40
Far North
44.00
48.50
4.50
0.20
7.93
0.36
Drilled
53.00
81.50
28.50
4.14
17.91
4.50
east-west
including
54.50
66.50
12.00
9.53
31.35
10.16
to RR11-71
including
59.00
65.00
6.00
16.62
40.98
17.44
intercept
87.50
90.50
3.00
0.97
40.40
1.78
including
87.50
89.00
1.50
1.65
58.60
2.82
96.50
101.00
4.50
0.41
21.13
0.83
including
98.00
99.50
1.50
0.68
36.20
1.40
RR11-184
30.00
44.00
14.00
0.18
11.42
0.41
Far North
48.50
77.00
28.50
0.43
9.50
0.62
Drilled
including
48.50
66.50
18.00
0.53
9.70
0.72
east-west
92.00
107.00
15.00
2.89
23.02
3.35
to RR11-71
intercept
RR11-185
113.00
114.50
1.50
1.04
0.20
1.04
Central
189.50
195.50
6.00
0.39
17.85
0.75
Drilled
including
189.50
192.50
3.00
0.69
28.50
1.26
east-west
246.50
252.50
6.00
0.42
12.00
0.66
to RR10-15
including
249.50
251.00
1.50
0.83
24.60
1.32
