Company News: Bayfield Ventures
Updated: 23 Aug 2010
Drilling to date on the Burns block demonstrates that the ODM17 zone extends from Rainy River Resources' ground onto Bayfield's Burns block. Rainy River Resources' March 2010 NI 43-101 resource calculation shows an indicated resource of 2.37 million ounces of gold (averaged at 1.3 g/t) and inferred resources of 2.66 million ounces of gold (averaged at 1.2 g/t). Of the total 5.03 million ounces Au inferred and indicated, 4.09 million ounces Au are contained within open pit parameters and the remaining 0.94 million ounces Au are below open pit depths.
Bayfield also holds a 100% interest in the 480 hectare "B" Claim Block which is well located to the immediate east of Rainy River Resources' northerly 433 gold zone. To the west, Bayfield owns a 100% interest in the strategically located 800 hectare "C" Block property.
All of Bayfield's properties cover similar lithologies and structures to those hosting the gold zones comprising the Rainy River multi-million ounce gold deposit.
Bayfield has raised $4,000,000 and is carrying out a minimum of 20,000 metres of drilling on its Rainy River properties.
Financial Information
- Vancouver,
- BC
- V6C 3E8
- Canada
Most Recent Company News
- Burns Block intercept - 01 Jul 2011 11:45am
Further drilling at Bayfield Ventures Corp’s Burns Block gold-silver property in the Rainy River region of Ontario has returned high-grade gold over a wide interval Read more... - Rainy River results - 28 Apr 2011 12:15pm
Further holes from Bayfield Ventures Corp’s 2010 drilling programme at the Rainy River gold-silver property in Ontario have been assayed for silver Read more... - Bayfield intercepts - 20 Aug 2010 11:50am
Initial holes of Bayfield Ventures Corp’s drilling at the Rainy River gold property in Ontario have intersected gold mineralisation. Read more...
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