Thursday 29 March 2012

Bayfield hits high grade silver at Burns Block

Bayfield Ventures Corp. (CVE:BYV) unveiled late Wednesday further assays from early stage exploration for gold and silver at its Burns Block project, in Northwestern Ontario.

The 80-acre property rests to the east and on strike of Rainy River Resources' (TSE:RR) multi-million ounce gold-silver deposit.

The new gold-silver zone is hosted in a strongly sheared and altered dacite volcanic unit 600 to 700 metres to the east of Bayfield's high grade gold-silver zones.

Notable highlights include RR12-7 which found 5.28 grams per tonne of gold (g/t) over 10.5 metres as well as 77.82 g/t of silver. This also includes 7.31 g/t gold and 107.95 g/t of silver over 7.5 metres at 545 metres down-hole.

Results show strong gold mineralization is present over an expanding area, both down-dip and along strike at the east Burns Block, the company said.

Other notable intersections include drill hole RR12-8, which encountered 3.8 g/t of gold and 26.98 g/t of silver over 11 metres including 7.9 metres of 4.77 g/t gold and 43.47 g/t of silver at 506 metres down hole.

Drill hole RR12-6, which was drilled up dip of the strong mineralization previously reported in drill hole RR12-5, intercepted 0.60
g/t gold and 7.44 g/t of silver over 7.0 metres.

The Vancouver-based miner said a program re-testing higher grade silver zones is showing clear trends of higher to much higher silver assay values, adding it plans to expand the re-assay program.

In a statement, the company said: "Higher silver numbers are now being intercepted within the main zone."

"These high grade silver numbers are very encouraging as they are similar to those found in and around very high grade zones of gold mineralization within the western portion of the Burns Block."

Bayfield Ventures is exploring for gold and silver in the Rainy River District. It has completed about 270 holes in its on-going
100,000 metre drill program which is focused on its flagship Burns Block project.

No comments:

Post a Comment