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.
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
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.
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.
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.
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."
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.