Bayfield Ventures Corp. (CVE:BYV) (OTC:BYVVF) unveiled Wednesday additional results from drilling in the eastern portion of its Burns Block property in northwestern Ontario.
The company's 100 per cent owned Burns
Block gold-silver project is located in the Rainy River District of
north-western Ontario and is situated adjacent to the east and on strike
to Rainy River Resources' (TSE:RR) multi-million ounce gold-silver deposit.
miner reported today results from five holes that targeted potential
extensions of the recently discovered East Burns mineralized zone, as
well as one infill hole.
The East Burns gold-silver zone is the
easterly strike extension of the main ODM17 gold-silver zone, which
constitutes the bulk of Rainy River Resources' deposit and Bayfield's high grade gold-silver zones, which sit 600 to 700 metres to the west.
from the latest results include hole RR12-15, which intercepted 7.5
metres of 1.77 grams per tonne (g/t) gold and 6.32 g/t silver, and hole
RR12-16, which hit 12.0 metres of 1.33 g/t gold.
is being found "within a 50 to 70 metre wide zone of shearing,
sericite-silica alteration and polymetallic base metal sulfide
mineralization", Bayfield said in the release.
It also said this
eastern area zone of mineralization remains open down dip and down the
interpreted south-southwest plunge, adding that the zone is also open
onto Rainy River's lands to the east.
Infill holes are currently being drilled with assays pending.
noted that the assay results reported today show that gold and silver
mineralization continue down dip at the eastern zone but have become
"more disseminated in style and thus of lower grade."
company said it is apparent now that the higher grade intervals reported
from several previous holes are likely lying within low angle plunging
mineralized shoots - a pattern seen in the west Burns Block area as
This has helped Bayfield identify additional drill targets
in both the east and west Burns area that will be tested in the future,
the miner added.
More exploration drilling of the down dip
extension of the east Burns zone is planned once a program of infill
drilling and western extension of the central portion of this new zone
Bayfield is fully funded to finish its planned
100,000 metre diamond drill program with drilling concentrated on the
flagship Burns Block project. The company has 70.3 million shares
outstanding and has over $4 million in its treasury.