Bayfield Ventures Corp. (CVE: BYV) has unveiled Tuesday additional assay results from the continued exploration of its Burns Block and B Block gold-silver projects in northwestern Ontario, which it says were "highly encouraging".
Bayfield's Burns and "B" Blocks are located in the Rainy River District, situated adjacent to the east of Rainy River Resources' (TSE: RR) main multi-million ounce gold-silver deposit and to the west of that company's expanding Intrepid gold-silver zone.
Tuesday, the Canadian junior explorer released highlights from 12 drill holes completed during its 2013 campaign on the two properties, with drilling still continuing on the Burns block.
Of note, Bayfield said it intersected 22.9 metres grading 8.10 grams per tonne (g/t) gold and 20.55 g/t silver, including 11 metres of 12.19 g/t gold and 30.05 g/t silver in the East Burns-Intrepid zone.
The lower portion of this wider zone returned 7.50 metres of 2.27 g/t gold and 20.50 g/t silver including 3.00 metres of 5.36 g/t gold and 50.60 g/t silver. The company said the lower mineralized interval appears to represent a new footwall discovery below the main East Burns -- Intrepid zone.
"When combined with the 200+ metres of vertical extent of the mineralization discovered at East Burns to date, the apparent continuity of geologic characteristics and gold-silver assay results is highly encouraging and compares well with current descriptions of the deeper portions of Rainy Rivers' Intrepid Zone, located immediately east of the Burns Block property boundary," Bayfield said in its release on Tuesday, adding that it is continuing drilling in the southwest extension area of the East Burns-Intrepid zone.
The company's recent work has focused on both up-dip and down dip extension drilling of the developing high grade East Burns-Intrepid zone, and wide spaced drilling of the prospective 480 acre "B" Block property.
The "B" Block is located directly north of the near-surface portion of Rainy River Resources' newly discovered Intrepid Zone.
At the "B" Block, hole B13-1, located in the south-central portion of the property, intersected a down hole interval of 15.00 metres grading 0.46 g/t gold and 10.55 g/t silver, starting at 248 metres down hole.
The Canadian junior company says it is fully funded to finish its planned 100,000 metre diamond drill program in the Rainy River District.