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Wed Feb 16, 2005 Placer Dome to Fund Phase II Extension of Drilling on Baird Property
BAYFIELD / SKYHARBOUR & PLACER DOME TO PROCEED WITH PHASE II EXTENSION OF THE DIAMOND DRILL PROGRAM ON THE BAIRD PROPERTY
IN RED LAKE, ONTARIO.
Bayfield Ventures Corp.. is pleased to report that a diamond drill and crew are being mobilized on to the Baird property, which is held jointly by Bayfield Ventures Corp. (TSX.V: BYV-50%) and Skyharbour Resources Ltd. (TSX.V: SYH-50%).
The Baird Project is currently under option to Placer Dome (CLA) Limited, whereby Placer must spend a total of $800,000 by May 2005, to earn a 51% interest in the Baird property. This drill program will constitute a phase II extension of diamond drilling by Placer Dome on the Baird Project. Skyharbour continues to be the operator of the drill program.
The Baird property is adjacent to the north of the Claude Resource's Madsen Red Lake property, which is currently under option to Placer Dome. The Baird property is located 15 km to the southwest of the Goldcorp Red Lake Mine and the Placer Dome's Campbell Mine. There are 2 on going drill programs to the east of the Baird Property. Cypress Development continues to drill its East St. Paul's Bay region of its McKenzie Island project and Sabina Resources is also drilling at this time on its Newman / Madsen property with Wolfden Resources as operator.
To date, approximately 5210 metres (17,090 feet) of diamond drilling has been completed on the Baird Project under the Placer Dome Option Agreement. Rodren Drilling of Winnipeg carried out the drilling. (All core was of size NQ)
The primary focus of the extension of the Phase II program will be infill drilling and expansion of the known South Deformation (shear) zone previously defined in the Phase II drilling in the winter of 2003-2004. The rocks on the property are all of the highly prospective Balmer Assemblage and exhibit structural and alteration systems that are typical of the Campbell and Red Lake mines. Drilling to date has confirmed the presence of gold mineralization within a broad zone of quartz carbonate alteration which includes veins and veining in mafic / ultramafic flows. Bayfield and Skyharbour are very encouraged with the assay results received to date from the previous round of drilling; (B03-13: 11.63 g/tonne over.8 metres, B03-11: 13.68 g/tonne over .4 metres, B03-09: 7.71 g/tonne over .3 metres, B03-12: 4.11 g/tonne over 1.5 metres). In addition to the above intercepts, several of the holes contained a number of wider anomalous gold intercepts.
Bayfield Ventures and Skyharbour Resources believe that these numerous gold intercepts may form, or be part of a larger gold mineralized system. The latest drilling intersected a number of gold values that appears to be controlled primarily by the contact between ultramafic hypabyssal rocks (peridotite) and the mafic flow units. This contact, when intersected by structures would be highly prospective for significant gold accumulations. Skyharbour (operator) is of the opinion that several such settings exist on the Baird property.
Skyharbour Resources Ltd. has filed on SEDAR a report titled 'Baird Property 2003 Drilling Program,' dated March 3, 2004 in compliance with standards set out in National Instrument 43-101F1. The full report can be viewed at www.sedar.com.
All work programs and all results have been prepared under the direct supervision of David Busch, B.A., B.Sc. (hons), PGeo, who is designated a qualified person under the guidelines of National Instrument 43-101, has the ability and authority to attest to the authenticity and validity of the data.
BAYFIELD VENTURES CORP. is actively involved in the acquisition, exploration and development of precious and base metal properties in the Red Lake region of Ontario, Canada, and in the South Gobi region of Mongolia.
ON BEHALF OF THE BOARD OF DIRECTORS
DONALD C. HUSTON
For further information contact myself or:
Bayfield Ventures Corp.
Toll Free: 800-567-8181
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