On February 15th, Bayfield Ventures was recognized as a TSX Venture 50® company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license. The TSX Venture 50® are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors -- mining, oil & gas, technology & life sciences, diversified industries and clean technology -- based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2010.
Thu Apr 26, 2007 Drilling to Commence in May on Rainy River Claim, NW Ontario
Vancouver, BC - Bayfield Ventures Corp. (TSX.V: BYV) (FWB: B4N) and Range Metals Inc. announce that the companies will proceed with a spring 2007 reconnaissance drill program on their 50/50 joint venture Claim Block "A" situated in the Rainy River district, Northwestern Ontario. The property is located approximately 800 metres to the southwest, on strike, of Rainy River Resources new gold discovery on their ODM zone and the # 17 zone.
The companies have completed a winter exploration program on the Claim Block "A" property. The work program consisted of establishing a ground grid with 50 metre line spacing, followed with a geophysical program including a detailed total field / vertical gradient magnetometre survey and a horizontal loop electromagnetic survey over the grid. The magnetic data has confirmed one northeast trending structure and has identified a second northeast trending structure with a strong relationship to the regional airborne mag data. The new structure is located just up ice of a previous overburden hole that showed strong anomalous gold values in previous assaying.
In addition to the geophysics, 5 reverse circulation drill holes totaling 150 metres were completed on the ground. These holes were designed as infill drill holes to confirm and expand information on a previous reconnaissance overburden drill program initiated by Nuinsco Resources in 1996. Samples from the recent overburden drilling have been submitted for analysis and the companies await results.
The companies will drill 3 - 4 initial holes to test the geological settings to determine conductive zones that may represent structures or sulfides in bedrock. The companies are of the opinion that there is potential for lode gold and / or gold rich volcanogenic deposits. Drilling will commence mid to end of May.
Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario, and copper-gold and coal in the South Gobi region of Mongolia. Property partners include Goldcorp and BHP Billiton.
ON BEHALF OF THE BOARD OF DIRECTORS
DONALD C. HUSTON
For further information contact myself or:
Bayfield Ventures Corp.
Toll Free: 800-567-8181
You can view the Next News Releases item: Wed May 2, 2007, Rainy River Diamond Drilling to Commence on Block "B" in May, NW Ontario
You can view the Previous News Releases item: Tue Apr 17, 2007, Shares Issued for Block "A", Rainy River Claim, NW Ontario
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