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 Oct 11, 2007 Rainy River Option Agreement on Additional Parcel, NW Ontario
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) announces that the Company has added an additional property to its sizable land package in the Rainy River District of northwestern Ontario.
Bayfield has entered into an Option Agreement with Kenneth, Brian, Stephen and Robert Burns (the "Optionors"), to earn 100% in certain patented mineral rights, known as the Burns Block, totaling 80 acres located in Richardson Township (Parcel #15916). In consideration, the Optionors will receive total cash payments of $145,000.00 and will be issued a total of 340,000 shares over a four year period. The Parcel #15916 property is subject to a 2% net smelter return royalty. The Company has been granted a right to purchase one-half (1%) of the net smelter return for the sum of $1,000,000.
The Burns Block, Richardson Township, is geologically ideally located and adjoining the immediate east of the Rainy River Resources ongoing drill program at the #17 Zone, the ODM Zone, and the # 433 Zone gold discovery area. The new property is also located to the immediate southwest of Bayfield Ventures Claim Block "B" property.
Bayfield will initiate an immediate work program on this new parcel with a grid being established and a magnetometer and a horizontal loop EM survey being completed in preparation for an immediate drill program.
This Option Agreement is subject to the acceptance by the TSX Venture Exchange.
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
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