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.
Fri Aug 1, 2008 Rainy River Resources Announces Drill Results Located 60 Metres West Southwest of Bayfield's Burns Block, Director Appointed
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") reports that Rainy River Resources Ltd. (TSX-V: RR) has announced drill results from hole NR08-258 located 60 metres west-southwest of the Burns Block owned by Bayfield Ventures and under an option agreement with Rainy River Resources.
Rainy River Resources is earning a 60% interest in Bayfield's "Burns Block" located in the Richardson Township, Rainy River District of northwestern Ontario. The Burns Block property adjoins the immediate east of the main Rainy River Resources' block which hosts the #17 / ODM gold deposits and where four drill rigs are actively exploring. Rainy River Resources will begin drilling on Bayfield's Burns Block shortly.
Last October Rainy River Resources reported a new gold discovery in hole NR07-187 a few hundred metres east-southeast of the #17 zone, with a wide interval of 61.5 metres grading 1.77 grams per tonne gold including 9.0 metres grading 6.64 grams per tonne gold (see Oct. 15, 2007, news issued by RR). NR08-258, collared 60 metres east of NR07-187, was successful in intersecting this same gold zone with an interval of 25.5 metres grading 1.57 grams per tonne gold, including a higher-grade interval of 10.5 metres grading 2.83 grams per tonne gold. This new gold zone is interpreted to represent either the faulted eastern extension of the #17 zone, or a new stacked gold horizon lying between the #17 and Cap zones. NR08-258, lies 60 metres west-southwest of the Burns block owned by Bayfield Ventures Corp. and under an option agreement with Rainy River Resources (see Dec. 3, 2007, news issued by RR). Detailed drilling is planned to trace the limits of this new gold zone.
In other news, Bayfield Ventures Corp. is pleased to announce the appointment of Stanley Fiddis to the Board of Directors of the Company. Mr. Fiddis brings with him over 30 years of diverse background in business.
The Company also announces that pursuant to its stock option plan, the Company has granted incentive stock options to its various directors, officers and consultants to purchase up to an aggregate of 264,565 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.295 per share. In conjunction with his appointment, Mr. Fiddis will receive 100,000 of the incentive stock options granted. Bayfield Ventures' 10% rolling stock option plan was approved by the shareholders at the Annual General Meeting of the Company held on April 3, 2008. These options are subject to a four-month hold period.
Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario. Property partners include Rainy River Resources and Goldcorp.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. Pettit
For further information contact myself or:
Bayfield Ventures Corp.
Toll Free: 800-567-8181
You can view the Next News Releases item: Tue Sep 16, 2008, ROBUST GOLD INTERSECTION RECORDED ON THE BAYFIELD "BURNS BLOCK" ANOTHER NEW GOLD ZONE EMERGING ALONG RAINY RIVER'S 17 GOLD TREND NR08-283 INTERSECTS 4.5 METRES GRADING 7.34 G/T GOLD
You can view the Previous News Releases item: Thu Jan 31, 2008, Initial Results from Claim Block "B" Drilling, Geophysical Program Underway on Claim Block "C", Rainy River District, NW Ontario
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