Rainy River, Ontario• "Burns" Claim Block Property • Claim Block "B" Property • Claim Block "C" Property Red Lake, Ontario • The Red Lake Gold Camp • Baird Gold Property
Bayfield Ventures Corp. (TSX-V: BYV) is exploring for gold and silver in the Rainy River district of northwestern Ontario.
Bayfield owns 100% of the mineral rights to its flagship "Burns" Block property which is located in the Richardson Township, Rainy River District of northwestern Ontario. The property is surrounded by Rainy River Resources (TSX: RR) property and adjoins the immediate east of Rainy River Resources' main ODM17 gold-silver deposit and to the west of their expanding Intrepid gold-silver zone. The Burns Block property is subject to a 2% NSR.
Drilling to date on the western side of the Burns Block demonstrates that the main ODM17 gold-silver deposit extends from Rainy River Resources' ground onto Bayfield's Burns Block. Notable drill results from Bayfield's current ongoing 100,000 metre drill program include 60.05 grams per tonne gold and 362.96 grams per tonne silver over 11.2 metres within 26.70 grams per tonne gold and 170.69 grams per tonne silver over 25.5 metres in hole RR11-71, as well as 35.93 grams per tonne gold and 359.65 grams per tonne silver over 10.0 metres in hole RR10-18.
The Company is currently focused on drilling a newly discovered high grade gold-silver zone on the eastern side of the Burns Block. Bayfield continues to drill test the down-plunge extension of this expanding mineralized zone which is projected to be the down-dip portion of Rainy River Resources newly discovered Intrepid Zone. Notable early results from the zone include 6.60 grams per tonne gold and 34.20 grams per tonne silver over 25.50 metres including 11.06 grams per tonne gold and 57.05 grams per tonne silver over 15.00 metres in wedge hole RR12-34W1, 5.45 grams per tonne gold and 20.63 grams per tonne silver over 19.60 metres in hole RR12-30, and 12.19 grams per tonne gold and 30.05 grams per tonne silver over 11.90 metres in hole RR 13-07.
Bayfield Ventures is consistently proving up lower grade, bulk tonnage gold and silver mineralization as well as high-grade gold and silver zones on the Burns Block property.
Rainy River Resources (TSX: RR) October 2012 NI 43-101 resource calculation shows a measured and indicated resource of 6.17 million ounces of gold averaging 1.21 grams per tonne gold, in addition to an inferred resource of 2.28 million ounces of gold averaging 0.75 grams per tonne gold. Rainy River considers that the material above the final depth of the conceptual pit shell (500 metres vertical depth) offers reasonable prospects for economic extraction from an open pit using a cut-off grade of 0.35 grams per tonne gold. The deposit also contains a measured and indicated resource of 13.34 million ounces of silver averaging 2.62 grams per tonne silver, in addition to an inferred resource of 6.98 million ounces of silver averaging 2.32 grams per tonne silver.
Bayfield also has a 100% interest, subject to a 2% NSR, in the mineral rights to the "B" Block property. The 480 acre "B" Block is well located to the immediate east of Rainy River Resources' 433 gold zone. To the west, Bayfield has earned a 100% interest in the strategically located 1,976 acre "C" Block property.
Robert Marvin, P.Geo., CPG, Project Geologist for Bayfield Ventures is the Qualified Person as defined by National Instrument 43-101 and supervised both the project field exploration and the preparation of the technical information in this presentation.
Drill core analysis and assaying is being conducted by ACT Labs in Thunder Bay, Ont. The lab is ISO/IEC 17025:2005 (CAN-P-4E) certified. The drill core is split and sampled in standard 0.5 metre to 1.5 metre intervals. The core samples were analyzed for gold by 30-gm fire assay with AA finish and by gravimetric methods from assays over 5,000 ppb (over limit). Screened total metallic assays are being performed on samples assaying over 5,000 ppb. The core samples were analyzed for silver by Ag Aqua Regia-ICP finish and Ag Fire Assay-Gravimetric from assays over 100 ppm (over limit). The Company has implemented a quality assurance and quality control program to ensure that the sampling and analysis of all samples is conducted in accordance with the best possible practices.