Bayfield Ventures Corp. (TSX-V: BYV) is exploring for gold in the Rainy River district of northwestern Ontario.
Bayfield's 100% owned "Burns" block property is located in the Richardson Township, Rainy River District of northwestern Ontario. The property is surrounded by Rainy River Resources (TSX-V: RR) and adjoins the immediate east of Rainy River Resources' main ODM17 gold zone.
Drilling to date on the Burns block demonstrates that the ODM17 zone extends from Rainy River Resources' ground onto Bayfield's Burns block. Rainy River Resources' March 2010 NI 43-101 resource calculation shows an indicated resource of 2.37 million ounces of gold (averaged at 1.3 g/t) and inferred resources of 2.66 million ounces of gold (averaged at 1.2 g/t). Of the total 5.03 million ounces Au inferred and indicated, 4.09 million ounces Au are contained within open pit parameters and the remaining 0.94 million ounces Au are below open pit depths.
Bayfield also holds a 100% interest in the 480 hectare "B" Claim Block which is well located to the immediate east of Rainy River Resources' northerly 433 gold zone. To the west, Bayfield owns a 100% interest in the strategically located 800 hectare "C" Block property.
All of Bayfield's properties cover similar lithologies and structures to those hosting the gold zones comprising the Rainy River multi-million ounce gold deposit.
Bayfield has raised $4,000,000 and is carrying out a minimum of 20,000 metres of drilling on its Rainy River properties.
Bayfield Ventures Corp's goal is to increase shareholder value by developing exploration projects near world-class deposits that have the potential of becoming new discoveries.