Projects Overview

Claim Block "B" Property

Northwestern Ontario General Location Map
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Bayfield Ventures' "B" claim block, totaling approximately 480 hectares, abuts the eastern boundary of Rainy River Resources' (TSX-V: RR) main 433 gold zone Richardson Township property in northwestern Ontario. Access to the "B" Block property is attained via numerous all-weather, secondary provincial highways (gravel) and township roads, which lead off of paved provincial highways 11 and 71. These routes traverse the region and provide excellent ingress to the property.

Rainy River Gold Exploration Claims Map
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The "B" claim property is located near the international boundary with Minnesota. The nearest population centre is Fort Frances, 50 km to the southwest. Bayfield's properties lie within the Rainy River Greenstone Belt. This belt is one component of the western part of the Archean Wabigoon Subprovince of the Canadian Shield, a 900 km long east-west trending metavolcanic-metasedimentary domain bordered and intruded by granitoid intrusions of up to batholithic dimensions. The Wabigoon Subprovince is composed of several tectonically bounded assemblages consisting of komatiitic to calc-alkalic metavolcanics overlain by clastic and minor chemical sediments. Intrusion of the granitoid domes has imparted a synformal structural character to the supracrustal rocks, and the central axial zones of many of these synformal belts may be characterized by long sinuous shear / fault zones.

Rainy River Regional Geology Map
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Claim Block "B" Magnetic Survey Data Click to Enlarge	Claim Block "B" Ground Survey Data Click to Enlarge
Claim Block "B" Magnetic Survey Data Click to Enlarge	Claim Block "B" Overburden Holes w/Gold Assays Click to Enlarge

In December 2008, Bayfield Ventures completed a 4 hole drill program (1192 metres in total) concentrated in the southwest corner of the "B" claim block. Mineralization on the "B" claim block was encountered in felsic pyroclastics flanking a strong north-south trending growth fault on the property. The fault is the most easterly of a series of north-south trending faults in the area. A number of distinct pebbly pyroclastic units abut this fault and trend off to the southwest.

All four holes, although shallow, encountered wide sections of elevated to strongly anomalous gold values including a 2 metre intercept grading 5.70 g/t gold within 5 metres of 2.64 g/t gold, and a 1 metre intercept grading 1.95 g/t gold. The gold values are typically associated with sulfides and elevated zinc values.

Rodren Drill Rig on B Claim Block
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Hole RR08-1 encountered elevated to strongly anomalous gold values of 200 ppb to 1900 ppb Au over 38.8 metres from 92 metres to 130.8 metres, including 1.95 g/t Au over 1 metre from 99.7 metres to 100.7 metres. Hole RR08-2 encountered elevated to strongly anomalous gold values over a 21 metre intersection from 251 metres to 272 metres including 5.7 g/t Au (.17 oz/t Au) over 2 metres within 5 metres of 2.64 g/t Au. Hole RR08-3 encountered elevated to strongly anomalous gold values from 177 metres to 188 metres. Hole RR08-4 encountered elevated to strongly anomalous gold values of 200 ppb to 900 ppb Au over 28 metres from 26.5 metres to 54.5 metres.

The mineralization encountered on Bayfield's "B" claim block occurs in an environment similar to that hosting gold values on Bayfield's Burns Block and on the main ODM17 Zone of Rainy River Resources, all to the southwest. It is very likely that some of the lithological units are correlative across the area. All of this augers well for defining deposit scale mineralization on ground held by Bayfield Ventures in the immediate area. The Company is of the opinion that the highly altered dacitic tuff breccia zone, seen in Rainy River Resources' core, continues in an easterly trend onto the "B" claim block held 100% by Bayfield Ventures.

Burns Block and B Block Map Showing Drill Holes
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Just to the southwest of the "B" Block a 5.2 metre intercept of 12.17 g/t gold was discovered. More recent drill results reported by Rainy River Resources to the east of their 433 gold zone represent a possible eastward strike extension of the zone. With sufficient drilling, Bayfield is of the opinion that it can prove up this extension of the 433 gold zone eastward onto the "B" 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.

Looking West to East Showing "Burns" & "B" Block Drill Holes & Intercepts Click to Enlarge

Same View with Conceptual Ultimate Open Pit Outline Click to Enlarge

View of Open Pit and Zones from the South Click to Enlarge

Bayfield currently has two rigs drilling on its Rainy River properties, one on the Burns Block and one on the "B" Block, to carry out the Company's 20,000+ metres of diamond drilling. The objective of this major drill program is to explore and expand the extension of gold mineralization that is being defined by Rainy River Resources on their ground adjacent to Bayfield's properties. The drilling will focus on confirming gold continuity and grade at both shallow and deeper depths. With $3.5 million in its treasury, Bayfield is well financed to carry out the drilling.

Bayfield's properties are ideally located with easy access to roads and power. Ontario has low political risk and the Rainy River District has skilled labour and is one of the lowest-cost areas for mineral exploration and development in Canada.