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BYV - Bayview Ventures

post #1 of 13
Thread Starter 
management has a reputation as pump and dumpers but they have always been adroit in nabbing claims in close proximity to discoveries. their burns property is a case in point, literally next door to Rainy River's deposit. they await several holes. i was in on the recent pp of this one (i wish i had reserved more) through my broker. note rick rule, the head of haywood plus casey research's clout got a very sweet deal on this one with 3 year warrants. the burns property is not very big but it is extremely strategic and possibly a buyout target of RR.
post #2 of 13
Thread Starter 
Bayfield ready to start drilling at Rainy River

2010-05-27 09:18 ET - News Release

Mr. James Pettit reports

BAYFIELD BEGINS 20,000+ METRE DRILL PROGRAM ON RAINY RIVER GOLD PROPERTIES IN NW ONTARIO

Bayfield Ventures Corp. has placed on site a drill rig, equipment and infrastructure for the commencement of a more-than-20,000-metre drill program on its 100-per-cent-owned properties in the Rainy River district of Northwestern Ontario. Rodren Drilling of Winnipeg has commenced diamond drilling on Bayfield's Burns block property situated immediately to the east and on strike to Rainy River Resources' main ODM17 gold deposit in the Richardson township.

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 its ground adjacent to Bayfield's properties. The drilling will focus on confirming gold continuity and grade at depths within the shell of a potential open pit mine.

Additionally, Bayfield is contemplating a second drill rig this summer for a drill program on its 100-per-cent-owned B claim block located immediately northeast of the Burns block.

The mineralization encountered to date on Bayfield's Burns and B claim block properties occurs in the same geological environment as that on the main ODM17 gold zone of Rainy River Resources to the immediate west.

Gold reserves on the Rainy River Resources property were reported on March 2, 2010, as 56,833,000 tonnes at 1.3 grams per tonne gold indicated (2.37 million ounces) in addition to 68,930,000 tonnes at 1.2 g/t gold inferred (2.66 million ounces). These resources were arrived at using a 0.4 g/t gold cut-off.

Ten holes (totalling 4,841 metres) have been previously drilled and reported on Bayfield's Burns block. This drilling has confirmed the widespread distribution of gold within two lithostructural intervals directly on strike with the ODM17 gold zone and North gold zone of Rainy River Resources. Shallow intercepts reported by Bayfield along the strike extension of Rainy River Resources' ODM17 gold zone indicate that a well-above-gold-cut-off-grade mineralization continues onto the Burns block.

Significant results from previous drilling on the Burns block include 4.5 metres of 7.34 g/t gold and 43.5 metres of 0.78 g/t gold, including 4.5 metres of three g/t gold, 25 metres of 0.89 g/t gold, and 61.2 metres of 0.49 g/t gold, including 7.5 metres of 1.77 g/t gold within 16.5 metres of 1.20 g/t gold, and one metre of 9.51 g/t gold.

A four-hole drill program (1,192 metres in total) was completed by Bayfield on its B claim block property back in 2008. All four holes encountered wide sections of elevated to strongly anomalous gold values, and a two-metre intercept grading 5.7 g/t gold was intersected in one of the holes. Mineralization on the B claim block was encountered in felsic pyroclastics flanking a strong north-south-trending fault on the property.

Bayfield Ventures is well situated with $4-million in its treasury to carry out the proposed drilling on both its Burns and B claim block properties. The company may also conduct future work on its C claim block property located west of Rainy River Resources' ground.

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

We seek Safe Harbor.
post #3 of 13
Thread Starter 
2010-08-03 09:50 ET - News Release


Mr. Jim Pettit reports

BAYFIELD MOBILIZES SECOND DRILL RIG TO ITS RAINY RIVER GOLD PROJECT IN NW ONTARIO

Rodren Drilling for Bayfield Ventures Corp. has mobilized a second drill rig and equipment for the commencement of a drill program on Bayfield Venture's 100-per-cent-owned B claim block property situated immediately northeast of Bayfield's Burns block and east of Rainy River Resources' 433 gold zone in Northwestern Ontario.

Bayfield now 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-plus 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 the ground adjacent to Bayfield's properties. The drilling will focus on confirming gold continuity and grade at both shallow and deeper depths.

A four-hole drill program (1,192 metres) was completed by Bayfield on its B block property in the fall of 2008. All four holes, although shallow, encountered wide sections of elevated to strongly anomalous gold values, including a two-metre intercept grading 5.70 grams per tonne gold within five metres of 2.64 g/t gold and a one-metre intercept grading 1.95 g/t gold.

The gold mineralization encountered to date on Bayfield's B block, like the Burns block, occurs in the same geological environment as that hosting Rainy River Resources' five-million-ounce gold deposit to the immediate west. Furthermore, recent drill results reported by Rainy River Resources to the east of its 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.

Drilling update on the Burns block

Bayfield has now completed approximately 4,800 metres of drilling on its 100-per-cent-owned Burns block property since starting its major 20,000-plus-metre diamond drill program in May, 2010. The company has finished 11 holes on the property so far, ranging in length from 270 metres to 730 metres, and will continue exploring the strike extension of Rainy River Resources' ODM17 gold zone at depth. Bayfield is extremely pleased with the drilling thus far, and assays are pending.

Previously, 10 holes (4,841 metres) had been drilled and reported by Bayfield on the Burns block. The drilling confirmed the widespread distribution of gold within two lithostructural intervals directly on strike with the ODM17 gold zone of Rainy River Resources. Shallow and deeper intercepts reported by Bayfield along the strike extension of Rainy River Resources' ODM17 gold zone indicate that well-above-gold-cut-off-grade mineralization continues onto the Burns block.

Significant results from previous drilling on the Burns block include 4.5 metres of 7.34 g/t gold, 43.5 metres of 0.78 g/t gold, including 4.5 metres of 3.0 g/t gold, 25 metres of 0.89 g/t gold, 61.2 metres of 0.49 g/t gold, including 7.5 metres of 1.77 g/t gold within 16.5 metres of 1.20 g/t gold, and one metre of 9.51 g/t gold.

Rainy River Resources' March, 2010, NI 43-101-compliant resource estimate 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 of gold inferred and indicated and 4.09 million ounces of gold are contained within open pit limits, and the remaining 940,000 ounces of gold are below open pit depths.

We seek Safe Harbor.
post #4 of 13
Thread Starter 
Bayfield to start drilling at Rainy River with two rigs

2010-08-03 09:50 ET - News Release

Mr. Jim Pettit reports

BAYFIELD MOBILIZES SECOND DRILL RIG TO ITS RAINY RIVER GOLD PROJECT IN NW ONTARIO

Rodren Drilling for Bayfield Ventures Corp. has mobilized a second drill rig and equipment for the commencement of a drill program on Bayfield Venture's 100-per-cent-owned B claim block property situated immediately northeast of Bayfield's Burns block and east of Rainy River Resources' 433 gold zone in Northwestern Ontario.

Bayfield now 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-plus 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 the ground adjacent to Bayfield's properties. The drilling will focus on confirming gold continuity and grade at both shallow and deeper depths.

A four-hole drill program (1,192 metres) was completed by Bayfield on its B block property in the fall of 2008. All four holes, although shallow, encountered wide sections of elevated to strongly anomalous gold values, including a two-metre intercept grading 5.70 grams per tonne gold within five metres of 2.64 g/t gold and a one-metre intercept grading 1.95 g/t gold.

The gold mineralization encountered to date on Bayfield's B block, like the Burns block, occurs in the same geological environment as that hosting Rainy River Resources' five-million-ounce gold deposit to the immediate west. Furthermore, recent drill results reported by Rainy River Resources to the east of its 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.

Drilling update on the Burns block

Bayfield has now completed approximately 4,800 metres of drilling on its 100-per-cent-owned Burns block property since starting its major 20,000-plus-metre diamond drill program in May, 2010. The company has finished 11 holes on the property so far, ranging in length from 270 metres to 730 metres, and will continue exploring the strike extension of Rainy River Resources' ODM17 gold zone at depth. Bayfield is extremely pleased with the drilling thus far, and assays are pending.

Previously, 10 holes (4,841 metres) had been drilled and reported by Bayfield on the Burns block. The drilling confirmed the widespread distribution of gold within two lithostructural intervals directly on strike with the ODM17 gold zone of Rainy River Resources. Shallow and deeper intercepts reported by Bayfield along the strike extension of Rainy River Resources' ODM17 gold zone indicate that well-above-gold-cut-off-grade mineralization continues onto the Burns block.

Significant results from previous drilling on the Burns block include 4.5 metres of 7.34 g/t gold, 43.5 metres of 0.78 g/t gold, including 4.5 metres of 3.0 g/t gold, 25 metres of 0.89 g/t gold, 61.2 metres of 0.49 g/t gold, including 7.5 metres of 1.77 g/t gold within 16.5 metres of 1.20 g/t gold, and one metre of 9.51 g/t gold.

Rainy River Resources' March, 2010, NI 43-101-compliant resource estimate 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 of gold inferred and indicated and 4.09 million ounces of gold are contained within open pit limits, and the remaining 940,000 ounces of gold are below open pit depths.

We seek Safe Harbor.
post #5 of 13
Thread Starter 
Bayfield drills 1.0 m of 17.18 g/t Au at Burns Block

2010-08-18 16:24 ET - News Release

Mr. Jim Pettit reports

BAYFIELD VENTURES' RAINY RIVER DRILL PROGRAM INTERSECTS GOLD IN FIRST 4 HOLES

Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") is pleased to announce initial drill results from its ongoing 2010 diamond drill program on its Burns Block property in the Rainy River District of north-western Ontario. The Burns Block is situated immediately to the east and on strike to Rainy River Resources' (TSX-V: RR) reported major 5+ million ounce gold deposit with an average grade of 1.25 g/t gold.

Highlights: First four holes further confirm extension of Rainy River Resources' main ODM17 Gold Zone onto the Burns Block 17.18 g/t Au over 1.0 metre, 11.31 g/t Au over 2.0 metres all within 6.4 g/t Au over 4.0 metres 16.98 g/t Au over 1.0 metre, 9.93 g/t Au over 2.0 metres all within 1.2 g/t Au over 20.0 metres 2.03 g/t Au over 5.0 metres within 0.78 g/t Au over 19.0 metres 2.65 g/t Au over 8.0 metres Thirteen additional holes completed; assays pending

The current round of drilling commenced in late May. Bayfield has now received and reviewed the assay results for the first four holes drilled in the current 50+ hole diamond drill program. This update summarizes the assay results and geological setting of gold mineralization intersected in the first four drill holes RR10-8 through RR10-11.

These first four holes completed by Bayfield further confirm the continuity of gold mineralization in Rainy River Resources' ODM17 Gold Zone along strike and down dip. The table below summarizes the significant gold assay results from holes RR10-8 to RR10-11:

DRILL HOLE DIP ° AZ. ° FROM (m) TO (m) INTERVAL (m) GOLD (g/t) GOLD ZONE

RR10-8 80° 359° 460 468 8.0 2.65 #283

including 462 467 5.0 3.96

including 463 466 3.0 5.63

including 463 464 1.0 9.34

RR10-9 88° 24° 465 485 20.0 1.20 #283

including 478 482 4.0 5.10

including 479 481 2.0 9.93

including 479 480 1.0 16.98

542 543 1.0 2.00

556 569 13.0 0.70 including 561 563 2.0 1.55

including 566 567 1.0 1.82

RR10-10 80° 352° 19 23 4.0 2.32 #283

422 426 4.0 6.40

including 422 424 2.0 11.31

including 423 424 1.0 17.18

RR10-11 88° 13.3° 526 527 1.0 5.24 #283

578 597 19.0 0.78

including 586 597 11.0 1.40

including 586 591 5.0 2.03

including 587 588 1.0 7.00
post #6 of 13
Thread Starter 
Bayfield drills 31.71 g/t Au over 3.0 m at Burns Block


2010-08-24 16:30 ET - News Release

Mr. James Pettit reports
BAYFIELD VENTURES CORP. (TSX-V: BYV) NEWS RELEASE
Bayfield Ventures Corp. has found a significant high-grade gold discovery on its Burns Block property in the Rainy River district of Northwestern Ontario. The Burns Block is situated immediately to the east and on strike to Rainy River Resources' multimillion-ounce gold deposit with an average grade of 1.25 grams per tonne (g/t) gold.
Visit the company's website to see the Rainy River gold properties claims map.
Highlights:
  • Significant high-grade gold discovery early in 20,000-metre-plus (50 plus holes) diamond drill program;
  • Bayfield intersects 31.71 g/t Au over three metres within 12.88 g/t Au over nine metres;
  • New high-grade gold zone intersected at a vertical depth of 160 metres;
  • Combination of the high grades and length of this gold intercept; one of the more notable gold discoveries in the Rainy River area, especially considering the shallow depth of the zone;
  • Eight additional holes completed; assays pending.
Drill hole RR10-15 has intersected high-grade gold mineralization within the upper portion of a lapilli-tuff unit from 190 metres to 199 metres downhole. The intercept totals nine metres at 12.88 g/t Au and includes three metres of 31.71 g/t Au. The hole was collared to explore for the eastward extension of Rainy River Resources' ODM17 gold zone. This extends the known mineralization previously encountered in exploration holes drilled by Rainy River Resources in 2008 and by Bayfield earlier this year.
The high-grade gold mineralization in drill hole RR10-15 is surrounded above, below and to the west by more disseminated gold mineralization indentified in holes RR10-12, RR10-13, RR10-14 and RR10-16. These holes all encountered highly anomalous gold values ranging up to 55 metres thick within the known mineralized West gold zone. The gold values within the mineralized envelope range from 200 parts per billion (ppb) to 1000 ppb. In hole RR10-15, low-grade disseminated gold mineralization occurs up hole and downhole of the new zone.
Visit the company's website to see the Burns Block drilling exploration map.
SIGNIFICANT GOLD INTERCEPTS FROM LATEST BATCH OF ASSAY RESULTS INCLUDING HOLE RR10-15

Drill hole Dip Az. From (m) To (m) Interval (m) Gold (g/t) Gold zone
RR10-12 60 degrees 360 degrees 189 213 24.0 0.51 West zone
Including 207 211 4.0 1.43
Including 207 209 2.0 2.47
RR10-15 55.5 degrees 355 degrees 190 199 9.0 12.88 606 high-grade
Including 194 197 3.0 31.71 gold zone
Including 194 195 1.0 48.10 within West zone
West zone
Hole RR10-15 was drilled to the north at an initial inclination of 60 degrees. The hole flattened to an inclination of 55.5 degrees toward the end of the hole at 293 metres. The geometry of the hole indicates that the high-grade gold zone is relativity shallow at 160 to 168 metres vertically below surface.
Fine grains (to three millimetres) of visible gold occur in the highest-grade portions of the intersection (15 to 20 gold grains noted in the 195.5-to-195.75-metre interval). This mineralogical data strongly suggest that the intersection is not based on sporadic occurrence of very coarse gold but rather is due to the presence of pervasive mineralization of microscopic gold within the entire zone.
Geologic character of the high-grade gold zone
The new gold zone contains abundant pyrite, local sphalerite and intense sericite alteration of the lapilli-tuff host rock. The sulphides occur as stringer veinlets and clots, typical of other mineralized zones in the Rainy River area. The zone is strongly deformed and contains scattered quartz veinlets.
Discussion of assay results
Bayfield is referring to this new zone of gold mineralization as the 606 high-grade gold zone. Where intersected in hole RR10-15, the 606 zone lies within the previously established west gold zone. Favourable comparison can be made between the 606 high-grade gold zone and the Bonanza grade gold zones recently discovered by Rainy River Resources immediately to the west. In both cases, high-grade gold zones occur within large zones of more disseminated gold mineralization. The combination of intercept grade, length and depth of the 606 zone would rank high on the list of all gold intercepts in the Rainy River district to date.
Based on the details of core logging of the gold zone in RR10-15, as well as logging results from surrounding holes, Bayfield believes the nine-metre interval in RR10-15 reported here is close to or at true width.
Jim Pettit, chief executive officer of Bayfield Ventures, stated: "The current 20,000-metre-plus drill program on Bayfield's Rainy River properties has made some serious headway very early on. The discovery of a high-grade gold zone in only the eighth hole drilled illustrates the early success as well as the irrefutable exploration potential going forward. Bayfield believes that with enough drilling it can define a gold resource on the Burns Block and prove up the eastern extension of Rainy River Resources' multimillion-ounce gold deposit."
Exploration potential
post #7 of 13
Thread Starter 
been in china and not updating here but in on the pp for this one. sold off my last 20k at 1.30 but still have my wts. looks like a takeover by rr eventually.
post #8 of 13
Thread Starter 
i was the first buyer yesterday at 81 cents, added more from 80 to 78 cents. was in on the the 35 cts pp and 50 cents wts. sold them at about 1.17 average. the story of burns and takeout remains compelling.
post #9 of 13
Thread Starter 
decided to complete the swing on this 30k shares all at 84 cents for a 4 cents per share profit since yesterday.
post #10 of 13
Quote:
Originally Posted by Otobong View Post
i was the first buyer yesterday at 81 cents, added more from 80 to 78 cents. was in on the the 35 cts pp and 50 cents wts. sold them at about 1.17 average. the story of burns and takeout remains compelling.
I'm in this one with you as well, I think the current drill program will push this stock back well over $1.00 as it plays out.

GLTAL,

Import1
post #11 of 13
Thread Starter 
Bayfield drills 7.0 m of 3.11 g/t Au at Burns Block

2010-11-10 17:12 ET - News Release

Mr. Jim Pettit reports

BAYFIELD'S RAINY RIVER DRILLING INTERSECTS 7M OF 3.11 G/T AU WITHIN 25M OF 1.26 G/T AU, AND 5M OF 3.07 G/T AU WITHIN 20M OF 1.00 G/T AU

Bayfield Ventures Corp. has released additional drill results on its 100% owned Burns Block property in the Rainy River District of north-western Ontario. The Burns Block is situated immediately to the east and on strike to Rainy River Resources' (TSX-V: RR) multi-million ounce gold deposit. Rainy River Resources' NI 43-101 compliant resource included 2.37 million ounces of gold at 1.3 g/t in the indicated category and an additional 2.66 million ounces of gold at 1.2 g/t in the inferred category.

Highlights:

Confirmed continuity of near-surface gold mineralization north of hole RR10-15 and south of the recently reported North Gold Zone Significant results include 7.0 metres of 3.11 g/t Au within 25.0 metres of 1.26 g/t Au in hole RR10-32, and 5.0 metres of 3.07 g/t Au within 20.0 metres of 1.00 g/t Au in hole RR10-33 Continuing to define shallow, bulk-tonnage gold mineralization on the Burns Block Assays pending for the first seven infill holes drilled between the high grade zones in RR10-18 and RR10-15; two rigs actively exploring this area

Following completion of hole RR10-31, located in the North Zone, the rig was moved to a position north of discovery hole RR10-15 to begin exploring for the continuity of gold mineralization between hole RR10-15 and the North Zone. The results reported here confirm this continuity and further demonstrate that near-surface gold mineralization on the Burns Block is consistent with near-surface mineralization in Rainy River Resources' deposit. A total of five shallow holes were drilled (RR10-32 to RR10-36). All of the assays are presented in the table below.

GOLD ASSAY RESULTS FOR BURNS BLOCK

Drill hole AZ. DIP From (m) To (m) Interval (m) Gold (g/t)
RR10-32 358 75 151.00 183.00 32.0 1.02
including 154.00 179.00 25.0 1.26
including 163.00 170.00 7.0 3.11
including 169.00 170.00 1.0 10.60
RR10-33 358 45 134.00 174.00 40.0 0.79
including 134.00 154.00 20.0 1.00
including 147.00 152.00 5.0 3.07
including 148.00 149.00 1.0 9.83
including 165.00 166.00 1.0 1.45
RR10-34 358 75 124.00 180.00 56.0 0.19
including 171.00 172.00 1.0 1.31
RR10-35 358 45 93.00 138.00 45.0 0.21
including 135.00 137.00 2.0 1.05
RR10-36 358 60 106.00 149.00 43.0 0.54
including 111.00 115.00 4.0 1.24
including 120.00 121.00 1.0 1.17
including 126.00 127.00 1.0 1.00
including 129.00 130.00 1.0 1.22
including 131.00 132.00 1.0 1.04
including 147.00 149.00 2.0 1.28
including 148.00 149.00 1.0 1.59

* g/t = grams per metric tonne
* Mineralized intervals in table 1 above are estimated to be 85% to 95% of true width

Jim Pettit, CEO of Bayfield Ventures, stated: "The results reported here continue to verify that the near-surface, bulk-tonnage gold mineralization on the central to northern section of the Burns Block would be conducive to the potential extension of an open pit scenario. The Company has yet to report on any infill drilling between the high grade holes 15 and 18. The delineation of the 400 metre linear plunge distance between the two holes has been of top priority and two rigs continue to work on this area."

Geological Discussion of Gold Assay Results from Holes RR10-32 to RR10-36:

A major fault zone was intersected in RR10-36 from 98 to 101 metres down hole. This structure appears to cross-cut the mineralized zone and has likely offset the higher grade gold mineralization north of hole RR10-15. More drilling is required in the area between RR10-15 and the north property boundary to properly explore for the up-dip extension of the high grade target.

In all areas explored at the Burns Block to date, higher grade mineralization is found where intense sericite alteration is fading and chlorite veinlets begin to appear. This alteration boundary is likely to continue to the east within the overall mineralization envelope developed in the dacite host rocks.

Exploration Potential:

After completing holes RR10-32 to RR10-36, the drill rig was moved just north of high grade hole RR10-18 in the southwest corner of the Burns Block. Infill holes are being drilled in this area to test the 400 metre linear plunge distance between the shallower high grade zone in RR10-15 and the deeper high grade zone in RR10-18. A second drill rig has also been moved just to the east of hole RR10-18 to accelerate the exploration of this high grade gold zone. A total of seven holes have now been completed in this area and assays are pending.
post #12 of 13

 

Bayfield Ventures Corp
Symbol C : BYV
Shares Issued 41,517,324
Close 2011-06-29 C$ 0.76
Recent Sedar Documents

 

Bayfield restates Burns Block drill results

2011-06-30 20:16 ET - News Release

 

Mr. Jim Pettit reports

BAYFIELD CLARIFIES DETAILS OF REPORTED DRILL INTERCEPTS

Bayfield Ventures Corp. is issuing this news release as a result of a review by the B.C. Securities Commission to clarify certain details of its technical disclosure of drill results on its Burns Block property and of its disclosure of resource estimates at Rainy River Resources' gold project adjacent to Bayfield's Burns Block.

The company restates certain drill intervals (listed in the attached tables) reported in news releases dated Sept. 8, 2010, Dec. 14, 2010, Feb. 16, 2011, and June 27, 2011. The original averaged gold and silver grades over these intervals are all correct, and the total amount of gold and silver mineralization is the same; however, the drill results are potentially confusing as certain larger intervals were reported by diluting high-grade intercepts over longer intervals of lower-grade gold and silver mineralization.

The higher-grade gold and silver intervals reported in the effected news releases identified herein, and rereported herein, are enclosed within the much wider envelopes of anomalous-level gold mineralization (and accompanying variable silver values). The company therefore revised the portions of the previously reported intervals for which questions of potential economic viability cannot currently be assessed by Bayfield. Such an assessment would require identifying likely mining methods and establishing many other limits that are well beyond the scope of the exploration project at this point in time.

Tabulated is a list of the holes that report longer drill intercepts which are being restated:

 

  • Previously reported larger intervals in hole RR10-18 (Sept. 8, 2010, news release);
  • Previously reported larger intervals in hole RR10-52 (Dec. 14, 2010, news release);
  • Previously reported larger intervals in hole RR11-1 (Feb. 16, 2011, news release);
  • Previously reported larger intervals in hole RR11-70 (June 27, 2011, news release);
  • Previously reported larger intervals in hole RR11-71 (June 27, 2011, news release).

 

 

               RESTATED GOLD AND SILVER ASSAY RESULTS FROM HOLE RR10-18

Hole         From (m)      To (m)       Interval (m)       Au (g/t)     Ag (g/t)   AuEq (g/t)

RR11-18       173.00      178.00               5.00           0.83         0.82         0.84
              489.00      491.00               2.00           2.45        25.30         2.90
              497.00      507.00              10.00          35.93       359.65        42.35
including     498.00      499.00               1.00          63.90     1,760.00        95.33
and           499.00      500.00               1.00         109.00        96.10       110.72
and           503.00      504.00               1.00          90.30       881.00       106.03
              542.00      563.00              21.00           1.24        42.77         2.00
including     545.00      546.00               1.00          15.60       719.00        28.44
 
* g/t equals grams per metric tonne.
* AuEq (g/t) values calculated at a 56-to-one (gold price versus silver price) ratio, and 
metallurgical recoveries and net smelter returns are assumed to be 100 per cent.

 

 

          RESTATED GOLD ASSAY RESULTS FROM HOLE RR10-52

Hole           From (m)      To (m)        Interval (m)         Au (g/t) 

RR10-52         402.40      403.50                1.10            89.96

g/t equals grams per metric tonne.

 

 

                  RESTATED GOLD AND SILVER ASSAY RESULTS FROM HOLE RR11-1

Hole        From (m)     To (m)     Interval (m)     Au (g/t)      Ag (g/t)     AuEq (g/t)

RR11-1       509.50     510.20             0.70        21.60         21.00          22.07        
             550.75     561.70            10.95         1.71         78.36           3.45
including    559.90     561.70             1.80         5.70        282.11          11.97
             617.85     627.00             9.15         8.37         40.57           9.27
including    623.90     626.10             2.20        33.13        208.18          37.76
 
* g/t equals grams per metric tonne.
* AuEq (g/t) values calculated at a 45-to-one (gold price versus silver price) ratio, and 
metallurgical recoveries and net smelter returns are assumed to be 100 per cent.

 

 

            RESTATED GOLD AND SILVER ASSAY RESULTS FROM HOLES RR11-70 AND RR11-71

Drill hole       From (m)      To (m)      Interval (m)       Au (g/t)    Ag (g/t)     AuEq (g/t)

RR11-70            33.50       59.00             25.50           1.42       44.24           2.47
including          41.00       50.00              9.00           3.25       96.34           5.54
including          45.00       46.00              1.00          17.90      511.00          30.07
                   74.00       84.80             10.80           0.87       13.02           1.18
including          81.40       82.80              1.40           4.20       61.10           5.65
RR11-71            38.00       63.50             25.50          26.70      170.69          30.77
including          46.00       61.00             15.00          45.24      281.03          51.93
and                47.80       59.00             11.20          60.05      362.96          68.69
  
* g/t equals grams per metric tonne.
* AuEq (g/t) values calculated at a 42-to-one (gold price versus silver price) ratio, and 
metallurgical recoveries and net smelter returns are assumed to be 100 per cent.

 

The new high-grade intercept in RR11-71 lies within a broad halo of anomalous to multigram-level gold and silver mineralization that is contained within the well-established east-west-trending zone of strong foliation, sericite alteration, locally intense deformation and highly variable pyrite mineralization. This pattern of high-grade zones lying within lower-grade mineralized halos has been seen at the Burns Block many times during the continuing exploration and delineation drill program there.

Bayfield also clarifies certain details of its technical disclosure of resource estimates at the adjacent Rainy River gold project. On Bayfield's website, investor relations material, corporate presentation and certain news releases, the company discloses resource estimates for an adjacent property that are contrary to NI 43-101 because the disclosure:

 

  • Adds inferred mineral resources to other categories, contrary to Section 2.2(c);
  • Reports resources solely in the form of contained metal content, contrary to sections 2.2(d) and 3.4(b).

 

Bayfield has amended its disclosure and removed any non-compliant resource estimates for adjacent properties.

Quality assurance

Drill core analysis and assaying are 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-gram fire assay with AA finish and by gravimetric methods from assays over 5,000 parts per billion (overlimit). Screened total metallic assays are being performed on samples assaying over 5,000 ppb. The core samples were analyzed for silver by silver aqua regia-ICP finish and silver fire assay-gravimetric from assays over 100 parts per million (overlimit). The company has implemented a quality assurance and quality control program to ensure that the sampling and analysis of all samples are conducted in accordance with the best possible practices.

Shane Hu, PGeo, project geologist for Bayfield Ventures, is the qualified person, as defined by National Instrument 43-101, and supervised both the project field and the preparation of the technical information in this release.

We seek Safe Harbor.

 

post #13 of 13

Dam My buy at .30 was a good one.. low volume but I like the move up...

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