Bayfield is preparing to drill aboard the No. 17 in the rainy river gold belt

All dreams, rumors, and other Fleetwood Mac references aside, Bayfield Ventures (TSX. V: BYV) really is the â?? Edge 17â?? as shown in pierced his newly acquired parcel of land adjacent to Rainy River ResourcesA?? (TSX. V: RR) # 17 gold zone. The administration has succeeded in negotiating an agreement to link certain mining rights for a total of 80 acres of patents (known as Parcel # 15961) in the city of Richardson. According to its press release on October 11, the Company issued 70,000 shares of Kenneth, Brian, Stephen and Robert Burns (each 25%). The company has the option to acquire 100% interest in relation to their option agreement dated September 26 claims, subject to a royalty of 2% net smelter return.
Bayfield has a land position totaling 1125 hectares in the major gold belt of rain from the Red River. Rainy River is located 80 km south of Kenora in northwestern Ontario. the weather is suitable and excellent support infrastructure throughout these years of exploration and drilling.
Rainy River is described as a green belt with two walks Archean age volcanic and sedimentary rocks. To date, the types of mafic rocks are mainly including pillow lavas. * sulfidation veins and it was found in all holes. The main objective of exploration so far has been the trend towards the northwest, the defects of substance and a series of late diabase dikes **.
This past month has been a pretty hectic?? The company also recently completed the first round of drilling on the block of the application?? AA?? assets. Bayfield has three strategically located properties (known as A, B and C blocks) to the belt. This Summit?? work program based on S five drilling rigs in the â?? AA?? block for a total of about 1,000 meters (about 200 meters per hole), which has already been completed and are in for analysis. These objectives have been identified following the previous work program of matching gold grain geophysical and sampling.
Investors can expect more news from Bayfield in the months ahead, the company plans to continue drilling in the winter months. drill targets set are actually more accessible after freezing, most companyâ?? assets are covered by typical northern Ontario wetlands.
Rainy River Resources is currently drilling immediately west of Parcel # 15961. previous drill intercepts (historical, unresponsive-43-101) included in the # 17 5 Gold Zone. 1 gram of gold over 62 years. 57 m (0 18. Opt gold over 205 feet) drilled by Nuinsco, who owned the property from 1993 to 2005. results of recent rains River Resources, according to its press release on November 5 show a horizon of 4 meters wide semi-massive sulphides grading 25. 67 g / t Au and 184. 14 g / t Ag in a hole on the southern area of the MDGs, which is just west of the zone # 17. Rainy River Resources website describes his own experience in the field of â?? The presentation of the broader and deeper layer of gold ever found abnormal in Canada, much larger, in fact, that the anomaly that led to the discovery of deposits Casa Berardi gold belts in rock Abitibi greenstone-western Quebec. â?? Bayfield?? immediate plans of Parcel S # 15961 include the establishment of a network and provide both a magazine and a survey of EM, as it prepares for an immediate drilling program.
In terms of being seriously undervalued, Bayfield is above the crowd for several reasons: Because of its tight capital structure, its strategic areas along the main actors in the work of mineralized areas, a close relationship with some of the most mining companies in the world, and its experienced management and whose competence is specific to gold exploration in Northwestern Ontario?? gold belts century
Bayfield offers its investors something rarely seen these days?? a tight share structure. The company has only 19 million shares (21. 5 million fully diluted) in a market full of issuers inflated with 60 tanks, 100, or 180 million shares. A problem of scarce evidence of management?? S priorities (and historical) in financial management. More importantly, management has a personal motivation to find a mine, which means that the few positive results of drilling, Bayfield could take off like a rocket.
This latest acquisition underscores the companyâ?? The philosophy of the acquisition of excellent land adjacent to the main actors and the negotiation of advantageous alliances with them, which minimizes the risk for investors and maximize the potential of a great victory.
The management company has in the blood. President Don Huston grew up in Red Lake, Ontario and has over 25 years?? experience in technical and financial support of the mining industry. The work program is managed by Rainy River Bayfield?? S Exploration Manager and Qualified Person, David Busch, P. Geo. Who is considered one of Canada?? S foremost experts on the Archean lode gold deposits. Mr. Busch has over 30 years?? experience working in Northwest Ontario?? greenstone belts. It also manages Bayfield?? S Red Lake camp.
The addition of Parcel # 15961 complete what is a well diversified portfolio, which includes a 24. 5% interest in six claim units (known as the Baird property) in the Red Lake gold camp in northwestern Ontario, which is 14 km south of Gold Goldcorp mines. Goldcorp has partnered with Bayfield for a 51% Baird. The company also owns a 100% interest in a copper-gold and coal property in the South Gobi in Mongolia, which has a partnership with BHP Billiton BHP wins 51% while funding all expenditures exploration over the next two years.
Investors should monitor the most encouraging news in the coming weeks?? The Company expects that the results of Block A ???????? AA drilling program to arrive shortly. As for the prospect of BYVâ?? S upside potential, the skya?? Â Limit S?? but it is always useful to enter the field.
* Sulfidation: When the metal is exposed to sulfur compounds, resulting in the formation of a layer of sulfur. The sulfide layers are generally not consistent, continuous and detached easily make the metal surface.
** Diabase dikes and sills are typically shallow intrusive bodies (200 to 400 meters). Diabase is the type of rock (mafic, igneous, for example). The dykes are generally vertical structures, horizontal frames. The thickness of these structures is generally much smaller than the other two dimensions, they were trapped. Thick sub-scale can vary from a few centimeters to several meters and the lateral dimensions can extend for many miles.
This article is intended for information only and does not constitute a recommendation to buy or sell shares of any company mentioned in this document. It is based on sources deemed reliable, but can not guarantee the accuracy, express or implied. The opinions expressed in this article are those of the author, unless the statements are attributed to individuals other than the author, in which case the opinions are those of the person to whom they are attributed.

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