NUMBER SIX:
Bayfield Ventures Corp. – Symbol: BYV.V
Bayfield Ventures Corp closed up 7.5% on Friday with a volume of 64,200.
Most Recent News: Bayfield Files Amended and Restated Financial Statements
About Bayfield Ventures: 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.