Beaufield Resources Inc. (“Beaufield”) (TSX VENTURE:BFD) is pleased to report results from prospecting, data evaluation and ground geophysics from its 100% owned Urban property, Quebec. The Urban property consists of three blocks of claims (Rouleau, Macho and Lac Kent) centrally located within the Urban-Barry greenstone belt. The south boundary of the Rouleau block adjoins Bonterra Resources’ Gladiator discovery project and its northern boundary adjoins Oban Mining’s Windfall project. Please refer to Beaufield’s web site for a series of detailed maps.
In the late fall of 2015, Beaufield’s exploration team conducted surface prospecting and reconnaissance work on its Rouleau Block approximately 1,700 metres southwest of the Rouleau Zone 18. A grab sample taken from the historical Quesnel Showing assayed 6.4 g/t Gold, 36.1 g/t Silver and 3.1% Copper. Another sample taken nearby assayed 9.0% Copper. Approximately 900 metres east, a grab sample taken near the historical Rouleau showing 1 returned an assay of 2.89 g/t gold.
A grab sample is selective in nature and the results are not necessarily representative of the mineralization hosted on the property.
A review of historical work indicates that drilling is limited to a single hole and that additional exploration is warranted to determine the potential extent of the mineralization. A map is adjoined locating both these gold occurrences in relation to significant known mineralization in this area – http://file.marketwire.com/release/Rouleau%20South%20Mag.pdf.
On the northern part of the Macho Block, surface prospection focused on a newly identified 500 metres long electro-magnetic anomaly. Anomalous gold was encountered over 2.5 metres in a channel sample before the outcrop was lost due to overburden thickness.
Beaufield’s Rouleau block which forms a northern, western and southern boundaries of the Gladiator project, has been surveyed by detailed ground magnetics to establish its interpreted geological context with respect to the neighbouring property. A review of this interpreted geophysical data indicates that the same rock formations continue across the common boundary onto Beaufield’s Rouleau block. Due to the lack of drilling in this area the continuity remains to be explored. The encouraging gold results and important current program by Bonterra holds significant promise for the area. A review of available drilling information indicates that gold mineralization is known to occur within 200 metres of Beaufield’s property and that mineralization appears to remain open along strike.
Additional work is being planned for the areas of new discoveries and this will include mechanical trenching.
On January 24th and 25th, 2016, Beaufield will be attending the Resource Investment Conference in Vancouver. We welcome visitors to come meet management at booth #430. Please visit the Cambridge House International website for more information on this event.
This news release has been prepared by Mathieu Stephens, P.Geo., Vice President of Exploration and Corporate Development for Beaufield, the Qualified Person, as defined by National Instrument 43-101.
Beaufield is a mineral exploration company with its exploration activity focused in Quebec. Beaufield is well positioned to advance its portfolio of exploration properties and identify other potential opportunities in the mineral exploration or development stage. The Corporation is actively exploring, well financed with approximately $3 million in cash, has no debt and has excess work credits on its properties.
The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although Beaufield deems the expectations reflected in these forward-looking statements to be reasonable, the Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.