Beaufield Resources Inc. (“Beaufield”) (TSX VENTURE:BFD) is pleased to announce that they have mobilized a diamond drill to its Urban property and a second contract has been awarded for another drill rig to be added to the area
The first drill will focus on targets on the Macho block and on the adjoining Urbana property (see March 4th News Release for details).
The second drill will be mobilized to the Rouleau block area to concentrate on geophysical targets and potential extensions of mineralization identified at surface. Several gold and copper mineralized structures are known to exist on the property, including the historical Lac Rouleau Zone 18 gold discovery and the Quesnel occurrence. Eight holes will target strong induced polarization anomalies located in the southern portion of the block. Two other holes will target the potentially mineralized geological structures that have been interpreted from a recently completed magnetic survey.
Additional drilling is planned for the Zone 18 later in the summer.
Beaufield’s 100% owned 12,357 hectares Urban property is centrally located within the Urban-Barry camp, near infrastructure and is easily accessible by road. The Urban area is an active area with many companies operating in the area including Oban Mining, Bonterra Resources, Urbana Corporation and Metanor Resources. Please refer to Beaufield’s website for a map indicating the principal stakeholders for the Urban region.
Beaufield is attending the Prospectors and Developers Conference (PDAC) in Toronto from March 6th to March 9th, 2016 at booth #2903. We welcome visitors to come meet management and learn more about Beaufield’s exploration project in Urban.
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 well financed 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 $2.5 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.