OTTAWA, ONTARIO – Beaufield Resources Inc. has increased its land holdings at Schefferville, Quebec. The claims were originally acquired by map staking to cover a series of very high zinc lake sediment anomalies indicative of possible SEDEX zinc-lead deposits. The claims also cover a series of very strong magnetic features of the type occurring on neighbouring properties being developed by various companies.
The newly 164 map designated claims cover 8,100 hectares and bring Beaufield’s total land position in the Schefferville area to 520 claims or 25,800 Hectares. The property adjoins New Millennium Capital Corp (NML.V), Labrador Iron Mines (LIM.T), Champion Minerals (CHM.V) and others. The LIM Eclipse DSO (Direct Shipping Ore) iron deposit is contained within the Beaufield claims. The claim block is located 20 to 50 kilometres northwest of Schefferville, Quebec. It varies from 5 to 10 kilometres wide.
The Beaufield claim block was recently extended to cover another grouping of highly anomalous zinc lake sediment anomalies. These were investigated by Mines et Exploration Noranda and Le Fond Regional d’Exploration Miniere de la Cote-Nord in 1997. Three significant zinc soil anomalies were identified and recommended for continued exploration which was not carried out by Noranda.
Beaufield has contracted an interpretation of an aeromagnetic survey flown in 2009 to Scott Hogg and Associates Ltd. The objective of the survey is to direct a 2010 summer exploration program for iron and for zinc. Exploration of the claims is facilitated by their proximity to Schefferville.
This Press Release was prepared by Jens E. Hansen, P.Eng, President of Beaufield a Qualified Person under National Instrument 43-101.
Beaufield has approximately $7 million in working capital, no debt and a promising portfolio of gold and base metal properties all located in the provinces of Quebec and Ontario.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Beaufield’s periodic reports including the annual report or in the filings made by Beaufield from time to time with securities regulatory authorities. The Company undertakes to inform shareholders and to update forward-looking statements if circumstances or management’s estimates or opinions should change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Beaufield Resources Inc.
Jens E. Hansen, P. Eng.