OTTAWA, ONTARIO, Beaufield Resources Inc. has planned a drilling program on its 100% owned Troilus-Tortigny copper-zinc property which is located approximately 100 kilometres north of Chibougamau Quebec. A 3D model, presently being finalized by SGS Canada Inc. (“SGS”), has assisted in planning the holes.
A diamond drill program totaling approximately 3000 metres is scheduled to begin during July 2010. The holes are designed to better explore the full potential of the Tortigny deposit and to provide access for down-hole geophysics to detect deeper portions of the deposit. The preliminary 3D model suggests a possible depth extension of the deposit which remains to be investigated. The Tortigny base metal deposit is in the form of a folded “V” shape mineralized zone with an axis dipping 50 degrees west. Following SGS recommendation, Beaufield will verify the western continuity of the hinge at depth by deep drilling.
SGS is also completing an updated resource estimation of the Tortigny deposit which will include the mineralized zones intersected in the 2008 and 2010 drilling campaigns reported by news release March 30, 2010.
Previous drilling at Tortigny has outlined a base metal resource originally drilled by Noranda Inc. Beaufield has drilled several new holes including 2008 drilling of hole TO-08-05, 12.55 metres 6.02% Copper, 15% Zinc, 145 g/t Silver and 2010 drilling of hole TO-10-10, 33.1 metres of 2.32% Copper, 5.94% Zinc, 63.30 g/t Silver.
Beaufield is expanding its exploration activity in Ontario and Quebec with exploration programs underway at Opinaca, Troilus and Schefferville. Beaufield’s Hemlo and Urban gold projects are being explored by others who have the right to earn 50% interest by spending a total of approximately $3.2 millions.
Beaufield has approximately $6 million in working capital, no debt and a promising portfolio of gold and base metal properties.
This press release was prepared by David Frappier-Rivard P. Geol., Exploration Manager for Beaufield Resources Inc. and by Jens E. Hansen P. Eng, President of Beaufield Resources Inc., the Qualified Persons under section 43-101.
This release contains forward-looking statements that are based on beliefs of its management as well as assumptions made by and information currently available to management of the Company. When used in this release, the words “estimate”, “believe”, “anticipate”, “intend”, “expect”, “plan”, “may”, “should”, “will”, and the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current views of the Company with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in this release. The statements contained in this release speak only as of the date hereof. The Company undertakes to inform shareholders and to update forward-looking statements if circumstances or management’s estimates or opinions should change.
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