Beaufield Resources Inc. (“Beaufield”) (TSX VENTURE:BFD) is pleased to announce the addition of a second drill on its Urban property, Quebec.
As part of its ongoing summer exploration program, Beaufield has started drilling a new area of its property located immediately north of the Bonterra Resources Gladiator gold deposit to test for potential extensions of mineralization in the area. Of particular interest, Bonterra recently reported an intercept of 21.5 g/t gold over 3.0 m from the North Zone (Bonterra Resources July 20th News Release), located within 50 metres of the property boundary with Beaufield’s Rouleau property according to company maps and ground reconnaissance.. It should be noted that no drilling has ever been conducted on Beaufield’s ground in this location, there are no outcrops present and the area has just recently become accessible by road.
To date, Beaufield has completed fifteen (15) diamond drill holes totaling 3,012 metres since early June on the Rouleau and Macho blocks. This work has targeted geophysical anomalies from its recently completed airborne electro-magnetic (VTEM+) survey. The VTEM targets have been prioritized according to intensity, presence of associated gold mineralization and underlying prospective geological structures. Due to the level of exploration activity in the region assay turnaround has been slow, but results are pending and will be released at the earliest possible opportunity.
Beaufield’s 21,400 hectare, 100% owned Rouleau and Macho properties are strategically and centrally located in the Urban-Barry district of Quebec.
Please refer to Beaufield’s website for the company’s corporate presentation, including maps of Beaufield’s Urban property.
This news release has been prepared by Ronald Stewart, P.Geo., Interim President and CEO of Beaufield and 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 and Ontario. Please refer to Beaufield’s website to view the company’s properties in Urban, Launay, Eleonore-Opinaca, Troilus and Hemlo. The Corporation is actively exploring, well financed with approximately $7.5 million in working capital, 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.