Beaufield Resources Inc. is pleased to announce that it has completed the current phase of drilling on its 100% owned Tortigny zinc-copper-silver deposit located on an all weather road 100 kilometres north of Chibougamau, Quebec.
The current program planned to drill off the known, shallow portion of the Tortigny deposit began in November 2010 and was completed on June 8th 2011. It totalled 9746 metres in 39 holes of which 12 have been reported (Press releases of February 4 and April 20, 2011). Assays have been received and are being compiled and interpreted on 19 holes which will be reported once the analysis is completed by the head geologist. Assays remain to be received on eight holes.
The drilling was undertaken on a systematic pattern using vertical holes intended to optimally drill what was believed from historical data to be a “V” shaped deposit. In addition to the 39 holes, seven holes, totalling 1647 metres, were specified by the company which Beaufield engaged to undertake a 43-101 compliant resource calculation. These were drilled at an angle from north to south (approximately). The assays for these seven other holes also remain to be received.
Core sampling for metallurgical testing and gravity determinations have been completed and will form a key component of the resource calculation.
Management believes that the resource calculation will provide data which will assist Beaufield to assess the economic potential of the Tortigny deposit.
Airborne and ground surveys have identified other technically valid drill targets on the 31,290 hectares property. As with most volcanic massive sulphide (VMS) mining districts such as the Matagami and Noranda mining camps, VMS deposits typically occur in groups or clusters. Hence, this is considered a highly prospective area for further discoveries.
This press release was prepared by Jens E. Hansen P. Eng, President of Beaufield Resources Inc., the Qualified Person under section 43-101.
Beaufield has approximately $8 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.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. Actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control. These factors include: results and timing of exploration activities, general market and industry conditions and other risks disclosed in the Company’s filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company 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. Depending on exploration results, the Company may at any point modify the suggested work program in this release.
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