Beaufield Resources Inc

Canadian Resource Exploration Company

Beaufield Files Schefferville Technical Report

Beaufield Resources Inc. is pleased to announce that a technical report entitled “Independent Technical Report on the Schefferville Iron Exploration Project, Quebec” has been filed on SEDAR at www.sedar.com and can also be viewed here.

 

The report documents the current status of this early stage iron oxide exploration project much of which is underlain by magnetic iron formations.  In total 34 gravity and magnetic geophysical anomalies were selected as exploration targets for Direct Shipping Ore (DSO) and taconite iron mineralization or SEDEX sulphide mineralization.  Three known DSO occurrences outlined in historical government records as lying at the border of the Beaufield claims may extend onto the Schefferville Project area.  These are Squaw Woolett, Lac Annabel and Lac Partington #2 occurrences.  The highest iron oxide value was obtained from a grab sample collected in 2011 in a historical trench on the southern portion of the Schefferville property, some 2 kilometres southeast of Squaw Woolett DSO occurrence and only 8 kilometres from the town of Schefferville.  This sample returned an iron oxide content of 91.73% Fe2O3.

 

The technical report concludes that the Schefferville property has merit as an exploration property and recommends a work program comprising 6,000 metres of exploration core drilling to investigate DSO and taconite iron mineralization targets and 4,500 metres of delineation drilling to support the preparation of an initial mineral resource evaluation.  The costs of the proposed exploration program are estimated at $4,125,000.

 

Qualified Persons:

The Schefferville Technical Report has been prepared by Dominic Chartier, P.Geo. and peer reviewed by Jean-François Couture Ph.D., P.Geo., both full time employees of  SRK Consulting (Canada) Inc. These authors are considered independent Qualified Persons as defined by National Instrument 43-101.

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