Beaufield Resources Inc. has learned that some members of the Innu community in Schefferville have established a blockade of certain area roads denying access to some facilities required for mineral activities in the area. The action as Beaufield understands, relates to grievances unrelated to the companies undertaking exploration.
Beaufield is respectful of the local community and while the blockades are in effect, exploration activity, including drilling will be halted (See news release of June 13, 2012 for drilling program).
Beaufield is monitoring the situation and looking forward to resume the exploration program.
Beaufield’s holdings are centrally located in the rapidly developing Schefferville camp. Earlier work has demonstrated the presence of DSO (Direct Shipping Ore) mineralization on the property. Beaufield owns a 100% interest with no third party royalties which places the company in a unique position going forward.
This news release has been prepared by Jens E. Hansen, P.Eng., President and CEO of Beaufield, the Qualified Person under section 43-101.
Beaufield is a mineral exploration company with its exploration activity focused on Quebec.
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 Company cannot provide any guarantee as to the materialization of the expectations reflected in these 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 and available financing, the Company may at any point modify the suggested work program for 2012.
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.