Beaufield Resources Inc. contracted SGS Canada Inc. (‘SGS’) to undertake a mineral resource estimate compliant to National Instrument (“NI”) 43-101 regulation on its 100% owned Tortigny Copper, Zinc, Silver, Gold deposit in December 2010.
During the report preparation stage, SGS requested additional drilling which was completed in June 2011 and reported (See news release dated September 15, 2011). Subsequent to this, a routine verification of data was undertaken by SGS to respect the requirements of the NI 43-101 specifications. A selection of core, rejects and pulps from previous core assays was duplicated and analysed by SGS and compared to original assays by ALS Minerals (“ALS”). Beaufield’s quality assurance, quality control (“QAQC”) consisting of duplicates, standards and blanks were also verified by SGS.
SGS analysis shows that QAQC standards may not be suitable and discrepancies are suspected. Otherwise, other analyses do not raise significant concerns.
A conference call with SGS personnel including the SGS Qualified Persons and Beaufield Management was held on July 23, 2012 to discuss the SGS requirements for finalizing the NI 43-101 report.
In this situation, SGS has requested that Beaufield supply 300 pulp samples from previous core assays to be assayed in order to compare these to the original ALS assays. This operation should provide the confidence needed to complete the NI 43-101 report.
It is anticipated that the procurement of the samples from storage, the assay procedure, the reporting and the analysis of duplicates take approximately 60 days. When the assays are delivered to SGS and they are satisfied with the supplementary verifications, Beaufield will be in position to publish the mineral resource estimates. Subsequently, SGS will finalize the NI 43-101 technical report.
The contents of this Press Release have been reviewed and approved by SGS.
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.
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.