Beaufield Resources Inc. (“Beaufield” or the “Company“) has field crews on its 100% owned Tortigny property actively exploring an area 40 km southeast of the Tortigny deposit where a large massive sulphide boulder was previously uncovered. Two grab samples from the boulder weighing approximately 1,000g were assayed:
- Sample K49961 0.769 g/t gold, 8.01% copper, 50.03 g/t silver, 1.375% zinc;
- Sample K49962 20.07 g/t gold, 2.52% copper, 2.62 g/t silver, 1.165% zinc
Beaufield had conducted two airborne surveys using the Geotech VTEM system and the Fugro HeliTem system in 2012 over the area that is believed to host the source of the massive sulfides boulder. The data is currently undergoing a detailed interpretation for conductivity and structure.
Several massive sulphides deposits are known in the area and have been determined to be of volcanic origin (VMS deposit). These include Beaufield’s Tortigny and Moleon deposits. A National Instrument 43-101 compliant technical report on Tortigny indicated a measured resource: 726,000 tonnes at 4.28% zinc, 2.11% copper, 57.59 g/t silver and 0.41 g/t gold (See News releases of January 11th, 2013 and November 28th, 2012). VMS camps typically host a number of high grade mineral deposits (Matagami, Noranda) hence there is a high probability of further discovery. The presence of massive sulfides boulders indicates that other VMS deposits still remain to be discovered in the area.
A field program is underway consisting of surface boulder tracing using a Beep-Mat and geochemical sampling over an area measuring 3km by 10km. A number of high priority airborne conductors have been identified and these are undergoing further interpretation by geophysicists. Beaufield is planning to undertake drilling of these targets in the fall and is well funded to undertake its planned exploration without further issue of shares of the Corporation.
This news release has been prepared by Jens E. Hansen, P.Eng., CEO, President and director of Beaufield, the Qualified Person, as defined by National Instrument 43-101.
Beaufield is a mineral exploration company with its exploration activity focused in Quebec. Beaufield is well positioned to advance its portfolio of exploration properties and identify other potential opportunities in the mineral exploration or development stage.
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.