Beaufield Resources Inc. (“Beaufield” or the “Corporation”) (TSX VENTURE:BFD) is pleased to announce the July 24th start of a 2,500 metre, 12 hole drill program on its 100% owned Opinaca property in James Bay, Quebec. The 101 km2 property is located in the Eleonore gold camp where Goldcorp is developing a new gold mine with a reported initial investment of $2 billion and scheduled to begin production in 2014. Beaufield’s property shares a 21 kilometre long boundary with Goldcorp and contains the same geological formations that hosts the Eleonore gold mineralization.
The objective of the program is to drill a series of geochemical, geophysical, structural and geological anomalies that may be associated with the presence of gold mineralization found at surface:
-- Strong IP targets coincident with gold mineralization. (19 g/t Au and 5.67 g/t Au in grab samples); -- Extension at depth of gold mineralization at surface (Grab samples: 5.03 g/t Au and 6.88 g/t Au); -- Possible extensions of previous drilling results: -- 8.58 g/t Au over 0.7m (Drill Hole OP-O6-11) -- 1.1 g/t Au over 20.0m (Drill Hole OP-06-01) -- Highly anomalous gold, copper and arsenic soils samples indicative a possible underlying mineralization.
For the planned location of the drill holes and their location with respect to the targets and the developing mine please refer to Figure 1 (http://media3.marketwire.com/docs/Beaufield_map_0725.pdf).
This news release has been prepared by Jens E. Hansen, 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 Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation 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.