Beaufield Resources Inc. (“Beaufield” or the “Corporation”) (TSX Venture Exchange: “BFD”) has map staked an additional 14 claims representing 763 hectares on the Tortigny project located 100 kilometres northwest of Chibougamau, Quebec. The 100% owned Beaufield project consists of one large block surrounding the Tortigny Copper-Zinc-Silver-Gold deposit and a number of smaller blocks on the Troilus-Frotet mineral belt.
Beaufield has recently completed a 10 hole drilling program totaling 2,203 metres on the property including 1,010 metres in the deposit area. Two holes were drilled in the north limb of the Tortigny deposit to explore a portion of the Tortigny structure not previously drilled. The result from these holes is planned for reporting next week.
The Tortigny deposit was the subject of an independent National Instrument (“NI”) 43-101 resource calculation which was filed on Sedar on January 11, 2013. Based on the calculation the deposit contains total measured and indicated resources of 845,000 tonnes grading 2.01% Copper, 4.29% Zinc, 55.29 g/t Silver and 0.39 g/t Gold. An updated 43-101 resource calculation is scheduled for completion in three months (news release February 3, 2014).
In addition to the two holes to be reported from Tortigny, eight regional holes were drilled for exploration and assessment purposes. Four holes were drilled on electromagnetic anomalies west of the Tortigny property. Three holes were drilled on electromagnetic anomalies 50 kilometres north east and one hole approximately 5 kilometres south east of Tortigny. Several of these encountered massive sulphides with anomalous, but insignificant metal values.
Annual General Meeting of Shareholders
Beaufield will hold its Annual General Meeting at the offices of Lavery, De Billy in 1 Place Ville Marie, 40th floor, Montreal at 10:30 am on Wednesday February 26, 2014.
Beaufield will attend the annual Prospectors and Developers Association of Canada Convention (“PDAC”) from March 2 to 5 2014 in the South Building of the Toronto convention centre. Beaufield management will be pleased to welcome visitors at Booth 3302.
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 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.