MONTREAL, QUEBEC–(Marketwired – May 7, 2014) – Beaufield Resources Inc. (“Beaufield” or the “Corporation”) (TSX VENTURE:BFD) is pleased to report the acquisition of 28 new claims adding 692.9 hectares to its Urban property. Beaufield now owns 100% of the entire 8,160 hectares Urban property located approximately 190 km northeast of Val d’Or, Quebec.
Of these new claims, nine were staked by map designation in an area believed to contain important regional geological structures. These structures are known to contain gold mineralization in the area.19 other claims where purchased from an arm’s length party for $3,000. The claims are located in the central portion of the Urban-Barry greentstone belt. One group of claims is located only 1.6 kilometres from the center of Eagle Hill Exploration’s Windfall gold deposit. The other group of claims is located four kilometres along strike from the same deposit.
The Urban area has been the focus of increased gold exploration activity by Beaufield and its neighbours. Metanor Resources Inc owns the Barry mine and Eagle Hill Exploration Corp has recently announced a 43-101 compliant resource estimate on the expanding Windfall gold property which adjoins Beaufield’s ground.
For location of the Beaufield ground in relation to other owners please refer to the map on the Beaufield website.
To view the map associated with the press release, please visit the following link: http://media3.marketwire.com/docs/BFD_Urb_PromoMap.pdf.
This news release has been prepared by Mathieu Stephens, P.Geo, and approved by Jens E. Hansen, Eng., CEO, President and director of Beaufield, the Qualified Persons, as defined by National Instrument 43-101.
Canadian Investor Conference 2014
Beaufield will attend the annual Canadian Investor Conference on June 1st and 2nd, 2014 in Vancouver where Beaufield management will be pleased to welcome visitors at booth #319. Please visit the Cambridge House International website for more information on this event.
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 Corporation is actively exploring, well financed, has no debt and has excess work credits on its properties.
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.
MI3 Financial Communications
Mario Drolet, President
Jens E. Hansen, President and CEO