Montreal, Quebec, May 28, 2014 – Beaufield Resources Inc. (“Beaufield” or the “Corporation”) (TSX Venture Exchange: “BFD”) is pleased to announce an update on its current and planned summer exploration activities and the unveiling of its new website.
A field program to investigate high grade molybdenum occurrences (up to 12% Mo in grab samples) associated with gold and copper discovered in the northern portion of Beaufield’s property is being prepared. Beaufield’s Eleonore-Opinaca property is located adjoining Goldcorp’s Eleonore world class mine which is subject to a $2 billion investment; Eleonore startup is scheduled later this year.
A geological mapping and prospecting program to locate and evaluate gold occurrences along the Macho River is planned for early June. A channel sampling program in 1996 returned a 6.58 g/t Au over 17 metres zone along strike. Beaufield’s large property adjoins Eagle Hill Exploration’s property which is promising to become a new Quebec gold mine. All existing data is currently being compiled and interpreted.
An updated independent National Instrument 43-101 resource calculation report (“NI 43-101”) is nearing completion with the final version scheduled for delivery in June. The report will contain recommendations for advancing this important copper-zinc-silver gold property.
Data from last winter’s drill program is being compiled to assess grade and tonnage of the near surface portion of the Launay gold zones.
Re-logging of core from the 2012 program is underway. The objective is to understand the DSO potential. The property is located within trucking distance of existing DSO plants and infrastructure.
Beaufield has launched a new website which is a much improved version. It will contain articles of interest relating to Beaufield’s properties. Readers are invited to visit the site: www.beaufield.com .
This news release has been prepared by Jens E. Hansen, Eng., CEO, President and director of Beaufield, the Qualified Person, as defined by NI 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 its booth. 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.
MI3 Financial Communications
Mario Drolet, President
Tel.: 514.904.1333 / Cell.: 514.346.3813
E-mail: [email protected]
Jens E. Hansen, President and CEO
E-mail: [email protected]
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.