Montreal, August 7, 2014 – Beaufield Resources Inc. (“Beaufield” or the “Corporation”) (TSX Venture Exchange: “BFD”) announces that it has filed today a technical report entitled “Technical Report for the Tortigny Polymetallic Project Southern James Bay Municipality Quebec, Canada” (the “Technical Report”) and dated July 15, 2014 in support of the July 21, 2014 press release which included an updated resource estimate for the Tortigny high grade polymetallic deposit. The Technical Report was prepared in compliance with National Instrument 43-101.
The Tortigny deposit is 100% owned by Beaufield and located on an all-weather road approximately 100 kilometres north of Chibougamau, Quebec and near key infrastructure. The Technical Report, based on 34,581 metres of drilling and 7,273 metres of sampling was completed by Micon International Limited (“Micon”), an independent consulting company, based in Toronto, Canada.
As of June 2, 2014 the updated mineral resource for the Tortigny deposit is estimated to contain:
- Measured plus Indicated Resources of 1,098,000 tonnes grading 1.78% Cu, 3.65% Zn, 48.51 g/t Ag, 0.35 g/t Au;
- Measured Resources of 550,000 tonnes grading 2.3% copper (Cu), 4.23% zinc (Zn), 59.99 g/t silver (Ag) 0.43 g/t gold (Au);
- Indicated Resources of 548,000 tonnes grading 1.18% Cu, 3.09% Zn, 36.19 g/t Ag, 0.25 g/t Au; and
- Inferred Resources of 99,000 tonnes grading 1.19% Cu, 1.23% Zn, 12.45 g/t Ag and <0.1 g/t Au.
The Technical Report was prepared by Tania Ilieva, P.Geo, Stefan Kruse, P.Geo, and Bogdan Damjanović, P. Eng., independent Qualified Persons at Micon International Limited.
This news release has been prepared by Mathieu Stephens, P.Geo, Chief Geologist of Beaufield, a Qualified Person under section 43-101.