Beaufield Resources Inc

Canadian Resource Exploration Company

Details

Beaufield owns a 100% interest in the Urban property, located in the gold-rich Abitibi belt in northern Quebec. The area between Val d’Or and Chibougamau is known for its gold and copper production and excellent infrastructure for exploration and mining. Historically, the Urban Property has had extensive grassroots exploration from a number of operators, with geological mapping and sampling and geophysics. Several gold zones have been identified by these efforts, including the Rouleau Gold Zone which hosts gold over significant widths and over at least 500 metres in strike length.

Location and Infrastructure

The Urban property is located in the Abitibi area, approximately 190 km Northeast of the town of Val d’Or and 120 km East of the village of Lebel-sur-Quevillon, Province of Quebec. The 14,866 hectares property is divided into four separate claim blocks: The Rouleau block, the Macho-Panache block and the Golden Retriever block and the Far East group.

Geology and Resources

The general area is underlain by Archean Volcano-Sedimentary Urban-Barry belt of the East Central part of the North Volcanic Zone of the Abitibi sub-province of the Superior Province. The underlying rocks of the Urban claims consists mainly of altered silicified, sericitized, chloritized and carbonatized felsic to mafic volcanics with some minor sedimentary units, grabbroic intrusions and porphyritic dykes. The Urban-Barry Greenstone Belt hosts significant gold mineralization in several parallel NE to SW trending zones.

Gold in the Urban-Barry Township is primarily associated with quartz-carbonate veins mineralized with sulphides and with NE/SW trending shear zones. The area contains 3 known gold deposits with NI 43-101measured resources and numerous gold showings. Even though the region hosts many gold showings, it is relatively under-explored due to thick overburden and the lack of outcropping bedrock. Gravel roads give access to many parts of the property and advanced projects in the area provide other key infrastructure for exploration and development.

History

Gold was initially discovered in the Urban-Windfall District in 1937 along the south shore of Lac Rouleau. This area was explored with trenching which uncovered a 15-metre wide carbonate zone with disseminated sulphides that reportedly ran 2.88 g/t Au over 10.33 m, and 2.19 g/t Au over 10.39 m across two sections corresponding to the actual showing No. 1. (MERN Sigeom report: GM48282)

Subsequent mapping and sampling by Honsberger-Stee in 1947 lead to the discovery of mineralization near the NE shoreline of Lac Rouleau near what later was to become the Showing No 2 area. A total of 81 drill holes for a total of 24,255.3 meters were subsequently drilled through to the end of 1988 to test IP targets and develop mineralization encountered in holes. This drilling led to the discovery of Zones 17 and 18 with holes 87-17 and 87-18 within the vicinity of Showings No 2 and No 3 respectively.

The acquisition of Falconbridge interests in the property, by Kinross Gold Corporation, on August 29, 1996 lead to a revitalized exploration during 1997. Six holes (LR97-1 through LR97-6) for approximately 1,200 m were drilled between the 17 and 18 Zones to test the southern contact of the diorite with mafic volcanics and any silicified zones within the diorite. Several gold intercepts were previously noted along the southern diorite/mafic volcanic contact such as the 4.65 g/t 2 m within hole 101-72. In addition, a few silicified mineralized intercepts were previously detected within the diorite as in hole 87-63, which returned 27.53 g/t over 3.05 meters (MERN Sigeom report: GM47491)

An induced polarization and magnetometer survey was completed in 2015 on the Macho Block. The survey was designed to straddle the common border between Beaufield and Urbana Corporation, a high priority underexplored area which has never been covered by past geophysical surveys or drilling. In 2014, Beaufield geologists identified an area of interest along the claim boundary that assayed 20 g/t gold and 2.43% copper in a grab sample (BFD NR, August 1st, 2014). In the area, gold is known to occur with pyrite and chalcopyrite, these can be detected by induced polarization techniques. Exploratory  drilling on these targets intersected 7.86 g/t Au over 6 metres at less than 25 metres from surface in Hole BU-15-07 (BFD NR, December 8th, 2015). This new discovery was hences named the Lucky 7 zone. This zone remains open at depth and along strike. The mineralizations corresponds to a 1,400 metre long IP anomaly.

Recent Exploration and Outlook

In the fall of 2016, a 12 hole program totaling 1,284 metres was completed on the Rouleau Gold Zone. The program was designed to determine gold mineralization continuity in areas with no record of prior drilling and near surface (less than 65m vertical). The holes where collared within an anomalous induced polarization horizon associated with pyrite, in a known gold bearing breccia along a 500 metre long portion of the gold zone.

Hole BLR-16-01 was collared approximately 300 metres West of the surface expression of the Rouleau Gold Zone. It intersected two anomalous gold zones associated with a breccia within a diorite. No previous drilling has been recorded here.

Holes BLR-16-02 to BLR-16-05 were collared approximately from 50 to 150 metres West of the surface expression of the Rouleau Gold Zone. Best results were from hole BLR-16-03 which intersected two gold zones, including a 12 metre wide section grading 2.09 g/t Au. The gold mineralization is associated with a breccia within a tuff unit located a few metres from a diorite.

Holes BLR-16-06 to BLR-16-09 were collared within 60 metres of the surface expression of the Rouleau Gold Zone. Best results were from hole BLR-16-08 which intersected three distinct gold zones, including an 11 metre wide section grading 2.73 g/t Au.  This gold mineralization is associated with a pyrite bearing sedimentary unit located near a mylonite zone.

Holes BLR-16-10 and BLR-16-11 were collared 100 metres East of the surface expression of the Rouleau Gold Zone. Hole BLR-16-10 intersected a 16 metre wide zone grading 1.24 g/t Gold associated with a mylonite zone.  Hole BLR16-11 intersected a higher grade of 15.1 g/t Gold over a metre in tuff and associated with quartz-fushite-tourmaline.

Holes BLR-16-12 was collared 200 metres East of the surface expression of the Rouleau Gold Zone and intersected a 15 metre wide zone grading 1.5 g/t Gold, including 15.4 g/t Gold over a metre, and associated with a mylonitized shear zone.  No drilling is recorded east of this hole and mineralization remains open in this direction.

Drilling will continue on the Rouleau Gold Zone over the course of the winter to test for mineralization along strike and at depth. A newly updated geological model of the Rouleau Gold Zone compiled by Geologica Groupe Conseil of Val d’Or will assist in the planning of the drill campaign. An initial interpretation of the model suggests that the system extends over at least 900 metres and remains open along strike and at depth. Typically in the region, gold grades tends to get better with depth. Select historical drill holes were also reviewed and sampled.

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