Beaufield Updates Technical Report for its Tortigny Property
February 3, 2014 (Source: Marketwired) — Beaufield Resources Inc. (“Beaufield” or the “Corporation”) (TSX VENTURE:BFD) has retained Micon International Limited (“Micon”) to provide an independent technical report, in compliance with the requirements of National Instrument (“NI”) 43-101, on its 100% owned Tortigny deposit.
The high grade polymetallic (copper-zinc-silver-gold) Tortigny deposit is located on an all weather road approximately 100 km northwest of the town of Chibougamau, Quebec.
Beaufield has recently completed a 10 hole drilling program totaling 2,203 metres on the property including 1,010 metres in the deposit area for which data is being processed. The drill data is intended to verify and extend a portion of the high grade deposit (news release of December 4, 2013).
The Tortigny deposit was the subject of an independent 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.
Micon will review and audit the existing data from the previous drill programs, geophysical data and geological maps and sections in order to prepare a block model that will be used to update the mineral resource estimate. In addition to the resource calculation, Micon will present Beaufield with recommendations concerning the geological and structural settings to guide continuing exploration.
Geological evidence indicates that the mineralization at Tortigny, or a portion thereof, has been remobilized from its original source suggesting that additional significant mineralization could be present in the vicinity. An example of this model is the deposits at the Louvicourt deposits close to Val d’Or, Quebec.
Beaufield plans to focus its 2014 exploration at Tortigny and is well funded to undertake the work.
This news release has been prepared by Jens E. Hansen, Eng., CEO, President and director of Beaufield, the Qualified Persons, 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 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.
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