Beaufield Continues to Drill at Urban Gold
August 21, 2013 (Source: Marketwired) — Beaufield Resources Inc. (“Beaufield” or the “Company”) (TSX VENTURE:BFD) is pleased to announce that it has completed drilling of 3 holes or 684 metres on its 100% owned Urban gold property. This is part of a minimum 8 hole program to test 3 target areas: Lac Kent, Lac Rouleau and Rivage Zone. Drill assay results are expected during September 2013.
The Urban area is the focus of increased gold exploration activity by Beaufield and its neighbours which are developing properties that adjoin Beaufield. Metanor Resources Inc. is operating the Barry mine and Eagle Hill Exploration Corp. has just announced a significant corporate development. A map is attached showing the location of the major participants undertaking active exploration in the Urban Township.
The following paragraphs describe gold occurences on Beaufield’s property. The contents therein were first announced in a news release dated February 26, 2009.
The Urban gold project consists of 173 claims covering 7,085 hectares located in the Urban-Barry Archean greenstone belt, 190 km NE of Val-d’Or, Quebec. Ten gold showings are historically known on the Beaufield blocks.
|Historical Showing||Best grades||Host Rock|
|Kent Lake||5.44 g/t Au over 0.54m||Quartz-sulphide breccia|
|Macho River Showing||15 g/t Au over 0.33m; 9.6 g/t Au over 0.5m and a grab sample of 29.5 g/t Au||In a chloritized and carbonated shear zone|
|Showing #1 (Rouleau)||3.1 g/t Au over 1.1m ; 2.9 g/t Au over 1.0m||Sheared carbonated zone|
|Showing #2 (Rouleau)||3.89 g/t Au over 6.7m||Shear zone|
|Showing #3 (Rouleau)||Grab samples of 15.98 g/t Au; 22.29 g/t Au; 45.55 g/t Au and 46.25 g/t Au||Quartz veins with tourmaline, fuschite and iron carbonate|
|Showing #4 (Rouleau)||Grab samples of 10.4 g/t Au; 7.4 g/t Au and 1.8 g/t Au over 1m||Quartz veins|
|Cominco Showing (Rouleau)||2.25 g/t Au over 5.4 m||Carbonatized and silicified coarse grained gabbro|
|Hole 87-17 (16.3 g/t Au over 0.64m; 13.1 g/t Au over 0.84m; 3.6 g/t Au over 1.29m)||Silicified zone in an altered andesitic tuff|
|Hole Kub-88-14 1.63 g/t Au over 3.68m; Hole Kub-88-16 3.50 g/t Au over 1.55m||Intense silicification cut by quartz-tourmaline veins|
|Hole 87-18 4.80 g/t Au over 3.35m;
Hole 87-33 8.98 g/t Au over 4.36m ;
Hole 87-51 7.64 g/t Au over 7.42 m ;
Hole 87-63 27.53 g/t Au over 3.05 m
Hole BFRL 401 11.63 g/t Au over 3.73m ;
Hole BFRL 402 7.65 g/t Au over 4.05m
|Brecciated, strongly silicified and moderately carbonatized felsic tuff.|
|Quesnel Showing||Grab sample of 12.84 g/t Au ; 6% Cu and 30.6 g/t Ag||In massive sulphide pods associated with a shear zone|
A significant exploration program was undertaken in 1986-1988, operated by Falconbridge Limited. This resulted in partial definition of Zone 18 and the discovery of Zone 17. The two zones are located one kilometre apart and may be joined.
In 2004, Beaufield undertook a small drill program and defined an extension of zone 18 close to surface. Holes BFRL 401 and 402 intersected significant gold intersections (News release May 5th, 2004).
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This news release has been prepared by Jens E. Hansen, P.Eng., CEO, President and director of Beaufield, the Qualified Person, 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 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 Company cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Company 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.
A map is available at the following address: http://media3.marketwire.com/docs/BFD_Urb_Dri_Poster.pdf.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>