Beaufield Resources Inc.: Exploration at Urban Property Debuts
June 17, 2014 (Source: Marketwired) — Beaufield Resources Inc. (“Beaufield”) (TSX VENTURE:BFD) announces that it has commenced its summer exploration program at its 100% owned Urban properties, in Quebec. The properties cover 8,160 hectares (81.6 square kilometres) in Urban Township 120 km northeast of Val d’Or and consist of three blocks, Macho, Rouleau and Lac Kent. Beaufield’s properties adjoin Eagle Hill Exploration and Metanor Resources properties. Both neighboring companies are very active in Urban.
A geological team is currently performing surface exploration work on the Macho block of claims, an area that has not been explored since the 1990s. Numerous historical gold showings occur in this area, including a historical channel sample of 6.6 g/t gold over a length of 17.0 metres. Grab samples of up to 88.2 g/t and 29.48 g/t gold have been historically reported. The Corporation geologist will also visit other parts of the property to locate additional outcrops and determine what other work might need to be done. Development of the currently explored adjoining properties may influence exploration on Beaufield’s Macho block.
Following the current field program resulting assays and property visit, an exploration program will be prepared. To date, the Macho block has received only limited exploration attention despite activity in the area by others.
This news release has been prepared by Jens E. Hansen, Eng., CEO, President and director of Beaufield, and Mathieu Stephens, P. Geo, the Qualified Persons, as defined by National Instrument 43-101.
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Beaufield is a mineral exploration company with a Quebec focus. 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, is 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.
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>