Bayfield’s flagship Burns Block property is surrounded by New Gold’s (TSX: NGD) Rainy River project and adjoins the immediate east of New Gold’s multi-million ounce ODM17 gold-silver deposit and adjoins the immediate west of New Gold’s expanding Intrepid gold-silver deposit.
The Company will focus most of its 2014 exploration and drilling program on the eastern side of the Burns Block on the high priority East Burns – Intrepid Zone.
Additional Discovery Potential on Burns Block Property:
Recommendations contained within the January 23, 2014 NI 43-101 Technical Report and Mineral Resource Estimate indicate the need for additional exploration drilling in the central portion of the Burns Block and additional delineation drilling on the Western Burns Zone and East Burns – Intrepid Zone of the property.
The majority of past drilling on the Burns Block has been concentrated on the western and eastern sides of the property with the resources that have been identified crossing the property boundaries onto the adjacent ground held by New Gold to the west and to the east.
Specific targets remain for additional discovery on the Burns Block. These targets have been grouped into four categories:
Western Burns Zone: Additional drilling at depth on the Western Burns high grade zone would help fill in large holes in the model that have not been assigned a grade, due to a lack of data.
East Burns – Intrepid Zone: Approximately 170 metres of plan view strike length extension potential of the southwest plunging East Burns – Intrepid high grade shoot remains untested along the southeast to south-central portion of the Burns Block. The down plunge length of this target is in excess of 220 metres. This down plunge extension has no drilling into the targeted high grade Intrepid Shoot.
Central Burns Block Main Zone: Several holes collared in the sparsely drilled central portion of the Burns Block property have intersected 5 to 15 metre wide zones of low grade to gram level gold mineralization hosted within the sheared, foliated quartz porphyry dacite. These intersections have not been followed up and present the potential of being associated with additional undiscovered shoots of higher grade mineralization.
Mineralized zones in both the hanging wall and footwall of the Main Zone: Completed drilling clearly shows the presence of multi-gram gold and silver mineralization in positions above and below the Main Zone. Several wide, significant mineralized zones lying below the Main Zone have been intersected but remain completely open due to lack of drilling.
These targets are concentrated in the under explored central portion of the property. The presence of multiple mineralized horizons located above and below the robust Intrepid Shoot has been previously described by Rainy River Resources following delineation drilling of the shallow portion of the Intrepid immediately to the east of the Burns Block.
