- 1/1/1900Date of Inception:
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Mining (except Oil and Gas)
- Company Name: Bayfield Ventures Corp.
- About Company: Bayfield Ventures Corp. (TSX-V: BYV) is exploring for gold and silver in the Rainy River district of northwestern Ontario.
Bayfield has earned a 100% interest in its flagship "Burns" block property which is located in the Richardson Township, Rainy River District of northwestern Ontario. The property is surrounded by Rainy River Resources (TSX-V: RR) and adjoins the immediate east of Rainy River Resources' main ODM17 gold zone.
Drilling to date on the Burns Block demonstrates that the ODM17 zone extends from Rainy River Resources' ground onto Bayfield's Burns Block. Bayfield is currently carrying out 100,000 metres of diamond drilling on its Rainy River properties. Drill results thus far have been very encouraging. Notable drill results include 60.05 grams per tonne gold and 362.96 grams per tonne silver over 11.2 metres within 26.70 grams per tonne gold and 170.69 grams per tonne silver over 25.5 metres, as well as 35.93 grams per tonne gold and 359.65 grams per tonne silver over 10.0 metres.
Rainy River's June 2011 resource calculation shows a measured and indicated resource of 4.41 million ounces of gold, averaging 1.17 g/t gold, in addition to an inferred resource of 2.33 million ounces of gold, averaging 0.94 g/t gold. Rainy River considers that the material above the final depth of the conceptual pit shell (450 metres vertical depth) offers reasonable prospects for economic extraction from an open pit using a cut-off grade of 0.35 g/t gold.
Bayfield also has earned a 100% interest in the 480 hectare "B" Claim Block which is well located to the immediate east of Rainy River Resources' northerly 433 gold zone. To the west, Bayfield has earned a 100% interest in the strategically located 800 hectare "C" Block property.
All of Bayfield's properties cover similar lithologies and structures to those hosting the gold and silver zones comprising the Rainy River multi-million ounce deposit.
Bayfield Ventures Corp's goal is to increase shareholder value by developing exploration projects near world-class deposits that have the potential of becoming new discoveries.
- Employees: 15