Bayfield Ventures Corp.
TSX VENTURE : BYV
FRANKFURT : B4N

Bayfield Ventures Corp.

March 03, 2010 09:00 ET

Bayfield Further Extends Rainy River's ODM17 Gold Zone on "Burns" Block, NW Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2010) - Bayfield Ventures Corp. (TSX VENTURE:BYV)(FRANKFURT:B4N) (the "Company") announces drill results from its phase one 2010 winter drill program on its "Burns" Block claim group in the Rainy River District of Northwestern Ontario. The Burns Block is situated immediately to the east, on strike, of the Rainy River Resources major gold deposit.

Rainy River district property claims map:
http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf

Three diamond drill holes totalling 1509 metres were completed on the Burns Block property in February 2010. The holes were along the western edge of the property and completed a section immediately on strike with the eastern end of the "ODM17" zone of Rainy River Resources. The ODM17 zone is known to extend from the Rainy River Resources ground on to Bayfield's Burns block.

All three holes encountered gold values in the same litho-structural settings that host the ODM17 Zone and North Zone on the Rainy River Resources property. Gold mineralization is widespread within a sheared felsic pyroclastic sequence. Gold grade appears to be strongly influenced by proximity to the margins of strong sericitic alteration within the shear system.

Drill Hole From M To M Intersection M G/T Gold Zone
RR10-1 142.8 204.0 61.2 0.49 ODM17
includes 187.5 204.0 16.5 1.20 ODM17
includes 191.5 199.0 7.5 1.77 ODM17
includes 191.5 194.0 2.5 3.03 ODM17
includes 196.0 197.0 1.0 3.09 ODM17
RR10-2 323.0 335.0 12.0 0.54 ODM17
RR10-3 358.0 378.0 20.0 0.12 ODM17
RR10-3 728.0 735.0 7.0 0.72 North
includes 730.0 731.0 1.0 4.83 North
RR10-3 745.0 746.0 1.0 9.51 North
RR10-3 789.0 798.0 9.0 0.32 North

The holes completed by Bayfield confirm the continuity of gold mineralization of the Rainy River Resources ODM17 zone along strike and down dip. The North zone has been confirmed to extend on to the Burns Block at depth. The "drill indicated" open pit resource on the Rainy River Resources ground (news release March 2nd) is stated as 55,657,000 tonnes at a grade of 1.20 g/t gold for a total of 2.37 Moz gold and 2.66 Moz gold in the inferred resource category.

"Burns" Block location map, Rainy River, NW Ontario
http://www.bayfieldventures.com/i/pdf/BYVRainyRiver-Bayfield.pdf

Bayfield Ventures Corp. phase 2 drilling is to begin immediately on the Burns Block to establish additional strike length, grade and tenor of the gold mineralization. 

David J. Busch, B.A., B.Sc., PGeo., Exploration Manager, is the qualified person under the meaning of National Instrument 43-101 and has reviewed the data in this News Release.

About Bayfield Ventures Corp.

Bayfield Ventures Corp. is exploring for gold in the Rainy River and Red Lake districts of northwestern Ontario.

For further information on Bayfield Ventures Corp. (TSX VENTURE:BYV), visit the Company's web site at www.bayfieldventures.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Donald C. Huston, President

This news release may contain certain "Forward-Looking Statements" that may involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Contact Information

  • Bayfield Ventures Corp.
    Donald C. Huston
    President
    604-687-3376 or Toll Free: 800-567-8181
    604-687-3119 (FAX)
    or
    Bayfield Ventures Corp.
    Donald G. Myers
    Director
    604-687-3376 or Toll Free: 800-567-8181
    604-687-3119 (FAX)
    info@bayfieldventures.com
    www.bayfieldventures.com