SOURCE: Bayfield Ventures Corp.

January 07, 2010 11:20 ET

Bayfield Ventures Begins Rainy River Drill Program

VANCOUVER, BC--(Marketwire - January 7, 2010) - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") announces that a diamond drill program the Company is now initiating on the Company's Burns property located in Rainy River district of Northwestern Ontario.

A drill rig has been mobilized to the Burns property, which abuts the eastern boundary of Rainy River Resources (TSX-V: RR) Richardson Township property which is host to a major gold discovery.

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

The drill program will be concentrated on tracing the strike and extension of Rainy River Resources ODM17 East gold zone that is known to occur on Bayfield's Burn's property.

Rainy River Resources drilled 8 holes in 2008 on Bayfield's Burns property under an option agreement. Hole NR08-283 was collared near the eastern boundary of Rainy River Resources property but deviated eastward where, approximately 30 metres inside Bayfield's "Burns" property it intersected a 4.5 metre interval grading 7.34 g/t gold. Drill hole NR08-294, targeting the relatively high-grade assay intervals in hole NR08-280, intersected a 4.5 metre interval grading 2.24 g/t gold of the down-dip extension of the zone. Holes NR08-296 and NR08-304 targeted the east extension of the 17 east zone intersected in hole NR08-283. NR08-296 cut a broad 25 metre interval grading 0.89 g/t gold. Hole NR08-304 intersected 43.5 metres grading 0.78 g/t gold. The option agreement was subsequently terminated when Rainy River Resources failed to spend the required exploration expenditures by November 2008.

This initial 2010 winter drill program will consist of a minimum 1000 metres of drilling in 3 holes.

The mineralization encountered to date on Bayfiel's Burn's and "B" claim properties occurs in the same geological environment as what hosts the gold values on the main ODM17 zone of Rainy river Resources to the immediate west. It is very likely that some of the lithological units are correlative across the area. All of this information bodes well for defining deposit scale mineralization on the Burns property held by Bayfield Ventures. The Company is of the opinion that the highly altered dacitic tuff breccia zone seen in the Rainy River Resources core continues in an easterly trend onto the Burns property held 100% by Bayfield Ventures.

Map showing Rainy River's Conceptual open pit mine: http://www.bayfieldventures.com/i/maps/RR-3.jpg

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-V: BYV), visit the Company's web site at www.bayfieldventures.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Don Huston"

DONALD C. HUSTON

President

For further information contact myself or:
Don Myers
Director
Bayfield Ventures Corp.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@bayfieldventures.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.

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.

Contact Information

  • Bayfield Ventures Corp.
    Suite 2230 - 885 West Georgia Street
    Vancouver, BC, V6C 3E8, CANADA
    www.bayfieldventures.com
    Email: Email Contact
    Telephone: (604) 687-3376
    Facsimile: (604) 687-3119