Bayfield Ventures Corp.
TSX VENTURE : BYV
FRANKFURT : B4N

Bayfield Ventures Corp.

January 10, 2007 12:48 ET

Bayfield Ventures Corp.: Geological Report Filed on SEDAR for Rainy River Projects, NW Ontario

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 10, 2007) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (FWB:B4N) announces that it has commissioned a Geological Report on its Claim Block A, B, and C properties located in the Rainy River District of northwestern Ontario. The claims are in three groupings covering a total of 970 hectares. The Report was filed on SEDAR on January 10th 2007 and can be accessed on the SEDAR website at www.sedar.com.

Rainy River Property Claims Map:

http://www.bayfieldventures.com/i/maps/BYV-RR-Area-all.gif

The 3 properties are well located to the east side and southwest side of the #17, the #433, and the new ODM gold zones of Rainy River Resources property. All 3 newly acquired properties are located within extensions of the greenstone belt that is known to host the Rainy River Resources gold deposits.

The Geological Report dated December 20, 2006 on the properties was prepared by David J. Busch B.A. B.Sc., PGeo. The report evaluates the gold potential of the three properties and evaluates previous preliminary exploration programs consisting primarily of overburden drilling with ground induced polarization and magnetometer surveys.

Bayfield Ventures announces it has mobilized geological personnel onto its Rainy River properties. Work programs are now in progress which includes overburden drilling, line cutting, magnetometer and horizontal loop surveying to be followed by diamond drilling of prospective targets. These techniques will assist in identifying potential gold bearing structures and possible gold bearing sulfide rich zones in bedrock. The bulk of the gold mineralization outlined to date on the Rainy River Resources property shows a clear alignment with cross cutting structures evident from regional magnetic data. This suggests that both stratigraphic and structural models for gold mineralization must be considered while conducting the latest exploration programs.

Rainy River Magnetic Survey Data Map:

http://www.bayfieldventures.com/i/maps/BYV-RR-B-magmap.gif

Data from overburden drilling assessment files by Nuinsco and Mingold in the 1990's has been compiled and digitized by Bayfield staff. Of major significance to the company is an assay reported from a sampled overburden drill site near the north boundary of the "A" claim block that contains over 600 gold grains. This is one of the highest gold grain counts from the entire overburden survey carried out to date. Roughly half the gold grains from this sample are pristine, again being one of the highest proportions of pristine gold grains in the entire survey area. The data presented to date suggests a possible bedrock source or sources on the property. All new data will be reviewed and diamond drilling will test any settings with potential structures or bedrock sulfides.

Also of significance is previous geophysical data on Bayfield's newly acquired Claim Block "B". Past work on the property consisted of ground magnetic and Induced Polarization (IP) surveys. The IP survey has returned a moderate to strong response in the vicinity of several moderate to strong airborne electro-magnetic responses. This target area has strong potential to host gold and nickel-copper mineralization.

Bayfield Ventures is of the belief that the deposits being outlined by Rainy River Resources at this time confirm the area as a mineral camp in its early stage of exploration. The land position with the crosscutting structures and well developed infrastructure now under option to Bayfield Ventures represent an excellent starting point in this emerging mineral camp.

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

In other news, the Company announces that Ernst & Young, Chartered Accountants, were informed that they will not be reappointed as auditors of the Company. The Board of Directors approved a proposal to engage the accounting firm of Morgan & Company, Chartered Accountants, as auditors for the Company. During Ernst & Young's appointment, there were no disagreements with Ernst & Young LLP on any matter of accounting principles or practice, financial statement disclosure, auditing scope or procedure, or any reportable events. The Company will ask that the shareholders of the Company approve and ratify the appointment of Morgan & Company at the next annual general meeting.

Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario, diamonds in Central Saskatchewan, Canada, and copper-gold and coal in the South Gobi region of Mongolia. Property partners include Goldcorp and BHP Billiton.

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

DONALD C HUSTON, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various 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. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission

The TSX Venture and Frankfurt stock exchanges have not reviewed and do not accept responsibility for the adequacy or accuracy of the content of this press release.

Contact Information

  • Bayfield Ventures Corp.
    Donald C Huston
    President
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    or
    Bayfield Ventures Corp.
    Don Myers
    Director
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    Email: info@bayfieldventures.com
    Website: www.bayfieldventures.com