Beaufield Resources Inc.
TSX VENTURE : BFD

Beaufield Resources Inc.

June 05, 2006 09:59 ET

Opinaca and Hemlo Drill Results: New Gold Zone Discovered at Opinaca

OTTAWA, ONTARIO--(CCNMatthews - June 5, 2006) - Beaufield Resources Inc. (TSX VENTURE:BFD) is pleased to announce that complete results from the Opinaca and Hemlo winter drilling programs have been received.

The drilling has led to the discovery of a new gold zone at Opinaca and positive initial results at Hemlo which will lead to a follow-up exploration program on both projects.

OPINACA

At Opinaca, the most significant hole was OP-01-06, a single hole drilled on the Rusty zone. The zone is about 2 km west of the Beaufield-Goldcorp border and is contained within volcanics in close contact with the intrusive and believed to be a short distance away from the contact with the sediments (greywackes). The hole encountered a 20m zone (from 94m to 114m) which has pyrrhotite and arsenopyrite mineralization over its entire length, as well as quartz stockwork and sometimes strong to intense tourmalinization controlled by local shearing and brecciation. The pyrrhotite content varies from trace to 10% while the arsenopyrite varies from trace to 2%. Tourmaline content varies from 5% to 25%. Gold grades were anomalous through the entire 20m length, with grades ranging from 0.1 g/t to 5.2 g/t. The complete distribution of the gold grades is as follows:



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Interval (metres): Gold grade g/t Interval (metres):Gold grade g/t
94m-95m: 0.869 g/t 104m-105m: 1.995 g/t
95m-96m: 1.21 g/t 105m-106m: 0.609 g/t
96m-97m: 0.995 g/t 106m-107m: 1.385 g/t
97m-98m: 0.873 g/t 107m-108m: 0.787 g/t
98m-99m: 0.875 g/t 108m-109m: 0.100 g/t
99m-100m: 1.115 g/t 109m-110m: 0.213 g/t
100m-101m: 1.630 g/t 110m-111m: 0.555 g/t
101m-102m: 0.602 g/t 111m-112m: 0.250 g/t
102m-103m: 2.000 g/t 112m-113m: 0.532 g/t
103m-104m: 5.200 g/t 113m-114m: 0.312 g/t
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AVERAGE: 20m GRADING 1.1 G/T

The zone is believed to resemble the reported mineralization at the neighboring Roberto deposit within Goldcorp's Eleonore property in its mineral content and consistent gold distribution. In the opinion of Beaufield management, the zone could represent the halo or envelope of a higher grade system, which will be the subject of an immediate follow-up exploration program. A second gold anomalous zone is found within the same hole (OP-06-01), associated with a sheared contact between the mafic volcanic unit and an intermediary intrusive. The sheared contact is intruded by quartz-arsenopyrite veinlets where an interval of 5.0m, between 150.0m and 155.0m, returned an average value of 0.45 g/t Au.

Several anomalous gold intersections were also cut by drill hole OP-06-09 (Snoopy zone) which was drilled to evaluate the economic potential of chalcopyrite-molybdenum bearing quartz veins intruding a gneissic granite in the northern part of the property. Interval 143.0m to 149.5m returned an average value of 0,40 g/t Au over 6.50m while interval 107.0m to 110.0m returned an average value of 0.25 g/t Au over 3.0m. Follow-up work will also be conducted on this zone.

Holes drilled in the Channel and South Pond zones (greywacke and conglomerate formations) were often mineralized (pyrite, arsenopyrite and pyrrhotite) over long sections (greater than 20 metres) and often contained similar features as Eleonore (silicification, tourmaline, etc). Gold grades were however below anomalous levels and follow-up work is needed in order to obtain a better understanding of the geological setting of these zones.

During the winter, approximately 200 kilometres of geophysics was completed. The summer program will begin in June and will consist of gridding, geophsyiscs and geochemistry. Additional drilling to begin evaluation of the discovery of the 20m zone of Hole OP-06-01 is also planned following the ground program.

Approximately 10% of highly favorable geology has been partially evaluated during 2006. Systematic exploration on the Opinaca property will continue through 2006 and beyond.

HEMLO

Two holes were planned and one hole completed on Beaufield's Hemlo property located approximately 15 Km west of the operating Hemlo gold mines. The hole was drilled to 400m on a geochemical anomaly (MMI- mobile metal ion) and intercepted several mineralized zones of considerable width (10 to 20 metres). The zones consisted largely of mafic volcanics mixed with sediments containing pyrite (3-8%), quartz flooding and sericitization, features usually consistent with ore-grade gold deposits. The gold grades however were below anomalous levels except for the very bottom of the hole which contained a high concentration of sulphides (pyrite) and an anomalous gold grade of 0.8 g/t. The second hole was planned to be drilled about 2 km west of the first hole but was abandoned due to technical difficulties with the drilling equipment. This second hole was not spotted on a specific target, but was more to assess the geological profile of the area.

Given this positive indication at the bottom of the first hole, the drill rod casing was left in the hole and the hole will likely be lengthened in a follow-up exploration program as soon as practicable.

Interestingly, geologists at the nearby Hemlo gold mines have examined the core and are following Beaufield's exploration efforts very closely. It is worthy of mention that over 95% of the ore in the Hemlo gold deposits is located at depths greater than 500m.

In sum, Beaufield management is very excited about the discovery of a new gold bearing zone at its Opinaca property and the earlier stage findings at Hemlo. Management looks forward to commencing follow-up exploration programs on both properties. Drilling is also expected to begin on its 50%-owned Troilus program in June or July of this summer, where 5 holes have been spotted around the Tortigny and Moleon base metal deposits as well as the Inco boulder area.

Beaufield's financial position remains strong with over $6 million in cash and no debt, which will allow the Company to carry out its exploration efforts for several years.

The Qualified Persons on the Opinaca and Hemlo projects are, respectively, Michel Roby, P.Geo. and Andre Liboiron, P.Geo., who are both consulting geologists for Beaufield.

Quality Assurance/Quality Control

Core processing included descriptive logging and selection of samples for analyses. The drill core selected for analyses was sawed in half, with one half delivered to a commercial laboratory and the other half retained for future reference. Gold assays were performed at ALS Chemex Laboratories in Val d'Or, Quebec. The processed samples were submitted to a standard Fire Assay with AA technique (Au-AA-23) and Inductively Coupled Plasma Emission Spectroscopy (ME-ICP-41), on a 30 gram sub-sample.

Routine quality control testing at Als Chemex laboratories includes the analysis of blanks, reference materials and duplicates.


This news release has been prepared by Jens Hansen, P.Eng, president of Beaufield and a Qualified Person under NI 43-101.

Signed: "Jens E. Hansen, P. Eng", President

The TSX Venture Exchange (TSX-V) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Beaufield Resources Inc.
    Louis Morin, Manager, Investor Relations
    (514) 591-3988
    or
    Beaufield Resources Inc.
    Jens E. Hansen, President
    (613) 721-2919
    beaufield@rogers.com