Bayfield Ventures Corp.
TSX VENTURE : BYV
FRANKFURT : B4N

Bayfield Ventures Corp.

September 08, 2010 11:22 ET

Bayfield Correction Increases Drill Hole From 2.70 g/t Gold to 5.08 g/t Gold Over 81m in Rainy River, NW Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2010) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) (the "Company") is issuing a correction to it's news release dated September 7th reporting an additional high grade gold discovery on its 100% owned Burns Block property in the Rainy River District of north-western Ontario. The Burns Block is situated immediately to the east and on strike to Rainy River Resources' (TSX-V: RR) gold project.

Rainy River gold properties claims map:

http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf

Bayfield incorrectly reported yesterday that drill hole RR10-18, from 488 metres to 569 metres, returned 2.70 g/t gold over 81 metres when the news release should have stated 5.08 g/t gold over 81 metres.

Except for the above, all other information is correct.

Highlights:

  • Another significant high grade gold discovery early in 20,000+ metre (50+ holes) diamond drill program
  • 35.93 g/t gold over 10.0 metres within 13.28 g/t gold over 28.0 metres intersected in hole RR10-18
  • The linear "plunge distance" between the high grade zone in the previously reported hole, RR10-15, and that in the newly reported hole, RR10-18, is in excess of 400 metres indicating a potential for a high grade gold shoot of considerable length
  • The map distance between the collars of RR10-15 and RR10-18 is approximately 125 metres; little drilling between the holes has been done
  • 13 additional holes completed; assays pending

Burns Block drilling exploration map:

http://www.bayfieldventures.com/i/maps/BYV_Burns_Exploration_Map_July_2010.jpg

The linear distance between the shallow high grade zone in RR10-15 and the deeper high grade zone in RR10-18 reported here is in excess of 400 metres. The plotted geometry of the two intercepts strongly indicates that a high grade gold shoot of a size, thickness and grade similar to those being delineated by Rainy River Resources to the west has been found by Bayfield on the Burns Block.

Infill drilling of the high grade shoot will commence as soon as the drill rig has completed a critically important fence of drill holes in the northern section of the Burns Block.

Significant gold intercepts from the latest batch of assay results for holes RR10-17 and RR10-18 are listed in the table below.

DRILL HOLE DIP ° AZ. ° FROM (m ) TO (m ) INTERVAL (m ) GOLD (g/t ) GOLD ZONE
RR10-17 75° 355° 350   364   14.0   Highly Anomalous   #283
      397   411   14.0   Highly Anomalous    
including     403   407   4.0   1.13    
                       
RR10-18 88° 355° 178   183   5.0   0.83   #283
      488   569   81.0   5.08    
including     488   516   28.0   13.28    
including     490   491   1.0   4.43    
including     497   507   10.0   35.93    
including     542   553   11.0   2.01    
including     545   546   1.0   15.60    
                       

Shane Hu, P.Geo., Project Geologist for Bayfield Ventures is the Qualified Person, as defined by National Instrument 43-101 and supervised both the project field and the preparation of the technical information in this release.

About Bayfield Ventures Corp.

Bayfield Ventures Corp. is exploring for gold in the Rainy River District of north-western Ontario.

The Company has approximately 41 million shares outstanding.

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 G. MYERS, Director

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.

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