Beaufield Resources Inc.

Beaufield Resources Inc.

September 04, 2013 10:11 ET

Beaufield Drills 2321 Metres at Opinaca

MONTREAL, QUEBEC--(Marketwired - Sept. 4, 2013) - Beaufield Resources Inc. ("Beaufield" or the "Company") (TSX VENTURE:BFD) is pleased to announce the completion of its drill program of 13 holes totalling 2,321 metres on its 100% owned Opinaca property in James Bay, Quebec. The 101 km2 property is located in the Eleonore gold camp where Goldcorp is developing a new gold mine with a reported initial investment of $2 billion and scheduled to begin production in 2014. Beaufield's property shares a 21 kilometre long boundary with Goldcorp and contains similar geological formations that host the Eleonore gold mineralization.

The drilling program focused on wide-spread targets consisting of geochemical, geophysical, structural and geological anomalies that may be associated with the presence of gold mineralization found at surface is indicated below:

  • Strong induced polarization targets coincident with gold mineralization;
  • Extension at depth of gold mineralization at surface;
  • Possible extensions of previous drilling results:
    • 8.58 g/t Au over 0.7m (Drill Hole OP-O6-11)
    • 1.1 g/t Au over 20.0m (Drill Hole OP-06-01)
  • Highly anomalous gold, copper and arsenic soils samples.

The table below lists the location of holes in UTM Nad 83 coordinates and the length drilled. A map indicating drill hole locations is available on Beaufield's website.

Hole Easting Northing Azimuth Dip Length
OP-13-22 418323 5834633 30 60 249m
OP-13-23 418614 5834350 45 50 243m
OP-13-24 418696 5834140 60 55 270m
OP-13-25 420170 5836729 330 50 198m
OP-13-26 420298 5836327 330 50 165m
OP-13-27 420201 5835731 150 50 105m
OP-13-28 420262 5833667 60 50 144m
OP-13-29 419356 5833140 60 50 150m
OP-13-30 419536 5832788 255 50 150m
OP-13-31 418276 5834900 30 45 207m
OP-13-32 420100 5836380 330 45 229.85m
OP-13-33 421271 5830525 245 50 105m
OP-13-34 422800 5826614 160 50 105m
Total - - - - 2320.85m

331 core samples, totalling 275.7 metres were bagged, quality control samples (duplicate, blanks and standards) were systematically inserted in the sequence. Core processing included descriptive logging and systematic sampling for analysis. Every sampled interval was split in half with a core splitter. Half of any sampled core was left in the core box for future reference and the remaining half was bagged and sealed and sent to commercial laboratory. Assays are 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.

This news release has been prepared by Jens E. Hansen, P.Eng., CEO, President and director of Beaufield and Mathieu Stephens, P.Geo, the Qualified Persons, as defined by National Instrument 43-101.

About Beaufield:

Beaufield is a mineral exploration company with its exploration activity focused in Quebec. Beaufield is well positioned to advance its portfolio of exploration properties and to identify other potential opportunities in the mineral exploration or development stage. Beaufield is well financed to undertake its planned exploration programs for 2013.

The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although Beaufield deems the expectations reflected in these forward-looking statements to be reasonable, the Company cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

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