Beaufield Resources Inc.

TSX VENTURE : BFD


Beaufield Resources Inc.

January 28, 2014 11:24 ET

Beaufield Drills 4.89 g/t Au Over 7.70 Metres at its Urban Gold Property

MONTREAL, QUEBEC--(Marketwired - Jan. 28, 2014) - Beaufield Resources Inc. ("Beaufield" or the "Corporation") (TSX VENTURE:BFD) is pleased to announce assay results for its last 8 drill holes from its 2,183 metre drill program on its 100% owned Urban gold property. 3 holes were reported on September 12th, 2013.

New drilling highlights include:

  • 38.85 metres of 0.88 g/t gold in BLR-13-01

  • 11.00 metres of 3.55 g/t gold, including 7.70 metres of 4.89 g/t gold in BLR-13-02

  • 13.00 metres of 1.80 g/t gold, including 3.00 metres of 6.29 g/t gold in BLR-13-05

6 holes targeted the Zone 18 area located northeast of the Rouleau Lake. Gold mineralization in Zone 18 is found within a sub-vertical brecciated, strongly silicified and moderately carbonatized felsic tuf and mudrock unit. Gold mineralization in the zone 18 area was originally discovered by Falconbridge in 1987. Beaufield funded the 1987 program to acquire an interest in the property. Beaufield subsequently acquired a 100% interest. The Urban gold project consists of 173 claims covering 7,085 hectares located in the Urban-Barry Archean greenstone belt, 190 km NE of Val-d'Or, Quebec.

All holes drilled intercepted anomalous to high grade gold over varying widths. Hole BLR-13-01 targeted the centre of a known mineralized trend. Hole BLR-13-02, was drilled from the same location with a steeper angle to test extension of the mineralization at depth. Holes BLR-13-03 and BLR-13-04 were drilled 25m to west and to the east respectively to test for mineralization continuity along strike.

Holes BLR-13-05 and BLR-13-06 targeted the extension of Zone 18 along strike roughly 50 metres west. Hole BLR-13-06 intercepted gold over a narrow interval, it was in fact terminated early due to technical reasons and did not reach its intended target where gold is expected over greater widths. A summary of the Zone 18 holes is given in table 1 below.

Table 1: Zone 18 Drilling Highlights

Hole From
(metres)
To
(metres)
Length
(metres)*
Gold
g/t
BLR-13-01 51.00 89.85 38.85 0.88
including 53.00 67.00 14.00 2.23
BLR-13-02 62.00 73.00 11.00 3.55
including 64.30 72.00 7.70 4.89
BLR-13-03 46.15 54.00 7.85 1.27
BLR-13-04 71.00 95.60 24.60 0.20
including 73.00 76.00 3.00 2.31
BLR-13-05 15.00 18.30 3.30 2.90
BLR-13-05 49.00 62.00 13.00 1.80
including 53.00 56.00 3.00 6.29
BLR-13-05 76.65 112.00 35.35 0.30
including 77.65 79.65 2.00 1.13
BLR-13-05 105.50 109.30 3.80 1.44
BLR-13-06 222.00 222.35 0.35 7.92

* Drill core lengths may not represent true widths

Two holes targeted the Lac Kent area where historical drill holes are reported to have returned gold associated with a coincident induced polarization/magnetic anomaly. Hole BLK-13-01 targeted the centre of this anomaly. Anomalous values in gold, silver and zinc where returned. Hole BLK-13-02 targeted the extension of the same anomaly further east. This hole also encountered anomalous gold, silver and zinc values. Best intersections are listed in table 2 below.

Table 2: Lac Kent Drilling Highlights

Hole From
(metres)
To
(metres)
Length
(metres)*
Gold
g/t
BLK-13-01 69.00 70.00 1.00 0.58
BLK-13-02 59.35 61.35 2.00 0.28

* Drill core lengths may not represent true widths

Table 3: Drill Hole Locations and Attributes

Hole Easting* Northing* Azimuth Dip Length
BLR-13-01 457558 5430794 160 -50 150m
BLR-13-02 457558 5430794 160 -65 201m
BLR-13-03 457528 5430793 160 -55 177m
BLR-13-04 457579 5430807 160 -55 174m
BLR-13-05 457524 5430686 360 -45 201m
BLR-13-06 457524 5430686 345 -80 255m
BLK-13-01 439663 5423477 335 -48 156m
BLK-13-02 439977 5423672 325 -48 185m

* UTM NAD83 Zone 18N

Beaufield's Urban properties host numerous gold occurrences many requiring exploration in greater detail. Upon a detailed analysis of the current data which has demonstrated the exploration potential of the area, a detailed follow-up program will be proposed.

The Urban area has been the focus of increased gold exploration activity by Beaufield and its neighbours which are developing properties that adjoin Beaufield. Metanor Resources Inc. is operating the Barry mine and Eagle Hill Exploration Corp. has recently undertaken an extensive 22,000 metre drill program on its promising Windfall gold property which adjoins the Beaufield ground. A map is attached showing the location of the major participants undertaking active exploration in the Urban Township.

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

QAQC

638 core samples, totaling 501.95 metres were bagged and quality control samples (blanks and standards) were inserted in the sequence. Core processing included descriptive logging and systematic sampling for analysis. Every sampled interval was sawed 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.

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 identify other potential opportunities in the mineral exploration or development stage. The Corporation is actively exploring, well financed, has no debt and has excess work credits on its properties.

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 Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation 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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