July 06, 2016 09:55 ET
OTTAWA, ONTARIO--(Marketwired - July 6, 2016) - Beaufield Resources Inc. ("Beaufield") (TSX VENTURE:BFD) is pleased to report that drilling has started on the Rouleau block at Urban. The first hole has reached a depth of 762 metres as of yesterday and is targeting the interpreted southwest extension of the promising Bonterra Resources Gladiator Gold Project which remains open in this direction (Bonterra Resources June 20th 2016 news release). The area targeted is located approximately 400 metres southwest of Bonterra's property boundary. A series of holes have been planned to test gold trends extending onto Beaufield's property as shown on to the adjoined map.
Due to the high level of activity and positive outlook for the Urban gold camp, Beaufield management is focusing drilling on its Urban holdings. Beaufield originally acquired the Urban property in 1987 due to its numerous historical gold occurrences and potential for discovery.
This news release has been prepared by Mathieu Stephens, P.Geo., Vice President of Exploration and Corporate Development for Beaufield, the Qualified Person, as defined by National Instrument 43-101.
Beaufield is a well financed mineral exploration company with its exploration activity focused in Quebec. Please refer to Beaufield's website to view the company's properties in Eleonore-Opinaca, Troilus and elsewhere. The Corporation is actively exploring, well financed with approximately $2.5 million in cash, 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.
To view the map attached to this press release: http://media3.marketwire.com/docs/RouleauSouth.pdf
Jens E. Hansen, President and CEO514.842.3443Mathieu Stephens, VP Exploration and Corporate Development613.email@example.comInvestor Relations EuropeKai Hoffmann, Soar Financial Partnersbfd@soarfinancial.com+49 69 175 54832 0Wir sprechen Deutsch
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