Beaufield Resources Inc.
TSX VENTURE : BFD

Beaufield Resources Inc.

December 08, 2015 12:03 ET

Beaufield Intersects 46.2 g/t Gold in Urban Drilling

MONTREAL, QUEBEC--(Marketwired - Dec. 8, 2015) - Beaufield Resources Inc. ("Beaufield") (TSX VENTURE:BFD)
is pleased to report assay results for its 15 exploration holes, totaling 1,693 metres, drilled on Beaufield's Macho, part of Beaufield Urban properties totaling 9,756 hectares.

Highlights

  • High grade gold in drilling (46.2 g/t gold over 1 metre)
  • Wider anomalous gold intersection of 7.86 g/t gold over 6 metres
  • Mineralization near surface - Less than 30 vertical metres from surface
  • Limited drilling. Mineralization open along strike and at depth
  • Mineralization coincides with 1,400 metres long geophysical anomaly
  • Similar geological setting as the nearby Windfall gold deposit
  • Additional work to be completed, including drilling and trenching

Best results were from hole BU-15-07 which represents a new discovery. Several gold zones were intersected, including 46.2 g/t gold over a metre. This high grade portion is located within a wider halo of anomalous gold values. This interval assayed 7.86 g/t gold over 6 metres.

Hole BU-15-07 targeted a 1,400 metres long induced polarization (IP) anomaly that remains untested along strike. The drill hole was collared 200 metres southwest of the East Showing which assayed 20.0 g/t gold, 54.9 g/t Ag and 2.43% Cu in a grab sample (August 1st, 2014 news release). This discovery will be the subject of follow-up drilling. Best intersections for hole BU-15-07 are tabled below.

Hole IP
Target
From
(m)
To
(m)
Length
(m)*
Gold
(g/t)
Silver
(g/t)
Copper
(%)
BU-15-07 P-67 3.00 4.00 1.00 0.47 11.2 0.73
BU-15-07
Including
P-67 33.00
37.00
39.00
38.00
6.00
1.00
7.86
46.2
1.3
2.7
0.09
0.07
BU-15-07 P-67 47.00 48.00 1.00 0.74 0.5 0.02
BU-15-07 P-67 65.00 66.00 1.00 0.38 1.4 0.19
BU-15-07 P-67 76.00 78.00 2.00 0.20 5.6 0.50
*May not represent true width

The high grade gold intersection is associated with quartz veining and shearing of the host volcanic rocks. This sheared and altered unit is contained between two quartz-feldspar porphyries (QFP). The geological setting in which the mineralization is located is promising due to the similarities with the nearby Windfall gold deposit under development by Oban Mining. At least 5 gold zones were intersected in hole BU-15-07, indicating potential for stockwerk type mineralization or parallel gold zones. Also, the presence of QFPs in close proximity is also indicative of the potential of the area. Further investigation at depth and along strike is required to determine potential continuity and/or widening of mineralization. A regional map indicating the location of discovery is available at the following link: http://media3.marketwire.com/docs/1036009_Urban_regional_map.pdf.

Elsewhere on the property, 7 other holes out of the drill program's 15 holes that tested various IP targets intersected anomalous gold values, often associated with copper sulphides. Results are tabled below.

Hole IP
Target
From
(m)
To
(m)
Length
(m)*
Gold
(g/t)
Silver
(g/t)
Copper
(%)
BU-15-02 P-61 41.00 43.00 2.00 0.21 1.0 n/a
BU-15-03 P-74 31.00 32.00 2.00 0.32 1.5 n/a
BU-15-05 P-79 11.00 12.00 1.00 0.53 0.6 n/a
BU-15-06 P-80 60.00 62.00 2.00 1.08 1.8 0.13
BU-15-08 P-66 20.00 22.00 2.00 0.34 3.4 0.11
BU-15-09 P-66 41.00 45.00 4.00 0.13 2.4 0.17
BU-15-10 P-65 3.56 4.00 0.44 0.28 8.0 0.63
BU-15-10 P-65 19.00 27.00 8.00 0.14 3.7 0.25
BU-15-10 P-65 32.00 33.00 1.00 0.41 2.2 0.08
*May not represent true width

Mineralization intersected so far is near surface and has not be tested a depth. In addition, two holes (BU-15-07 and BU-15-10) encountered gold mineralization within the first few metres and in areas of thin overburden; further trenching and drilling is planned for these areas.

Results of the current work will assist in the planning of a follow-up drill program. The area surrounding discovery hole BU-15-07 is considered high priority. A strong IP target located a few hundred metres south of the discovery is located over swampy ground and could not be drilled in the fall. Winter drilling is required in this area. Several other untested targets can also be accessed in winter time only when the ground is frozen.

Over 35 distinct IP anomalies from the 2014 geophysical survey remain to be investigated, 11 of which are considered high priority. Other targets include areas where new gold occurrence where discovered by surface prospection. Please refer to Beaufield's October 22nd 2015 news release for details on these discoveries.

Beaufield's 2015 fall drill program included descriptive logging and systematic sampling of the drill core for analysis. A total 289 samples were taken from the drill core. Every sampled interval was split in half with a core splitter or cut with a diamond blade saw. 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 a commercial laboratory. Quality control samples (duplicate, blanks and standards) were systematically inserted in the sequence. 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.

Beaufield's property is located near infrastructure and is easily accessible by road. The Urban area is an active area with many companies operating in the area including Oban Mining, Bonterra Resources, Urbana Corporation and Metanor Resources.

This news release has been prepared by Mathieu Stephens, P.Geo., Chief Geologist for Beaufield, the Qualified Person, 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 identify other potential opportunities in the mineral exploration or development stage. The Corporation is actively exploring, well financed with approximately $3 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.

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