VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/10/13 -- Bayfield Ventures Corp. (TSX VENTURE: BYV)(PINKSHEETS: BYVVF)(FRANKFURT: B4N) is pleased to announce additional assays from the continuing exploration of its 100% owned Burns Block gold-silver project. The Company's Burns Block project is located in the Rainy River District of north-western Ontario and is ideally situated adjacent to the east of Rainy River Resources' main multi-million ounce gold-silver deposit and to the west of their expanding Intrepid gold-silver zone.
Rainy River District Gold Zones: www.bayfieldventures.com/i/maps/BYV-Burns-Gold-Zones-NOV-2012.jpg.
This news release reports assay results from the East Burns - Intrepid Zone step out and wedge holes RR12-34W1, RR12-35 and RR12-35W1. Holes RR12-34W1 and RR12-35W1 are both wedge holes designed to extend mineralization intercepted in holes RR12-34 (see news release Nov. 20th) and RR12-35 (reported here).
East Burns - Intrepid Zone Highlights:
-- Hole RR12-34W1 intersected 25.50 metres grading 6.60 g/t Au and 34.20 g/t Ag including 15.00 metres of 11.06 g/t Au and 57.05 g/t Ag.-- The combination of results from holes RR12-34W1 and RR12-35 continue to show that the down plunge extension of the East Burns - Intrepid Zone mineralized zone continues to the southwest on the Burns property.-- The approx. 15 metre offset distance between holes RR12-34 and RR12-34W1 shows that continuity of the greater than 10 g/t gold mineralization is excellent.-- The assay results of hole RR12-35 indicate that four distinct zones of gold and silver mineralization exist in the eastern portion of the Burns property. A 1.5 metre assay of 196 g/t Ag was returned from one of the shallow zones in this hole.-- Further southwest step out drilling of the East Burns - Intrepid high- grade zone is planned for winter/spring 2013.-- Additional exploration targets for the other known mineralized zones at the East Burns - Intrepid Zone are being prioritized for drilling in spring 2013.
Discussion of East Burns - Intrepid Holes RR12-34W1, RR12-35 and RR12-35W1:
Wedge hole RR12-34W1 intersected a strong interval of gold and silver mineralization in a position approximately 15 metres above the previously reported high-grade zone in hole RR12-34 which returned 26.50m of 8.82 g/t Au and 39.44 g/t Ag. Hole RR12-34W1 intersected a down hole interval of 25.50 metres grading 6.60 g/t Au and 34.20 g/t Ag including 15.00 metres of 11.06 g/t Au and 57.05 g/t Ag.
Burns Block Drill Hole Location Map: www.bayfieldventures.com/i/maps/BYV_Burns_Block_Drill_Collar_Map_Feb_2012.jpg.
The success of the RR12-34W1 wedge hole off the RR12-34 mother hole is encouraging as it clearly demonstrates the strong continuity of the high-grade gold and silver mineralization currently being discovered in the down plunge exploration effort by Bayfield on the eastern portion of the Burns property.