VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/23/13 -- 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 and "B" Block gold-silver projects. The Company's Burns and "B" Blocks are located in the Rainy River District of north-western Ontario and are 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: http://www.bayfieldventures.com/i/maps/BYV-Burns-Gold-Zones-NOV-2012.jpg
This news release reports highlights from twelve drill holes completed during our ongoing 2013 drill exploration program on the Burns and "B" Block properties. Drilling is continuing on the Burns Block.
The assay and geologic results presented here come from work in three distinct target areas: down-dip extension drilling of the developing, high-grade East Burns-Intrepid Zone, up-dip extension drilling of the East Burns-Intrepid Zone, and wide spaced drilling of our highly prospective 480 acre "B" Block property. The "B" Block is located directly north of the near-surface portion of Rainy River Resources' newly discovered Intrepid Zone.
East Burns - Intrepid Zone Down-Dip Extension Highlights:
-- Drill Hole RR13-7 intersected a down hole interval of 22.90 metres grading 8.10 g/t gold and 20.55 g/t silver including 11.00 metres of 12.19 g/t gold and 30.05 g/t silver. This interval commences at 615 metres down hole.-- This interval of very well developed gold and silver mineralization occurs within a 57.0 metre wide zone of strong alteration and mineralization from 596.00 to 653.00 metres down hole.-- The lower portion of this wider zone returned 7.50 metres of 2.27 g/t gold and 20.50 g/t silver including 3.00 metres of 5.36 g/t gold and 50.60 g/t silver.-- This lower mineralized interval appears to represent a new footwall discovery below the main East Burns - Intrepid zone.
East Burns - Intrepid Zone Up-Dip Extension Highlights:
-- Four holes have been completed near the northeast corner of the Burns Block.-- Strong sericite alteration of quartz porphyry dacites seen under 100 metres of capping mafic volcanic.-- Hole RR13-3 returned 3.00 metres of 2.98 g/t gold and 11.00 g/t silver starting a depth of 308 metres below surface.
Discussion of East Burns - Intrepid Zone Down-Dip Extension Hole RR13-7:
The East Burns - Intrepid Zone down-dip extension hole RR13-7 intersected a 57 metre wide interval of strong sericite-silica alteration that contains three distinct zones of gold-silver mineralization in a position 20 metres south of hole RR12-12 and 20 metres east of hole RR12-30, both of which contain previously reported high-grade gold-silver intercepts.
The best of the three mineralized zones in RR13-7 is the central one that is the targeted main strand of the developing East Burns - Intrepid Zone. Gold-silver mineralization within this main 22.90 metre down hole interval is dominated by native gold fracture fills and associated pin point disseminations of native gold and electrum. These occurrences are found both in association with distinct cross cutting veins and veinlets and within more irregular shaped patches of strong silica flooding of a quartz eye dacite porphyry host rock.