VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/23/13 -- 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 gold-silver project located in the Rainy River District of north-western Ontario. The Company's Burns Block property 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:
This news release reports the assay and geologic highlights from two drill holes completed during the winter/spring 2013 phase of Bayfield's drill exploration program on the Burns Block property.
Intrepid Zone Down-Dip Extension Highlights:
-- Drill Hole RR13-34W2 intersected a down hole interval of 16.00 metres grading 10.47 g/t gold and 34.68 g/t silver. This interval commences at 635 metres down hole.-- Table 1 below lists all individual sample intervals for the high-grade shoot portion of hole RR13-34W2. This table displays the very continuous nature of the high-grade mineralization typical of the developing gold- silver zone on Bayfield's side of the property line.-- Table 2 below summarizes the assays for composite intervals of hole RR13-8 and RR13-34W2.-- The high-grade mineralization in hole RR13-34W2 is the western most intersection of the Intrepid shoot to date and clearly shows that additional down plunge and strike extension of this zone is likely.
Bayfield has been actively extending a robust shoot of high-grade gold-silver mineralization extending from Rainy River Resources' Intrepid gold-silver zone onto the eastern portion of the Burns Block to the southwest, since drilling discovery hole RR11-205 in late 2011.
Burns Block Drill Hole Location Map:
Comparison of known location, geometry and geological-mineralogical characteristics of the mineralization being developed on either side of the Bayfield Ventures - Rainy River Resources property line clearly indicates that the two companies are outlining and extending a single, remarkably continuous, large-scale mineralized shoot.
Exploration and delineation drilling by Bayfield Ventures and Rainy River Resources has established that the Intrepid shoot is strongly mineralized from surface (bedrock/glacial till contact) to a current vertical depth of over 620 metres. The known strike length is greater than 700 metres and the NE-SW down plunge distance is now greater than 1km.
These dimensions indicate that the Intrepid zone is the most vertically continuous mineralized structure discovered to date in the district. Furthermore these dimensions, when combined with the documented presence of a high-grade core where grades of greater than 10 grams gold over down hole widths of 10 to 25 metres are common, are leading to establishing the Intrepid as one of the most important mineralized zones found to date.