Beaufield Drills 322.15 Metres of 4.20% Zinc, 2.72% Copper, 72.02 g/t Silver and 0.53 g/t Gold at Tortigny
OTTAWA, ONTARIO, Sep. 30, 2010 (Marketwire) -- Beaufield Resources Inc. (TSX VENTURE:BFD)
Highlights
-- Best drill results to date: 4.20% zinc, 2.72% copper, 0.19% lead, 500.93
g/t Cobalt, 72.02 g/t Silver and 0.53 g/t gold over 322.15 metres
-- Significant silver and gold values: 209.00 g/t silver and 2.19 g/t gold
over 7.00 metres
-- Off-hole geophysical anomalies suggest extensions
-- New resource calculation being prepared
-- More drilling planned
Beaufield Resources Inc. (TSX VENTURE:BFD) is pleased to report results from the recently completed, four holes totalling 2529 metres, drilling program on the 100% owned Tortigny Copper-Zinc-Silver deposit. The excellent results obtained to date move the property to the top of Beaufield's exploration priorities.
The Tortigny polymetallic deposit is located on an all weather road 100 kilometres north of the town of Chibougamau, Quebec. It consists of a deformed massive sulphides orebody hosted by meta-sedimentary rocks (argillite and siltstone) intercalated between two geochemically distinct mafic volcanic (basalt) units. The deposit forms an asymmetric "V" shape fold and its base portion (hinge) dips 50 degrees to the west.
Hole TO-10-16 was drilled vertically into the central portion of the deposit and intersected 18.45 metres of massive sulphides mineralization grading 4.17% zinc, 3.26% copper, 0.39% lead, 80.70 g/t silver and 0.30 g/t gold. The hole intersected the mineralized lens at an angle of 48 degrees suggesting a calculated true width of approximately 12.80 metres.
Hole TO-10-19 intersected 322.15 metres of 4.20% zinc, 2.72% copper, 0.19% lead, 72.02 g/t silver and 0.53 g/t gold. The hole was drilled parallel to the hinge of the fold, following the mineralized zone, to verify the continuity and the variability of the orebody between the different sections and to provide material for metallurgical studies. The drill hole went in and out of the mineralized zone intersecting 21 different metric massive sulphides intervals, totalling 34% (108.95m) of the mineralized intersection. The hole was terminated at 486 metres in a major fault. It should be noted that gold and silver values in hole 19 are significantly higher than the values calculated from previous drilling. Anomalous cobalt grading an average of 500.93 g/t (around 1lb/t) over 322.15 metres was also recorded. The best intersections are summarized in the table below.
AUGUST 2010 DRILLING
From To Length Zinc Copper Lead Silver Gold
(m) (m) (m) (%) (%) (%) (g/t) (g/t)
--------------------------------------------------
TO-10-16 153.90 172.35 18.45 4.17% 3.26% 0.39% 80.70 g/t 0.30 g/t
--------------------------------------------------
TO-10-19 14.85 337.00 322.15 4.20% 2.72% 0.19% 72.02 g/t 0.53 g/t
--------------------------------------------------
Including 15.45 18.50 3.05 10.68% 5.09% 0.24% 149.67 g/t 0.74 g/t
--------------------------------------------------
Including 31.00 37.70 6.70 13.59% 5.16% 0.27% 162.95 g/t 1.28 g/t
--------------------------------------------------
Including 40.60 43.95 3.35 14.55% 6.31% 0.03% 170.70 g/t 0.52 g/t
--------------------------------------------------
Including 54.90 60.55 5.65 5.46% 5.96% 0.13% 155.77 g/t 0.49 g/t
--------------------------------------------------
Including 76.55 101.60 25.05 10.91% 5.47% 0.17% 150.56 g/t 0.90 g/t
--------------------------------------------------
Including 93.15 101.60 8.45 12.70% 4.75% 0.17% 136.18 g/t 0.62 g/t
--------------------------------------------------
Including 165.75 178.65 12.90 12.58% 6.19% 0.29% 137.85 g/t 0.82 g/t
--------------------------------------------------
Including 183.40 197.75 14.35 7.09% 3.28% 0.26% 92.12 g/t 0.61 g/t
--------------------------------------------------
Including 208.95 216.30 7.35 5.68% 2.81% 0.16% 64.47 g/t 0.45 g/t
--------------------------------------------------
Including 222.80 240.40 17.60 6.82% 5.75% 0.24% 132.89 g/t 1.29 g/t
--------------------------------------------------
Including 248.00 255.60 7.60 5.45% 3.59% 0.20% 92.28 g/t 0.52 g/t
--------------------------------------------------
Including 268.65 275.65 7.00 12.49% 9.44% 0.36% 209.00 g/t 2.19 g/t
--------------------------------------------------
Including 281.00 292.45 11.45 1.60% 3.76% 0.35% 100.13 g/t 1.84 g/t
--------------------------------------------------
Hole TO-10-17, located at the western extremity of the deposit, intersected 16.00 metres of disseminated and stringered pyrrhotite and sphalerite (zinc) mineralization before entering in a major fault where it was stopped. TO-10-18, located 100 metres west of the deposit and beyond the major fault, intersected 55.60 metres of disseminated and stringered pyrrhotite and sphalerite (zinc) mineralization. This mineralization halo could be associated with a possible western continuity of the Tortigny deposit that would have been subjected to a lateral displacement by the major fault. The precise orientation of that major fault still needs to be determined.
Hole TO-10-16 and TO-10-18 were continued beyond the mineralization to a depth of 801 metres to conduct down-hole geophysics. This data combined with previous down-hole information will be used to direct continued drilling. Preliminary examination of the data indicates off-hole targets.
The Tortigny deposit, the Moleon area and the surrounding area 100% owned by Beaufield represent a very high priority for base metal exploration environment.
Quality Assurance / Quality Control
Core processing included descriptive logging and systematic sampling for analysis. The drill core was completely cut in half, with one half delivered to a commercial laboratory and the other half retained for future reference, gold assays were 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 has approximately $6 million in working capital, no debt and a promising portfolio of gold and base metal properties.
David Frappier-Rivard, P.Geo., Exploration Manager is the Qualified Person, as defined by National Instrument 43-101 and supervised both the project field and the preparation of the technical information in this release.
This release contains forward-looking statements that are based on beliefs of its management as well as assumptions made by and information currently available to management of the Company. When used in this release, the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", and the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current views of the Company with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in this release. The statements contained in this release speak only as of the date hereof. The Company undertakes to inform shareholders and to update forward-looking statements if circumstances or management's estimates or opinions should change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Beaufield Resources Inc. President 613-721-2919 613-680-1091 (FAX) beaufield@rogers.com www.beaufield.com Capital Corporation 1-888-371-9098 1-888-371-9099 (FAX) info@htcapitalcorp.com
OTTAWA, ONTARIO, Sep. 30, 2010 (Marketwire) -- Beaufield Resources Inc. (TSX VENTURE:BFD)
Highlights
-- Best drill results to date: 4.20% zinc, 2.72% copper, 0.19% lead, 500.93
g/t Cobalt, 72.02 g/t Silver and 0.53 g/t gold over 322.15 metres
-- Significant silver and gold values: 209.00 g/t silver and 2.19 g/t gold
over 7.00 metres
-- Off-hole geophysical anomalies suggest extensions
-- New resource calculation being prepared
-- More drilling planned
Beaufield Resources Inc. (TSX VENTURE:BFD) is pleased to report results from the recently completed, four holes totalling 2529 metres, drilling program on the 100% owned Tortigny Copper-Zinc-Silver deposit. The excellent results obtained to date move the property to the top of Beaufield's exploration priorities.
The Tortigny polymetallic deposit is located on an all weather road 100 kilometres north of the town of Chibougamau, Quebec. It consists of a deformed massive sulphides orebody hosted by meta-sedimentary rocks (argillite and siltstone) intercalated between two geochemically distinct mafic volcanic (basalt) units. The deposit forms an asymmetric "V" shape fold and its base portion (hinge) dips 50 degrees to the west.
Hole TO-10-16 was drilled vertically into the central portion of the deposit and intersected 18.45 metres of massive sulphides mineralization grading 4.17% zinc, 3.26% copper, 0.39% lead, 80.70 g/t silver and 0.30 g/t gold. The hole intersected the mineralized lens at an angle of 48 degrees suggesting a calculated true width of approximately 12.80 metres.
Hole TO-10-19 intersected 322.15 metres of 4.20% zinc, 2.72% copper, 0.19% lead, 72.02 g/t silver and 0.53 g/t gold. The hole was drilled parallel to the hinge of the fold, following the mineralized zone, to verify the continuity and the variability of the orebody between the different sections and to provide material for metallurgical studies. The drill hole went in and out of the mineralized zone intersecting 21 different metric massive sulphides intervals, totalling 34% (108.95m) of the mineralized intersection. The hole was terminated at 486 metres in a major fault. It should be noted that gold and silver values in hole 19 are significantly higher than the values calculated from previous drilling. Anomalous cobalt grading an average of 500.93 g/t (around 1lb/t) over 322.15 metres was also recorded. The best intersections are summarized in the table below.
AUGUST 2010 DRILLING
From To Length Zinc Copper Lead Silver Gold
(m) (m) (m) (%) (%) (%) (g/t) (g/t)
--------------------------------------------------
TO-10-16 153.90 172.35 18.45 4.17% 3.26% 0.39% 80.70 g/t 0.30 g/t
--------------------------------------------------
TO-10-19 14.85 337.00 322.15 4.20% 2.72% 0.19% 72.02 g/t 0.53 g/t
--------------------------------------------------
Including 15.45 18.50 3.05 10.68% 5.09% 0.24% 149.67 g/t 0.74 g/t
--------------------------------------------------
Including 31.00 37.70 6.70 13.59% 5.16% 0.27% 162.95 g/t 1.28 g/t
--------------------------------------------------
Including 40.60 43.95 3.35 14.55% 6.31% 0.03% 170.70 g/t 0.52 g/t
--------------------------------------------------
Including 54.90 60.55 5.65 5.46% 5.96% 0.13% 155.77 g/t 0.49 g/t
--------------------------------------------------
Including 76.55 101.60 25.05 10.91% 5.47% 0.17% 150.56 g/t 0.90 g/t
--------------------------------------------------
Including 93.15 101.60 8.45 12.70% 4.75% 0.17% 136.18 g/t 0.62 g/t
--------------------------------------------------
Including 165.75 178.65 12.90 12.58% 6.19% 0.29% 137.85 g/t 0.82 g/t
--------------------------------------------------
Including 183.40 197.75 14.35 7.09% 3.28% 0.26% 92.12 g/t 0.61 g/t
--------------------------------------------------
Including 208.95 216.30 7.35 5.68% 2.81% 0.16% 64.47 g/t 0.45 g/t
--------------------------------------------------
Including 222.80 240.40 17.60 6.82% 5.75% 0.24% 132.89 g/t 1.29 g/t
--------------------------------------------------
Including 248.00 255.60 7.60 5.45% 3.59% 0.20% 92.28 g/t 0.52 g/t
--------------------------------------------------
Including 268.65 275.65 7.00 12.49% 9.44% 0.36% 209.00 g/t 2.19 g/t
--------------------------------------------------
Including 281.00 292.45 11.45 1.60% 3.76% 0.35% 100.13 g/t 1.84 g/t
--------------------------------------------------
Hole TO-10-17, located at the western extremity of the deposit, intersected 16.00 metres of disseminated and stringered pyrrhotite and sphalerite (zinc) mineralization before entering in a major fault where it was stopped. TO-10-18, located 100 metres west of the deposit and beyond the major fault, intersected 55.60 metres of disseminated and stringered pyrrhotite and sphalerite (zinc) mineralization. This mineralization halo could be associated with a possible western continuity of the Tortigny deposit that would have been subjected to a lateral displacement by the major fault. The precise orientation of that major fault still needs to be determined.
Hole TO-10-16 and TO-10-18 were continued beyond the mineralization to a depth of 801 metres to conduct down-hole geophysics. This data combined with previous down-hole information will be used to direct continued drilling. Preliminary examination of the data indicates off-hole targets.
The Tortigny deposit, the Moleon area and the surrounding area 100% owned by Beaufield represent a very high priority for base metal exploration environment.
Quality Assurance / Quality Control
Core processing included descriptive logging and systematic sampling for analysis. The drill core was completely cut in half, with one half delivered to a commercial laboratory and the other half retained for future reference, gold assays were 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 has approximately $6 million in working capital, no debt and a promising portfolio of gold and base metal properties.
David Frappier-Rivard, P.Geo., Exploration Manager is the Qualified Person, as defined by National Instrument 43-101 and supervised both the project field and the preparation of the technical information in this release.
This release contains forward-looking statements that are based on beliefs of its management as well as assumptions made by and information currently available to management of the Company. When used in this release, the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", and the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current views of the Company with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in this release. The statements contained in this release speak only as of the date hereof. The Company undertakes to inform shareholders and to update forward-looking statements if circumstances or management's estimates or opinions should change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Beaufield Resources Inc. President 613-721-2919 613-680-1091 (FAX) beaufield@rogers.com www.beaufield.com Capital Corporation 1-888-371-9098 1-888-371-9099 (FAX) info@htcapitalcorp.com
