Beaufield Intersects 4.04 g/t Gold Over 15.52 Metres Near Surface at the Launay Gold Project in Quebec
19 March 2014 - 12:00AM
Marketwired
Beaufield Intersects 4.04 g/t Gold Over 15.52 Metres Near Surface
at the Launay Gold Project in Quebec
MONTREAL, QUEBEC--(Marketwired - Mar 18, 2014) - Beaufield
Resources Inc. ("Beaufield" or the "Corporation") (TSX-VENTURE:BFD)
is providing results for five holes drilled in December 2013 on
Zone 75, totaling 594 metres, on the Launay Gold Project in Québec.
The main objective of the drill program is to determine a
near-surface resource on Zone 75. The drilling continues to
demonstrate the continuity of gold mineralization at Zone 75.
Highlights include:
- 4.04 g/t gold over 15.52 metres (LAY-21-2013), including 5.10
g/t gold over 11.52 metres
- 1.29 g/t gold over 15.35 metres (LAY-22-2013)
- 1.14 g/t gold over 34.50 metres (LAY-22A-2013)
Table 1 displays the results obtained for the 5 holes released
in this press release. Hole LAY-22A-2013 was collared in the same
setup at hole LAY-22-2013 due to a deviation in the hole direction.
The results confirm the presence of gold over a distance of at
least 175 metres along strike and at least two parallel mineralized
zones.
Table 1 - Launay Drill Results
Hole Number |
End of hole length (Metres) |
Azimuth (Degrees) |
Dip (Degrees) |
From (Metres) |
To (Metres) |
Interval* (Metres) |
Gold (g/t) |
LAY-21-2013 |
105 |
090 |
-50 |
14.10 |
16.97 |
2.87 |
1.40 |
|
|
|
|
72.48 |
88.00 |
15.52 |
4.04 |
Including |
|
|
|
72.48 |
84.00 |
11.52 |
5.10 |
LAY-22-2013 |
63 |
090 |
-50 |
3.00 |
18.35 |
15.35 |
1.29 |
LAY-22A-2013 |
159 |
090 |
-50 |
2.35 |
36.85 |
34.50 |
1.14 |
Including |
|
|
|
2.35 |
15.85 |
13.50 |
1.31 |
Including |
|
|
|
23.90 |
36.85 |
12.95 |
1.62 |
LAY-23-2013 |
162 |
090 |
-50 |
96.85 |
100.70 |
3.85 |
0.62 |
LAY-24-2013 |
105 |
090 |
-50 |
75.00 |
79.00 |
4.00 |
1.13 |
*Reported drill intercepts are not true widths. |
Gold occurs in two distinct mineralization styles. Near surface,
gold is hosted in a hematized pink granite including several quartz
veinlets and a dense fracture network associated with pyrite and
sericite alteration. Gold intersected in a second zone is hosted in
a white to light pinkish-grey granite due to strong albite
alteration and weak hematization. Pyrite typically occurs as
disseminated grains (up to 5% pyrite). The albitized granite
contains higher grades as indicated by 6.20 g/t gold on 10.50
metres, hole LAY-20-2013 (refer to press release February 18th,
2014).
The present drill program began in November 2013 (refer to press
release November 20th, 2013) and was completed in January 2014. In
total 19 holes, comprising 2589.6 metres, were drilled. The results
from 11 holes were released in January and February 2014 (refer to
press release January 13th, 2014 and February 18th, 2014).
Three exploration holes are still pending and will be released
when the results are compiled. The 3 holes were drilled to test an
Induced Polarization (IP) target and possible extensions of Zone
75. Gold mineralization in the area is typically associated with IP
anomalies due to the presence of pyrite.
Several mineralized intersections from the drilling program are
open and additional sampling is planned for this spring as well as
some surface channels to link mineralization on surface to the main
mineralized zone intersected by the drilling.
Quality control
Core processing included descriptive logging and systematic
sampling for analysis. The drill core was sawn in half, with
one-half delivered to a commercial laboratory and the other half
retained for future reference. Samples were submitted to ALS Chemex
Laboratories in Val d'Or, Québec. The processed samples were
subjected to a standard fire assay with AA technique (Au-AA23) on a
30-gram subsample. Standards and blanks were inserted randomly into
the sample shipments as part of the sampling protocol. For samples
returning greater than ten g/t gold, follow-up analysis using fire
assay with a gravimetric finish is completed. Following receipt of
assays, visual analysis of mineralized intercepts is conducted, and
additional analyses may be requested to ensure the accurate
representation of the mineralized zones.
This press release was prepared by Dr. Eric Hebert, PGeo, of
GeoVector Management Inc., qualified person under National
Instrument 43-101. Dr. Hebert has supervised the diamond drill
program, logged the core, designed the sampling program and
reviewed the quality control information.
About the Launay Gold Project:
The Project is located in the active Abitibi Greenstone belt
approximately 70 kilometres northeast of Rouyn-Noranda and 80
kilometres northwest of Val d'Or. It is accessible via highway 111,
30 kilometres west of Amos where all accommodations, supplies and
services are available. Power and rail lines cross the property.
The property consists of 83 claims or 63 square kilometres. The
gold occurs in altered, mineralized granite which has been traced
for at least 3 kilometres. Two zones have seen limited near surface
drilling namely Zone 75 and the Principal Zone. The area remains to
be fully explored along strike and at depth. There is potential for
a significant open pit gold resource.
The drill program was funded by the Corporation as per an option
and joint venture agreement with Melkior Resources Inc. ("Melkior")
signed in November 2013 (refer to press release November 7th 2013).
The Corporation will earn 50% in the project by spending $1,250,000
over five years. Beaufield will earn 10% interest for each $250,000
of exploration expenses. To date Beaufield has earned a 10%
interest in the Launay Gold Project.
About Zone 75:
Zone 75 is being drilled in detail to determine the presence of
a near surface gold resource that could have the potential for near
term production and shipment to one of the 4 gold mills located
within a 70 kilometre radius of the property. The current program
has concentrated on the near surface potential. Exploration
drilling along strike and at depth will be the focus of further
work.
Table 2 - Below Outlines a Series of Holes in Zone 75 from
Earlier Work
Hole # |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
ML-87-97 |
2.13 |
23.22 |
21.09 |
1.20 |
ML-87-87 |
80.92 |
89.30 |
8.38 |
1.62 |
ML-87-89 |
46.85 |
66.14 |
19.29 |
1.96 |
ML-87-90 |
45.81 |
53.95 |
8.14 |
4.73 |
ML-87-91 |
80.83 |
96.16 |
15.33 |
2.29 |
ML-87-92 |
87.17 |
114.96 |
27.79 |
4.16 |
MLC-90-19 |
3.66 |
65.84 |
62.18 |
3.11 |
MLC-90-20 |
49.99 |
53.04 |
3.05 |
2.75 |
MLB-91-01 |
43.89 |
51.51 |
7.62 |
1.48 |
MLB-91-04 |
1.83 |
15.85 |
14.02 |
0.63 |
MLB-91-07 |
47.55 |
54.56 |
7.01 |
4.64 |
MLB-91-09 |
47.55 |
60.96 |
13.41 |
2.94 |
LAY-01-2012 |
37.70 |
40.35 |
2.65 |
1.50 |
LAY-01-2012 |
66.00 |
70.70 |
4.70 |
2.95 |
LAY-02-2012 |
4.20 |
18.08 |
13.88 |
0.31 |
LAY-03-2012 |
7.00 |
14.00 |
7.00 |
0.58 |
LAY-06-2012 |
2.60 |
45.90 |
43.30 |
0.32 |
LAY-08-2012 |
1.65 |
48.00 |
46.35 |
1.83 |
LAY-08-2012 |
77.75 |
90.65 |
12.90 |
3.36 |
LAY-09-2012 |
60.60 |
79.00 |
18.40 |
2.49 |
LAY-12-2013 |
22.30 |
48.50 |
26.20 |
1.61 |
LAY-14-2013 |
39.00 |
48.00 |
9.00 |
4.62 |
LAY-15-2013 |
73.60 |
87.00 |
13.4 |
3.92 |
LAY-20-2013 |
85.50 |
96.00 |
10.5 |
6.20 |
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 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.
Jens E. HansenPresident and CEO514.842.3443Fax:
514.842.3306info@beaufield.comwww.beaufield.com
Beaufield Resources Inc. (Ressou (TSXV:BFD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Beaufield Resources Inc. (Ressou (TSXV:BFD)
Historical Stock Chart
From Jul 2023 to Jul 2024